United States Material Handling Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Products (Automated Guided Vehicles, Automated Storage And Retrieval Systems, Trucks And Lifts, Cranes, Conveyor Systems, Others), By Application (Warehousing And Distribution, Airport Baggage Handling, Bulk Handling, Postal And Parcel Delivery, Assembly, Packaging), And By Industry Vertical (Manufacturing, Healthcare, Chemical, Paper, Food And Beverage, Other) - Forecasts From 2022 To 2027

  • Published : Dec 2022
  • Report Code : KSI061610121
  • Pages : 114

The United States material handling market was valued at US$35.759 billion in 2020 and is expected to grow at a CAGR of 5.00% over the forecast period to reach a market size of US$50.323 billion by 2027. 

Market Overview

The growth of private investments in machinery and industrial equipment indicates an overall strong U.S. economy, which is regarded to encourage some activity when it comes down to the U.S. industry’s largest downstream markets such as that of wholesaling and manufacturing. Following such growths in private investments, the U.S. market is expected to witness a growth in the demand for industrial products which includes material handling equipment. For instance, in 2020, Beumer Group acquired FAM Gmb, Magdeburg which is a supplier of conveying systems and loading technology in an attempt to strengthen its position in the field of conveying and loading technology. On the other hand, increased worker safety awareness along with the rising requirements for the management of bulk materials effectively and the rise in the industry with greater Internet of things use are a few factors that will allow the United States material handling market to develop faster.

One of the prime reasons supporting the overall market is the increasing e-commerce and logistics industries

Customization is regarded to be at an all-time high with respect to online shopping which happens quickly. Mining equipment and customization systems are becoming common while assisting the growth of the industry despite the fact that the slightest drop in the demand for industrial use cases in 2020 coupled with developments happening in the market of e-commerce at a large scale has aided the material handling industry’s growth despite the pandemic.

It was during the pandemic and the lockdown period which led to an increase in demand for grocery delivery and distribution worldwide, which gave the manufacturers higher expectations.  On another note, the e-commerce industry is resulting in the manufacturers and industrial sectors in becoming more visible because of the feature of customization. The e-commerce industry is flourishing worldwide, which necessitates a lot of automation as well. Large-scale retailers such as Amazon, Walmart, and others are gradually on the rise of introducing automated technology into their operations in order to make it more efficient, precise, cost-effective, and even secure. Apart from these, the improvements happening in the manufacturing industry are also regarded to be a major factor for the developing market of material handling equipment.

The AGV segment holds a significant share of the market

AGVs (Automated guided vehicles) are being highly adopted due to several benefits, such as reduced labour costs, lower product damage, increased productivity, and scale to support the processes of automation. These notable advantages have been encouraging various firms to deploy AGVs in order to accelerate the efficiency of their operations, thus driving growth in the market in this region. Further, the strong economy, with considerable port traffic, rising e-commerce activity, and key manufacturing indices, have resulted in significant growth in manufacturing, thus, driving the demand for automated solutions across the logistics sector in the country, which is consequently expected to drive the market.

COVID-19 Impact

The United States material handling market contracted in 2020 due to the COVID-19 pandemic. To curb the spread of COVID-19, the government put limitations on economic activities and the movement of people and goods. Due to such restrictions, delivery of components or raw materials that are a part of the supply chain was hindered and production was delayed consequently. Hence, a temporary halt in the factories and manufacturing industry was observed. The value of shipments from manufacturing enterprises decreased by 8.9% in 2020 compared to 2019, according to the United States Census Bureau. However, the producer’s price index for industrial material handling equipment increased by 1.6% in December 2020 from December 2019.

Key Market Segments

  • By Products
    • Automated Guided Vehicles
    • Automated Storage and Retrieval Systems
    • Trucks and Lits
    • Cranes
    • Conveyor Systems
    • Others
  • By Application
    • Warehousing and Distribution
    • Airport Baggage Handling
    • Bulk Handing
    • Postal and Parcel Delivery
    • Assembly
    • Packaging
  • By Industry Vertical
    • Manufacturing
    • Healthcare
    • Chemicals
    • Paper
    • Food & Beverages
    • Others
  • By States
    • California
    • Texas
    • Ohio
    • Illinois
    • Pennsylvania
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers 

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. UNITED STATES MATERIAL HANDLING MARKET, BY-PRODUCTS

5.1. Introduction 

5.2. Automated Guided Vehicles

5.3. Automated Storage and Retreival Systems

5.4.  Trucks and Lifts

5.5. Cranes

5.6. Conveyor Systems

5.7. Others

 

6. UNITED STATES MATERIAL HANDLING MARKET, BY APPLICATION

6.1. Introduction

6.2. Warehousing and Distribution

6.3. Airport Baggage Handling

6.4. Bulk Handling

6.5. Postal and Parcel Delivery

6.6. Assembly

6.7. Packaging

 

7. UNITED STATES MATERIAL HANDLING MARKET, BY INDUSTRY VERTICAL

7.1. Introduction

7.2. Manufacturing

7.3. Healthcare

7.4. Chemicals

7.5. Paper

7.6. Food & Beverages

7.7. Others

 

8. UNITED STATES MATERIAL HANDLING MARKET, BY STATES

8.1. Introduction 

8.2. California

8.3. Texas

8.4. Ohio

8.5. Illinois

8.6. Pennsylvania

8.7. Others

 

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

 

10. COMPANY PROFILES

10.1.  BEUMER Group 

10.2. Murata Machinery USA, Inc.

10.3. Daifuku North America Holding Company

10.4. Kardex Group

10.5. JBT Corporation

10.6. KUKA Systems North America LLC.

10.7. Honeywell International Inc.

10.8. Bastian Solutions, LLC

10.9.  Dematic

10.10. Crown Equipment Corporation


BEUMER Group

Murata Machinery USA, Inc.

Daifuku North America Holding Company

Kardex Group

JBT Corporation

KUKA Systems North America LLC.

Honeywell International Inc.

Bastian Solutions, LLC

Dematic

Crown Equipment Corporation


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