Study looks at US materials handling systems
A
The Freedonia Group product story
Edited by the Engineeringtalk editorial team
Jun 24, 2003
The market for conventional and advanced/automated materials handling systems and equipment in the USA will increase 5.2% per year through 2006 to $23.5 billion.
The market for conventional and advanced/automated materials handling systems and equipment in the USA will increase 5.2% per year through 2006 to $23.5 billion, an improvement over the early 2000s performance which was characterised by recession and a weak capital investment climate.
Along with economic recovery, demand will be stimulated by technological innovations resulting in improved productivity and efficiency, increased safety and greater ease of operations, especially in such advanced/automated segments of the business as material handling robots, automated guided vehicles (AGVs), material handling software and high-end services (eg systems integration).
These and other trends are presented in "Material handling systems: advanced and conventional", a new study from The Freedonia Group.
Demand for conventional materials handling equipment - industrial trucks and lifts, conveying equipment, and hoists, cranes and monorails - will improve from recent levels but will not grow as rapidly as the more dynamic advanced/automated segments.
The same will be basically true of the more established automated products such as automated storage and retrieval systems (AS/RS) and automated conveyors.
The extensive amount of investment made in these types of products during the long economic expansion, coupled with the relatively long useful lives of most equipment, will translate into a less robust rate of growth than was experienced during most of the 1990s.
The market for advanced/automated material handling systems (including unbundled software and third party-provided services) is projected to increase 6.6% per year through 2006 to $6.8 billion, noticeably faster than its conventional products counterpart.
Along with recovering capital investment in the economy at large, gains will be fuelled by the superior productivity-raising potential of advanced systems, magnified by aggressive vendor efforts to further upgrade performance at comparable or lower costs.
Increasingly, material handling equipment and systems will be computer-integrated into larger-scale factory automation and automated warehouse-type environments, where they will be linked to other aspects of the supply chain management process (inventory control, materials purchasing etc).
Reflecting this emerging trend is the recent popularity of so-called material handling control systems, which provide a common interface between different types of material handling products within a facility.
"Material handling systems: advanced and conventional" is available for $3800 from The Freedonia Group.
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