The South America material handling market is estimated to grow from US$6.004 billion in 2019 to US$7.645 billion by 2025, at a CAGR of 4.11% over the forecast period. Brazil will witness the fastest growth rate over the forecast period. Rising demand for staples, due to rapid urbanization and population growth in the region is one of the factors boosting the demand for material handling solutions. An increase in labor cost and the upswing in manufacturing and construction activity are other factors contributing to the growth of this market. There has also been significant progress in the pharmaceutical industry due to the aging population and has created the need for more bulk material handling machines for product containment and feeding reactors, thereby providing a great opportunity for material handling vendors. However, the high initial investment will restrain the growth of this industry in the region over the forecast period.
The South America Material Handling Market – Forecasts from 2020 to 2025 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by product, application, industry vertical, and geography.
The South America material handling market has been segmented based on product, application, industry vertical, and geography. Based on the product market is segmented as trucks and lifts, cranes, conveying systems, automated guided vehicles, and others. By application, the market is segmented as warehousing and distribution, airport baggage handling, postal and parcel delivery, packaging and others. By industry vertical, the market has been segmented into healthcare, chemical, food and beverage, warehousing, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2020 to 2025. The report also analyzes 3 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the South America material handling market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the South America material handling market.
Segmentation:
Toyota
BEUMER Group
KION
Daifuku
Linde Material Handling
List is not exhaustive*
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