Material Handling Equipment Market in the US 2015-2019
About Material Handling Equipment
Material handling equipment provides an efficient, accurate, and cost-effective method of moving goods easily and swiftly across an organization. In addition, it reduces the amount of time required for the construction of residential, commercial, and industrial buildings, as well as for the completion of projects such as roads and railways. Material handling equipment such as pick and carry cranes, forklifts, slew cranes, crawler cranes, tower cranes, hoists, and conveyers are being adopted by companies across industries such as Automotive, Mining, Food and Beverages, Industrial Machinery, Aerospace, Shipbuilding, Power and Energy, Refinery, Retail, and Electrical and Electronics.
TechNavio's analysts forecast the Material Handling Equipment market in the US to grow at a CAGR of 4.94 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Material Handling Equipment market in the US during the period 2015–2019. For ascertaining the market size and vendor share, the report considers the revenue generated from the sales of material handling services and products in the US.
TechNavio's report, Material Handling Equipment Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Material Handling Equipment market in the US landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Material Handling Equipment Market in the US 2015-2019
TechNavio recognizes the following companies as the key players in the Material Handling Equipment Market in the US: Beumer GmbH, Columbus Mckinnon Corp., Daifuku Co. Ltd., Dematic Group Sarl and SSI Schaefer.
Other Prominent Vendors in the market are: Crown Equipment, Intelligrated, JBT, Jervis B. Webb, Si Systems, Swisslog, System Logistics, TGW Logistics and Witron.
Commenting on the report, an analyst from TechNavio’s team said: “One key trend being witnessed in this market is the incorporation of electronic intelligence in material handling equipment. Sensors and power backup are incorporated into advanced material handling equipment to increase safety, accuracy, and reliability.”
According to the report, one of the major drivers of this market is the healthy economic condition. A majority of the developed countries and economies have reduced their systemic risks to stabilize business, consumer, and investor confidence through several policy initiatives.
Further, the report states that one of the main challenges in the market is the high cost of material handling equipment. The high cost of material handling equipment decreases its adoption across small and medium enterprises.
Beumer, Columbus Mckinnon, Daifuku, Dematic Group, SSI Schaefer, Crown Equipment, Intelligrated , JBT , Jervis B. Webb , Si Systems , Swisslog , System Logistics, TGW Logistics , Witron