The global Material
Handling Equipment (MHE) market is
experiencing robust growth, propelled by the surge in e-commerce, advancements
in automation, and the integration of Industry 4.0 technologies. These
factors are reshaping logistics, warehousing, and manufacturing processes
worldwide. This market has undergone a technological boom, from
conveyor belts to driverless forklifts. As the usage of robots grows, more
automation will be used across the supply chain. This automation will
significantly influence many parts of the supply chain, including personnel and
warehouse management strategies as well as quick processing.
The Material Handling Equipment industry is projected to
grow from USD 2,27,468.8 Million in 2024 to USD 3,37,998.7 Million by 2032,
exhibiting a compound annual growth rate (CAGR) of 5.07% during the forecast
period (2024 - 2032).
DROC Analysis
Drivers
- E-commerce
Expansion: The rapid growth of online retail necessitates
efficient warehousing and logistics solutions, boosting demand for
advanced MHE .
- Automation
& Industry 4.0: The adoption of automation, robotics, and IoT
in manufacturing and logistics enhances operational efficiency, driving
MHE market growth .
- Infrastructure
Development: Global investments in infrastructure and
construction projects increase the need for material handling solutions
across various sectors .
For In depth Information Get Free Sample
Copy of this Report@
Material Handling Equipment Market Companies Are:
Liebherr Group (Switzerland), KION Group AG (Germany),
Jungheinrich AG (Germany), Viastore Systems GmbH (Germany), Eisenmann AG
(Germany), Columbus McKinnon Corporation (U.S.), Crown Equipment Corporation
(U.S.), Hytrol Conveyor Co., Inc. (U.S.), Xuzhou Heavy Machinery Co., Ltd.
(China) and Toyota Industries Corporation (Japan).
Restraints
- High
Initial Investment: The substantial capital required for
acquiring and implementing advanced MHE can deter small and medium-sized
enterprises .
- Skilled
Labor Shortage: Operating sophisticated MHE requires specialized
skills, and a lack of trained personnel can hinder adoption .
Opportunities
- Emerging
Markets: Developing regions present significant growth
opportunities due to increasing industrialization and the adoption of
modern logistics practices.
- Technological
Innovations: Advancements in AI, machine learning, and robotics
offer new avenues for enhancing MHE capabilities and efficiency .
Challenges
- Maintenance
& Lifecycle Costs: Beyond initial investment, ongoing
maintenance and operational costs can be substantial, affecting the total
cost of ownership .
- Integration
Complexities: Integrating new MHE with existing systems and
processes can be complex and time-consuming, potentially disrupting
operations .
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have
supreme objective to provide the optimum quality market research and
intelligence services to our clients.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
No comments:
Post a Comment