London, 16 December 2015: Technavio, the independent tech-focused global research firm, has published a report on the material handling equipment market in Europe 2015-2019, which is expected to grow at a CAGR of 4.95% during the period of 2014-2019.
“Many companies are now building smaller and more efficient material handling systems, reducing the total cost of machinery installed and making it easier for operators to monitor and optimize the process,” says Faisal Ghaus, Vice President of Technavio.
“Conveyors, battery charging stations robots, pick carts AS/RS, AGVs, forklifts, dock equipment, ventilation, and air conditioning systems will be connected to warehouse controls, labor departments, transportation centers, and order and customer management systems.”
The well-developed sea trade in Europe offers immense growth potential for material handling equipment sales in ports. Customers need infrastructural projects to be completed in minimal time, which has resulted in the adoption of material handling equipment by companies as a primary tool for fast infrastructural development. The deployment of optimal and efficient material handling equipment also reduces dependence on manual labor. Russia, Poland, Germany, France, Italy, and the UK, are the major revenue contributing European regions in the material handling equipment market.
Key Market Drivers
- Rising adoption of material handling equipment in different industries
- Economic recovery
- Demand from pharmaceutical and healthcare sector
- Cost saving to end-users
Key Market Trends
- Rising synchronization between systems
- Growing demand for automation across all product segments
- Rising adoption of rented material handling equipment
- Evolving key performance indicators
Key Market Vendors
- Dematic
- Jungheinrich
- Daifuku
- KUKA
- Cargotec
- Columbus McKinnon
To define the market circumstances 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.
If you are interested in more information on this topic and our upcoming research on the Material Handling Equipment Market in Europe 2015-2019, please send an e-mail to media@TechNavio.com.
Follow us on Twitter @ Technavio
Like us on Facebook
Follow us LinkedIn
Connect with us on Google+
