Material Handling Equipment Market Size, Share, & Trends Analysis Report By Products (Industrial Trucks, Automated Storage & Retrieval System), 2019-2

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Report Overview

The global material handling equipment market size was USD 26.62 billion in 2018 and is expected to expand at a CAGR of 6.8% over the forecast period. Rising demand for incorporation of automation and modernization in manufacturing processes, expansion of the aviation industry and e-commerce industry, and demand for transparency in supply chain and flexibility in warehouse operations are some of the factors expected to drive the growth.

Material handling equipment is used in warehouses for managing the storage and transportation of goods and products. It ensures improved productivity by enhancing logistics at warehouses and manufacturing plants. These products offer cost-effective, process efficiency, and an accurate method for the swift transition of goods across the manufacturing plants and warehouses, resulting in increased demand.

Material handling is a crucial intermediary in the manufacturing sector. Although it does not directly contribute to the production of goods, it leads to efficiency in handling, managing, storing, and transporting goods. This equipment complements the production activity by ensuring a swift, smooth, and efficient circulation of goods thereby, resulting in the increased demand for the equipment over the forecast period.

Rise in industrial and infrastructural activities to fulfill the demand from the ever-growing population, is anticipated to bode well for market growth. Manufacturing and other industries incessantly attract huge amounts of foreign capital, thus augmenting the production activities. Governments across the world are increasing their infrastructural development to build new airports, rail networks, seaports, and power plants, and upgrade the prevailing ones. All these activities are simplified by using material handling equipment such as forklifts, conveyors, and Automated Guided Vehicles (AGVs).

Rising employer inclination towards employee or worker safety is also expected to fuel the growth of the material handling market. Thus, owing to the rise in industrial activities, industrialists have become more responsible for worker and workplace safety to maintain their goodwill in the market. As more companies are inclining toward automation to sustain the competition, encourage efficiency in the warehouse, and cut down costs, they are striving to build a safer working environment for employees. Thus, improving working and safety conditions is an integral part of their industrial activities, which is expected to remain a major growth avenue for this market.

Industrial exhibition

We actively participate in promotional and trade exchange activities, in the long-term development process, the company has established long-term and good cooperative partnership with excellent product quality, good product performance, leading technology advantage and many large domestic logistics handling and lifting equipment factories, we also warmly welcome domestic and foreign customers to our investigation, visit and Technical Exchange!

Drum Handling Equipment Market – Detailed analysis of current Industry figures with forecasts growth by 2026 | Vestil, Wesco,

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Drum Handling Equipment Market Scenario 2020-2026:

The Global Drum Handling Equipment market exhibits comprehensive information that is a valuable source of insightful data for business strategists during the decade 2014-2026. On the basis of historical data, Drum Handling Equipment market report provides key segments and their sub-segments, revenue and demand & supply data. Considering technological breakthroughs of the market Drum Handling Equipment industry is likely to appear as a commendable platform for emerging Drum Handling Equipment market investors.

This Drum Handling Equipment Market Report covers the manufacturer's data, including shipment, price, revenue, gross profit, interview record, business distribution, etc., these data help the consumer know about the competitors better.

The complete value chain and downstream and upstream essentials are scrutinized in this report. Essential trends like globalization, growth progress boost fragmentation regulation & ecological concerns. This Market report covers technical data, manufacturing plants analysis, and raw material sources analysis of Drum Handling Equipment Industry as well as explains which product has the highest penetration, their profit margins, and R&D status. The report makes future projections based on the analysis of the subdivision of the market which includes the global market size by product category, end-user application, and various regions.

Topmost Leading Manufacturer Covered in this report: Vestil, Wesco, Beacon Industries, METO Systems, Valley Craft Industries, East West Engineering, Drum Runner, Ruger Industries (David Round Company), KIJEKA Engineers, Flexicon Corporation, Wuxi Tongyang Machinery

Product Segment Analysis: Manual Drum Handling Equipment, Automatic Drum Handling Equipment

Application Segment Analysis:

Food, Chemicals, Nutraceuticals, Pharmaceutical, Industrial Application

Regional Analysis For Drum Handling Equipment Market

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Synopsis:

The market research report consists of extensive primary research, as well as an in-depth analysis of the qualitative and quantitative aspects by various industry specialists and professionals, to gain a deeper insight into the market and the overall landscape.

The objectives of the report are:

- To analyze and forecast the market size of Drum Handling Equipment Industry in the global market.

- To study the global key players, SWOT analysis, value and global market share for leading players.

- To determine, explain and forecast the market by type, end use, and region.

- To analyze the market potential and advantage, opportunity and challenge, restraints and risks of global key regions.

- To find out significant trends and factors driving or restraining the market growth.

- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

- To critically analyze each submarket in terms of individual growth trend and their contribution to the market.

- To understand competitive developments such as agreements, expansions, new product launches, and possessions in the market.

- To strategically outline the key players and comprehensively analyze their growth strategies.

At last, the study gives out details about the major challenges that are going to impact market growth. They also report provides comprehensive details about the business opportunities to key stakeholders to grow their business and raise revenues in the precise verticals. The report will aid the company’s existing or intend to join in this market to analyze the various aspects of this domain before investing or expanding their business in the Drum Handling Equipment markets.