Importance of Material Handling Equipment ‘Growing’

The importance of material handling equipment is growing exponentially among industries such as aerospace, agriculture and automotive, according to a recent report published by Future Market Insights (FMI), a premier provider of syndicated research reports, custom research reports, and consulting services.

In the report, titled ‘Material Handling Equipment Market: Global Industry Analysis and Opportunity Assessment 2014 – 2020’, FMI says the global material handling equipment market is expected to grow at 3-6% from 2014-2020.

Here is an excerpt from the report, which can be found at this link.

Material handling involves managing the storage and movement of goods and products in the warehouse or manufacturing plant. Material handling increases productivity by improving the logistics in the manufacturing plant.

Material handling equipment is required in warehouses or manufacturing plants for quick movement of goods or products, locating stock, preparing orders and localizing stock. Different types of equipment are available in material handling equipment, including conveying equipment, bucket conveyor, screw conveyer, vibrating conveyer, roller conveyer, magnetic belt conveyer, chain conveyer, platform truck, walkie stacker, pallet jack, platform truck, cranes, hoists, lift trucks and more.

The global material handling market can be segmented on the basis of product type such as conveying equipment, industrial trucks and lifts, hoists, cranes and monorails and automated material handling equipment. Many industries use material handling equipment to increase their productivity and accuracy.

The global material handling equipment market is segmented on the basis of end use industries such as aerospace, agriculture, air cargo, automotive, building and construction, electrical and electronic equipment, industrial machinery, shipping industry, warehousing, postal/express delivery and others. Currently, these industries are experiencing steady growth in regions such as North America.