The material handling equipment industry plays a vital role in the smooth operation of various sectors such as manufacturing, logistics, and construction. Understanding the statistics and trends within this industry is crucial for businesses looking to optimize their operations and make informed decisions. In this blog post, we will explore key statistics and insights that shed light on the current landscape of the material handling equipment industry.
The Latest Material Handling Equipment Industry Statistics Explained
Material handling equipment distribution market size was valued at USD 140 billion in 2018.
The statistic indicates that the total market size for material handling equipment distribution was estimated to be USD 140 billion in the year 2018. This figure signifies the combined value of all the sales within this industry, encompassing equipment like forklifts, conveyors, automated storage and retrieval systems, and other related products. The market size is a key metric used to assess the overall health and potential for growth within the material handling equipment distribution sector, providing insights into the scale, scope, and economic significance of this industry.
As per the report by Fortune Business Insights, the global material handling equipment market size was USD 211.18 billion in 2019.
The statistic indicates that, according to the report by Fortune Business Insights, the total value of the global material handling equipment market was estimated to be USD 211.18 billion in the year 2019. This figure represents the combined value of all material handling equipment sold and utilized worldwide during that time period, encompassing various types of machinery and tools used for the movement, storage, control, and protection of materials in manufacturing, distribution, and logistics operations. This information provides a snapshot of the significant economic scale and importance of the material handling equipment industry on a global level as of 2019.
Material handling equipment industry is expected to grow at a CAGR of 5.5% from 2020 to 2027.
This statistic indicates that the material handling equipment industry is projected to experience a Compound Annual Growth Rate (CAGR) of 5.5% from the year 2020 to 2027. This growth rate represents the annualized rate of return that an investment in the industry is expected to achieve over the specified time period. A CAGR of 5.5% suggests a steady and moderate growth trajectory for the industry, signaling potential expansion and increasing market demand for material handling equipment during this timeframe. This statistic provides valuable insight for industry stakeholders, investors, and policymakers to make informed decisions and strategic plans based on the anticipated growth trend in the material handling equipment sector.
Asia-Pacific held the largest share in the global material handling market in 2018.
The statistic “Asia-Pacific held the largest share in the global material handling market in 2018” indicates that the Asia-Pacific region had the highest market presence and influence in the field of material handling compared to other regions around the world during that year. This points to the significant contribution of Asia-Pacific countries, such as China, Japan, and India, towards the overall market activities and growth in the material handling industry. The dominance of Asia-Pacific in the global market suggests a strong demand for material handling equipment and technology in the region, potentially driven by factors such as industrial expansions, economic growth, and advancements in supply chain management.
The e-commerce industry is the fastest-growing sector in the material handling equipment market.
The statement that the e-commerce industry is the fastest-growing sector in the material handling equipment market indicates that there has been a significant increase in demand for material handling equipment from e-commerce businesses compared to other sectors. This growth can be attributed to several factors, including the rise of online shopping, the need to streamline and automate warehouse operations, and the increasing popularity of same-day or next-day delivery services. The statistic suggests that companies operating in the material handling equipment market should pay close attention to the e-commerce sector as a key driver of growth and market opportunities.
Global material handling equipment market is dominated primarily by five companies: Daifuku, Schaefer, KION, Murata Machinery, and Hyster-Yale Materials Handling.
The statistic indicates that the global material handling equipment market is heavily concentrated among five major companies, namely Daifuku, Schaefer, KION, Murata Machinery, and Hyster-Yale Materials Handling. These companies are the dominant players in the industry and wield significant influence over market dynamics. Their large market shares suggest that they have established strong competitive positions, likely due to factors such as technological advancements, established reputations, and extensive distribution networks. As key players in the material handling equipment sector, these companies are likely to drive the direction and growth of the market through their innovative products, strategic partnerships, and market expansion initiatives.
Automated guided vehicles are expected to be the fastest growing category in the material handling equipment market.
The statistic indicates that automated guided vehicles (AGVs) are projected to experience the highest rate of growth within the material handling equipment market. This suggests that there is a significant increase in the adoption and implementation of AGVs within various industries for material handling purposes. The burgeoning demand for AGVs can be attributed to their ability to enhance operational efficiency, reduce labor costs, and improve overall safety in material handling processes. As technology continues to advance and as companies seek to optimize their logistics and supply chain operations, AGVs are becoming a preferred choice for automating and streamlining material handling activities, making them the fastest growing category in the market.
Growing automation of industrial processes is fueling demand for automated storage and retrieval systems in material handling.
The statistic indicates a rising trend in the implementation of automated storage and retrieval systems in material handling within industrial processes. This increase can be attributed to the growing adoption of automation technologies in manufacturing and logistics sectors, which have been spurred by advancements in robotics and artificial intelligence. By utilizing automated storage and retrieval systems, companies can streamline their operations, improve efficiency, and reduce labor costs. The data suggests that businesses are recognizing the benefits of automation in material handling, leading to a higher demand for these systems to enhance their productivity and competitiveness in the evolving industrial landscape.
North America held a market size of $22 billion in material handling equipment in 2016.
The statistic that North America held a market size of $22 billion in material handling equipment in 2016 indicates the total value of all material handling equipment bought and sold in the region during that year. This figure is crucial for understanding the economic significance of the material handling equipment industry within North America. It highlights the scale of investment and demand for equipment such as forklifts, conveyor systems, packaging machinery, and automated solutions in industries like manufacturing, logistics, and warehousing. The market size reflects the overall business activity and opportunities in the material handling sector, serving as a key indicator for industry analysts, policymakers, and businesses looking to assess market potential and trends within this sector.
