The global material handling equipment market is driven by the significant role it plays in the manufacturing sector. The material handling does not directly contribute to the manufacture of products, but it enables effective handling, management, storage, and transport of products ensuring that products circulate quickly, smoothly, and efficiently. The growth in the industrial and infrastructural operations is expected to cater to the ever-growing population, further enhancing the material handling equipment market growth.
Daifuku Co., Ltd. (TYO: 6383) and Toyota Industries Corporation (OTCMKTS: TYIDY) are some of the major players in the global material handling equipment market. In April 2019, Daifuku Co., Ltd., a leading global manufacturer and supplier in the material handling industry, acquired the India-based material handling equipment manufacturer, Vega Conveyors & Automation Private Limited, to expand manufacturing and distribution business segments within Asia.
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Daifuku Co., Ltd., Jungheinrich AG, BEUMER Group, Kion Group AG, Mecalux, S.A., Toyota Industries Corporation, Hyster-Yale Materials Handling, Inc., JBT Corporation, and KUKU AG, among others, are the key players in the global material handling equipment market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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