Material Handling Equipment Market

Industry Outlook

Industrial manufacturing and processing across several products are witnessing a more sophisticated and organized approach by incorporating material handling equipment. The equipment is used to sort, transport, orient, and handle material used during a production or storage process quickly and effectively. Owing to these properties, almost every industry is considering making material handling equipment a part of their production line. Growing industrial manufacturing and logistics sectors are creating tremendous demand for such equipment. As a result, the material handling equipment market was valued at US$ 138.54 billion in 2017. The figure is expected to rise to US$ 224.08 billion in 2026, with a 5.5% growth rate over the forecast period of 2018 to 2026.

Market Synopsis

Industrial Trucks and Forklifts to Drive Away the Top Spot

Industrial trucks and forklifts are an essential part of any major manufacturing plant, as they carry heavy loads on the shop floor much faster than human material handlers. This equipment also plays a vital role in inventory control and warehouse management. Being a major part of material handling, industrial trucks and forklifts acquire the majority of the market share in the overall material handling equipment market. In terms of market value, the truck and forklift are closely followed by conveyors. Conveyors are the most common material handling system available and an essential component for unattended material transit within the manufacturing unit. Other equipment, including cranes and hoists, pallets, racks, and shelves, also claim a fair share of the overall market. Automated material handling equipment is the fastest-growing equipment and is projected to grow by leaps and bounds in the coming years. Major manufacturers and robotic companies are focusing on improving automated material handling devices, and the sub-segment is expected to take over traditional equipment during and beyond the forecast period from 2018 to 2026.

Automotive, Manufacturing, and Processing Compete for the Top Position

With respect to end-use industries, manufacturing and processing, and the automotive industry face off in close quarters for the majority of market share and market value. The exponential growth of the automotive industry and the introduction of advanced assembly lines created a positive impact on the demand for material handling equipment. The manufacturing and processing sectors are also running at full capacity, and the scale is on a path to perpetual rise, along with the need for more sophisticated material handling equipment. Besides, transportation and logistics are the fastest-growing segments in the material handling equipment market. Growing global trade and a consistent rise in e-commerce depend heavily on material handling equipment and have a high probability of achieving significant market value in the coming years.

Asia Pacific to Reign Supreme over North America and Europe in Terms of Market Value

The presence of developing countries and a high concentration of automotive and manufacturing process units crowned Asia-Pacific as the leading region in the material handling equipment market. Countries such as China, India, South Korea, and Taiwan, among others, are witnessing tremendous growth in their manufacturing capacities and are procuring more material-handling methods to enhance their capabilities. North America trails Asia-Pacific in terms of market value. This region is one of the earliest to adopt automated material handling equipment, and industrial automation is growing at a brisk pace in this region. Europe does not lag far behind North America in terms of market value.

Market Segmentation

Good Opportunities A tug-of-war between local and international players in the material handling equipment market

Growing market prospects created an impulse among local and international material-handling equipment manufacturers. The presence of several players made the market fragmented, and intense competition ignited between them to maintain the market position. Companies are introducing their state-of-the-art equipment, such as ASRS and AGV, to bring technological innovation to the market. Besides, carrying out strategies for acquisition and creating long-term partnerships is a common strategy observed in recent times. Companies are striving day in and day out to retain their customers’ faith and expand their geographical presence. The research study includes the business strategies and recent developments of a few of the most prominent players in the material handling equipment market, including Liebherr Group, Daifuku Co., Ltd., Kion Group AG, Flexlink, Hyster-Yale Materials Handling, Inc., Viastore Systems GmbH, Crown Equipment Corporation, Toyota Industries Corporation, Hytrol Conveyor Co., Inc., JBT Corporation, Intelligrated, Inc., Dematic GmbH & Co., KG, Columbus McKinnon, and KUKA AG, among others.

Key questions are answered in this report.

