World Material Handling Products to 2018

  • Technical Articles
  • Jul 09,15
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World Material Handling Products to 2018

The World Material Handling Products to 2018 market research report from the well-known Freedonia Group forecasts the global demand for material handling equipments to rise 5% annually to USD 140 Bn by 2018. Gains will be strongest for sales of advanced equipment such as automated conveyors and automated guided vehicles. Automated products reduce the required labour input in operating machinery, helping to curtail labour costs. Energy efficient products, such as electric lift trucks, will also see solid gains as end users seek to reduce costs.

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The report predicts India and China, among the worldwide material handling products market, will see the strongest gains, in large part because of rising manufacturing output that will spur demand for equipment to facilitate distribution and production. West European markets include many of the most intensive users of material handling equipment in the world, because manufacturers in the region have long been among the leaders in adopting automated equipment as a response to high domestic labour costs. The US will continue to be the world's largest material handling product market, benefiting from an improved outlook for fixed investment spending. This will encourage US manufacturers to invest in new equipment, particularly labour-saving automated products.

The study analyses world supply of and demand for material handling systems and equipment. Among the products included in this study are forklifts and other industrial trucks and lifts; unit and bulk handling conveyors; hoists, cranes, and monorails; automated storage and retrieval systems; automated guided vehicles, other types of hardware, and unbundled material handling software; and associated parts and attachments. Excluded from the scope of the study are aerial work platforms, construction-type cranes, and similar items sometimes considered as material handling, as well as related services (e.g., equipment maintenance).

Complete report is available at http://www.reportsnreports.com/reports/299612-world-material-handling-products-to-2018.html

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