Material Handling Equipment Market Volume Forecast and Value Chain Analysis 2014 - 2020
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The importance of material handling equipment is growing exponential among industries
such as aerospace, agriculture, automotive, etc., as managing the manufacturing plant or
warehouse has become an essential operation to look for. Material handling involves,
managing the storage and movement of good & products in the warehouse or
manufacturing plant. Material handling increases the productivity by improving the
logistics in the manufacturing plant.
Material handling equipment are required in warehouse or manufacturing plant for quick
movement of goods or products, locating stock, preparing orders and localizing stock.
Need of optimum utilization of equipment, demand for flexibility in warehouse
operations, customer satisfaction, supply chain transparency, vision guided robotics, to
reduce excessive downtime at warehouse, growing automation and technology
advancements in material handling equipment are driving the market for global material
handling equipment market. The global material handling equipment market growth is
inhibited due to growing material handling equipment prices, rising steel prices and lack
of skilled labor.
Different types available in material handling equipment market are conveying
equipment, bucket conveyor, screw conveyer, vibrating conveyer, roller conveyer,
magnetic belt conveyer, chain conveyer, platform truck, walkie stacker, pallet jack,
platform truck, etc. The global material handling market can be segmented on the basis
of product type such as conveying equipment, industrial trucks & lifts, hoist, cranes &
monorails and automated material handling equipment. Many industries use material
handling equipment to increase their productivity and accuracy.
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The global material handling equipment market is segmented on the basis of end use
industries such as Aerospace, Agriculture, Air Cargo, Automotive, Building and
Construction, Electrical & Electronic Equipment, Industrial Machinery, Shipping Industry,
Warehousing, Postal/Express Delivery and others. Currently, these industries are
experiencing steady growth in regions like Asia Pacific, Europe and North America.
Currently, global material handling equipment market is dominated by Asia Pacific region,
which is estimated to capture 30-40% of the global material handling equipment market
value. Asia Pacific is followed by Europe and North America. Global material handling
equipment market is expected to grow at a CAGR between 3-6% from 2014-2020, and in
future, Asia Pacific is forecast to continue its dominance in global material handling
equipment market, due to expected growth in end use industries.
Global material handling equipment market has key players mainly from North America,
Western Europe, Japan and China. Some of the key players in this industry are Liebherr
Group, KION Group AG, Jungheinrich AG, Viastore Systems GmbH, WITRON Logistik +
Informatik GmbH, Eisenmann AG, Beumer Maschinenfabrik GmbH, Jervis B. Webb
Company, Columbus McKinnon Corporation, Crown Equipment Corporation, Hyster-Yale
Materials Handling, Inc., Hytrol Conveyor Co., Inc., Manitowoc Company, Inc., Xuzhou
Heavy Machinery Co., Ltd. And Toyota Industries Corporation.
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Currently, global material handling equipment market is experiencing consolidation
between industry players. For example, in 2013, Interroll acquired Portec Group
International, Kalmar acquired Mareiport, and Toyota industries acquired Cascade in
2012. Companies are also entering into strategic partnerships in material handling
equipment market, for instance, in 2014, Liebherr and Kamaz entered in strategic
Global material handling equipment market is experiencing increasing automation, safety
and productivity. Companies are focusing on innovating equipment based on above three
factors and as per customer requirements. In Future, we expect to see emergence of high
control methodologies in material handling equipment market. Integration of electronic
intelligence with material handling equipment is expected to change the global material
handling equipment market during next 5-6 years.
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