• What are the latest trends in the material handling equipment market and potential opportunities for players?
• How will studies of productive tools and quality management have an impact on the global as well as regional material handling equipment market?
• Which is the largest and fastest-growing segment in terms of equipment type and end-user?
• Which is the most attractive geographical region or country for the overall material handling equipment market?
• How will automation and robotics play a vital role in the overall material-handling equipment market in the coming years?
• What are the market sizes and trends in developing regions such as the Asia Pacific, the Middle East, Africa, and Latin America?

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global MHE Market
2.2 Global MHE Market, by Equipment Type
2.3 Global MHE Market, by End-use Industry
2.4 Global MHE Market, by Geography

Chapter 3 Market Dynamics
3.1 Global MHE Market Overview
3.1 Market Dynamics
3.1.1 Market Drivers
3.1.1.1 Perpetual Growth in Automotive Industry
3.1.1.2 Growing Importance of Material Handling in Industrial manufacturing & Processing
3.1.1.3 Introduction of Robotics and Automated Material Handling Equipment
3.1.2 Market Challenges
3.1.2.1 Highly Fragmented and Unorganized Market
3.2 See-Saw Analysis
3.2.1 Impact Analysis of Drivers and Restraints
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017
3.4.1 Major Strategies Adopted by Key Players

Chapter 4 Global Material Handling Equipment (MHE) Market Analysis, by Equipment Type
4.1 Overview
4.1.1 Global MHE Market Value Share, by Equipment Type, 2017 & 2026 (Value, %)
4.1.2 Global MHE Market Value, by Equipment Type, 2016 – 2026 (US$ Bn)
4.2 Conveyors
4.2.1 Global Material Handling Conveyors Market, 2016 – 2026 (US$ Bn)
4.3 Industrial Truck & Forklift
4.3.1 Global Industrial Trucks & Forklift Market, 2016 – 2026 (US$ Bn)
4.4 Crane & Hoist
4.4.1 Global Material Handling Crane & Hoist Market, 2016 – 2026 (US$ Bn)
4.5 Pallet, Rack & Shelve
4.5.1 Global Material Handling Pallet, Rack & Shelve Market, 2016 – 2026 (US$ Bn) 38
4.6 Automated Equipment
4.6.1 Global Automated MHE Market, 2016 – 2026 (US$ Bn)

Chapter 5 Global Material Handling Equipment (MHE) Market Analysis, by End-use Industry
5.1 Overview
5.1.1 Global MHE Market Value Share, by End-use Industry, 2017 & 2026 (Value, %)
5.1.2 Global MHE Market Value, by End-use Industry, 2016 – 2026 (US$ Bn)
5.2 Automotive
5.2.1 Global MHE Market for Automotive, 2016 – 2026 (US$ Bn)
5.3 Manufacturing & Processing
5.3.1 Global MHE Market for Manufacturing & Processing, 2016 – 2026 (US$ Bn)
5.4 Packaging
5.4.1 Global MHE Market for Packaging, 2016 – 2026 (US$ Bn)
5.5 Transportation & Logistics
5.5.1 Global MHE Market for Transportation & Logistics, 2016 – 2026 (US$ Bn)
5.6 Oil & Gas
5.6.1 Global MHE Market for Oil & Gas, 2016 – 2026 (US$ Bn)
5.7 Building & Construction
5.7.1 Global MHE Market for Building & Construction, 2016 – 2026 (US$ Bn)
5.8 Others
5.8.1 Global MHE Market for Other Industries, 2016 – 2026 (US$ Bn)

Chapter 6 North America Material Handling Equipment (MHE) Market Analysis
6.1 Overview
6.1.1 North America MHE Market Value, 2016-2026, (US$ Bn)
6.2 North America MHE Market, by Equipment Type, 2016 – 2026 (US$ Bn)
6.2.1 Comparative Analysis
6.3 North America MHE Market Analysis, by End-use Industry, 2016 – 2026 (US$ Bn)
6.3.1 Comparative Analysis
6.4 North America MHE Market Analysis, by Country, 2016 – 2026 (US$ Bn)
6.4.1 U.S.
6.4.2 Rest of North America

