An Extensive Study on France Material Handling Market

Introduction

France Material Handling market is projected to grow at decent CAGR during the forecast period to reach a multi-billion market share in 2024. per national statistics agency INSEE, French consumer confidence also rose to its highest level with index hit 102 in May 2017 from 100 in April 2017. The European Commission’s sentiment data also showed improvements across all sectors in France- industry, retail, services, consumer, and construction which will also contribute to the growth of material handling market in France during the projected period.  

france material handling market

By product, automated guided vehicles segment will witness the fastest growth during the forecast period owing to the increasing demand for automated machines and equipment that helps in meeting the objectives of enterprises in reduction of floor space, labor, and inventory levels to raise productivity while reducing manufacturing cycle time. By application, warehousing and distribution is projected to grow at the highest CAGR during the forecast period due to growing French e-commerce industry. The development of modern and advanced distribution channels and warehouses need to be equipped with efficient material handling equipment to make on-time deliveries to the customers. Furthermore, growing end-use industries such as automotive, and food and beverage have spurred the demand for warehouses to store and manage their products. 

Stagnant Growth Of Pharmaceutical Industry

Owing to 2007 global recession and the financial fragility of the Eurozone, the France’s government has enacted new policies aimed to better encourage generic substitution of the patented drug to curtail healthcare spending which is pressuring pharmaceutical companies to reduce the selling prices of patented drugs and medicines.

france material handling market analysis

The policies include a scheme under which patients who agree to generic substitution are not required to pay for their drugs. According to a report from the Caisse Nationale de l’Assurance Maladie (CNAM), the rate of generics substitution in France was 71% in June 2011. Moreover, there has been a decline in terms of R&D by large Pharma companies in France, with most developments being fixed-dose combination products.

France Material Handling Market Forecast By Product

By product, France Material Handling market is segmented as automated guided vehicles, automated storage and retrieval systems, trucks and lifts, cranes, and others.

france material handling market
 share

Automated Guided Vehicles market accounted for the biggest market share in 2016 and is projected to continue its dominance throughout the forecast period owing to high demand for pallet trucks and fork trucks from booming e-commerce industry in the country. Automated storage and retrieval systems will witness moderate growth over the forecast period, while others segment comprising of hoists, conveying system and others will grow significantly over the next four years. 

Automated Guided Vehicles

Automated Guided Vehicles segment dominates the France Material Handling market by growing from US$1.612 billion in 2016 to US$1.998 billion in 2020 at the highest CAGR of 5.51% during the projected period. (Towing vehicles, unit load vehicles, pallet trucks, fork trucks, hybrid vehicles, and assembly line vehicles have been considered as part of this study. AGVs are typically used where high volume of repetitive movements of material is required in the hazardous working environment.

These material handling products are used across manufacturing, , logistics, aerospace, food and beverage, and automotive among other industries to improve the work flow and lower costs. AGVs are also used in military and defence applications as unmanned vehicles. Increasing demand of AGVs by processed food and beverage industry in France will propel the AGV market growth, since AGVs are increasingly being used to transport food in less operator-friendly environments (cold storage, drying kilns, freezers). The demand for forklift trucks is also witnessing significant growth owing to a surge in logistics and warehousing industry and thereby contributing to overall growth of this segment.  Egemin’s AGV (acquired by KION Group) can handle palletized and unit loads of beer, cereals, soft drinks, snack foods, in-process ingredients, packaging materials, etc., in manufacturing, warehousing, cross-docking, and trailer loading environments. Recently in March 2017, Dematic announced its plan to integrate Egemin Automation into its organization to become the world’s largest AGV supplier while enhancing Dematic’s system integration capability in Europe. 

Request Free Sample or Download Report

france material handling market share

For Automation Industry Coverage

france material handling market analysis

Click Here For All Industry Reports 

 Connect with us :

https://www.facebook.com/knowledgesourcing/

https://in.linkedin.com/company/knowledge-sourcing-intelligence

https://twitter.com/ksourcingi

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s