Press release
Global Material Handling Equipment Market Size, Industry Trends, Growth and Forecast to 2020-2026
The global market for material handling equipment is projected to have considerable CAGR of around 7.6% during the forecast period. The market is mainly driven due to growing demand of automated material handling equipment such as automated retrieval and storage system (ASRS) coupled with growing investment for these systems. These systems can reduce the warehouse operation cost by around 70%, and thus many retailers and other industries are adopting ASRS in their facilities therefore contribute in the growth of the market. Moreover, the integration of automatic material handling with ASRS and a tracking system could leverage productivity by reducing the bottlenecks and facilitates the smooth flow of materials. Therefore, various industries can take benefit from the integrated material handling and production system and vertical ASRS concept. Therefore, growing adoption of ASRS in steel plants further provide significant to the market.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/material-handling-equipment-market
Moreover, introduction industry 4.0 in various sector further provide significant opportunity to the market. Many of today’s ASRS are equipped with Industry 4.0 technology. For instance, in order to support the food & beverage industry future-proof their operations, Swisslog (a division of KUKA AG) has developed Swisslog SynQ software, which is an Industry 4.0-ready roadmap that regularly integrates new functionality and advantages.
A Full Report of Global Material Handling Equipment Market is Available at: https://www.omrglobal.com/industry-reports/material-handling-equipment-market
Moreover, growing investment by the companies for automated systems is providing ample opportunities for the material handling equipment market growth. For instance, in December 2019, Coca-Cola European Partner (CCEP) has announced that it has received a funding of around $51 million over the period 2018-2019 for the installation of ASRS systems in CCEP’s Sidcup plant. Moreover, In December 2019, Landmark Arabia opened its fully automated mega distribution center (DC) in Dubai, UAE with a total investment of around $270 million. The distribution center is said to be the largest DC in the GCC region. In 2016, Boeing, an American multinational manufacturer of airplanes began to use this technology as part of a new; advanced manufacturing process for building its 777 fuselages. The technology was put in place to improve employee safety and product quality.
Chemical companies are adopting ASRS to achieve high throughput capacity with improved processes. Consoveyo Singapore Pte Ltd. Offers ASRS warehouse for chemical specialties providers. In November 2019, the company signed a partnership with a chemical specialty provider to deliver a 42-metre-high ASRS high-bay warehouse. This include four sets of double-deep stacker cranes, Rail Guided Vehicles (RGVs), and aisle racking, as well as high-speed doors, conveyors, and a complete range of warehouse management software in the project. As per the expansion plans, ASRS will enable the chemical companies to store a significant amount of raw materials, work-in-progress (WIP) materials, and finished goods that are undergoing curing and settling processes.
Global Material Handling Equipment Market Segmentation
By Product Type
Automated Storage and Retrieval System (ASRS)
Bulk Material Handling Equipment
Storage and Handling Equipment
Industrial Trucks
By Industry
Automotive
Aerospace & Defense
Retail & E-commerce
Chemical
Food & Beverages
Healthcare
Others(Electronics)
Global Material Handling Equipment Market – Segment by Region
North America
US
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
BEMUR Group
Bastian Solutions, Inc.
Crown Equipment Corp.
Daifuku Co., Ltd.
Eisenmann SE
Hanel Storage Systems
Honeywell International, Inc.
Hyster-Yale Materials Handling, Inc.
JBT Corp.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/material-handling-equipment-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Material Handling Equipment Market Size, Industry Trends, Growth and Forecast to 2020-2026 here
News-ID: 2091402 • Views: …
More Releases from Orion Market Research
Healthcare Distribution Market Size, Trends, Latest Insights, Analysis and Forec …
Global healthcare distribution market is anticipated to grow at a CAGR of 6.7% during the forecast period (2024-2031). Globally, a considerable increase in the burden of chronic diseases pressuring countries to adopt effective and efficient distribution of healthcare products. Commonly prevailing chronic diseases include heart attacks and strokes, cancer such as breast and colon, diabetes, epilepsy and seizures, obesity, and oral health issues.
