Forklift

Global Material Handling Equipment Strategic Industry Report 2023: Market to Reach $193 Billion by 2030 from $127 Billion in 2022 - Trend Towards Industry 4.0 Redefines the Market - ResearchAndMarkets.com

Retrieved on: 
Tuesday, December 5, 2023

The "Material Handling Equipment - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Material Handling Equipment - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • The global market for Material Handling Equipment estimated at US$127.7 Billion in the year 2022, is projected to reach a revised size of US$193 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.
  • The report provides insights into the material handling equipment industry's growth drivers, technology trends, and the impact of GDP growth.
  • The competitive landscape is analyzed, showcasing the top players in the global material handling systems market and their total revenues in 2018.

Sysco Forklift Operator Receives Top Honors at the 2023 IFDA National Championship

Retrieved on: 
Monday, October 30, 2023

HOUSTON, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today that Antonio “Tony” Garcia, Forklift Operator from Sysco West Coast Florida, was recognized for his exceptional performance at the 2023 International Foodservice Distributors Association (IFDA) National Championship in Orlando, Florida.

Key Points: 
  • HOUSTON, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today that Antonio “Tony” Garcia, Forklift Operator from Sysco West Coast Florida, was recognized for his exceptional performance at the 2023 International Foodservice Distributors Association (IFDA) National Championship in Orlando, Florida.
  • Tony placed third in the forklift category in the national warehouse competition.
  • The warehouse competition allows the industry’s most elite pallet jack and forklift operators to showcase their safety skills and excellence.
  • These young minds showcased remarkable creativity in sharing why they are proud of their driver and operator parents’ commitments to the distribution of everyday goods and services.

Automated Storage and Retrieval System Market worth $12.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, September 28, 2023

VLMs utilize vertical storage space by employing a series of trays or bins that are automatically retrieved and delivered to operators as needed.

Key Points: 
  • VLMs utilize vertical storage space by employing a series of trays or bins that are automatically retrieved and delivered to operators as needed.
  • This vertical approach maximizes storage density while minimizing the footprint required, making it ideal for warehouses and distribution centers with limited space.
  • VLMs also enhance efficiency by reducing the need for manual search and retrieval, minimizing picking errors, and optimizing inventory management.
  • The automotive vertical is projected to account for the largest share of the ASRS market during the forecast period.

Automated Storage and Retrieval System Market worth $12.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, September 28, 2023

VLMs utilize vertical storage space by employing a series of trays or bins that are automatically retrieved and delivered to operators as needed.

Key Points: 
  • VLMs utilize vertical storage space by employing a series of trays or bins that are automatically retrieved and delivered to operators as needed.
  • This vertical approach maximizes storage density while minimizing the footprint required, making it ideal for warehouses and distribution centers with limited space.
  • VLMs also enhance efficiency by reducing the need for manual search and retrieval, minimizing picking errors, and optimizing inventory management.
  • The automotive vertical is projected to account for the largest share of the ASRS market during the forecast period.

Equipment Depot's Executive Leadership Team Puts Vision Plans in Motion as Company Targets One Billion Dollars Revenue by 2025

Retrieved on: 
Friday, September 22, 2023

HOUSTON, Sept. 22, 2023 /PRNewswire-PRWeb/ -- Equipment Depot, America's largest independently operated material handling and equipment rental source, announces it is on track to meet its aggressive financial growth goal: to reach a billion dollars in revenue within five years. In 2020, Equipment Depot's leadership began analyzing how the organization approached the material handling business. As a result, the team created its '2025 Vision Strategy,' which included investment in strategic hires, expansion into key U.S. material handling markets, extensive employee advancement training, and the creation of two new divisions; EQSOLUTIONS™ and Heavy Trucks & Port Equipment — which are cited as significant factors to the company's growth.