Chapter 7 Europe Material Handling Equipment (MHE) Market Analysis
7.1 Overview
7.1.1 Europe MHE Market Value, 2016-2026, (US$ Bn)
7.2 Europe MHE Market, by Equipment Type, 2016 – 2026 (US$ Bn)
7.2.1 Comparative Analysis
7.3 Europe MHE Market Analysis, by End-use Industry, 2016 – 2026 (US$ Bn)
7.3.1 Comparative Analysis
7.4 Europe MHE Market Analysis, by Country, 2016 – 2026 (US$ Bn)
7.4.1 U.K.
7.4.2 Germany
7.4.3 France
7.4.4 Rest of Europe

Chapter 8 Asia Pacific Material Handling Equipment (MHE) Market Analysis
8.1 Overview
8.1.1 Asia Pacific MHE Market Value, 2016-2026, (US$ Bn)
8.2 Asia Pacific MHE Market, by Equipment Type, 2016 – 2026 (US$ Bn)
8.2.1 Comparative Analysis
8.3 Asia Pacific MHE Market Analysis, by End-use Industry, 2016 – 2026 (US$ Bn)
8.3.1 Comparative Analysis
8.4 Asia Pacific MHE Market Analysis, by Country, 2016 – 2026 (US$ Bn)
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific

Chapter 9 Rest of the World (RoW) Material Handling Equipment (MHE) Market Analysis
9.1 Overview
9.1.1 RoW MHE Market Value, 2016-2026, (US$ Bn)
9.2 RoW MHE Market, by Equipment Type, 2016 – 2026 (US$ Bn)
9.2.1 Comparative Analysis
9.3 RoW MHE Market Analysis, by End-use Industry, 2016 – 2026 (US$ Bn)
9.3.1 Comparative Analysis
9.4 RoW MHE Market Analysis, by Country, 2016 – 2026 (US$ Bn)
9.4.1 Middle East & Africa (MEA)
9.4.2 Latin America

Chapter 10 Company Profiles
10.1 Daifuku Co., Ltd.
10.2 Hyster-Yale Materials Handling, Inc.
10.3 Liebherr Group
10.4 KUKA AG
10.5 Kion Group AG
10.6 JBT Corporation
10.7 Flexlink, Viastore Systems GmbH
10.8 Crown Equipment Corporation
10.9 Toyota Industries Corporation
10.10 Hytrol Conveyor Co., Inc.
10.11 Intelligrated, Inc.
10.12 Dematic GmbH & Co., KG.
10.13 Columbus McKinnon

