South America Material Handling Market to cross $7 billion by 2022

Posted by Knowledge Sourcing Intelligence 14-05-2019 Press Releases

Knowledge Sourcing Intelligence announces the publication of a new report on “South America Material Handling Market - Forecasts from 2016 to 2021 " report to their offering.

Material Handling is an integral part of the supply chain of diverse industries for storage, control, and movement of items from raw material stage to the distribution of finished products. Growing need for global production companies to automate their business processes and improve upon the supply chain driving the demand for material handling solutions.

The material handling is categories in the following types:

  • Manual material handling
  • Semi-automated material handling
  • Automated material handling

This report provides forecast and analysis of the South American Material Handling Market which was valued US$5.173 billion in the year 2015 and is projected to grow to US$6.816 billion by 2021, at a CAGR of 4.70% over the forecast period. Rising demand for staples, due to rapid urbanization and population growth in the region is one of the factors boosting the demand for material handling solutions. The increase in labor cost and an upswing in manufacturing and construction activity are other factors contributing to the growth of this market.

This report segmented the South American material handling on the basis following:

By Products

  • Automated guided vehicles
  • Automated storage and retrieval systems
  • Trucks and lifts
  • Cranes
  • Conveying systems
  • Hoists
  • Others

By Application

  • Warehousing And Distribution
  • Airport Baggage Handling
  • Bulk Handling
  • Postal and Parcel Delivery
  • Assembly
  • Packaging

By Industry Vertical

  • Manufacturing
  • Healthcare
  • Chemical
  • Paper
  • Food and beverage
  • Warehousing
  • Others

By Geography

  • Brazil
  • Argentina
  • Others

Toyota, BEUMER Group, KION, Daifuku, and Linde Material Handling are some of the companies profiled as part of the report.