Resurgence in Global Manufacturing & Trade to Drive Demand for Material Handling Equipment, According to New Report by Global Industry Analysts, Inc.
San Jose, CA (PRWEB) May 15, 2014 -- Follow us on LinkedIn - As material handling equipment (MHE) is an integral part of the supply chain of diverse industries, market fortunes are largely dependent on the general health of the economy. Sales of material handling equipment are expected to grow steadily, driven by resurgence in global manufacturing, and robust demand from developing economies. Encouraged by rapid industrialization, and the trend towards outsourcing of logistics and material handling processes, Asia-Pacific, Latin America, and Eastern European countries are poised to emerge as hotspots for future growth.
The general trend in the MHE market is to increase productivity, automation and provide safety. The growing need for performance optimization and improved information flow in manufacturing and warehousing environments is driving the adoption of technologies, including voice recognition systems, data-capture technologies, RFID and M2M communications. Significant gains are expected in energy-efficient equipment and advanced products such as automated guided vehicles, automated conveyors and electric lift trucks, as manufacturers seek to minimize operating costs. Recent advances in automation technology have enabled lift truck manufacturers develop a new range of automated lift trucks (ALTs) for performing repetitive or long-haul materials transportation tasks. These programmable vehicles are used as substitute for manned vehicles for performing repetitive horizontal materials transportation tasks in manufacturing facilities, process industries and distribution centers.
Rapid growth in e-commerce, Internet shopping and direct-to-consumer services is revolutionizing trade and distribution operations, with warehouses expected to be light-staffed. With MHE buyers looking for solutions that offer a healthy return on investment, there is a growing trend towards production of cost effective, intelligent systems which need less maintenance such as high-speed Sortation Systems and the 24-volt motorized roller (MDR) conveyors. E-retailing is also emerging as a disruptive force, changing the dynamics of supply chain management, and spurring the need for material handling equipment for transporting and sorting smaller packages.
As stated by the new market research report on Material Handling Equipment, Europe represents the largest regional market worldwide. Growth in mature industrialized countries is fuelled by healthy replacement demand and move towards automation and modernization of production processes in key end-use sectors. Asia-Pacific ranks as the fastest growing regional market with a CAGR of 6.6% over the analysis period. Developing countries such as China, India, and Indonesia provide the growth momentum driven by strengthening GDP, and expanding manufacturing base. Industrial Trucks and Lifts represents the largest product market. Automated Guided Vehicles and Automated Storage and Retrieval Systems (AS/RS) are projected to register rapid growth. The segment’s robust performance is attributed primarily to the growing focus on enhancing productivity and the progressive ease of deployment and utilization of such equipment in factory and warehouse settings.
Major players covered in the report include Beumer Maschinenfabrik GmbH, Clark Material Handling Company, Crown Equipment Corporation, Columbus McKinnon Corp., Daifuku Co., Ltd., Dematic GmbH & Co. KG, Hyster-Yale Materials Handling, Inc., Hytrol Conveyor Co., Inc., Ingersoll-Rand PLC, Interroll Group, Jungheinrich AG, KION Group AG, Konecranes PLC, Liebherr Group, Manitou Group, Manitowoc Company Inc., Shanghai Zhenhua Heavy Industries Co. Ltd., SSI Schaefer - Fritz Schaefer GmbH, Terex Corporation, Toyota Industries Corporation, UniCarriers Corporation, Vanderlande Industries Nederland B.V., among others.
The research report titled “Material Handling Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, growth drivers, challenges, mergers, acquisitions, product launches and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East, Latin America (Brazil, and Rest of Latin America). Product markets analyzed in the report include Conveying Equipment, Industrial Trucks and Lifts, Hoists Cranes and Monorails, and Automated Material Handling Equipment.
For more details about this comprehensive market 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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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Raghu Gopal, Global Industry Analysts Inc, +1 408-528-9966, [email protected]
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