Material Handling Equipment Market 2020 Top Trends By Industry Players Siemen, Vanderlande, Columbus McKinnon, Flexlink, JBT Corporation, Jungheinrich AG, Kion Group AG, Honeywell Intelligrated ,KUKA AG, Liebherr Group

The size of the Material Handling Equipment Market was accrued at USD 140 billion in 2018 and is presumed to accumulate over USD 200 billion by the year 2025. According to research, the Material Handling Equipment Market is expected to grow with a CAGR of 6% during the period of 2019-2025.

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.

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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.

Market Growth Drivers -

o Attractive e-commerce industry in the U.S.
o Rising labor costs and inconveniences of employing a manual workforce in North America and Europe
o Technological advancements in Europe
o Advent of industry 4.0 in Europe
o Growing automation demand from Asia Pacific
o Growing demand for automation in Europe and Asia Pacific from SMEs
o Growing demand for personalized Automated Guided Vehicles (AGVs) in China
o Improving industrial sector and enhancing productivity in Latin American economies
o Growth in the aviation industry in MEA

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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 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.

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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.

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.

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