07-12-2018 02:21 PM CET - Business, Economy, Finances, Banking & Insurance

Material Handling Equipment Market Key Information By Top Player Hyster-Yale Materials Handling, Inc., KUKA AG, Kion Group AG, JBT Corporation, Flexlink, Intelligrated

Press release from: Global Market Insights Inc.
Material Handling Equipment Market
Material Handling Equipment Market
The Material Handling Equipment Market Research Report Forecast 2018-2024 is a valuable source of insightful data for business strategists. It provides the Material Handling Equipment industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis.

Material Handling Equipment Market size is set to exceed USD 190 billion by 2024; according to a new research report by Global Market Insights, Inc. Growing automation capabilities in the manufacturing space coupled with increasing penetration of advanced technologies, such as IoT, RFID, and AI, are expected to drive the material handling equipment market growth. Automated material handling systems are gaining popularity with the growing inclination of industries to replace human labor with automated systems. RFID, IoT, and Automatic Identification & Data Capture (AIDC) technologies are becoming significantly popular as they improve the order fulfillment processes and help in enhancing productivity across the supply chain. As human capital is becoming difficult to retain and recruit, automated material handling solutions are aiding companies in managing the labor challenges while ensuring profitability and productivity.

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Rising labor costs in countries including China & India will support the material handling equipment market growth. The booming manufacturing sector in the region coupled with high-cost labor is compelling manufacturers to use sophisticated machinery to ensure high throughput in lesser time. Conventional manual techniques reduce the productivity and lead to time consumption. Traditional techniques for material handling are also prone to errors caused by human fatigue. Moreover, they also pose a restriction to the amount of load that can be transferred or stored. Bulk material handling & storage systems and industrial trucks are facilitating the management of large volumes of data thereby reducing the unnecessary time consumption.

Real-time technical challenges in the operation of these systems with the requirement of high capital investment are anticipated to negatively impact the material handling equipment market. The complexity involved in the integration of hardware and software for manufacturing facilities is restricting companies that have budgetary constraints from adopting these systems. Moreover, cybersecurity threats in these systems are also factors hindering the industry growth.

The robotics segment in the material handling equipment market is expected to witness significant CAGR of over 8% to reach over USD 20 billion by 2024 owing to the demand for high-performance robotic systems across various industry verticals. Robots facilitate easy and fast pick & place of material thereby ensuring accuracy and eliminating human involvement. The rising awareness about the advantages of automated systems globally will fuel the demand for robots across industries. Extensive R&D undertaken in the field of robotics & AI in countries including Japan and China is expected to fuel the material handling equipment market over the forecast period. The incorporation of machine learning capabilities in the robots to increase productivity with predictive maintenance further contributes to the industry demand.

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The expanding 3PL sector globally is expected to witness a CAGR of over 6% in the material handling equipment market. The increasing complexity of supply chains is compelling businesses to turn towards 3PL service providers to ensure smooth and efficient operations. 3PL service providers are focusing on real-time systems for enhanced visibility. Furthermore, the flourishing durable manufacturing sector in countries including India and China is providing impetus to the market. The growing durable manufacturing industry adopting the latest technologies for production in countries including France and Germany will surge the demand for the equipment.

Some of major chapters from Table of Contents:

Chapter 2 Executive Summary

2.1 Global material handling equipment industry 3600 synopsis, 2013 – 2024
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

3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Technological & innovation landscape
3.4.1 Robotics industry outlook
3.4.2 Data analytics
3.4.3 Energy efficiency measures
3.4.4 IoT
3.5 Regulatory landscape
3.5.1 North America ASME B20.1-2015 ANSI/ITSDF B56.1-2005 Federal Regulation of Occupational Health and Safety
3.5.2 Europe BS EN 1554:2012 European emission regulations Air Quality Certificate
3.5.3 Asia Pacific IS 12663 (Part 2): 2000 The General Administration of Customs (GAC or China Customs) The International Council on Clean Transportation
3.5.4 Latin America NR12 Mexico’s Industrial Health and Safety Regulations
3.5.5 MEA Occupational Health & Safety Act, 1993 The South African Bureau of Standards (SABS) Driven machinery regulations, 2011 PSI (Pre-shipment inspection) Factories and Works Act
3.6 Industry impact forces
3.6.1 Growth drivers Attractive e-commerce industry in the U.S. Rising labor costs and inconveniences of employing a manual workforce in North America and Europe Technological advancements in Europe Advent of industry 4.0 in Europe Growing automation demand from Asia Pacific Growing demand for automation in Europe and Asia Pacific from SMEs Growing demand for personalized Automated Guided Vehicles (AGVs) in China Improving industrial sector and enhancing productivity in Latin American economies Growth in the aviation industry in MEA
3.6.2 Industry pitfalls and challenges High initial costs Lack of awareness Real-time technical challenges
3.7 Growth potential analysis
3.8 Customer analysis
3.8.1 3PL Major pain points Overview of key players
3.8.2 E-Commerce Major pain points Financial Technical Marketing Overview of key players
3.8.3 Durable manufacturing Major pain points Overview of key players
3.8.4 General merchandise Major pain points Overview of key players
3.8.5 Food retail Major pain points Overview of key players
3.8.6 Food & beverage Major pain points Overview of key players
3.9 Porter’s analysis
3.10 Competitive landscape, 2017
3.10.1 Strategy dashboard
3.11 PESTEL analysis

The developments in the manufacturing sector in countries such as Japan, China, and India are expected to propel the material handling equipment market growth. These systems are increasingly being adopted in warehouses and production facilities for automating all processes. The growing transportation & logistics industry in the U.S. is providing growth opportunities to the industry value at over USD 25 billion in 2017. The early technology adoption in the region and the ongoing R&D in the U.S. will fuel the material handling equipment market demand. Stringent government regulations related to operator safety in Europe are compelling manufacturers to use high-quality machines that comply with the existing standards.

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Key vendors in the material handling equipment market comprise Hyster-Yale Materials Handling, Inc., KUKA AG, Kion Group AG, JBT Corporation, Flexlink, Intelligrated, Inc., Dematic GmbH & Co., KG., Columbus McKinnon, and Daifuku Co., Ltd. Companies are trying to launch new solutions and expand the product portfolio. The industry is characterized by strategic acquisitions and collaborations with technology providers to offer enhanced solutions. Players are stressing on manufacturing solutions that cater to specific industry demands and complying with the standards and regulations operating in the industry. Increasing investments in the R&D of new automation solutions will contribute to industry growth.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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