Global Material Handling Equipment Market is expected to reach USD 41.1 billion by 2025, according to a new report conducted by Grand View Research, Inc. The rise in manufacturing activities in the automotive, pharmaceutical, chemical, and food & beverage industries is projected to spur demand. The growing concerns for workplace safety are expected to remain a key driver.
The global material handling equipment market is anticipated to witness a high growth over the forecast period. This is accredited to the use of technologically advanced products, such as hydraulic components which are incorporated into this equipment. Furthermore, the integration of telematics solutions & tracking sensors into these products is expected to gain traction in the near future, thereby fuelling the equipment sales. The rising espousal of automated storage and retrieval systems is expected to further catapult the equipment market growth over the next nine years.
Access for full Detail of Report and Complete TOC: http://www.grandviewresearch.com/industry-analysis/materials-handling-equipment-market
Further key findings from the report suggest:
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Grand View Research has segmented the global material handling equipment market on the basis of product, end-use, and region:
Material Handling Equipment Product Outlook (Revenue, USD Billion; 2014 – 2025)
Material Handling Equipment End-Use Outlook (Revenue, USD Billion; 2014 – 2025)
Material Handling Equipment Regional Outlook (Revenue, USD Billion; 2014 – 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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