Boston, MA -- (SBWIRE) -- 11/09/2016 -- Material handling equipment refers to a range of products that aid transportation and storage of material. The equipment enhances the operational efficiency and the workflow in manufacturing, streamlines supply chain distribution channel, and manages warehouse operations for optimum utilization. The equipment provides an accurate, process efficient, and cost-effective method for swift movements of goods across and organization. The market is divided based on functionality and geography. The global material handling equipment market was valued at $120.26 billion in 2015 is likely to grow at a CAGR of more than 6.56% during the forecast period.

Technavio's analysts forecast the global material handling equipment market to grow at a CAGR of 6.56% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global material handling equipment market for 2016-2020. To calculate the market size, the report considers the demand for material handling equipment in terms of revenue and volume.

Get More Details on this Report and a Full Table of Contents at Global Material Handling Equipment Market 2016-2020

The market is divided into the following segments based on geography:

-Asia
-Europe
-North America
-ROW

Technavio's report, Global Material Handling Equipment Market 2016-2020, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Beumer
-Daifuku
-Dematic
-SSI SCHAEFER
-Vanderlande Industries
-Clark Material Handling
-Product segmentation
-Crown Equipment
-Columbus McKinnon
-Business strategy

Other prominent vendors

-Allied Conveyor Systems
-Caterpillar
-Dearborn Mid-West Conveyor
-Dorner Conveyors
-Dynamic Conveyor
-FMC Technologies
-Intelligrated
-RUD
-Shuttleworth
-Swisslog
-Taikisha

Market driver

-Adoption of disruptive technology: the Internet of Things
-For a full, detailed list, view our report

Market challenge

-Inadequate skills in labor force
-For a full, detailed list, view our report

Market trend

-Use of hydraulic components in material handling equipment
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Beumer, Daifuku, Dematic, SSI SCHAEFER, Vanderlande Industries, Clark Material Handling, Product segmentation, Crown Equipment, Columbus McKinnon, Business strategy, Allied Conveyor Systems, Caterpillar, Dearborn Mid-West Conveyor, Dorner Conveyors, Dynamic Conveyor, FMC Technologies, Intelligrated, RUD, Shuttleworth, Swisslog, Taikisha

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