LONDON--(BUSINESS WIRE)--Technavio has announced the top seven leading vendors for the material handling equipment market in Europe in their latest research report. This report also lists 17 other prominent vendors who are expected to contribute to this market’s growth over the forecast period.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, the report considers revenue generated from the sale of material handling equipment. Warehousing equipment and counterbalanced trucks are considered as part of this research process for calculating the market numbers.
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“There is a growing demand for automation and integration into complete systems across all product segments in Europe. As it is expected to result in significant cost savings, end-user segments like supermarket chains are rapidly adopting automated systems throughout their supply chain. Durability, load performance, and technology used however remain the key performance indicators for storage handling equipment,” said Sriram Mohan, one of Technavio’s lead analysts for warehouse and storage systems research.
“Some of the most advanced automation systems include, baggage transport systems in airports, automated storage systems in warehouses, and automated dispatch systems. Baggage transport systems make use of advanced identification systems to collect baggage, while transporting it to loading points of aircraft. As automation is helping optimize storage capacities, its capabilities are driving more end-users toward adopting these systems across the supply chain. This is therefore expected to propel the overall demand for material handling equipment market in Europe,” added Sriram.
Seven leading vendors in the material handling equipment market in Europe:
Cargotec was founded in 2005 and is headquartered in Helsinki, Finland. The company, through subsidiaries, provides cargo and load handling solutions that are used in ships, ports, and terminals across the globe. As of December 2014, the company had close to 10,703 employees and reported a net revenue of over USD 4 billion in FY2014.
Cargotec offers various material handling equipment that are used for warehousing and storage of marine cargos and offshore loads. The company provides marine loading arms under the brand name Woodfield for warehousing crude oil, liquefied petroleum gas, refined products, and liquefied natural gas. They also provide hatch covers, lashing systems, cranes, self-unloading systems, winches, steering gears, and deck handling equipment for ships; and various other solutions for subsea load handling, anchor handling, and towing and mooring operations.
Columbus McKinnon was founded in 1875 and is headquartered in Amherst, New York, US. The company is a designer, manufacturer, and distributor of a range of material handling products for various applications. For the financial year ended March 2015, the company reported net revenues of over USD 579 million.
Columbus McKinnon is a global provider of material handling products, systems, and related services. The company’s key products include hoists, cranes, actuators, and rigging tools, with a focus on commercial and industrial applications, such as in construction, energy, mining, food services, and entertainment.
Columbus McKinnon operates 18 principal manufacturing facilities in seven countries worldwide, and 11 warehouse facilities in five countries. The company’s primary operation is in the US, followed by European and Latin American countries. They hold the leading market share in the US, for the hoist, trolleys and components product range (40%-45%), screw jacks (35%-40%), and jib cranes (25%-30%).
Daifuku was founded in 1937 and is headquartered in Osaka, Japan. They focus on engineering, consulting, designing, manufacturing, installation, and after-sales services. The company provides material handling equipment and services for logistics systems.
The company integrates AS/RS, sorter, picking, and conveying systems in factories and distribution centers of industries such as food and beverage, medical and pharmaceutical, electronic and transport and warehousing.
The company's material handling systems improve production effectiveness and distribution control by decreasing lead-time, improving distribution accuracy, removing, supporting electronic data interchange (EDI), and managing goods.
Dematic was founded in 2005 and is headquartered in Heusenstamm, Germany. They manufacture and offers logistics automation and material handling product and solutions. They also provide a broad range of logistics support systems for third party logistics firms, including small to large-scale companies.
They provide customized and engineered solutions to accommodate specific applications. These solutions are designed to optimize the process involved in receiving, storage, work-in-process storage, put-away, replenishment, case and piece picking, kitting, materials delivery, consolidation, truck loading services, and order packing.
Interroll was established in 1959 and is headquartered at Sant'Antonio, Switzerland. They provide essential products and services for the logistics like rollers, drives, conveyors and sorters, and pallet and carton flow. They provide products to diverse industries, such as couriers, express and postal services, airports, food processing, and distribution. In FY2014, the company recorded revenue of USD 366.89 million and invested close to USD 9.49 million in R&D.
The company has established itself in the sector with offerings such as drives, rollers, conveyors and sorters, pallet and carton flow, catering to airport logistics, postal service companies, food industry, courier, and logistics service providers. In June 2013, they acquired Portec Group International, a conveyor belt firm. The company has since installed over 60,000 conveyor belts at airports, courier and postal services, and distribution centers.
Jungheinrich was established in 1953 and is headquartered in Hamburg, Germany. The company manufactures and supplies products for material handling equipment, warehousing technology, and material flow engineering sectors. They operate with close to 12,549 employees across various geographies, including Germany, France, Italy, and the UK.
The company has established a presence in logistics sector with its wide range of offerings. The company has implemented several strategic initiatives, aimed at improving its position in the sector. In February 2015, Jungheinrich announced offerings of two-shift operations with no intermediate charging or battery changing. This is available as a special option for a range of electric forklift trucks.
In April 2015, Jungheinrich announced the launch of its new C-series reach trucks. These ETV C16 and ETV C20 reach trucks can transport loads of up to two metric tons and are equally suitable for outdoor and indoor operations.
KUKA is headquartered in Augsburg, Germany. The company is a global supplier of robot technology, automation, and systems engineering of industrial manufacturing processes. For the financial year ended December 2014, the company reported net revenues of USD 2.79 billion with a global workforce of around 12,102 employees. The robotics division showed a growth of over 10% with Asia reporting the highest growth contributed to the development of its own production facility in China. The systems division showed an increase of close to 23%, strongly supported by the recent acquisitions of the Reis Group and ALEMA. Also, the acquisitions contributed close to USD 240 million to the group's revenue.
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