Key Points: 
  • Equipment Depot announces it is on track to meet its aggressive financial growth goal: to reach a billion dollars in revenue within five years.
  • In 2020, Equipment Depot's leadership began analyzing how the organization approached the material handling business.
  • As the company prepared for growth, top leadership positions began to evolve.
  • Garcia closed with, "I am proud and honored to continue Equipment Depot's growth plans.

Equipment Depot's Executive Leadership Team Puts Vision Plans in Motion as Company Targets One Billion Dollars Revenue by 2025

Retrieved on: 
Thursday, September 21, 2023

HOUSTON, Sept. 21, 2023 /PRNewswire-PRWeb/ -- Equipment Depot, America's largest independently operated material handling and equipment rental source, announces it is on track to meet its aggressive financial growth goal: to reach a billion dollars in revenue within five years.

Key Points: 
  • EQD announces it is on track to meet its aggressive financial growth goal: to reach a billion dollars in revenue within five years.
  • In 2020, Equipment Depot's leadership began analyzing how the organization approached the material handling business.
  • As the company prepared for growth, top leadership positions began to evolve.
  • Garcia closed with, "I am proud and honored to continue Equipment Depot's growth plans.

Software-defined Vehicle Market worth $419.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, September 14, 2023

The ICE vehicle type segment is expected to account for the largest share of the software-defined vehicle market in 2023.

Key Points: 
  • The ICE vehicle type segment is expected to account for the largest share of the software-defined vehicle market in 2023.
  • The software in ICE-based vehicles can control the speed, steering, braking, and the environment and decide how to get around safely.
  • Hardware is expected to account for the largest share of the software-defined vehicle market in 2023.
  • Asia Pacific market is expected to witness the highest CAGR in the software-defined vehicle market during the forecast period.

Software-defined Vehicle Market worth $419.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, September 14, 2023

The ICE vehicle type segment is expected to account for the largest share of the software-defined vehicle market in 2023.

Key Points: 
  • The ICE vehicle type segment is expected to account for the largest share of the software-defined vehicle market in 2023.
  • The software in ICE-based vehicles can control the speed, steering, braking, and the environment and decide how to get around safely.
  • Hardware is expected to account for the largest share of the software-defined vehicle market in 2023.
  • Asia Pacific market is expected to witness the highest CAGR in the software-defined vehicle market during the forecast period.

Equipment Depot Opens New 75,000 Square foot Facility in Romeoville, IL., in Response to Growing Electric Forklift Demand

Retrieved on: 
Friday, June 2, 2023

ROMEOVILLE, Ill., June 2, 2023 /PRNewswire-PRWeb/ -- Equipment Depot, America's largest independently operated material handling and equipment rental source, celebrated the grand opening of their new state-of-the-art 75,000-square-foot facility in Romeoville, IL.

Key Points: 
  • Equipment Depot, America's largest independently operated material handling and equipment rental source, celebrated the grand opening of their new state-of-the-art 75,000 square foot facility in Romeoville, IL.
  • ROMEOVILLE, Ill., June 2, 2023 /PRNewswire-PRWeb/ -- Equipment Depot, America's largest independently operated material handling and equipment rental source, celebrated the grand opening of their new state-of-the-art 75,000-square-foot facility in Romeoville, IL.
  • Equipment Depot continues its rapid expansion — now operating in 7 of the top 10 U.S. material handling markets.
  • "We are excited for the opportunities a larger facility can provide to the Chicago market," David Turner, President and CEO of Equipment Depot, stated.

Automated Material Handling Equipment Market worth $45.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, May 3, 2023

Unit load material handling system is expected to account for the largest share of the automated material handling equipment market during the forecast period.

Key Points: 
  • Unit load material handling system is expected to account for the largest share of the automated material handling equipment market during the forecast period.
  • The growing demand for automated material handling equipment in the e-commerce industry is anticipated to propel the unit load material handling systems market during 2022−2027.
  • The e-commerce industry is projected to account for significant share of automated material handling equipment market during the forecast period.
  • The report profiles key players in automated material handling equipment companies such as Daifuku, KION, SSI Schaffer, Toyota Industries, and Honeywell International.