MATERIAL HANDLING EQUIPMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In April 2023, Crown Equipment Corporation, a global producer and provider of material handling equipment, introduced the SP1500 series of high-level order pickers. These new models include advanced features such as an ergonomically designed operator compartment with programmable controls, aimed at enhancing the speed and safety of order picking operations.
• In March 2023, Li-Cycle, a pioneer in lithium-ion resources, and KION Group, a leader in material handling equipment, formed a strategic partnership to improve the company's share in the battery recycling and sustainability products sector
• In January 2023, Crown Equipment Corporation expanded its product line by adding electric counterbalance forklifts and internal combustion forklifts with a carrying capacity of up to 5.5 tons
• In September 2022, Toyota Material Handling Japan (TMHJ), a part of Toyota Industries Corporation, created an autonomous AI lift truck that can find, position, load, and create automated routes for loading operations
• In August 2022, SSI Schaefer, a leader in the intralogistic industry, introduced its SSI Mobile robots and shelving systems, which enhance intralogistic operations, expedite logistical procedures, and save costs while providing the intralogistic industry with a partial automation option