Material Handling Equipment Market to Reach USD 300.21 Billion by 2028 – GlobeNewswire

        <span class="article-published">          <time datetime="2022-01-17T09:09:16Z">January 17, 2022 04:09 ET</time>       </span>        <span class="article-source">          | Source:          <span>                <a href="/en/search/organization/Fortune%2520Business%2520Insights">Fortune Business Insights</a>          </span>                          <span id="pnr-global-follow-button"></span>                </span>      <span>Fortune Business Insights</span>                <br>                     Pune   INDIA                <br>Pune, India, Jan.  17, 2022  (GLOBE NEWSWIRE) -- The global <a href="" rel="nofollow noopener" target="_blank" title=""><u>material handling equipment market size</u></a> was USD 197.48 billion in 2020. The market is projected to grow from USD 206.50 billion in 2021 to <b>USD 300.21 billion in 2028</b> at a CAGR of 5.5% during the 2021-2028 period.<br>This information is provided by Fortune Business Insights™ in its report titled “Material Handling Equipment Market, 2021-2028.”<br>According to our research experts, the global material handling machinery market is observing growth accredited to the aspects such as increasing demand for proficient movement of materials across factory units, constantly growing infrastructural happenings and predisposition of the company towards elevating the prevailing collection of these machineries.<br><b>Request a Sample Copy of Report:</b> <a href="" rel="nofollow noopener" target="_blank" title=""><u></u></a><br><b><u>List of Key Players Covered in the Market Report </u></b><br><b><u>Report Scope &amp; Segmentation</u></b><br><b><u>COVID-19 Impact</u></b><br><b>Industrial Sector Confronts Primary Supply Chain Commotion amid COVID-19 Pandemic</b><br>The extensive impacts of COVID-19 are still resulting in indeterminate development projections, quickly developing financial consequences, and elevated unemployment rates across the globe. The limitations on the movement of the people and goods have interrupted the complete supply chain systems. Additionally, the declined foreign direct funds have adversely affected the industrial, automotive, 3PL logistics, food &amp; beverages and others sectors worldwide.<br><b>To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: </b><a href="" rel="nofollow noopener" target="_blank" title=""><u></u></a><br><b><u>Report Coverage</u></b><br>The report provides in-depth analysis to provide the estimated size of the market. The data used to predict the shares of multiple segments at the regional and global levels is acquired through interviews with industry professionals. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.<br><b><u>Segmentation </u></b><br>On the basis of equipment type, the market is segregated into cranes &amp; lifting equipment, industrial trucks, continuous handling equipment, and racking &amp; storage equipment. The industrial trucks considered in the study involves, forklift trucks, telescopic handler forklifts and others. The segment is projected to display a substantial growth in the upcoming years.<br>Based on operations segment, the market is classified into assembly, distribution, transportation, and others.<br>In terms of industry, the market is divided into consumer goods &amp; electronics, automotive, food &amp; beverages, pharmaceutical, construction, mining, semiconductors, and others.<br>Geographically, the market is branched into North America, Europe, Asia Pacific, the Middle East &amp; Africa, and Latin America. They are further categorized into countries.<br><b><u>Drivers and Restraints</u></b><br><b>Growing E-commerce Sector to Boost Market Growth</b><br>The material handling industry is greatly powered by increasing E-commerce sector across the world. Owing to the growing online shopping, the material handling industry is concentrating on emerging tailored equipment and systems lining up with storerooms and supply chain networks. <br>This comprises manufacturing engineered systems, distantly noticeable transport automobiles, and smart warehousing systems to measure real-time reflectiveness and refined consumer services. This is anticipated to spur the material handling equipment market growth during the forecast period.<br><b>Speak to Our Analyst:</b> <a href="" rel="nofollow noopener" target="_blank" title=""><u></u></a><br><b><u>Regional Insights</u></b><br><b>Asia Pacific to Lead Market Share Led by Expanding Automotive and Manufacturing Sector </b><br>Asia Pacific is anticipated to dominate the global material handling equipment market share in the forecast period by capturing the highest CAGR. The market growth is accredited to the rising demand for automotive and manufacturing equipment.