Market World Material Handling Equipment Systems Market | Page 3

Competitive Insights The market is highly competitive with the existence of major players and small vendors supplying a broad range of the equipment. Furthermore, the industry is witnessing joint ventures or acquisitions. For instance, in 2015, SSI Schaefer acquired MoTuM NV and included Automated Guided Vehicles (AGV) in its product portfolio. Additionally, manufacturers are adopting automation to sustain in the market. At present, the sector is dominated by global players, like SSI Schaefer, Daifuku, Murata Machinery Ltd., Kion Group (Dematic), Mecalux S.A., and Vanderlande Industries B.V. Market Segment: Material Handling Equipment Product Outlook (Revenue, USD Billion; 2014 - 2025) • Storage & handling equipment • Automated storage & retrieval system • Industrial trucks • Bulk material handling equipment • Others Material Handling Equipment End-Use Outlook (Revenue, USD Billion; 2014 - 2025) • Automotive • Food & beverages • Chemical • Semiconductor & electronics • E-commerce • Aviation • Pharmaceutical • Others Material Handling Equipment Regional Outlook (Revenue, USD Billion; 2014 - 2025) • North America • U.S. • Canada • Europe • UK • Germany • France