- The key vendors in the global automated material handling equipment market 2015-2019 are Daifuku Co. Ltd., Dematic Corp., SSI Schaefer and Vanderlande Industries
London, 24 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global automated material handling equipment market 2015-2019. Rising demand form manufacturing industries is one of the major trends upcoming in the market. These industries are highly dependent on automated material handling equipment for production, storage, and transfer of materials. There is an inherent demand for power and minerals across the globe because of urbanization. Implementation of more efficient material handling equipment in industries can help meet this demand. The global automated material handling equipment market is expected to grow steadily at a CAGR of 4.61% during the forecast period of 2014-2019.
Companies have started adopting automated material handling equipment to attain higher customer satisfaction levels, which will increase the revenue of the company. Major customers for automated material handling equipment are distributed across various verticals such as the automotive and aerospace, F&B, pharmaceutical and healthcare, and e-commerce industries.
“Healthcare companies have started using automated material handling systems in various medical applications. An automated material handling system enables the pharmaceutical and healthcare sector to improve efficiency and productivity,” says Faisal Ghaus, Vice President of Technavio Research.
“The pharmaceutical and healthcare industry is extensively adopting automated material handling equipment for applications such as manufacturing and packing of pharmaceuticals, and assembling and packaging of medical devices.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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