DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/wj89bj/material_handling) has announced the addition of the "Material Handling Equipment Market in the US 2015-2019" report to their offering.
The Material Handling Equipment market in the US to grow at a CAGR of 4.94% over the period 2014-2019
Material handling equipment provides an efficient, accurate, and cost-effective method of moving goods easily and swiftly across an organization. In addition, it reduces the amount of time required for the construction of residential, commercial, and industrial buildings, as well as for the completion of projects such as roads and railways.
Material handling equipment such as pick and carry cranes, forklifts, slew cranes, crawler cranes, tower cranes, hoists, and conveyers are being adopted by companies across industries such as Automotive, Mining, Food and Beverages, Industrial Machinery, Aerospace, Shipbuilding, Power and Energy, Refinery, Retail, and Electrical and Electronics.
One key trend being witnessed in this market is the incorporation of electronic intelligence in material handling equipment. Sensors and power backup are incorporated into advanced material handling equipment to increase safety, accuracy, and reliability.
According to the report, one of the major drivers of this market is the healthy economic condition. A majority of the developed countries and economies have reduced their systemic risks to stabilize business, consumer, and investor confidence through several policy initiatives.
Further, the report states that one of the main challenges in the market is the high cost of material handling equipment. The high cost of material handling equipment decreases its adoption across small and medium enterprises.
Key Vendors
- Beumer
- Columbus Mckinnon
- Daifuku
- Dematic Group
- SSI Schaefer
Other Prominent Vendors
- Crown Equipment
- Intelligrated
- JBT
- Jervis B. Webb
- Si Systems
- Swisslog
- System Logistics
- TGW Logistics
- Witron
For more information visit http://www.researchandmarkets.com/research/wj89bj/material_handling
