6 months ago

Material Handling Equipment Market Trends Report & Forecast, 2017 – 2024

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These robots can efficiently transport objects from one location to other without human involvement. Industrial trucks usage has also increased in the recent times. The recurring transfer of goods from one place to other through a conveyor system is not at all a convincing option, which in turn is propelling material handling equipment market demand from industrial trucks sector. In a continuously developing dynamic manufacturing environment, automated storage & retrieval System (AS/RS) will also witness large scale adoption. (AS/RS) requires less human involvement, reduced floor space, and inventory levels, which puts them on a higher edge than manual storage approaches. E-commerce is expected to dominate the application landscape for material handling equipment industry in the years ahead. The advent of e-commerce has provided the customers with an infinite variety of choices, leading to a surging demand for faster deliveries worldwide. Numerous vendors of e-commerce industry are installing ware house management system for monitoring inventory levels, which is expected to have a direct impact on material handling equipment market growth chart. Asia-Pacific region is anticipated to witness substantial growth in material handling equipment industry in the coming timeframe. A major share of the region’s growth projection can be credited to the increasing industrial developments and the growing adoption of E- commerce across this belt that propels the implementation of material handling equipment. In addition to this, low labor and reduced transportation costs across these regions is allowing the manufacturers to incline toward automated systems, which in turn is influencing the regional growth. Material handling equipment market is highly competitive with more number of industry participants investing in research activities to upgrade the product portfolio. Though high maintenance cost is acting as a major challenge for the market players, yet global consumer cravings for integrating advanced technologies in logistics operations is expected to catalyze the market demand. Some of the key players in material handling equipment industry include Kion Group AG, Daifuku Co. Ltd, Bastian Solutions LLC, Dematic GmbH, etc. Request for A Sample Copy of This Report@ © 2018 Global Market Insights Inc. All Rights Reserved

About Global Market Insights Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone:1-302-846-7766 Toll Free: 1-888-689-0688 Email: Web: Social Media: Google+ | LinkedIn | Twitter | Facebook © 2018 Global Market Insights Inc. All Rights Reserved

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