According to a new market research report published by Credence Research “Material Handling Equipment Market (by Equipment Type: Conveyors, Industrial Trucks & Forklifts, Cranes & Hoists, Pallets Racks & Shelves, Automated Equipment; by End-user Industries: Automotive, Manufacturing & Processing, Packaging, Transportation & Logistics, Oil & Gas, Building & Construction and Others (Agriculture, Glass, Chemicals, etc.)) - Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the water treatment equipment market was valued US$ 138.54 Bn in 2017 and estimated to grow with a CAGR of 5.5% during the forecast period from 2018 to 2026.
The consumption rate of consumer goods broke all barriers and the rate is not expected to lower down anywhere in future, credit to the exponential growth in global population. Sectors associated with the supply side and especially manufacturing & processing sectors are forced to work 24 hours throughout the year to fulfill demands. The task is impossible without proper planning across all department including material handling and inventory control. Consequently, material handling equipment across various industries plays a crucial role in overall productivity.
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Few of the major notable players profiled in this research study include Hyster-Yale Materials Handling, Inc., Liebherr Group, KUKA AG, Kion Group AG, JBT Corporation, Flexlink, Viastore Systems GmbH, Crown Equipment Corporation, Toyota Industries Corporation, Hytrol Conveyor Co., Inc. Intelligrated, Inc., Dematic GmbH & Co., KG., Columbus McKinnon, and Daifuku Co., Ltd. among others.