Material Handling Equipment: A Global Strategic Business Report
San Jose, CA (PRWEB) March 12, 2008
Global material handling equipment market is projected to reach US $104 billion in sales by 2010 according to a new report by Global Industry Analysts, Inc. Tendency toward complete integration of material handling systems with procurement systems, manufacturing management systems and shipping operations is expected to bolster demand for automation equipment and software. Increasing demand for equipment for handling smaller packages from the E-Retailing sector, innovation, ergonomics, safety and environmental concerns comprise general growth drivers. Several emerging trends in lift truck market coupled with innovations continue to redefine the material handling business.
Globalization has set the trend for outsourcing and ongoing industrialization in developing nations, thereby resulting in emergence of new low-cost equipment manufacturers, particularly in Asian nations. Rising per capita incomes, expanding manufacturing output, and increasing investments in infrastructure development activities are major contributors to the rise in demand for material handling equipment in developing nations. The growth is profound across developing regions in Asia such as India and China, as well as in Russia, Mexico and Turkey. Increasing tendency towards integration of material handling equipment with other company systems has also contributed towards market growth.
Europe and United States are projected to be the leading regional markets for material handling equipment capturing about 55% of the worldwide sales by 2010, as stated by Global Industry Analysts, Inc. Asia-Pacific is the fastest growing regional market, projected to record sales of US $25 billion in 2009. Rapidly expanding infrastructure needs of automobile, construction, energy, electronics, food & beverage, and retail & warehousing sectors from Asian countries such as China are expected to drive future demand. Among the segments, industrial trucks and lifts market represents the largest, and is projected to exceed US $7 billion by 2010 in the United States.
Advanced and automated equipment such as automated guided vehicles, robots; and software and other services such as project management and system design are expected drive growth and sales in the overall market. Apart from enhancing productivity, such equipment can be easily integrated into automated factory and warehouse environments. While the demand for conventional handling equipment is expected to continue, advanced equipment are expected to grow in popularity across the developed world. In Europe, Automated material handling equipment market is projected to grow at the fastest rate over the analysis period 2001-2010, from an estimated US$7 billion in 2007.
The report titled "Material Handling Equipment: A Global Strategic Business Report" published by Global Industry Analysts, Inc. analyzes recent past, current and future market data and analytics over the period 2001-2010, historical data (1991-2000) and long term projections (2011-2015). Demand patterns are quantified across all geographic markets including the United States, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America. The study reviews various end-use markets, and examines major technological breakthroughs in the material handling equipment market. The report also offers detailed company profiles and enumerates recent developments, mergers, acquisitions and other strategic industry activities. Segments analyzed include Conveying Equipment, Industrial Trucks and Lifts, and Hoists, Cranes and Monorails, and Automated Material Handling Equipment.
The report reviews major players in the material handling equipment market including Clark Material Handling Company, Daifuku Co., Ltd., FKI Plc, Dematic GmbH & Co. KG, Kardex Remstar, Columbus McKinnon Corporation, Interroll Group, Flexlink AB, Ingersoll-Rand Company Limited, Kion Group, Sandvik Materials Handling, Jungheinrich AG, Manitou Group, Manitowoc Company, Inc and Lockheed Martin.
For more details of this research report please visit http://www.strategyr.com/Material_Handling_Equipment_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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