Material Handling Equipment Industry by Product, Application, Market Share, End User, Trend, Opportunity Analysis and Industry Forecast to 2020

Publisher's market research analyst predicts the global material handling equipment market to grow at a steady CAGR of 6% by 2020. Several end users such as the retail, automotive, and pharmaceutical sectors are incorporating automated technology into material handling equipment. They are automating the entire production process starting from manufacturing, distribution, consumption and disposal. Some of the advanced automation systems include automated storage systems in warehouses, electrical trucks, and forklifts in the pharmaceutical sector, robot delivery systems in food and beverage and baggage transport systems in the airport. Automated material handling equipment maximize the storage capacity and the efficient use of vertical space. The benefits associated with the automation technology across all end-user sectors will boost the growth of AMHE and subsequently the material handling equipment market during the forecast period.

Vendors have come up with various advancements in warehouse data owing to the rapid changes in the consumer landscape. They have introduced telematics solutions and tracking sensors into material handling equipment, which offers data management solutions that help companies effectively manage their fleet and drivers in warehouses. For instance, Owens & Minors, a national distributor of material handling equipment in the US, operates electric forklifts enabled with sensors that tracks information about battery use, truck utilization, and service needs.

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Competitive landscape and key vendors

This market is highly competitive with few major global players and many small vendors who offer a wide range of material handling equipment from manually operated trucks to fully automated warehouses. Intense competition prevails in the market where the players contend to expand their market revenue and geographical reach. A major part of the market in developing countries is highly fragmented with many small vendors manufacturing smaller components and spare parts of material handling equipment. The market players will focus on R&D during the forecast period as most players are manufacturing material handling equipment integrated with automation and advanced technology like sensors and RFID tags.

Leading vendors in the market are –

Beumer

Daifuku

Dematic

SSI SCHAEFER

Vanderlande

Clark

Crown Equipment

Columbus Mckinnon

Other prominent vendors in the material handling equipment market include Allied Conveyor Systems, Caterpillar, Dearborn Mid-West Conveyor, Dorner Conveyors, Dynamic Conveyor, FMC Technologies, Intelligrated, RUD, Shuttleworth, Swisslog, and Taikisha.

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Market driver

-Adoption of disruptive technology: the Internet of Things

-For a full, detailed list, view our report

Market challenge

-Inadequate skills in labor force

-For a full, detailed list, view our report

Market trend

-Use of hydraulic components in material handling equipment

-For a full, detailed list, view our report

Complete Report is Available at: http://www.reportsweb.com/global-material-handling-equipment-market-2016-2020

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