What is happening in the Material Handling Equipment Market?

The reduced productivity and increased time consumption of the traditional human techniques has urged the need for companies to create high-performance material handling systems. The demand for automated pick & place robots in on the rise due to the remote control they offer plus the precise operational capability.

The incorporation of advanced technologies into the equipment that ensures enhanced throughput is a key factor influencing the material handling equipment market growth.

Leading players are investing in the R&D of automated systems to enhance the productivity and launching new advanced solutions to strengthen their market presence.

Increasing number of companies expanding their product lines and offering automation solutions is expected to drive the material handling equipment market. Strategic acquisitions to expand the market presence are a trend amongst the major players. For instance, in 2015, Columbus McKinnon announced the acquisition of Magnetek, which helped in augmenting its material handling applications and offering enhanced solutions.

Another recent merge was played by Toyota Industries and Bastian Solutions LLC, the deal meant the full-scale entry of Toyota in North America material handling equipment market which has stood as one of the most remunerative business spheres in the construction domain.

According to Global Market Insights, growing demand for the storage & handling equipment, industrials trucks, AS/RS, and robotics across several industry verticals, such as e-commerce, 3PL, food retail, food & beverage, and general merchandise, is helping the material handling equipment market growth. The rising awareness about the benefits of automation is compelling companies to replace traditional techniques with new and advanced solutions

The robotic technology will also mark a disruption of sorts in this domain, primarily fueled by the demand for cost-effective and efficient approaches.

Some of the TOP players in the industry are:
Bastian Solutions, LLC
KUKA Robotcis
Beumer Group
Columbus McKinnon
Flexlink
Hyster-Yale Materials Handling, Inc.
Jungherinrich AF
JBT Corporation
Siemens
Liebherr Group

If you want to know more about the research and forecast for the material handling equipment market visit the links below;
https://www.gminsights.com/industry-analysis/material-handling-equipment-market
https://www.openpr.com/news/1535954/Material-Handling-Equipment-Market-Regional-Revenue-2018-By-Global-Players-KUKA-Robotics-Siemens-Vanderlande-Liebherr-Group-Dematic-Hyster-Yale-Group-Jungheinrich-AG.html