The global material handling market is anticipated to grow at a CAGR of 6.53% over the forecast period of 2018-2026

LONDON, Sept. 5, 2018 /PRNewswire/ -- KEY FINDINGS
Material handling involves the management of transportation and storage of goods in the warehouses, distribution center, and manufacturing plant. The global material handling market is anticipated to grow at a CAGR of 6.53% over the forecast period of 2018-2026. The market growth can be attributed to factors like growing use of automation for all product segments, rising demand from heavy industries and developing economies, and the various advancements in technology.

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MARKET INSIGHTS
The global material handling equipment market is segmented on the basis of products and applications.The product segment includes industrial trucks, storage handling equipment, overhead material handling equipment, automated material handling equipment, etc.

The application segment for the market is further classified into 3PL (Third Party Logistics), durable manufacturing, E-commerce, food and beverage, food retail and general merchandise.

REGIONAL INSIGHTS
The global material handling equipment market is spread over North America, Latin -America, Europe, Asia-Pacific and the Middle East and Africa.At present, the Asia-Pacific region is dominating the global material handling equipment market and is expected to continue this dominance throughout the forecast period.

The region holds a potential scope for direct foreign investments that are expected to accelerate the market growth in the coming years.

COMPETITIVE INSIGHTS
Some of the leading global market players are Beumer Group Gmbh, Cargotec Oyj, Clark Material Handling Company, Columbus Mckinnon Corporation, Crown Equipment Corporation, Daifuku, Dematic (Acquired By Kion Group), Ssi Schaefer, Vanderlande Industries, Hyster-Yale Materials Handling, Jungheinrich, Kion Group, Toyota Industries, Hanwha Corporation, and TGW Logistics Group Gmbh.

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