The European material handling equipment market size was valued at over USD 15 billion in 2017.
The statistic indicates that the European material handling equipment market had a total worth exceeding USD 15 billion in the year 2017. This value reflects the total revenue generated by sales of various types of material handling equipment within the European market during that year. It suggests a significant level of economic activity within this sector, showcasing the demand for equipment such as forklifts, conveyors, storage and handling systems, and other related products. This statistic serves as a key indicator of the market’s size and importance in the overall industrial landscape, highlighting the potential opportunities and competition present for manufacturers, suppliers, and other stakeholders in the material handling equipment industry.
The automated material handling equipment industry size in Mexico is expected to grow from USD 675 Million in 2016 to USD 1,450 Million by 2024.
The statistic indicates that the automated material handling equipment industry in Mexico is projected to experience substantial growth over the specified timeframe. Specifically, the industry size is forecasted to more than double from USD 675 million in 2016 to USD 1,450 million by 2024. This growth trend suggests a significant increase in demand for automated material handling equipment within the Mexican market, likely driven by factors such as technological advancements, increasing manufacturing activities, and a focus on enhancing operational efficiency and productivity in various industries. As a result, industry players and stakeholders operating in this sector may anticipate promising opportunities and market expansion in Mexico in the coming years.
The industrial trucks segment held the largest market share in the material handling equipment industry in 2019.
The statistic “The industrial trucks segment held the largest market share in the material handling equipment industry in 2019” indicates that among all the different types of material handling equipment, such as forklifts, pallet jacks, and cranes, the category of industrial trucks accounted for the highest proportion of sales or revenue in 2019. This suggests that industrial trucks were the most popular and in-demand type of equipment within the industry during that year. Factors contributing to this could include the widespread use of industrial trucks across various sectors like manufacturing, warehousing, and logistics, as well as the versatility and efficiency they offer in moving and transporting heavy loads within confined spaces.
An estimated 20% of all global CO2 emissions are caused by industry and material handling activities.
The statistic indicates that approximately 20% of the total global carbon dioxide (CO2) emissions can be attributed to industrial and material handling activities. This suggests that a significant portion of the carbon emissions contributing to climate change and global warming are generated by processes such as manufacturing, energy production, and transportation of materials. The impact of industrial activities on the environment is substantial, highlighting the importance of implementing sustainable practices, increasing energy efficiency, and transitioning towards cleaner technologies to reduce carbon emissions and mitigate global climate change.
The e-commerce industry’s growth will likely cause an influx of $44.7 billion by 2027 to the material handling equipment market.
This statistic suggests that the rapid expansion of the e-commerce industry is expected to have a significant impact on the material handling equipment market, with an influx of $44.7 billion projected by 2027. As e-commerce continues to grow globally, there will be a higher demand for efficient and automated handling of goods in warehouses and distribution centers to meet the increasing volume of online orders. This influx of investment highlights the industry’s recognition of the need for advanced technology and equipment to streamline operations and improve efficiency in logistics and supply chain management within the e-commerce sector.
The adoption of automated industrial trucks is projected to grow at a CAGR of 14% by 2022.
This statistic indicates that the adoption of automated industrial trucks is expected to increase rapidly over the next few years. The compound annual growth rate (CAGR) of 14% suggests a consistent and strong rate of growth in the deployment of automated industrial trucks up to the year 2022. This growth projection likely reflects the increasing demand for automation and efficiency in industrial operations, driving companies to invest in automated technologies like industrial trucks to streamline processes and improve productivity. The statistic implies that the market for automated industrial trucks is expected to expand significantly in the near future, offering opportunities for manufacturers, suppliers, and end-users in various industries.
The demand for electrically-powered material handling equipment is set to witness a growth rate of over 6% from 2018 to 2024.
The statistic “The demand for electrically-powered material handling equipment is set to witness a growth rate of over 6% from 2018 to 2024” signifies a notable increase in the market demand for electrically-powered material handling equipment over the specified timeframe. This growth rate of over 6% indicates a positive trajectory in the adoption and utilization of such equipment in various industries. The upward trend in demand suggests a shift towards more sustainable and efficient solutions for material handling, likely driven by factors such as increasing focus on environmental sustainability, technological advancements, and improving efficiency in logistics and supply chain operations. This forecasted growth rate can have significant implications for manufacturers, distributors, and users of electrically-powered material handling equipment, highlighting the importance of staying abreast of industry trends and developments to capitalize on emerging opportunities in the market.
Global e-commerce sales reached $3.5 trillion in 2019, driving the demand for material handling equipment in warehouses.
The statistic indicates that in 2019, the total value of e-commerce sales worldwide amounted to $3.5 trillion. This significant amount demonstrates the substantial growth and importance of online shopping on a global scale. As e-commerce sales continue to rise, there is a consequent increase in the demand for material handling equipment in warehouses to facilitate the storage, handling, and distribution of products purchased online. This trend highlights the direct impact of e-commerce on the logistics and supply chain industry, emphasizing the need for efficient and robust infrastructure to support the growing demands of online retail.
Conclusion
The statistics presented clearly showcase the growth and importance of the Material Handling Equipment industry. With increasing technological advancements, evolving consumer demands, and the need for efficient logistics solutions, the industry is set to witness further expansion in the coming years. These statistics serve as valuable insights for industry professionals, researchers, and stakeholders to make informed decisions and strategies for the future.
References
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4. – https://www.www.globenewswire.com
5. – https://www.www.marketsandmarkets.com
6. – https://www.www.alliedmarketresearch.com
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