The Global Market for Material Handling Equipment is Projected to Reach US$134.8 Billion by 2020

Surging Demand for Automated Equipment Drives the Global Material Handling Equipment Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Material Handling Equipment. The global market for Material Handling Equipment is projected to reach US$134.8 billion by 2020, driven by surging demand for automated systems and growing adoption of disruptive technologies such as cloud computing, data analytics, and Internet-of-Things.

Material handling equipment represents an integral part of the supply chain of diverse industries for storage, control and movement of items, from the raw material stage to the distribution of finished products. The rising need for global production companies to automate operations, and foster flow of goods in an efficient manner is the key force driving growth in the MHE market. Globalization and the associated supply chain fragmentation of various industries, along with the trend of outsourcing have had a significant bearing on the growth of the market. Expansion in application areas is another factor benefiting market growth. Other favorable factors sustaining market growth include rising investment in the construction sector, growing consumer spending and technology innovations. Steadily recovering global manufacturing activity especially in the automobile industry, also lends optimism to the market outlook.

Industrial Trucks & Lifts represents the largest segment in the material handling equipment market. Demand for automated material handling equipment is particularly expected to register strong gains, thanks to their ability to reduce labor input and thereby limit labor costs. Multichannel distribution and growing consumer demand for anytime, anywhere goods delivery will also encourage the ongoing trend towards automation. MHE manufacturers are increasingly incorporating advanced technologies, mechanisms and solutions such as robots, and automated guided vehicles, among others, for enhanced productivity and safety. Technologies that are poised to benefit market prospects for the material handling business in the near term include Internet of Things, cloud computing, data analytics and machine-to-machine (M2M) communications. While wearable technologies are finding increased adoption in retail and consumer markets, the material handling industry is gradually realizing its benefits, thus piloting its adoption in warehouses and distribution centers.

As stated by the new market research report on Material Handling Equipment, Europe represents the largest market worldwide. Asia-Pacific constitutes the fastest growing regional market worldwide with a CAGR of 6.1% over the analysis period, driven by the rapidly expanding infrastructure needs of the automobile, construction, energy, electronics, food & beverage, and retail & warehousing industries.

Major players covered in the report include Beumer Maschinenfabrik GmbH, Cargotec Oy, CLARK Material Handling International, Crown Equipment Corporation, Columbus McKinnon Corp, Daifuku Co. Ltd., Jervis B. Webb Company, Dematic GmbH & Co., KG, Dürr AG, Eisenmann AG, FlexLink AB, Hyster-Yale Materials Handling, Inc., Conveyor Co. Inc., Ingersoll-Rand Company PLC, Interroll Group, Jungheinrich AG, Kardex AG, KION Group AG, Konecranes PLC, Liebherr Group, Manitou Group, Manitowoc Company, Inc., Mecalux SA, SSI Schaefer - Fritz Schaefer GmbH, Swisslog, Toyota Industries Corporation, Vanderlande Industries, and WITRON Logistik + Informatik GmbH, 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 market trends, issues, drivers, and strategic industry activities of major companies. The report provides market estimates and projections for major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India, South Korea and Rest of Asia-Pacific), Middle East, and Latin America (Brazil, Mexico and Rest of Latin America). Product segments analyzed in the report include Conveying Equipment, Industrial Trucks & Lifts, Hoists, Cranes, & Monorails, Automated Storage & Retrieval Systems, and Others (Automated Conveyors, and Automated Guided Vehicle).