- The key vendors in the global material handling equipment market 2015-2019 are Beumer Group GmbH, Cargotec Oy, Clark Material Handling Co., Columbus McKinnon Corp., Crown Equipment Corp., Daifuku Co. Ltd., Dematic Group Sarl and SSI Schaefer
London, 22 April 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global material handling equipment market 2015-2019. Increased R&D is one of the key trends being witnessed in the market for product differentiation and also to produce highly efficient material handling systems. The focus is on using electronic intelligence in material handling products. Future AGVs in particular are expected to navigate seamlessly around pallets and other temporary obstructions that might block their movement. The machines are being designed to assess an aisle for congestion and automatically re-route the path in case of lack of space for movement. The global material handling equipment market is expected to grow at a CAGR of 6.08% in terms of revenue during the forecast period 2014-2019.
“The need to increase the capabilities has forced end-users to look for different procurement channels. There is an increased affinity by end-users to procure forklifts and other industrial trucks on a rent or lease basis,” says Faisal Ghaus, Vice President of Technavio Research.
“The availability of rent-based material handling equipment would encourage end-users to use advanced material handling equipment. This in turn will drive the global material handling equipment market during the forecast period.”
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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