Material handling is the process through which raw materials or goods are moved to the manufacturing sites. There are three different types of material handling: manual, mechanical, and automated. Europe is one of the largest adopters of industrial automation and one of the key factors boosting investments in the Industry 4.0 revolution. Additionally, the automotive industry in Europe has always been at the forefront of manufacturing activity. As per the ACEA report, the European Union had 567 passengers and 83 commercial vehicles cars per 1,000 inhabitants in 2023. Luxembourg had the highest number of cars, with 689 cars per 1,000 passengers.
On the other hand, the European manufacturing sector's growth will push the material handling market in the region. The Eurostat, in its report, stated that the industrial production of the region grew about 8.5% in 2021, compared to the previous year and had an increase of about 0.4% in 2022. The report further stated that in 2023, the food,beverage, &tobaccosector recorded a higher market share in the total production with about 18%, followed by about 16% contribution by the motor vehicle & other transport equipment sector. The basic metals & fabricated metal products sector and chemical sector recorded a total production of about 14% and 8% respectively.
Europe material handling market drivers
Growing Automotive Production
One of the major factors driving the regional material handling market growth is the expansion of automotive production as material handling procedure is required for its efficient production. Automotive production in the European region has significantly grown in the recent few years. The International Organization of Motor Vehicle Manufacturers (OICA), in its production statistics, stated that in 2021, there were a total of about 16.137 million units of automotive products, which reduced to about 16.032 million in 2022, finally reaching about 18.122 million units in 2023.Reasons for buying this report:
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- Historical data & forecasts from 2022 to 2030
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The Europe material handling market is segmented and analyzed as follows:
By Equipment Type
- Storage & handling equipment
- Racks
- Stacking Frames
- Shelves, Bins & Drawers
- Mezzanines
- Industrial trucks
- Automated Guided Vehicles (AGVs)
- Hand, platform & pallet trucks
- Order pickers
- Pallet jacks
- Side loaders
- Walkie stackers
- Bulk material handling equipment
- Conveyor belts
- Stackers
- Reclaimers
- Elevators
- Others
- Robotics
- Automated Storage & Retrieval System (AS/RS)
- Unit-Load AS/RS
- Mini-Load AS/RS
By Application
- Assembly
- Storage
- Packaging
- Transportation
- Others
By End-User Industry
- Automotive
- Electronics
- Chemical
- Pharmaceutical
- Aviation
- Others
By Geography
- Germany
- France
- United Kingdom
- Italy
- Others
Table of Contents
Companies Mentioned
- Kardex Group
- Coesia S.p.A
- Dematic
- Fives Group
- Grenzebach Group
- KUKA AG
- Siemens
- TGW Logistics Group GMBH
- Vanderlande Industries
- Witron
- Toyota Material Handling
- MBL Europe
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 84 |
Published | December 2024 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 48.95 Billion |
Forecasted Market Value ( USD | $ 63.22 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Europe |
No. of Companies Mentioned | 12 |