#MaterialHandlingEquipmentMarket

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Material Handling Equipment Market Size Worth $41.1 Billion By 2025

The global material handling equipment market is expected to reach USD 41.1 billion by 2025, according to a new report conducted by Grand View Research, Inc. The rise in manufacturing activities in the automotive, pharmaceutical, chemical, and food & beverage industries is projected to spur demand. The growing concerns for workplace safety are expected to remain a key driver.

The global material handling equipment market is anticipated to witness a high growth over the forecast period. This is accredited to the use of technologically advanced products, such as hydraulic components which are incorporated into this equipment. Furthermore, the integration of telematics solutions & tracking sensors into these products is expected to gain traction in the near future, thereby fueling the equipment sales. The rising espousal of automated storage and retrieval systems is expected to further catapult the equipment market growth over the next nine years.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/materials-handling-equipment-market

Further key findings from the report suggest:

Automated     storage & retrieval systems segment captured over 25% of the total     revenue in 2015 and is projected to exhibit a significant growth at a CAGR     of over 6.9% from 2016 to 2025. This growth is attributed to the surging     espousal of automated equipment in warehouses and manufacturing centers

On account     of the wide scope of applications, these products aid in moving,     protecting, and storing goods in warehouses. The e-commerce segment is     expected to gain prominence over the forecast period with an estimated     CAGR exceeding 10.0%.

Asia Pacific     emerged as the fastest growing market and is expected to witness a healthy     CAGR of over 7%, which is primarily due to the rising manufacturing     activities in the developing countries of this region

The key     purveyors in this industry comprise Daifuku,SSI Schaefer,BEUMER Group,     Kion Group (Dematic), and Swisslog AG.

See More Reports of This Category: https://www.grandviewresearch.com/industry/automotive-and-transportation

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.