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Bulk Material Handling Equipment Market Share

Report ID: GMI8188
Published Date: Feb 2024
Report Format: PDF

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Bulk Material Handling Equipment Market Share

Honeywell International Inc and Mitsubishi Electric Corporation dominate the market with around 9% market share. Honeywell consistently expands its product portfolio to offer a comprehensive range of bulk material handling equipment. By focusing on technological innovation, global expansion, customization, and strategic collaborations the company is enhancing its position in the market.

Mitsubishi Electric places a strong emphasis on research and development to bring innovative technologies to the bulk material handling sector. The company also engages in strategic collaborations and partnerships with other industry players. These alliances foster the exchange of expertise and promote the integration of complementary technologies into their bulk material handling equipment. Mitsubishi also prioritizes after-sales services and support. This includes maintenance, training programs, and continuous improvement initiatives to ensure the optimal performance of their equipment.

Bulk Material Handling Equipment Market Companies

Major players operating in the bulk material handling equipment industry are:

Beumer Group
Continental AG
Crown Equipment Corporation
Daifuku Co., Ltd.
Honeywell International Inc
Jungheinrich AG
MHS Conveyor
Mitsubishi Electric Corporation
SSI Schaefer Group
TGW Logistics Group GmbH

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for bulk material handling equipment was valued at USD 46.5 billion in 2023 and is estimated to register over 4.5% CAGR between 2024 & 2032 driven by the exponential growth of e-commerce and logistics, necessitating efficient handling of goods in warehouses and fulfillment centers.

In 2023, the manufacturers segment accounted for a market share of around 70% and is projected to grow through 2032 as manufacturers are increasingly focusing on customization and modular designs to efficiently meet diverse customer requirements.

Asia Pacific market for bulk material handling equipment was around 35% in 2023 and will grow significantly through 2032 owing to rapid industrialization and infrastructural development.

Beumer Group, Continental AG, Crown Equipment Corporation, Daifuku Co., Ltd., Honeywell International Inc., Jungheinrich AG, MHS Conveyor, Mitsubishi Electric Corporation, SSI Schaefer Group, and TGW Logistics Group GmbH.