Latest Trends In Material Handling Equipment Market; Key Players Siemens, Vanderlande, Columbus McKinnon, JBT Corporation, Jungheinrich AG, Kion Group AG, KUKA AG, Liebherr Group, Bastian Solutions
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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.
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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Know about Market growth in New Research and its Top growing factors by Key Companies like
Bastian Solutions, LLC, Beumer Group GmbH & Co. Kg, Clark, Material Handling Company, Columbus McKinnon, Crown Equipment Corporation, Daifuku Co., Ltd., Dematic GmbH & Co., KG, Flexlink, Hyster-Yale Materials Handling, Inc., JBT Corporation, Jungheinrich AG, Kion Group AG, KUKA AG, Liebherr, Mecalux S.A., Mitsubishi Caterpillar Forklift America Inc., Murata Machinery, Ltd., Vanderlande Industries, Honeywell Intelligrated, Inc., Swisslog AG, Knapp AG, TGW Logistics Group GmbH, Grenzebach Maschinenbau GmbH, Witron logistik + Informatik GmbH, Kardex AG, Dearborn Mid-West Company, Egemin Group, Inc., Viastore Systems, Inc., System Logistics, Siemens AG, SSI Schaefer Group, Toyota Industries Corporation, Fives Group
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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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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