<br>North America is projected to exhibit a considerable growth owing to the rising sales in the region through e-commerce industry.<br>Europe is estimated to confront a reasonable growth during the predicted period. This can be credited to aspects such as the increasing e-commerce industry, along with the implementation of robotic automation in manufacturing units in automotive and other industries.<br /><b><u>Competitive Landscape</u></b><br><b>Prime Players Emphasize on Expansion Tactics to Fortify Market Foothold</b><br>Manufacturers are concentrating on implementing several marketing tactics such as collaboration, and merger and procurement with other logistics solution businesses to obtain a substantial position in terms of complete forte.<br><b><u>Industry Development</u></b><br><b>March, 2021: </b>Liebherr Group delivered a material handler ‘LH 60 M Port Litronic’ to Aarekies Brienz AG, which is headquartered in Brienz, Switzerland. By using the product, the corporation is capable to proficiently administer the general cargo and bulk products.<br><b>Quick Buy - </b><b>Material Handling Equipment Market</b><b> Research Report:</b> <a href="" rel="nofollow noopener" target="_blank" title=""><u></u></a><br><b><u>Major Table of Contents:</u></b><br><a href="" rel="nofollow noopener" target="_blank" title=""><u>TOC Continued…!</u></a><br><b>Ask for Customization of this Report:</b> <a href="" rel="nofollow noopener" target="_blank" title=""><u></u></a><br><b>Have a Look at Related Research Insights:</b><br><a href="" rel="nofollow noopener" target="_blank" title=""><u>Automated Material Handling Equipment Market Size</u></a>, Share &amp; COVID-19 Impact Analysis, By Type (Automated Storage &amp; Retrieval System, Automated Conveyor &amp; Sorting System, Automated Guided Vehicle), By System Load (Unit Load &amp; Bulk Load), By Application (Assembly, Distribution, Transportation), By Industry (Retail &amp; E-commerce, Automotive, Food &amp; Beverages, Pharmaceutical, Semiconductors &amp; Electronics) and Regional Forecast, 2020-2027<br><a href="" rel="nofollow noopener" target="_blank" title=""><u>Baggage Handling System Market Size</u></a>, Share &amp; Industry Analysis, By Type (Destination coded vehicle (DCV), Conveyor), By Technology (Radio-Frequency Identification (RFID), Barcode), By Application (Airport, Railway, Marine), and Regional Forecast, 2020-2027<br><a href="" rel="nofollow noopener" target="_blank" title=""><u>Modular Construction Market Size</u></a>, Share &amp; COVID-19 impact Analysis, By Type (Permanent Modular Construction, and Relocatable Modular Construction), By Application (Commercial, Healthcare, Education &amp; Institutional, Hospitality, and Others), and Regional Forecast, 2021-2028<br><a href="" rel="nofollow noopener" target="_blank" title=""><u>High-efficiency Particulate Air (HEPA) Filters Market Size</u></a>, Share &amp; Industry Analysis, By Application (Air Purifiers, HVAC Filters, Cleanroom Filters, Automotive Filters and Gas Turbine Filters), By End-User (Household, Commercial &amp; Industrial) and Regional Forecast, 2019-2026<br><a href="" rel="nofollow noopener" target="_blank" title=""><u>Construction Equipment Market Size</u></a>, Share &amp; COVID-19 Impact Analysis, By Equipment Type (Earthmoving Equipment, Material Handling Equipment &amp; Cranes, Concrete Equipment, Road Building Equipment, Civil Engineering Equipment, Crushing and Screening Equipment and Other Equipment), By Application (Residential, Commercial &amp; Industrial) and Regional Forecast, 2021-2028<br><b>About Us:</b><br>Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.<br><b>Contact Us:</b><br>Fortune Business Insights™ Pvt. Ltd.<br>308, Supreme Headquarters,<br>Survey No. 36, Baner,<br>Pune-Bangalore Highway,<br>Pune - 411045, Maharashtra, India.<br>Phone:<br>US: +1 424 253 0390<br>UK: +44 2071 939123<br>APAC: +91 744 740 1245<br><b>Email:</b> <a href="" rel="nofollow noopener" target="_blank" title=""><u></u></a><br><b>LinkedIn:</b> <a href="" rel="nofollow noopener" target="_blank" title=""><u></u></a><br><b>Facebook:</b> <a href="" rel="nofollow noopener" target="_blank" title=""><u></u></a><br><b>Read Press Release:</b> <a href="" rel="nofollow noopener" target="_blank" title=""><u></u></a><br><br><a href="">source</a>
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