Published Date: 2022-05-17
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European Material Handling Equipment Market size is expected to surpass USD 55 billion by 2027, according to a latest forecast report by Graphical Research.
The expanding 3PL industry in Europe will generate the need for material handling equipment in warehouses and distribution centers. As online shopping has grown in popularity, some organizations are harnessing the benefits of third-party logistics providers to meet the rising customer demand. This will push 3PL service providers to improve their warehouse & storage facilities to ensure that shipments are delivered in a timely manner. Material handling equipment assist in effectively loading & unloading items from transportation trucks, storing products at extreme levels on racks, and moving products effortlessly within the plant in confined areas. Material handling equipment allow 3PLs to keep the warehouse flowing smoothly and maximize uptime.
The material handling equipment market witnessed a temporary downturn in the first half of 2020 due to the supply chain disruptions induced by rigorous lockdowns imposed by government agencies. The market is expanded in 2020 owing to supportive government initiatives to enhance digitization in various industries, thereby prompting the use of strong material handling solutions. The pharmaceutical industry expansion increases the need for material handling equipment to store vaccines & medicines in large warehouses.
Increasing automation across the industrial sector and the advent of Industry 4.0 are helping the material handling equipment market to grow as these industries are using robotics to boost productivity. Governments are introducing projects aimed at creating digital technologies to transform manufacturing plants. For instance, in September 2020, the UK Government funded USD 167.6 million in the second stage of Manufacturing Made Smarter. This helped manufacturing lines become more efficient, dynamic, productive, and resilient through the application of Industrial Digital Technologies (IDTs). This also boosted the adoption of robotics solutions that can automate several processes in the factory, thereby maximizing productivity.
Browse detailed statistical insights from the report, “Europe Material Handling Equipment Market Forecast 2027 By Type (Manufacturer, Distributor), By Product (Storage & Handling Equipment [Racks, Stacking Frames, Shelves, Bins & Drawers, Mezzanines], Industrial Trucks [Automated Guided Vehicles (AGVs), Hand, Platform & Pallet Trucks, Order Pickers, Pallet Jacks, Side-loaders, Walkie Stackers], Bulk Material Handling Equipment [Conveyor Belts, Stackers, Reclaimers, Elevators], Robotics, Automated Storage & Retrieval System (AS/RS) [Unit-load AS/RS, Mini-load AS/RS]), By Application (3PL, E-commerce, Manufacturing [Durable, Non-durable], General Merchandise, Food & Beverages, Food Retail, Pharmaceutical/Healthcare), Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/2114/europe-material-handling-equipment-market
The expanding e-commerce sector in Europe is supporting the market demand for advanced material handling equipment that enable less labor-intensive workflows. According to Eurostat, 74% of internet users in the EU shopped online in 2021. In response to the surge in individual orders, e-commerce companies, such as Amazon and eBay, are deploying Automated Guided Vehicles (AGV) to take items off the line before they enter bulk packaging. The precision approach and autonomous operations of receiving & pick-up stations are facilitated by laser navigation. The camera-based vision of AGVs, which is supplemented by LiDAR sensors and computer systems, aids in assuring correct navigation throughout manufacturing facilities and warehouses.
The material handling equipment market share of distributors is increasing in Europe as they sell products with additional processing, customization, and services to end users. They have higher expertise & knowledge and provide value-added services to customers. Distributors offer global technical support and various after-sales services to ensure smooth material handling equipment operations. Distributors assist in the programming, designing, testing, and commissioning of material handling equipment. They may further sell systems directly or through a network of approved partners to various industries. Distributors provide a comprehensive portfolio of installation & maintenance services to enable the smooth functioning of equipment.
The European material handling equipment market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2016 to 2027 for the following segments:
Europe Market, By Product
Europe Market, By Application
Europe Market, By Type
The above information has been provided for the following countries:
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