Developing Countries Drives Growth in the Global Material Handling Equipment Market, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) October 19, 2012

Follow us on LinkedIn Machinery and equipment industry covers a broad range of machines and parts finding application in an extremely diverse range of applications. Material handling equipment is an integral part of any plant, warehouse, or distribution system. They are also largely used in other industrial sectors such as the shipping industry to lift, carry and place goods at precise destination points. The market is largely dependent on general state of a countrys economy and adds significantly to the total production costs in virtually all the sectors. Innovation, ergonomics, safety and environmental concerns comprise general growth drivers. The material handling equipment sector contributes significantly to this industry, thriving on the well being of the machinery and equipment market. Consequently, the markets fortunes are inevitably tied to general health of the industrial production. Mature industrialized countries and regions that include Germany, Japan, Italy, France, the UK, and the US continue to be dominant in the global production and exports. Developed and industrialized nations such as Japan, Canada and several other European countries including Sweden, Italy, Germany and UK pose severe competition to the US. Emerging countries such as South Korea, China, India and Brazil are also evolving into important producers and consumers of industrial machinery.

The material handling industry is presently witnessing a key trend of building smaller, yet smarter, material handling equipment. Electronic intelligence is being incorporated into material handling equipment, with features such as upgraded software, distributed control functions, touch screen interfaces, and other such features. Considered completely an in-house operation in the past, Third Party Logistic (3PL) providers are now carrying out material handling operations. An increase in cross-company collaborations is observed due to concurrent movement of information and goods and integrated supply chains.

The material handling equipment market is steadily recovering the world over. Resurgence in end-use applications, including automobile, construction and shipbuilding, have all helped put growth back on track. However, the MHE market in Europe is running into fresh set of challenges. The market in the region currently continues to vacillate between optimism and fear, marring sentiments in an otherwise recovering market. Nervous over the play out of the sovereign debt crisis drama, the domestic market is facing immediate hurdles, such as, credit restriction, consumer indecisiveness, slowing sales, high labor costs, and possible collapse of consumer confidence in the event of escalation in the severity of the debt crisis.

Macro themes affecting Europe include the prolonging of the sovereign debt crisis as a result of the half-measures implemented to date in attempts to stave off the crisis, a dysfunctional financial system that is fuelling a slow-motion economic collapse and fears over reduced consumer spending and slower economic growth as a result of austerity measures. At the extreme pessimistic end of the spectrum, bearish market sentiments indicate that multiple defaults by debt ridden economies could trigger a collapse of the Euro as a common currency. The return to local currency, although currently not seen as likely, can spell doom pushing the MHE market into a meltdown like the one witnessed during the 2007-2009 recession.

As stated by the new market research report on Material Handling Equipment, Asia-Pacific region represents the largest market for accounting for a major share of the global market. The region also offers the highest growth potential owing to increasing automation, and the large untapped market. Industrial Trucks and Lifts represent the largest material handling equipment segment, while Automated Material Handling Equipment offer the highest growth potential.

Material handling equipment market in developed economies is accentuated by a highly competitive landscape, underscoring dynamic potential for growth in emerging markets in Asia-Pacific and Rest of Europe. Major players in the global marketplace include Beumer Maschinenfabrik GmbH, Clark Material Handling Company, Columbus McKinnon Corp., Daifuku Co., Ltd., Dematic GmbH & Co. KG, D

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