| Product Code | FED00218 |
|---|---|
| Publication Date | September 2008 |
| Publisher | Freedonia Group |
| Product Type | Report |
| Pages | 431 |
The world market for material handling equipment and systems is projected to increase more than five percent per year through 2012 and exceed $120 billion (including price increases). Generally healthy economic conditions will support gains in global material handling demand, especially in rapidly developing areas such as China and India, where rising manufacturing output and fixed investment will fuel growth. The advanced nations of North America, Western Europe and the Asia/Pacific region (i.e., Australia and Japan) comprise relatively mature markets for material handling. A healthy economic outlook coupled with a pickup in fixed investment will support material handling demand in the US, while expanding manufacturing output will support gains in Japan and Western Europe.
Most of the largest and most advanced material handling industries are located in advanced nations, particularly those that have large, well-developed home markets, technical expertise in manufacturing higher-value products and access to factors of production such as capital and labor supplies. However, China has become a major producer, benefitting from a low cost wage pool and export opportunities to developing Asian economies.
Durable goods manufacturers accounted for the largest portion of global material handling equipment demand in 2007.
Growth over the forecast period will benefit from rising production in key markets such as the motor vehicle industry. Demand from nondurable goods manufacturers will also advance, due to solid growth in the chemicals and food and beverages markets.
Demand for conventional material handling products -- such as industrial trucks and lifts, conveyors, hoists, cranes and the like -- will benefit from rapid industrialization in developing nations.
Advanced/automated material handling products such as robots and automated guided vehicles (AGVs) will post the best gains, as will software and high-end services like systems design and project management. These types of products and services can enhance the productivity of the material handling function, and are amenable to integration into larger-scale factory automation and automated warehouse-type environments.
Details on these and other key findings are available in the new Freedonia industry study, World Material Handling Equipment. Priced at $5700, this study presents historical demand data (1997, 2002 and 2007) plus forecasts for 2012 and 2017 by material handling equipment product, end use market, world region and major national market. In addition, the study considers market environment factors, assesses the industry structure, evaluates company market share and profiles global competitors.
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