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Third-Party Logistics (3PL) Services Market - Forecasts from 2019 to 2024

The global third-party logistics (3PL) market was valued at US$888.761 billion in 2018 and is expected to grow at a CAGR of 2.92% over the forecast period to reach a total market size of US$1056.145 billion by 2024. A Third-Party Logistics (3PL) service provider offers outsourced logistics services to the manufacturers to help them focus on its core business. 3PL service is known to provide the optimized cost of transportation services efficiently and timely. The market is expected to grow du Read more...

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Automated Liquid Handling System Market - Forecasts from 2019 to 2024

The automated liquid handling system market is projected to grow at a CAGR of 7.26% to reach US$745.652 million by 2024, from US$489.586 million in 2018. Automated liquid handling systems enable improvement in accuracy, reduction in sample decontamination and shorter processing time. Increasing investment in laboratory automation by end-users along with rising research and development expenditure by healthcare manufacturers are the major factors driving the demand for these systems. In additi Read more...

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Global Automated Guided Vehicle (AGV) Software Market - Forecasts from 2019 to 2024

The global automated guided vehicle (AGV) software market is projected to grow at a CAGR of 10.82% to reach US$932.810 million by 2024, from US$503.632 million in 2018. Growing adoption of industrial robots across industry verticals along with its long-term cost-effectiveness is the major factors boosting the demand for AGV software. In addition, increasing expenditure on research and development in AGVs along with high demand for the high demand for effective software will further boost the Read more...

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Vertical Lift Module Market – Forecast from 2018 to 2023

The vertical lift module market is projected to grow at a CAGR of 8.24% to reach US$1,634.205 million by 2023, from US$1,016.269 million in 2017. The firms are increasingly opting for strategies and solutions that enable them to improve their efficiency and thus, allow them to significantly increase their footprint in the global market. The ability of the vertical lift module to increase the storage capacity, while simultaneously, saving the space for the organization is significantly driving th Read more...

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Automated Truck Loading Systems Market - Forecasts from 2018 to 2023

The automated truck loading systems market is projected to grow at a CAGR of 8.72% over the forecast period of 2017 - 2023. The realization of the benefits of automation in different fields of the industry is leading to the growing acceptance and adoption of the automated system. The growing competitive environment is resulting in companies focusing on avenues to reduce cost while simultaneously increasing their revenues and profitability. According to the United Nation, the global population is Read more...

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Global Towing Vehicle Market - Forecasts from 2018 to 2023

The global towing vehicle market was valued at US$6.935 billion in 2018 and is expected to grow at a CAGR of 4.34% over the forecast period to reach a total market size of US$8.950 billion by 2024. The growth of the market is majorly attributed to the growth of automotive industry worldwide. Rising number of vehicles on road, on account of increasing urbanization and rising disposable incomes in many regions, is driving with it the number of vehicle breakdowns and crashes. Increasing vehicle Read more...

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Global Vertical Carousels Market - Forecasts from 2018 to 2023

The global vertical carousels market is predicted to witness a compound annual growth rate of 8.34% during the forecast of 2017-2023. Vertical carousels consist of a series of shelves that rotate on a person’s command and delivers selected items at an ergonomically safe and convenient height. These carousels are used for space-saving when there is a need for maintaining excess inventory in small warehouses. Thus, growing third-party logistics industry is augmenting the demand for vertical caro Read more...

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Global Horizontal Carousels Market - Forecasts from 2018 to 2023

Horizontal carousels market is projected to grow at a CAGR of 4.58% during the forecast period, reaching a total market size of US$652.99 million in 2017 to US$854.46 million in 2023. Carousels are used to select items which are either small each-picked items or which have low movement velocity. Horizontal carousels increase storage density and efficiency while reducing required labor hours. These material handling equipment provide a low-floor-space way of storing, securing, and retrieving diff Read more...

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Global Mini Load Automated Storage and Retrieval System Market - Forecasts from 2018 to 2023

The global mini load automated storage and retrieval system market was valued at US$3.348 billion in 2017 and is projected to expand at a CAGR of 8.18% over the forecast period to reach US$5.366 billion by 2023. The automated storage and retrieval system (ASRS) is a computer controlled system for storing and retrieving products in warehouses and distribution centers. The growing e-commerce industry is leading to increasing demand for effective material management system in the warehouses which i Read more...

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Hoists Market - Forecasts from 2018 to 2023

The global hoists market was valued at US$1.535 billion in 2017 and is projected to reach US$2.198 billion in 2023 growing at a CAGR of 6.17% during the forecast period. Hoisting equipment is used to lift loads with either link or roller chain or wire rope. These material handling equipment work in conjunction with overhead or workstation cranes. Hoists are majorly used in manufacturing, warehousing, and construction among other industries. An upswing in mining activity and increasing shale gas Read more...

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