Global Material Handling Equipment Market to Reach $164.1 Billion by 2026

SAN FRANCISCO, May 13, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Material Handling Equipment - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 15; Released: May 2021
Executive Engagements: 31502
Companies: 700– Players covered include BEUMER Group GmbH & Co. KG; Columbus McKinnon Corp.; Crown Equipment Corp.; Daifuku Co., Ltd.; Jervis B. Webb Company; Eisenmann SE; Flexlink AB; Honeywell Intelligrated; Hyster-Yale Materials Handling, Inc.; Hytrol Conveyor Co., Inc.; Interroll Group; Jungheinrich AG; KION Group AG; Dematic Group; Liebherr Group; Mitsubishi Caterpillar Forklift America Inc.; Murata Machinery, Ltd.; SSI Schaefer - Fritz Schaefer GmbH; Swisslog Holding AG; Toyota Industries Corp.; Vanderlande Industries Nederland B.V.; Viastore Systems GmbH; WITRON Logistik + Informatik GmbH and Others.
Coverage: All major geographies and key segments
Segments: Segment (Conveying Equipment, Industrial Trucks & Lifts, Hoists Cranes & Monorails, Automated Storage & Retrieval Systems, and Other Segments); and Application (Third-Party Logistics, E-Commerce & General Merchandise, F&B Manufacturing & Retail, Consumer Durables, and Other Applications)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-
Global Material Handling Equipment Market to Reach $164.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Material Handling Equipment estimated at US$125.7 Billion in the year 2020, is projected to reach a revised size of US$164.1 Billion by the year 2026, growing at a CAGR of 4.5% over the analysis period. Conveying Equipment, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$50.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial Trucks & Lifts segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $34 Billion in 2021, While China is Forecast to Reach $32.1 Billion by 2026
The Material Handling Equipment market in the U.S. is estimated at $34 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$32.1 Billion by the year 2026 trailing a CAGR of 6.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Hoists, Cranes, & Monorails Segment to Reach $21.7 Billion by 2026
In the global Hoists, Cranes, & Monorails segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.4 Billion in the year 2020 will reach a projected size of US$16.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.7 Billion by the year 2027, while Latin America will expand at a 4.5% CAGR through the analysis period. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com 
Email: [email protected] 

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