Key vendors are focusing on lean manufacturing and distribution to increase their sales
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global material handling equipment market in their latest research report. This report also lists 11 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of the products for the following functionality.
- Industrial truck: This includes forklifts and lift trucks for applications from the mining, manufacturing, and construction industry.
- Conveyor systems: Technologically advanced conveyor systems offer better flexibility, higher speed, higher efficiency, and are easy to operate in automotive, food and beverage, and retail industry.
This Technavio report, under packaging vertical, is based on the synthesis, analysis, and interpretation of information about the global material handling equipment market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global material handling equipment market is highly competitive due to the presence of various international and regional players. The manufacturers compete by offering material handling equipment such as manually operated trucks to fully automated warehouses. The companies are offering a comprehensive range of products to expand their product portfolio and to increase their profitability. Many companies are manufacturing smaller components and spare parts of material handling equipment to sustain the competition in the market. The players are focusing on research and development to introduce manufacturing material handling equipment integrated with automation and advanced technology like sensors and RFID tags. The increasing investment on technology and growing demand from pharmaceutical, food and beverage and automotive sector will help the vendors to increase their production capabilities resulting in the growth of the market during the forecast period.
“The vendors are implementing lean manufacturing and distribution in their distribution centers to increase the productivity. Lean manufacturing and distribution is a systematic method for eliminating waste within a manufacturing or distribution system. The use of this methodology help streamline and accelerates material flow, eliminate unnecessary handling, improve inventory management, and maximize facility utilization,” says Sharan Raj M, a lead analyst at Technavio for research on packaging.
Top five vendors in the material handling equipment market space
Beumer Group
The company specializes in designing technologies for conveying, loading, palletising, packaging, sortation, and distribution. It offers products and services to many industries that include cement, fertilizer, mining, and pharmaceutical. It also develops and produces mechanical handling equipment such as belt, pipe, and apron conveyors, bucket elevators, alternative fuel handling equipment, and storage and blending beds.
Key products: Belt conveyors, Pipe conveyors, and Alternative fuel handling equipment.
Daifuku
Daifuku caters to the logistics systems and material handling equipment and undertakes the engineering, consulting, designing, manufacturing, installation, and after-sales services. Its operations are categorized through different business categories including factory and distribution automation, e-factory automation, automotive factory automation, airport baggage handling systems, lifestyle products, and electronics.
Key products: Chainless conveyor systems, Chain conveyor systems, and Daifuku electrified monorail system.
Dematic
The company offers various intelligent intra-logistics and material handling solutions and is engaged in the designing, manufacturing, implementation, and supporting of automated material handling and logistics systems. It offers services that include remote services, field service operations, resident services, modernization and upgrades, and consultancy and training. It caters to various industries, including general merchandise, direct distribution B2C, wholesale B2B, manufacturing, apparel, food and beverage, grocery and food service, and third-party logistics.
Key products: Pallet conveyors, Divert systems, Overhead monorails, and Dematic case and tote (package conveyors).
SSI SCHAEFER
The company provides a various services ranging from customized designs to warehouse furnishing. It is the largest components manufacturers and total solutions providers to various sectors like logistics systems, workstation, storage and conveying, logistics software, and waste management technology. Its products and services include general contractor services, automatic order picking, manual order picking, handling systems and robots, conveyor systems, and storage and retrieval machines.
Key products: Pallet conveying systems, Overhead conveyors, SSI autocruiser, Case conveyor system, and Plastic belt conveying system.
Vanderlande Industries
The company provides automated material handling systems and associated services for airports, parcel and postal sortation facilities, and distribution centres worldwide and serves food retail, fashion, parts and components, and e-commerce industries. The company’s baggage handling systems are supported with software and lifecycle services and enables operators to design an integrated logistic planning for their respective operations.
Key products: Check-in conveyor, Human intrusion detection system, and Automated bag drop.
Other prominent vendors in this market include Allied Conveyor Systems, Caterpillar, Dearborn Mid-West Conveyor, Dorner Conveyors, Dynamic Conveyor, FMC Technologies, Intelligrated, RUD, Shuttleworth, Swisslog, and Taikisha.
A more detailed analysis is available in the Technavio report, Global Material Handling Equipment Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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