11.02% compound annual growth rate (CAGR) in the information technology market for material handling equipment | Cargotech and Clark Material Handling are among the major sellers

New YorkAnd December 2, 2021 /PRNewswire/ – Material handling equipment market is expected to dominate the ICT market North Amarica during the forecast period. According to Technavio, the market value is expected to grow by US$2.41 billion From 2020 to 2025. The growth momentum of the market is expected to accelerate at a compound annual growth rate of 11.02% during this period.

Attractive Opportunities in Remote Material Handling Equipment Market by Product and Geography - Forecast and Analysis 2021-2025

Attractive Opportunities in Remote Material Handling Equipment Market by Product and Geography – Forecast and Analysis 2021-2025

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market dynamics

factors like Increased construction activities and increased government safety and security regulations will be critical to driving growth remote material handling equipment market. However, the Data security issues and increased initial setup cost It will limit market growth.

Company Profile

The Telecommunication Equipment Market report covers information on product launch, sustainability, and prospects of the key vendors. Includes a few of these sellers Cargotec Corp. and CLARK Material Handling Co. and Continental AG, Deere and Co. and Doosan Infracore Co. Ltd. and Geotab Inc. and Hyundai Motor Co. and Oshkosh Corp. and Robert Bosch GmbH and Trackunit AS.

Find additional information about the different vendors operating in the IT market for material handling equipment. Read the free sample now!

competitive analysis

The competitive scenario presented in the Remote Control Equipment market report examines, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, product innovations, new product launches, growth strategies, investments, growth in market share, etc.

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Market segmentation

  • By product, the market is categorized into trucks, earthmoving equipment, crane, and tractor, among others. The truck segment is expected to contribute the largest share of the market.

  • By geography, the market is categorized into North AmaricaAnd Europeasia pacific, South Americaand MEA. North Amarica It will have the largest share of the market, with the United States being the main country.

Product Segment Analysis

The market growth share of the truck segment in the telecommunications market for material handling equipment is being driven by various factors. Trucks play a vital role in transporting materials from one place to another. These industrial trucks are widely used to transport goods and materials in and out of manufacturing sites, storage areas and loading docks. Some of the reasons supporting the use of IT in trucks are lower operating costs, improved fleet safety, and control.

Related Reports

  • Hypothetical production market: The virtual production market has been segmented by components (software, services, and hardware) and geography (North Amaricaasia pacific, Europeand MEA and South America). Download a free sample report

  • Warehouse Management Systems Market: The Warehouse Management Systems market has been segmented by deployment (cloud-based and on-premises) and geography (North AmaricaAnd Europeand APAC and MEA and South America). Download a free sample report

Remote Material Handling Equipment Market Scope

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

Accelerate at a compound annual growth rate of 11.02%

Market Growth 2021-2025

US$2.41 billion

Market Structure, Market Structure

fragmented

Annual Growth (%)

10.10

Regional Analysis

North America, Europe, Asia Pacific, South America, Middle East and Africa

Market share performance

North America 43%

Main consuming countries

The United States, China, the United Kingdom, Gibraltar, and Italy

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

Cargotec Corp. and CLARK Material Handling Co. and Continental AG, Deere and Co. and Doosan Infracore Co. Ltd. and Geotab Inc. and Hyundai Motor Co. and Oshkosh Corp. and Robert Bosch GmbH and Trackunit AS

market dynamics

Key market analysis, market growth triggers and obstacles, analysis of fast-growing and slow-growing segments, impact of COVID-19 and future consumer dynamics, market status analysis for the forecast period

field of personalization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

information about us

Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .

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Technavio Research
Jesse Maeda
Marketing and Media Executive
United States: +1844364 1100
United Kingdom: +44 203893 3200
email: media@technavio.com
website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

Cision

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The source is Technavio

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