World Spends Over $100 Billion on Materialhandling Equipment
The global market for materialhandling
equipment will reach
$104 billion by 2010, according to a
report by market researcher Global Industry Analysts Inc.
Western Europe
and the U.S. dominate global
production and exports, but Asian
economies will play a significant
role in making and using industrial
machinery.
The increasing integration of
material-handling equipment with
procurement, manufacturing, and
shipping operations will bolster demand
for automation equipment
and software. Growing demand for
handling smaller packages from eretailing
also drive growth.
Globalization has spawned new
low-cost equipment manufacturers,
particularly in Asia. Rising per capita
incomes, more manufacturing,
and increased investments in infrastructure
all contribute to the demand
for material-handling equipment.
India, China, Russia, Mexico,
and Turkey should continue to show
the most growth.
The report, Material Handling
Equipment: A Global Strategic
Business Report, analyzes current
(2001-2010) market data, historical
(1991-2000) market data, and long
term (2011-2015) projections.