Global material handling equipment market is projected to reach US$113.5 billion in sales by 2010, according to Global Industry Analysts, Inc., San Jose, Califonia, which analyzes current and future market prospects. While mature and industrialized nations in Western Europe and United States dominate the global production and exports scenario, Asian economies are set to play a significant role in production and consumption of industrial machinery.
Material handling equipment, an integral part of any plant, warehouse or distribution system, is dependent on the general state of a nation's economy. Tendency toward complete integration of material handling systems with procurement systems, manufacturing management systems and shipping operations is expected to bolster demand for automation equipment and software. Increasing demand for equipment for handling smaller packages from the E-Retailing sector, innovation, ergonomics, safety and environmental concerns comprise general growth drivers. Several emerging trends in lift truck market coupled with innovations continue to redefine the material handling business.
Among the segments analyzed, industrial trucks and lifts market represents the largest, pegged at an estimated US$34.3 billion in 2007. Automated material handling equipment market represents the fastest growing over the analysis period 2001-2010. The segment market is projected to reach US$25.7 billion by 2010. Europe, Asia-Pacific, and United States emerge as the leading regional markets for material handling equipment capturing more than three-fourths of worldwide sales. Asia-Pacific is the fastest growing regional market, projected to record sales of US$27 billion by 2010. Rapidly expanding infrastructure needs of automobile, construction, energy, electronics, food & beverage, and retail & warehousing sectors from Asian countries such as China are expected to drive future demand. In Europe, the conveying equipment market represents the largest, estimated at US$12 billion for 2007.
Globalization has set the trend for outsourcing and ongoing industrialization in developing nations, thereby resulting in emergence of new low-cost equipment manufacturers, particularly in Asian nations. Increasing tendency towards integration of material handling equipment with other company systems has also contributed towards market growth. Germany and Japan are by far the major net exporters, and would be soon facing competition from China and South Korea, as they become important global suppliers over the next several years.
More than 1,200 companies participate in the manufacture and sale of material handling equipment and systems the world over.
The report titled "Material Handling Equipment: A Global Strategic Business Report" published by Global Industry Analysts, Inc. analyzes current and future market prospects over the review period 2001-2010. Demand patterns are quantified across all geographic markets. The report offers discussions on the rising significance of logistics management, advent of innovative conveyor systems driven by changing consumer requirements, and the impact of technological innovations on growth prospects. The study reviews various end-use markets, and examines major technological breakthroughs in the material handling equipment market. The report also offers detailed company profiles and enumerates recent developments, mergers, acquisitions and other strategic industry activities.
For more details of this research report please visit www.strategyr.com/MCP-1024.asp.