© 2016 Global Market Insights, Inc. USA. All Rights Reserved Material Handling Equipment Market – USD 190 Billion revenue by 2024: Fractovia.org

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Toyota Industries Corporation - a Japanese manufacturer has recently taken a full-scale entry into the North America Material Handling Equipment Market by its recent acquisition of Bastian Solutions LLC - a leading system integrator. This signifies the high degree of competition in material handling equipment industry where the companies are aggressively involved in strategic collaborations and merger and acquisitions. Some other prominent players actively partaking in material handling equipment industry include Daifuku Co. Ltd, KION Group, Dematic GmbH & Co., and Bastian Solutions LLC.  Material handling equipment market is gaining significant traction, owing the equipment’s capability to provide ease of material transfer with better efficiency, which is likely to lead to a rapid pickup in the demand of these products. Growing industrial deployment of material handling equipment have significantly reduced manual errors and to some extent have also eliminated the need for human workforce to carry out monotonous tasks. The evolution in the technology with IoT, RFID, and voice picking, has now enabled delivery of smooth warehouse & logistics operations to meet customer demand. Key Insights of Material Handling Equipment Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  A notable boost in the investment for installing these machineries in warehouses have provided a significant impetus to material handling equipment industry share. The global Material Handling Equipment Market was worth USD 110 billion in 2015, and is poised to grow at a rate of 5% over the period of , as per a report by Global Market Insights, Inc.  Swift changes in consumer preferences have constantly kept the companies operating in material handling equipment industry to integrate their products offerings and solutions to keep up with the growing demand. Vanderlande Industries, for example have launched a new product offering called the AIRTRAX- an innovative and reliable warehouse solution that offers high performance. The new product comes with a wide range of benefits and features and is capable of moving hanging goods with ease across large distances. These types of products are being a major hit in the fashion industry and the E-commerce sector.  Fast, undamaged, and timely deliveries are somehow a mandate in the E-commerce industry. As a consequence, these companies are witnessing heavy deployment of material handling equipment such as the industrial trucks with monitoring capabilities to enhance their efficiency. The installation of material handling equipment has aided in transferring more number of pallets per shift and minimize product damage as well. Continued…

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Material Handling Equipment Market Size, By Application, 2015 & 2024 ($ Bn)

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Several companies in material handling equipment market have incorporated warehouse management systems(WMS) to better control and monitor the inventory and the stock locations. With the recent development of omni-channel distribution facilities, the ease in ship- to-consumer, in-store pick-up, returns processing, specialty labeling, ship-to-store and product customization has further accelerated the growth of material handling equipment industry.  The rapid industrial developments and urbanization has the most prominent impact on the global material handling equipment market share. The demand for these products is rising exponentially in the emerging economies of Asia Pacific. Growing technological advances coupled with cheaper transportation cost and minimal labor wages have attracted many material handling equipment market players to invest in the region. India is one of the prominent country projected to witness a major upswing in its material handling equipment market share. A robust surge in the region’s manufacturing activities have resulted into a growing need for automation in the industries. Continued….

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