List of Figures

FIG. 1 Global Material Handling Equipment (MHE) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global MHE Market Segmentation
FIG. 4 Global MHE Market, by Equipment Type, 2017 (US$ Bn)
FIG. 5 Global MHE Market, by End-use Industry, 2017 (US$ Bn)
FIG. 6 Global MHE Market, by Geography, 2017 (US$ Bn)
FIG. 7 Global MHE Market Value and Growth, 2016 – 2026, (US$ Bn) (Y-o-Y %)
FIG. 8 See-Saw Analysis: Global MHE Market
FIG. 9 Attractive Investment Proposition, by Geography, 2017
FIG. 10 Global Market Positioning of Key Material Handling Equipment Companies, 2017
FIG. 11 Global MHE Market Value Share, by Equipment Type, 2017 & 2026 (Value, %)
FIG. 12 Global Material Handling Conveyors Market, 2016 – 2026 (US$ Bn)
FIG. 13 Global Industrial Trucks & Forklift Market, 2016 – 2026 (US$ Bn)
FIG. 14 Global Material Handling Crane & Hoist Market, 2016 – 2026 (US$ Bn)
FIG. 15 Global Material Handling Pallet, Rack & Shelve Market, 2016 – 2026 (US$ Bn)
FIG. 16 Global Automated MHE Market, 2016 – 2026 (US$ Bn)
FIG. 17 Global MHE Market Value Share, by End-use Industry, 2017 & 2026 (Value, %)
FIG. 18 Global MHE Market for Automotive, 2016 – 2026 (US$ Bn)
FIG. 19 Global MHE Market for Manufacturing & Processing, 2016 – 2026 (US$ Bn)
FIG. 20 Global MHE Market for Packaging, 2016 – 2026 (US$ Bn)
FIG. 21 Global MHE Market for Transportation & Logistics, 2016 – 2026 (US$ Bn)
FIG. 22 Global MHE Market for Oil & Gas, 2016 – 2026 (US$ Bn)
FIG. 23 Global MHE Market for Building & Construction, 2016 – 2026 (US$ Bn)
FIG. 24 Global MHE Market for Other Industries, 2016 – 2026 (US$ Bn)
FIG. 25 North America MHE Market Value, 2016-2026, (US$ Bn)
FIG. 26 U.S. MHE Market Value, 2016-2026, (US$ Bn)
FIG. 27 Rest of North America MHE Market Value, 2016-2026, (US$ Bn)
FIG. 28 Europe MHE Market Value, 2016-2026, (US$ Bn)
FIG. 29 U.K. MHE Market Value, 2016-2026, (US$ Bn)
FIG. 30 Germany MHE Market Value, 2016-2026, (US$ Bn)
FIG. 31 France MHE Market Value, 2016-2026, (US$ Bn)
FIG. 32 Rest of Europe MHE Market Value, 2016-2026, (US$ Bn)
FIG. 33 Asia Pacific MHE Market Value, 2016-2026, (US$ Bn)
FIG. 34 China MHE Market Value, 2016-2026, (US$ Bn)
FIG. 35 Japan MHE Market Value, 2016-2026, (US$ Bn)
FIG. 36 India MHE Market Value, 2016-2026, (US$ Bn)
FIG. 37 Rest of Asia Pacific MHE Market Value, 2016-2026, (US$ Bn)
FIG. 38 RoW MHE Market Value, 2016-2026, (US$ Bn)
FIG. 39 Middle East & Africa (MEA) MHE Market Value, 2016-2026, (US$ Bn)
FIG. 40 Latin America MHE Market Value, 2016-2026, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Material Handling Equipment (MHE) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global MHE Market, by Equipment Type, 2016 – 2026 (US$ Bn)
TABLE 5 Global MHE Market, by End-use Industry, 2016 – 2026 (US$ Bn)
TABLE 6 North America MHE Market, by Equipment Type, 2016 – 2026 (US$ Bn)
TABLE 7 North America MHE Market, by End-use Industry, 2016 – 2026 (US$ Bn)
TABLE 8 Europe MHE Market, by Equipment Type, 2016 – 2026 (US$ Bn)
TABLE 9 Europe MHE Market, by End-use Industry, 2016 – 2026 (US$ Bn)
TABLE 10 Asia Pacific MHE Market, by Equipment Type, 2016 – 2026 (US$ Bn)
TABLE 11 Asia Pacific MHE Market, by End-use Industry, 2016 – 2026 (US$ Bn)
TABLE 12 RoW MHE Market, by Equipment Type, 2016 – 2026 (US$ Bn)
TABLE 13 RoW MHE Market, by End-use Industry, 2016 – 2026 (US$ Bn)
TABLE 14 Daifuku Co., Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 Hyster-Yale Materials Handling, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 Liebherr Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 KUKA AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 Kion Group AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 JBT Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 Flexlink, Viastore Systems GmbH: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 Crown Equipment Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Toyota Industries Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Hytrol Conveyor Co., Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 24 Intelligrated, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Dematic GmbH & Co., KG.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Columbus McKinnon: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)