Material Handling Equipment Market In Europe Forecast with Potential Impact Finds FMI 2022 - 2032

According to Future Market Insights research, during the projected period, the global Material Handling Equipment market is set to enjoy a valuation of US$ 213.35 Bn in 2022. According to the FMI analysis, the global Material Handling Equipment market is anticipated to register a CAGR of 5.7% during 2022-2032.

The demand for material handling equipment is primarily driven by the growing e-commerce industries and increasing automation in the logistics sectors. The top 5 key players in the global Material Handling Equipment market are Liebherr Group, KION Group AG, Jungheinrich AG, Viastore Systems GmbH, Eisenmann AG., etc.

A new forecast by FMI analysis estimates that Material Handling Equipment sales will augment during 2022-2032 and is anticipated to create a growth opportunity of US$ 158.05 Bn. This growth opportunity I owing to the booming industrial sectors worldwide which are demanding a surge in material-handling equipment.

The growing industrial and factory automation with increasing technology and process automation is projected to create a growth opportunity for the global Material Handling Equipment market during the forecast period. Manufacturers, factory owners and industry personnel are more concentrated on minimizing the hard work and process timing of movement of goods and products and transportation.

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The rise in sectors like transportation, agriculture, courier facility, shipping and machinery industry is fueling the surge in demand for the worldwide market Material Handling Equipment.

Competitive Landscape

The key players operating in the global market are focusing on expanding their capacities and resources to meet the growing demand for Material Handling Equipment by establishing new plants in the targeted market. Also, the key players are adopting collaboration & joint venture strategies to increase their presence and resources.

Some of the key developments are–For instance, In March 2021, Aarekies Brienz AG, based in Brienz, Switzerland, acquired an industrial truck called ‘LH 60 M Port Litronic’ from Liebherr Group. Organizations can use the product to efficiently manage common shipments and large items.

North America Continue Dominance in the Global Material Handling Equipment Market

Expanding E-commerce Business to Fuel the Market Growth in the Region

The market for material handling equipment in North America is anticipated to hold the highest market share in 2022 at 27.3%. The North American region is expected to experience rapid growth between 2022 and 2032.

due to the e-commerce industry’s importance to the region’s expanding sales. The increased demand for both durable and non-durable goods is driving growth in the global market for material handling equipment. Additionally, the market for material handling equipment is being driven forward by the adoption of automated warehousing techniques across North America.

Growth of the Material Handling Equipment Market in Asia-Pacific stand

Rapid Adoption of E-Commerce Services in the Region to Fuel the Market Growth

In 2022, the Asia-Pacific market for material handling equipment is anticipated to reach a sizeable market share of 21%, and it is anticipated that this trend will continue throughout the forecast period.

The Asia Pacific region is expected to experience significant growth between 2022 and 2032. China and India, for example, are likely to offer a wide range of opportunities, assisting OEMs in extending their end-user markets.

Regional market growth will be significantly influenced by the pandemic’s rapid e-commerce service adoption, which favoured equipment purchases.

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