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.
AWP rental fleet exceeds million
AWP rental fleet exceeds million 7 May 2015 - Crooklands, United Kingdom - 2 min read
First Genie boom lift and telehandler for Saudi
First Genie boom lift and telehandler for Saudi 2 Apr 2015 - Dubai, United Arab Emirates - 2 min read
Eastern European firm marks 20th anniversary
Eastern European firm marks 20th anniversary 18 Dec 2014 - Bratislava, Slovakia - 1 min read
Previously about:
Global telehandler market continues to grow News Story - 9 Oct 2014 - Dublin, Ireland - 1 min read
China’s general equipment industry up News Story - 14 Aug 2008 - Dublin, Ireland - 1 min read
Do you have materials handling news? Submit your news here

PREMIUM business

GemOne
Telematics for industrial fleets. Fleet & safety management solutions: track vehicles, boost efficiency, operate safer, & avoid unexpected downtime.

Trelleborg expertise in material handling applications has led to the development of the XP1000 forklift tire. Specifically designed for maximum intensity applications, it is the perfect tire for warehouse operations, port yards, shop floors, and more.
The XP1000 gives maximum strength to maximum intensity applications. You can count on top performance at top speeds, heavy loads and long days.
- Maximum value for your operations
- Maximum reliability and safety for machine operators

Contact us to find out more! 

Words of support …

After advertising with Forkliftaction.com, we got many enquiries regarding interest to be our distributor. Mostly from Europe and USA but including a few in ASEAN. We feel that the advertisement was useful and good for market expansion.

Lawrence Xu, Assistant Sales Manager - Resonac Asia Pacific Pte Ltd.

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

Forkliftaction's JOB MARKET

Trelleborg expertise in material handling applications has led to the development of the XP1000 forklift tire. Specifically designed for maximum intensity applications, it is the perfect tire for warehouse operations, port yards, shop floors, and more.
The XP1000 gives maximum strength to maximum intensity applications. You can count on top performance at top speeds, heavy loads and long days.
- Maximum value for your operations
- Maximum reliability and safety for machine operators

Contact us to find out more! 

PREMIUM business

Zhejiang UN Forklift Co., Ltd
Manufacturer of IC forklifts, electric forklifts and warehouse equipment.

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

Forkliftaction's JOB MARKET

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com