Material Handling Equipment Market Worth $350.21 Billion By 2030

Material Handling Equipment Market Growth & Trends

Material Handling Equipment Market Report Highlights

  • By product, cranes and lifting equipment accounted for over 35.0% share of the global revenue in 2021 owing to its increased penetration across various end-use industries such as construction, manufacturing, and semiconductor and electronics
  • The e-commerce application segment accounted for the largest revenue share of over 20.0% in 2021 owing to factors such as increased penetration of online shopping platforms, the existence of large online merchants, and rising logistics infrastructure
  • The Asia Pacific region accounted for the largest revenue share of over 35.0% in 2021 owing to the growing food retail sector in Asia Pacific which increases the efficiency and speed of the picking and sorting processes
  • Latin America is estimated to register a CAGR of 6.0% over the forecast period owing to the increasing investments in various end-use industries such as automotive, e-commerce, and food and beverages
  • Manufacturers of material handling equipment adopt several strategies, including acquisitions, mergers, joint ventures, new product developments, and geographical expansions, to enhance their market penetration

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Rajesh Varma

Hello guys I am Market Research Analyst @ Grand View Research, preparing and publish research report on Technology, Next Generation Technologies