- The key vendors in the material handling equipment market in Asia 2015-2019 are Crown Equipment Corp., Hyster-Yale Materials Handling Inc., Jungheinrich AG, KION Group AG and Toyota Industries Corp.
London, 13 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the material handling equipment market in Asia 2015-2019. Emergence of new procurement channels is one of the key trends being observed in the market. The availability of rent-based material handling equipment encourages end-users to use advanced material handling equipment with low investment. The material handling equipment market in Asia is expected to grow at a CAGR of 9.47% during the forecast period of 2014-2019.
“Manufacturing units are opting for miniaturization of products because of the demand for advanced material handling equipment that is small yet efficient,” says Faisal Ghaus, Vice President of Technavio Research.
“Miniaturization reduces the total cost of machinery installed. Compact material handling equipment makes it simpler for operators to monitor and optimize the process.”
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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