Sector headed for USD148 billion

News Story
- 28 Jul 2016 ( #780 ) - Dublin, Ireland
1 min read
A new report predicts that the global materials handling market will reach USD148.5 billion by 2021.

Research and Markets estimates that the market was worth USD115.3 billion last year.

The report attributes growth to improving economic conditions that have boosted investment in the construction sector and also the spending pattern of consumers. Another factor for growth in the materials handling market is rising labour costs, which has led to investments in these solutions to cut down on operating expenses.

A focus on workplace safety is also augmenting the demand for these solutions.

The report identifies the Asia Pacific as the major market for materials handling equipment, followed by Europe, the Middle East and Africa (EMEA) and the Americas region.

Europe and North America were the early adopters of materials handling solutions for different industries and the trend caught on across different countries, leading to its dominance in the global materials handling market.

It is predicted that the Asia Pacific will emerge as the fastest-growing market and high growth will be observed across major economies like China and India, which are fast becoming the major markets for this equipment, driving the materials handling industry over the forecast period.

The report singles out automated guided vehicles and automated storage/retrieval systems as products destined for maximum growth due to increasing demand arising from different industry verticals.

Research and Markets publishes industry data on a range of sectors.
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Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist - Rocla AGV Solutions

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MTC Forklifts b.v. is an international wholesale company specialised in buying & selling forklifts, port equipment & aerial platforms. We deliver worldwide from our yard in the Netherlands. Check these specials:

2017 Combilift ESL2575 | 2012 Hubtex S50D
2014 JCB 930-4 | 2013 Hyster H18XM-12
2015 Genie GS1932 | 2015 Doosan BR16JW-7
2013 Caterpillar NSR12N | 2011 Nissan PLL180 

CONTACT US!   View our full stock of used machines. 

Inside The News
Hydrogen fuel cells are in the news again this week, with an unnamed American car maker choosing the fuel source to run the materials handling fleet at a new manufacturing plant... Continue reading

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Showcased in the Virtual Expo

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

MTC Forklifts b.v. is an international wholesale company specialised in buying & selling forklifts, port equipment & aerial platforms. We deliver worldwide from our yard in the Netherlands. Check these specials:

2017 Combilift ESL2575 | 2012 Hubtex S50D
2014 JCB 930-4 | 2013 Hyster H18XM-12
2015 Genie GS1932 | 2015 Doosan BR16JW-7
2013 Caterpillar NSR12N | 2011 Nissan PLL180 

CONTACT US!   View our full stock of used machines.