View original at menafn.com

Global Market Monitor recently published a market research report on Material Handling Equipment, which studied Material Handling Equipment industry outlook, competitive situation, regional market analysis, type & application segment analysis, and market trend forecast by 2026. The global material handling equipment market is expected to reach $28.5 billion by 2025. Europe accounts for the largest market share, accounting for over 30.0%, due to huge investments by governments to adopt innovative solutions, and increasing adoption of automation by multiple players. For example, Toyota Motor Industries has introduced two new automated shuttle solutions in the European market, called Toyota Automated Shuttle and Toyota Wireless Shuttle. These shuttles are pallet transporters that are suitable for moving heavy loads and do not cause damage to the goods. Also, North America is expected to witness significant growth due to the growing demand for automated material handling equipment. Rising awareness among employees regarding the safety, accuracy, and effectiveness of bulk material management, coupled with space utilization and the emergence of integrated Industry 4.0 with IoT is expected to positively impact the regional growth. Material handling equipment is mainly in docks, yards, mines and commercial warehouses and other places for material handling, transportation, lifting, stacking and storage of mechanical equipment. It generally includes cranes, conveyors, loading and unloading machinery, handling vehicles, and storage equipment. Material handling equipment is used in warehouses to manage the storage and transportation of goods and products. It ensures increased productivity by enhancing logistics in warehouses and manufacturing plants. They are cost-effective, process-efficient, and accurate methods for quickly moving goods between manufacturing plants and warehouses. Incorporation of automation and modernization into manufacturing processes, expansion of the aviation and e-commerce industries, and growing demand for supply chain transparency and flexibility in warehouse operations are some of the factors driving growth. Get the complete […]