Albany, NY -- (SBWIRE) -- 11/26/2016 -- Material handling equipment refers to a diverse range of products that aid the transportation and storage of materials. Pick and carry cranes, forklifts, slew cranes, crawler cranes, tower cranes, hoists, and conveyors are some of the material handling equipment. It enhances the efficiency of workflow in manufacturing, streamline supply chain distribution channels, and optimize the utilization of warehouses. It provides an efficient, accurate, and cost-effective method to move goods easily and swiftly across organizations. Industries such as automotive, mining, food and beverages, industrial machinery, aerospace, shipbuilding, power and energy, refinery, retail, and electrical and electronics are the major end-users of material handling equipment.

The material handling equipment market in Asia to grow at a CAGR of 9.47% over the period 2014-2019. This report covers the present scenario and the growth prospects of the material handling equipment market in Asia for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the following equipment: IC engine-powered counterbalanced trucks, battery-powered counterbalanced trucks, and warehousing equipment.

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Technavio's report, Material Handling Equipment Market in Asia 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors
- Crown
- Hyster-Yale
- Jungheinrich
- Kion
- Toyota

Other Prominent Vendors
- Beumer Group
- Cargotec
- Clark Material Handling
- Columbus McKinnon
- Daifuku
- Dematic
- SSI Schaefer

Market Driver
- Evolving Key Performance Indicators
- For a full, detailed list, view our report

Market Challenge
- Underutilization of Material Handling Equipment
- For a full, detailed list, view our report

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Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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