H. Yoo
Research expert covering South Korea
Material handling industry in the UK - statistics & facts
The material handling industry is strongly represented in Europe, with the European market accounting for 28 percent of the global material handling equipment sales in 2020, making it the second biggest market after Asia. In the same year, the forecasted revenue of lifting and handling equipment manufacturing in the United Kingdom (UK) amounted to over 5.5 billion U.S. dollars. After a 4.3 percent loss in 2020, the UK material handling market is expected to experience further decline this year, reflecting the impact of the coronavirus pandemic.
