World de­mand to rise 5% an­nu­ally

Project Monitor - - FRONT PAGE - A BUSINESS COR­RE­SPON­DENT

Global de­mand for ma­te­rial han­dling equip­ment is pro­jected to in­crease 5 per cent an­nu­ally through 2018 to $140 bil­lion. Gains will be strong­est for sales of ad­vanced equip­ment such as au­to­mated con­vey­ors and au­to­mated guided ve­hi­cles. Au­to­mated prod­ucts re­duce the re­quired labour in­put in op­er­at­ing ma­chin­ery, help­ing to cur­tail la­bor costs. En­ergy ef­fi­cient prod­ucts, such as elec­tric lift trucks, will also see solid gains as end users seek to re­duce costs.

Th­ese are some of the find­ings of a new re­port ti­tled ‘World Ma­te­rial Han­dling Prod­ucts Mar­ket’ by Re­portLinker. The study presents his­tor­i­cal de­mand data for 2003, 2008 and 2013, as well as forecasts for 2018 and 2023 by prod­uct, mar­ket, world re­gion, and for 29 coun­tries.

In­dia and China will see the strong­est gains, in large part be­cause of ris­ing man­u­fac­tur­ing out­put that will spur de­mand for equip­ment to fa­cil­i­tate dis­tri­bu­tion and pro­duc­tion. West Euro­pean mar­kets in­clude many of the most in­ten­sive users of ma­te­rial han­dling equip­ment in the world, be­cause man­u­fac­tur­ers in the re­gion have long been among the lead­ers in adopt­ing au­to­mated equip­ment as a re­sponse to high do­mes­tic la­bor costs.

The US will con­tinue to be the world's largest ma­te­rial han­dling prod­uct mar­ket, ben­e­fit­ing from an im­proved out­look for

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