Advances in Material Handling Systems (Technical Insights)
This Frost & Sullivan research service titled Advances in Material Handling Systems provides an insight into material handling technology, its purpose, features and benefits. The study analyzes the selection procedure for material handling equipment, installation, types of material handling equipment, the current state of material handling technology, and offers a detailed description of specific application areas such as semiconductors, mining, electronics, construction, manufacturing, and distribution.
This analysis is available through our Technical Insights program. With this program, clients receive industry-leading market research along with comprehensive, objective information that allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth. For more information on this custom subscription service, please click here.
Market Overview
Demand for High-efficiency Equipment from the Manufacturing, Power, and Mining Sectors Keeps Outlook for Material handling Systems Upbeat
As material handling systems enable reduced inventory levels and improved order to delivery cycles, they are witnessing increasing uptake. Besides, material handling systems help companies cope with buying cultures that are in a continuous state of flux. Whatever the process may be – manufacturing distribution, consumption or disposal – material handling plays a crucial role in its overall success. Internationalization and globalization are propelling competitiveness and driving the development of newer and efficient material handling technologies in the market. "Once considered a total in house operation, material handling is now being done by third party logistic (3PL) providers,’ notes the analyst of this research service. "Thus cross-company collaborations have increased with integrated supply chains and concurrent movement of goods and information."
Economic trends and the performance of the construction, power, and manufacturing sectors are major factors impacting the dynamics of the material handling systems market. The developing economies of India and China, in particular, hold enormous potential for the market owing to the high economic growth rates and the burgeoning industrial products and consumer goods sectors. Growth in the thermal power sector will spike demand in the market for coal handling equipment. "It is anticipated that coal demand, primarily for its use in utility power stations would keep demand levels buoyant," says the analyst. "Huge proportions of the mining industry’s operations heavily depend on the use of specialized bulk material handling equipment, which is primarily meant for moving the raw material to various locations and thereby maintaining operational efficiency levels." For instance, in Africa’s Richards Bay Coal Terminal (RBCT), a variety of bulk material handling equipment is used. Apart from the demand in existing coal plants, a number of new coalfields in Mozambique, Namibia, Zimbabwe, Zambia and Angola are also propelling the use of material handling equipment.
The task of implementing a successful warehouse is posing a big challenge as it involves a proper balance between a variety of conflicting objectives such as increased picking speed combined with flexibility, organizational flexibility combined with effective space utilization, and increased throughput at decreased labor cost. The current economic conditions many companies are deferring investments and following a wait and watch approach. Others are working toward actively pursuing lean practices, continuous improvement, and just-in-time production systems. In order to reduce complexity in material handling operations, warehouses are deploying integrated warehousing that is capable of handling thousands of varieties of stock keeping units (SKUs) while reducing the overall complexity in customer delivery and distribution. The resultant complexity in market segmentation has also enhanced the need for stringent tracking and tracing of product movement, which is also effectively done through the deployment of handling equipment.
Going forward, green initiatives are poised to pick up steam in the material handling industry. Industrial practitioners are displaying a preference for environmentally responsible material handling systems that reduce emission levels and produce less noise. To ensure greater uptake of material handling systems, new technologies must be developed to ratchet down costs and improve ROI. Greater investments in research and development, and faster innovation rates are utmost necessities for the industry currently.
Frost & Sullivan: Technical Insights
Advances in Material Handling Systems (Technical Insights)
This Frost & Sullivan research service titled Advances in Material Handling Systems provides an insight into material handling technology, its purpose, features and benefits. The study analyzes the selection procedure for material handling equipment, installation, types of material handling equipment, the current state of material handling technology, and offers a detailed description of specific application areas such as semiconductors, mining, electronics, construction, manufacturing, and distribution.
This analysis is available through our Technical Insights program. With this program, clients receive industry-leading market research along with comprehensive, objective information that allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth. For more information on this custom subscription service, please click here.
Market Overview
Demand for High-efficiency Equipment from the Manufacturing, Power, and Mining Sectors Keeps Outlook for Material handling Systems Upbeat
As material handling systems enable reduced inventory levels and improved order to delivery cycles, they are witnessing increasing uptake. Besides, material handling systems help companies cope with buying cultures that are in a continuous state of flux. Whatever the process may be – manufacturing distribution, consumption or disposal – material handling plays a crucial role in its overall success. Internationalization and globalization are propelling competitiveness and driving the development of newer and efficient material handling technologies in the market. "Once considered a total in house operation, material handling is now being done by third party logistic (3PL) providers,’ notes the analyst of this research service. "Thus cross-company collaborations have increased with integrated supply chains and concurrent movement of goods and information."
Economic trends and the performance of the construction, power, and manufacturing sectors are major factors impacting the dynamics of the material handling systems market. The developing economies of India and China, in particular, hold enormous potential for the market owing to the high economic growth rates and the burgeoning industrial products and consumer goods sectors. Growth in the thermal power sector will spike demand in the market for coal handling equipment. "It is anticipated that coal demand, primarily for its use in utility power stations would keep demand levels buoyant," says the analyst. "Huge proportions of the mining industry’s operations heavily depend on the use of specialized bulk material handling equipment, which is primarily meant for moving the raw material to various locations and thereby maintaining operational efficiency levels." For instance, in Africa’s Richards Bay Coal Terminal (RBCT), a variety of bulk material handling equipment is used. Apart from the demand in existing coal plants, a number of new coalfields in Mozambique, Namibia, Zimbabwe, Zambia and Angola are also propelling the use of material handling equipment.
The task of implementing a successful warehouse is posing a big challenge as it involves a proper balance between a variety of conflicting objectives such as increased picking speed combined with flexibility, organizational flexibility combined with effective space utilization, and increased throughput at decreased labor cost. The current economic conditions many companies are deferring investments and following a wait and watch approach. Others are working toward actively pursuing lean practices, continuous improvement, and just-in-time production systems. In order to reduce complexity in material handling operations, warehouses are deploying integrated warehousing that is capable of handling thousands of varieties of stock keeping units (SKUs) while reducing the overall complexity in customer delivery and distribution. The resultant complexity in market segmentation has also enhanced the need for stringent tracking and tracing of product movement, which is also effectively done through the deployment of handling equipment.
Going forward, green initiatives are poised to pick up steam in the material handling industry. Industrial practitioners are displaying a preference for environmentally responsible material handling systems that reduce emission levels and produce less noise. To ensure greater uptake of material handling systems, new technologies must be developed to ratchet down costs and improve ROI. Greater investments in research and development, and faster innovation rates are utmost necessities for the industry currently.
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