To learn more about this report request…
Prediabetes Market Size, Trends, Latest Insights, Analysis and Forecast 2024-203 …
Global prediabetes market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing product expansion and new drugs in the market. For instance, in January 2024, Novo Nordisk announced the launch of its Wegovy, a GLP-1 analog in the UK. This drug can be prescribed to people with prediabetes and for weight loss purposes.…
Rapid Test Market Increasing Demand, Growth Analysis and Future Outlook by 2031
The global rapid test market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2024-2031). The increasing government initiatives for diagnosing infectious diseases owing to the growing prevalence of infectious diseases and the key developments by the market players. In order to monitor the infection rate of specific pathogens, infection monitoring and surveillance programs have grown over the past few several years. Rapid diagnostic…
AI in Patient Engagement Market Size, Trends, Latest Insights, Analysis and Fore …
Global AI in patient engagement market is anticipated to grow at a CAGR of 21.0 % during the forecast period (2024-2031). AI-powered communication tools support patients by addressing their inquiries, scheduling appointments, and providing information about their health conditions and treatments. These tools enhance patient engagement, improve access to healthcare information, and streamline administrative processes for healthcare providers. Furthermore, AI algorithms analyze large datasets, including electronic health records (EHRs), medical…
More Releases for ASRS
European ASRS Market Size, Share, Analysis, Industry Report and Forecast 2019-20 …
The European Automated Storage and Retrieval System (ASRS) Market is estimated to grow at a CAGR of 9.9% during the forecast period. European ASRS market covers the analysis of major economies including UK, Germany, Italy, Spain, France, and the Rest of Europe. The growing e-commerce industry, cross-border e-commerce sales, and increasing industrial automation are the major factors that are driving the growth of the ASRS market in the region. Moreover,…
Automated Storage & Retrieval System (ASRS) Market Report Up to 2031
Visiongain has published a new report on Automated Storage & Retrieval System (ASRS) Market Report to 2031: Forecasts by type (Vertical Lift Module (VLM), Unit Load, Mini Load, Others), by function (Distribution, Storage, Assembly, Order Picking, Others), by industry vertical (Food & Beverages, Metals & Heavy Machinery, Automotive, Retail, Healthcare, Others). PLUS Profiles of Leading Automated Storage & Retrieval System (ASRS) Companies and Regional and Leading National Market Analysis. PLUS…
European ASRS Market Trends 2019 | Segmentation, Outlook, Industry Report to 202 …
The European Automated Storage and Retrieval System (ASRS) Market is estimated to grow at a CAGR of 9.9% during the forecast period. European ASRS market covers the analysis of major economies including UK, Germany, Italy, Spain, France, and the Rest of Europe. The growing e-commerce industry, cross-border e-commerce sales, and increasing industrial automation are the major factors that are driving the growth of the ASRS market in the region. Moreover,…
Japan ASRS Market Size, Industry Trends, Share and Forecast 2019-2025
Japan automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 10.5% during the forecast period. The major factors that are driving the Chinese ASRS market include the rising focus of the warehousing companies towards automation and the significant growth of e-commerce and retail industries in the country. The e-commerce industry in Japan has witnessed considerable growth during the past decade. Some of the major…
China ASRS Market Size, Share, Trends, Growth, Analysis and Forecast 2019 - 2025
The China automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 11.3% during the forecast period. The major factors that are driving the China ASRS market include the rising focus of the warehousing companies towards automation and the significant growth of e-commerce and retail industries in the country. China has rapidly positioned itself as a global leader in terms of automation. According to the…
Global Automated Storage & Retrieval System (ASRS) Market Data Survey Report 202 …
The Global Automated Storage & Retrieval System (ASRS) Market advertise is ready to develop in by 2025. A Global Automated Storage & Retrieval System (ASRS) Market portion of the conspicuous patterns that the market is seeing is expansion in customer spending, overwhelming interest in R&D exercises by organizations to recognize their item lineup's, scaling down of material taking care of hardware and development openings/venture openings.
Get sample copy of report…
