Abstract
Global demand to rise 5+% annually through 2012
The world market for material handling equipment and systems is projected to
increase more than five percent per year through 2012 and exceed $120 billion
(including price increases). Generally healthy economic conditions will
support gains in global material handling demand, especially in rapidly
developing areas such as China and India, where rising manufacturing output
and fixed investment will fuel growth. The advanced nations of North America,
Western Europe and the Asia/Pacific region (i.e., Australia and Japan)
comprise relatively mature markets for material handling. A healthy economic
outlook coupled with a pickup in fixed investment will support material
handling demand in the US, while expanding manufacturing output will support
gains in Japan and Western Europe.
Most of the largest and most advanced material handling industries are located
in advanced nations, particularly those that have large, well-developed home
markets, technical expertise in manufacturing higher-value products and access
to factors of production such as capital and labor supplies. However, China
has become a major producer, benefitting from a low cost wage pool and export
opportunities to developing Asian economies.
Study coverage
Details on these and other key findings are available in the new Freedonia
industry study, World Material Handling Equipment. This study presents
historical demand data (1997, 2002 and 2007) plus forecasts for 2012 and 2017
by material handling equipment product, end use market, world region and major
national market. In addition, the study considers market environment factors,
assesses the industry structure, evaluates company market share and profiles
global competitors.
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