Dallas, Texas (PRWEB) May 05, 2015
The global material handling equipment market is set to emerge as one of the fastest growing markets as future trends indicate immense potential. There is an increased affinity by end-users to procure material handling equipment on rent or lease. Therefore, the availability of rent-based material handling equipment would encourage end-users to use the advanced material handling equipment.
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Key players in Global Material Handling Equipment Market are "Beumer Group, Cargotec, Clark Material Handling, Columbus McKinnon, Crown Equipment, Daifuku, Dematic Group and SSI Schaefer".
Other Prominent Vendors in the market are: Allied Conveyor Systems, Caterpillar, Dearborn Mid-West Conveyor, Dorner Conveyors, Dynamic Conveyor, Fives Group, FlexLink, FMC Technologies, Intelligrated, Interroll, Jungheinrich, Kardex, Knapp Logistik Automation, Legris Industries, Mecalux, Murata Machinery, Nordstrong, Redler, RUD, Shuttleworth, Swisslog, Taikisha, TGW Logistics Group, Vanderlande, Viastore Systems, Westfalia Technologies and Witron.
The analysts forecast global material handling equipment market to grow at a CAGR of 6.08% over the period 2014-2019. According to the report, the primary growth driver of this market is the high demand from heavy industries such as power, mining, and manufacturing. Material handling equipment enables end-users to reduce costs by bringing in operational efficiency and improving the order-to-delivery cycle. These industries are highly dependent on material handling equipment for production, storage, and distribution of materials.
Material handling equipment refers to a diverse range of products that aid the transportation and storage of materials. They enhance the efficiency of workflow in manufacturing, streamline supply chain distribution channels, and optimize utilization of warehouses. They provide an efficient, accurate, and cost-effective method to move goods easily and swiftly across an organization.
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This report covers the present scenario and the growth prospects of the global material handling equipment market for the period 2015-2019. To calculate the market size, this report covers revenue generated by manufacturers of material handling equipment globally. The report also presents the vendor landscape and a corresponding detailed analysis of the top vendors in the global material handling equipment market. In addition, it discusses the major drivers that influence the growth of the market. It also summarizes the challenges faced by the vendors and the market at large, and the key trends emerging in the market.
The report, Global Material Handling Equipment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Asia, Europe, North America, and ROW; it also covers the global material handling equipment market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Further, the report states that high initial investment is one of the major drawbacks for the growth of the market.
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