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Outlook of Material Handling Equipment Market status and development trends reviewed in new report

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Title: Outlook of Material Handling Equipment Market status and development trends reviewed in new report


1
Material Handling Equipment industry analysis
research and trends report for 2018- 2024 Global
Market Insights, Inc.
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
  • Global Market Scenario of E-Commerce Industry
  • Material Handling Equipment Market  to exceed USD
    190 billion by 2024 according to a new research
    report by Global Market Insights, Inc.
  • Growing automation capabilities in the
    manufacturing space coupled with increasing
    penetration of advanced technologies, such as
    IoT, RFID, and AI, are expected to drive the
    material handling equipment market growth.
  • Automated material handling systems are gaining
    popularity with the growing inclination of
    industries to replace human labor with automated
    systems.
  • Rising labor costs in countries including China
    India will support the Material Handling
    Equipment Market growth. The booming
    manufacturing sector in the region coupled with
    high-cost labor is compelling manufacturers to
    use sophisticated machinery to ensure high
    throughput in lesser time.
  • RFID, IoT, and Automatic Identification Data
    Capture (AIDC) technologies are becoming
    significantly popular as they improve the order
    fulfillment processes and help in enhancing
    productivity across the supply chain.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
Continue-
  • Conventional manual techniques reduce the
    productivity and lead to time consumption.
    Traditional techniques for material handling are
    also prone to errors caused by human fatigue.
  • Moreover, they also pose a restriction to the
    amount of load that can be transferred or stored.
    Bulk material handling storage systems and
    industrial trucks are facilitating the management
    of large volumes of data thereby reducing the
    unnecessary time consumption.
  • Real-time technical challenges in the operation
    of these systems with the requirement of high
    capital investment are anticipated to negatively
    impact the material handling equipment market.
  • The complexity involved in the integration of
    hardware and software for manufacturing
    facilities is restricting companies that have
    budgetary constraints from adopting these
    systems. Moreover, cybersecurity threats in these
    systems are also factors hindering the industry
    growth.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
Request for a Sample Copy of this Report
_at_ https//www.gminsights.com/request-sample/detail
/1384
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
  • 360 Industry Analysis
  • The robotics segment in the material handling
    equipment market is expected to witness
    significant CAGR of over 8 to reach over USD 20
    billion by 2024 owing to the demand for
    high-performance robotic systems across various
    industry verticals. Robots facilitate easy and
    fast pick place of material thereby ensuring
    accuracy and eliminating human involvement.
  • The rising awareness about the advantages of
    automated systems globally will fuel the demand
    for robots across industries. Extensive RD
    undertaken in the field of robotics AI in
    countries including Japan and China is expected
    to fuel the material handling equipment market
    over the forecast period. The incorporation of
    machine learning capabilities in the robots to
    increase productivity with predictive maintenance
    further contributes to the industry demand.

Request for customization_at_ https//www.gminsights.
com/roc/1384 Browse Report Summery _at_
https//bit.ly/2q4d7Cq
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6
  • Regional Analysis
  • The developments in the manufacturing sector in
    countries such as Japan, China, and India are
    expected to propel the material handling
    equipment market growth. These systems are
    increasingly being adopted in warehouses and
    production facilities for automating all
    processes. The growing transportation logistics
    industry in the U.S. is providing growth
    opportunities to the industry value at over USD
    25 billion in 2017. The early technology adoption
    in the region and the ongoing RD in the U.S.
    will fuel the material handling equipment market
    demand.
  • Competitive Analysis
  • Key vendors in the material handling equipment
    market comprise Hyster-Yale Materials Handling,
    Inc., KUKA AG, Kion Group AG, JBT Corporation,
    Flexlink, Intelligrated, Inc., Dematic GmbH
    Co., KG., Columbus McKinnon, and Daifuku Co.,
    Ltd. Companies are trying to launch new solutions
    and expand the product portfolio. The industry is
    characterized by strategic acquisitions and
    collaborations with technology providers to offer
    enhanced solutions. Players are stressing on
    manufacturing solutions that cater to specific
    industry demands and complying with the standards
    and regulations operating in the industry.

Make An Inquiry To Purchase This Report _at_
https//www.gminsights.com/inquiry-before-buying/
1384
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
7
Latest Research Report On Material Handling
Equipment Market _at_ https//www.gminsights.com/indu
stry-analysis/material-handling-equipment-market
Request for sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
1984 Request for customization https//www.gmi
nsights.com/roc/1384
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
8
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
www.gminsights.com
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