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Despite the lockdown, there was strong demand for grocery delivery and distribution, which aided the sector's growth. Aside from OEMs, the epidemic has spurred other supply chain organisations to look into solutions that might help them make better decisions by utilising AI to analyse massive amounts of data that they acquire on a regular basis. A combination of data-driven insights and hindsight will aid in the establishment of a strong supply chain supported by technological advances in equipment.
Material Handling Equipment Market Report Scope and Research Methodology:
The research provides an in-depth evaluation of the market as well as key stakeholders in the Material Handling Equipment industry. The Material Handling Equipment Market study includes information on market volume, income, production, and sales. It illustrates the market's history and current position, as well as predicted trends and market size, in vivid detail. The report used numerous research methodologies, such as interviews and surveys, to fully understand client habits.
The SMR report is the outcome of multiple research approaches, including PORTER, PESTLE, and SWOT analysis, as well as a bottom-up approach to estimating Material Handling Equipment market size. In the study, these methodologies were used to shed light on the essential financial components that major firms must consider when recognising competitors and formulating market strategies.
Material Handling Equipment Market Overview:
Stellar Market Research just released the research Material Handling Equipment Market Manufacturers, Regions, Types, Applications, Segments, and Forecast to 2029. The study investigates insights within the framework of the Material Handling Equipment market, such as its ever-changing trends, industrial environment, and other major market components.
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Material Handling Equipment Market Size was valued nearly US$ 26.5 Bn. in 2020. Material Handling Equipment Market size is estimated to grow at a CAGR of 7% & is expected to reach at US$ 46.38 Bn. by 2027.
Material Handling Equipment Market Segmentation:
E-commerce led the material handling equipment market in 2020, accounting for 23.2% of total sales. During the lockdown restrictions, there was an unexpected requirement for distribution and delivery of critical supplies, particularly groceries, which increased market growth. The coronavirus's impact will not be a one-time boost; rather, it will have a long-term impact on industrial demand, providing opportunities for material handling equipment vendors. The demand for material handling equipment in the e-commerce sector is estimated to exceed USD 10.0 billion by 2027.
Aside from the pandemic, the retail industry has always showed tremendous development potential, which is likely to continue in the long run. Because of the convenience of online purchasing, companies have built micro-fulfillment centres to assist speedy product deliveries, increasing the demand for material handling equipment.
In 2020, the automotive category, followed by the e-commerce sector, accounted for a significant revenue share in the material handling equipment market. The segment is estimated to be worth more than USD 5.0 billion by 2027. Automakers like AGVs, or automated guided vehicles, because of the autonomy they provide when executing daily operations.
Material Handling Equipment Market Key Players:
BEUMER Group
Daifuku Co., Ltd.
Honeywell International Inc.
Kion Group AG
Mecalux, S.A
Murata Machinery Ltd.
SSI Schaefer AG
Swisslog Holding AG
Toyota Material Handling Group
Vanderlande Industries B.V
Schaefer Holding International GmbH
Godrej
ACE
Om engineering
Beumer Group GmbH
Kardex AG
viastore systems Inc.
Material Handling Equipment Market Regional Insights:
The market study examines market size, dynamics, and market share in the following regions: North America, Europe, Asia Pacific, South America, the Middle East, and Africa.
Key Questions answered in the Material Handling Equipment Market Report are:
Key Offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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