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. That will put the global material handling equipment at $104 billion in sales by 2010 according to a new report by Global Industry Analysts, Inc.
Drivers for growth include increasing demand for equipment for handling smaller packages from the E-Retailing sector, innovation, ergonomics, safety and environmental concerns. Additionally several emerging trends in lift truck market coupled with innovations continue to redefine the material handling business, according to the report.
Europe and U.S. are projected to be the leading regional markets for material handling equipment capturing about 55% of the worldwide sales by 2010.
Rapidly expanding infrastructure needs of automobile, construction, energy, electronics, food and beverage, and retail and warehousing sectors from Asian countries such as China are expected to drive future demand. Asia-Pacific is the fastest growing regional market, projected to record sales of $25 billion in 2009.
Iindustrial trucks and lifts market represents the largest sector and is projected to exceed $7 billion by 2010 in the United States. Growth is expected in India, Russia, Mexico and Turkey as well.
Advanced and automated equipment such as automated guided vehicles, robots; and software and other services such as project management and system design are expected drive growth and sales in the overall market. Apart from enhancing productivity, such equipment can be easily integrated into automated factory and warehouse environments. In Europe, automated material handling equipment market is projected to grow at the fastest rate over the analysis period 2001-2010, from an estimated $7 billion in 2007.
For more details of this research report ,"Material Handling Equipment: A Global Strategic Business Report," please visit http://www.strategyr.com/Material_Handling_Equipment_Market_Report.asp