Material Handling Equipment Market statistics and research analysis released in latest report

Reports estimate that the global material handling equipment market will continue to garner momentum over the next few years, between 2021-2027, with rapid expansion of manufacturing and industrial sectors. The proliferation of ecommerce will further augment the market trends in the forthcoming years.
Based on the product, the market is bifurcated into storage and handling equipment, bulk material handling equipment, automated storage and retrieval systems (AS/RS), robotics, and industrial trucks, among others. Among these, storage and handling equipment is slated to witness a substantial demand across the world through 2027.
The manufacturing sector will likely account for majority of this demand due to growing need to boost production efficiency. Storage and handling equipment enables efficient storage of raw materials during production as well as the finished goods post production. The segment includes products such as racks, shelves, bins, drawers, stacking frames, and mezzanines.
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In terms of the applications, the market is segmented into manufacturing, ecommerce, food retail, food & beverage processing, pharmaceutical & healthcare, general merchandise, and 3PL. It is estimated that the demand for material handling equipment across food and beverage processing applications will increase rapidly over the timeframe.
The food and beverage sector is experiencing rapid growth worldwide due to increasing population and subsequently rising food demand. The expansion of food processing facilities worldwide will certainly create a demand for robust material handling machinery and equipment that can be employed in tough industrial environments.
On the basis of type, the industry is classified into manufacturer and distributor. The distributor segment is expected to record notable growth in the future. Numerous manufacturers are looking to distribute their product offerings via third party resellers in order to broaden their market reach.
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Considering the regional landscape, the market for material handling equipment in North America is projected to record commendable growth. The regional growth will be mainly propelled by the widespread adoption of ecommerce platforms. The expanding ecommerce sector in the region is encouraging online retailers to implement sophisticated machinery and equipment in manufacturing facilities and warehouses for efficient material handling.
The regional manufacturers are working on designing innovative solutions that can meet the specific requirements of the end-use industry. Recently in March 2021 for instance, Packline Materials Handling in collaboration with Ultrasource LLC had launched a new roll handling equipment designed to handle heavy rolls of foil or film with a core diameter of 6 inches or more.
The equipment features a roll ejector mechanism and is specifically designed for the food and pharmaceutical industries. It can lift and transport rolls from the pallet to the processing or packaging machine automatically, completely eliminating the need for manual handling.