The global Material Handling Equipment (MHE) market reached a value of about USD 41 billion in 2021. The industry is projected to grow at a CAGR of around 3% in the forecast period of 2022-2027 to reach a value of about USD 50 billion by 2027.
The global Material Handling Equipment (MHE) industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing use of the equipment for industrial operations is driving the market growth. Europe, the Middle East, and Africa are the highest category spender by region, driving the demand for the Material Handling Equipment (MHE) industry.
Material handling equipment (MHE) is mechanical machinery that moves, stores, controls, and protects materials, commodities, and products during the manufacturing, distribution, consumption, and disposal processes. Forklifts, shelf pickers, motorised pallet jacks (hand trucks), tractors, and other specialised industrial trucks are driven by electric motors, or internal combustion engines are all types of materials handling equipment. The Material Handling Equipment (MHE) industry report comprises segments by type (Unit Handling, Bulk Handling, Belting, Parts, and Attachments), by equipment (Stackers & Reclaimer, Conveyor system, Others), and by region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
Europe, the Middle East and Africa are the major regions contributing to the industry significantly. In Europe, increased usage of automation solutions and significant government funding to stimulate the use of sophisticated platforms are credited for the market's growth. Several industries in Europe provide sales prospects, ranging from food and beverage to electronics production. Market expansion will be aided by adopting innovative goods to support a large-scale industrial presence in the area. In addition, innovative solutions are increasingly being introduced in the region to ensure smooth and effective operations.
The market is driven by the growing requirement for global manufacturing organisations to automate processes and promote effective product movement. The need for mine material handling equipment might be fueled by rising mineral output growth rates and predicted increases in exploration activities and mine automation. Due to the plunge in commodity prices and volatility in demand, mining corporations have been pushed to automate their mines to increase profit margins and cost savings, resulting in increased use of MHE. To ensure prompt delivery of MHE equipment, e-commerce businesses are working on expanding their distribution networks and warehouses. Material handling equipment will be in high demand, allowing for more efficient storage and transportation of commodities in a system. Factors like improved investment in the construction and industrial sectors, rising consumer expenditure on non-durable and durable goods, increased fixed investment spending, and expanded global mining operations contribute to market growth.
The global Material Handling Equipment (MHE) industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Material Handling Equipment (MHE) regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
material handling is a term derived from material handling techniques that refers to the use of various forms of automation to assist people in a manufacturing facility in transporting products under construction between assembly stations or finished items to storage facilities. With the development of technology, machines took over these jobs, resulting in a market for automated material handling. This equipment helps to ensure that goods are circulated swiftly, smoothly, and efficiently during the production process.
The industry is being propelled by the increased need for automation and modernisation in industrial methods to turn the manufacturing process easier and more cost-effective. The replacement of old gear with modern automated systems and robotics and the rising industrial shift towards artificial intelligence and Business 4.0 is furthering the MHE industry. The automation of mines is a crucial development predicted to impact MHE. Due to unpredictable commodity demand, mining and construction companies are increasingly striving to reduce costs. Also, AS/RS has emerged as one of the most dynamic materials handling equipment options. They're primarily used in distribution centres and warehouses, resulting in the market's expansion.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Material handling equipment is a highly consolidated market characterised by fierce rivalry. Vendors plan to use organic and inorganic ways to maintain the competition as an effective growth strategy. Key suppliers are also focusing on mergers and acquisitions to expand their geographic reach and boost their market presence. Original equipment manufacturers deliver their solutions through physical storefronts and online platforms to enhance sales and market share. To confirm the validity of the devices, consumers prefer direct sales methods.
1. Executive Summary
2. Material Handling Equipment (MHE) Market Snapshot
2.1. Material Handling Equipment (MHE) Market Outlook
2.2. Material Handling Equipment (MHE) Industry Analysis, By Type
2.2.1. Unit Handling
2.2.2. Bulk Handling
2.2.4. Parts and Attachments
2.3. Material Handling Equipment (MHE) Industry Analysis, By Equipment
2.3.1. Stackers & Reclaimer
2.3.2. Conveyor system
2.4. Regional Overview
2.4.1. North America
2.4.3. Asia Pacific
2.4.4. Latin America
2.4.5. Middle East & Africa
3. Impact of Recent Events
4. Material Handling Equipment (MHE) Value Chain Analysis
5. Material Handling Equipment (MHE) Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Material Handling Equipment (MHE) Cost Structure
9. Material Handling Equipment (MHE) Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Material Handling Equipment (MHE) Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. Swot Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New Entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. FLSmidt A/S
14.2. Metso Outotec Oyj
14.3. ThyssenKrupp AG
14.4. Elecon Engineering Company Limited
14.5. Groupe Michelin (Fenner Dunlop)
The global Material Handling Equipment (MHE) market size was valued at USD 41 billion in 2021.
As per the equipment provided, the Stackers & Reclaimer segment is anticipated to lead the market between 2022 and 2027.
The significant demand for automation in industries is one of the essential drivers of the Material Handling Equipment (MHE) market growth.
FLSmidt A/S, Metso Outotec Corporation, ThyssenKrupp AG, Elecon Engineering Company Limited, and Groupe Michelin are some of the leading players in the market.
Europe, the Middle East, and Africa region of the Material Handling Equipment (MHE) industry holds a significant share in the market.
The global Material Handling Equipment (MHE) market attained a value of USD 41 billion in 2021, driven by the growing requirement for international manufacturing organisations to automate processes and promote effective product movement. Aided by the increasing technological advancements, the replacement of old gear with modern automated systems and robotics, rising industrial shift towards artificial intelligence and Business 4.0, AS/RS the market is estimated to observe further growth in the forecast period of 2022-2027, growing at a CAGR of 3%. The market is predicted to reach USD 50 billion by 2027. Some of the leading players in the industry are FLSmidt A/S, Metso Outotec Corporation, ThyssenKrupp AG, Elecon Engineering Company Limited, and Groupe Michelin.
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