Reportstack has announced a new market research report on the Material Handling Equipment Market in the US 2015-2019. 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. The market is expected to post a CAGR of 4.94 percent during the period 2015-2019.
Various types of material handling equipment such as forklifts, slew cranes, and pick and carry cranes are being adopted by many companies across industries such as Automotive, Mining, Food and Beverage, and Heavy and Light industries, which include Machinery, Power and Energy, Refinery, Retail, Steel, Aerospace, Shipbuilding, and Electric and Electronic.
“Some organizations are adopting material handling equipment because of an increased need for effective material handling capability,”.
“The availability of rent-based material handling equipment encourages customers to use the equipment with low investment.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To access full report with TOC, please visit Material Handling Equipment Market in US 2015-2019.