(MENAFN – America News Hour) Market Study Report Adds New Research on Material Handling Equipment Market, Which Is A Detailed Analysis Of This Business Space Inclusive Of The Trends, Competitive Landscape, And The Market . Encompassing One Or More Parameters Among Product Analysis, Application Potential, And The Regional Growth Landscape, Material Handling Equipment Market Also Includes An In-Depth Study Of The IndustryaEURS Competitive Scenario.
Material Handling Equipment Market is expected to exceed
USD 200 billion by 2025. Improving industrial sector and enhancing productivity
in developing economies will drive market growth over the forecast timespan.
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Some major findings in the material handling equipment
market report include:
– Rise
in automated manufacturing activities coupled with the need for improving
productivity in industrial facilities will augment the market demand. Companies
are widely adopting advanced technologies, such as big data analytics and IoT
in logistics, to manage operational requirements, which is changing the way
several businesses handle their operations.
– In
October 2018, XPO Logistics, Inc., a provider of transportation and logistics
services announced to deploy 5,000 robots in its warehouses and distribution
centers in North America, the UK, and several other countries in Europe.
– Key
players operating in the industry are Daifuku Co., Ltd., Columbus McKinnon,
Kion Group AG, Dematic GmbH & Co., Hyster-Yale Materials Handling, Inc.,
JBT Corporation, Intelligrated, Inc., Flexlink, and KUKA AG. Players are
focusing on introducing differentiated and advanced products to remain
competitive in the market.
– The
growing competitive nature of businesses has led to the increased adoption of
advanced technologies, aiding business processes pertaining to food &
beverage, 3PL, food retail, general merchandise, and other similar industries.
Demand for bulk material handling equipment is witnessing
high demand in the material handling equipment market owing to the growing need
to transport and control large volumes of material. The equipment handles &
supports infrastructure and provides a vital bridge that ensures rapid &
efficient delivery. The demand for AS/RS material handling equipment is
increasing in manufacturing plants, warehouses, and distribution centers for
order picking. These systems retrieve finished goods from manufacturing plants
for transportation to warehouses and distribution centers. AS/RS retrieves the
required goods for order fulfillment, encouraging industries to adopt the
equipment over the manual order picking process to reduce labor costs and
ensure efficient order fulfillment.
The growing demand for automation from SMEs will propel
the material handling equipment market growth. SMEs operating in the food &
beverages, 3PL, food retail, and general merchandise industries are
experiencing intense competition and need to sustain growth in the marketplace.
The presence of government initiatives, such as financial support, in the form
of reduced duties and tax benefits allowed SMEs to gain a foothold in the
market. Automated machines and systems provide efficient work operations and
monetary benefits to SMEs by saving huge amounts of labor employment costs.
These companies are highly deploying material handling machines and automatic
systems over human labor owing to cost savings and high efficiency compared to
the traditional processes.
The material handling equipment market is expected to
witness high demand from the general merchandise application segment. These solutions
help to fulfill the definite application demands of the warehousing and
distribution industry, such as order assembly by store planogram, multichannel
in one facility, seasonal/promotional peaks, e-commerce order fulfillment,
returns processing, inventory velocity, and configurations for retail store
replenishment, resulting in increasing their demands. Moreover, companies are
providing the equipment to specific industries including large global
corporations and small specialty product companies, supporting various
distribution requirements.
The Latin America material handling equipment market is
expected to witness high growth in the coming years owing to the rise in
industrialization and the growing manufacturing sector in the region.
Manufacturing industries are increasingly adopting advanced material handling
solutions for enhancing and ensuring productivity, resulting in the overall
economic development of the region. The industrial sector in the region is
witnessing fast growth with an increasing number of companies implementing
robots and automated solutions for material handling. The expanding
construction sector of the region will lead to an increased demand for
performance material handling solutions.
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Report Content
Chapter 1
Methodology & Scope
1.1 Methodology
1.1.1 Initial
data exploration
1.1.2
Statistical model and forecast
1.1.3 Industry
insights and validation
1.1.4 Definition
and forecast parameters
1.1.4.1
Definitions
1.1.4.2
Methodology and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2
Executive Summary
2.1 Global
material handling equipment industry 360 degree synopsis, 2014 – 2025
2.1.1 Business
trends
2.1.2 Regional
trends
2.1.3
Application trends
2.1.4 Product
trends
Chapter 3
Material Handling Equipment Industry Insights
Chapter 4 Material Handling Equipment Market, By Product
Chapter 5 Material Handling Equipment Market, By Application
Chapter 6 Material Handling Equipment Market, By Region
Chapter 7 Company
Profiles
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