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Global Materials Handling Equipment Market To Be Worth $98 Billion By 2015
Global Materials Handling Equipment Market To Be Worth $98 Billion By 2015
Automated Equipment, Electronic Intelligence Among New Industry Trends Attracting Interest
Sheikh Zayed Road,
Dubai,
United Arab Emirates
(prbd.net)
15/09/2011
The fast-expanding economies of the Middle East are among the key growth engines driving demand for materials handling equipment globally. The region, along with Latin America and Asia, are the fastest growing markets for this sector, which is expected to be worth a whopping $98 billion worldwide by 2015.*
Recent reports indicate that the very nature of the materials handling and supply chain industries is currently being transformed. New innovations, better inventory control, the increasing use of ICT, better warehouse management and more efficient transport systems are just some of the ways in which the industry is changing to keep up with the times, according to Epoc Messe Frankfurt, organiser of Materials Handling Middle East, the trade and networking platform for this sector in the region.
“The upcoming trade exhibition Materials Handling Middle East is expected to reflect a broad spectrum of emerging trends in the industry, as it is the main meeting place for the regional trade,” said Ahmed Pauwels, Chief Executive Officer of Epoc Messe Frankfurt. “Trends and developments in the industry worldwide will be quickly examined, discussed and taken on board here and we expect to see quick implementation of the latest technologies to facilitate greater efficiencies across the region,” he added.
The demand for conventional materials handling equipment will continue to be robust according to the recent report by Global Industry Analysts. But there is increased demand for advanced handling equipment as awareness spreads about their inherent benefits. Demand is expected to increase for automated and battery-operated vehicles, robots, inventory control and warehouse management software as well as other services such as project management and systems design that promote overall efficiencies and create a better bottom line.
The global demand for electric and battery operated trucks is on the increase, which has led to major international players eyeing this segment with interest. A case in point is Eternity Technologies’ recent investment in its AED 200 million plant in Ras Al Khaimah to manufacture state-of-the-art batteries.
Eternity Technologies have chosen Materials Handling Middle East as their launch platform into the regional market and will be displaying their entire product range during the event. According to a spokesperson, Eternity Technologies have invested in industry leading chemical laboratories and electrical test laboratories to facilitate the innovative product design. The manufacturing facility also incorporates the most modern and innovative equipment available in the global market – including state-of-the-art machinery from Germany, Austria, Italy and UK. The Eternity Technologies plant will have the capacity for around 1 million 2 volt cells – putting it at the forefront of the global motive power market.
Richard Conlon, Commercial Director, Eternity Technologies, said: “The Middle East market is very important to our strategy. Eternity Technologies is globally the newest battery manufacturing facility. It is important for us to show the local market what we have to offer and how easy it is to do business with us.”
Similarly, demand is expected to pick up for conveyer systems and specialised equipment such as lift trucks, while there is also an increasing trend towards incorporating electronic intelligence into supply chain and fleet transport functions in order to streamline operations. The report also indicates the growing role being played by Third Party Logistics (3PL) providers and the increasing attention to environmental issues such as noise levels and emission reduction.
Materials Handling Middle East 2011 will be held at the Dubai International Convention and Exhibition Centre from September 25th to 27th. The exhibition and conference is attracting much interest from industry players looking to tap into this growing market.
ENDS
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