Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
  
Materials Handling Equipment in the GCC Market Revenues Set to Reach US$ 5 Billion by 2020
Materials Handling Equipment in the GCC Market Revenues Set to Reach US$ 5 Billion by 2020

Leading global materials handling equipment suppliers sign up for Materials Handling Middle East 2017

Dubai, U.A.E: With over 130 exhibitors from as many as 21 different countries, representing 250 brands, having already signed up for the upcoming 9th edition of Materials Handling Middle East, the region continues to be a key focus of leading names in the intralogistics, warehousing, freight and cargo industries.

Materials Handling Middle East, is the only dedicated trade and networking event for the logistics, supply chain management and warehousing industries serving the wider Middle East. Additionally, despite the overall slowdown in economic growth trends worldwide, the materials handling and logistics industries have continued to enjoy a relatively healthy growth rate in the region.

According to research by analysts Frost & Sullivan, the market revenue for Materials Handling Equipment in the GCC, which was worth US$ 3.78 billion in 2014, is set to maintain a CAGR of over 4% while reaching an estimated $4.8-5 billion in revenues by 2020. Saudi Arabia, with about 46% and the UAE with 35%, make up the largest markets in the region and are expected to continue to spearhead market expansion going forward. 

Key drivers for the continued expansion in demand for materials handling equipment, continues to be the ongoing focus of the GCC countries in large-scale infrastructural and logistics development, including that of key transport and shipping hubs, export processing and free zones as well as the high dependence of many of these countries on imports of goods and services that calls for increased reliance on materials handling and logistics facilities.

Realising the potent growth potential of the regional market, the Top 20 of the world's leading materials handling systems suppliers have already signed up for Materials Handling Middle East 2017, which will run from September 11 to 13, at the Dubai International Convention and Exhibition Centre.

'As the only dedicated trade and business development event for the materials handling, logistics, warehousing and freight handling industries, Materials Handling Middle East has through the years served as an invaluable networking and interactive platform for industry stakeholders, suppliers, traders and buyers to conduct business and scope out the latest developments in the industry,' said Ahmed Pauwels, CEO of organisers Messe Frankfurt Middle East. 'This year we not only have participation from the top global brands and service providers but also a considerable increase in interest from trade buyers from across with wider region.'

Among the global heavy hitters who will be showcasing their latest offerings on the regional stage at Materials Handling Middle East 2017, include the likes of Swisslog, Daifuku and Kardex. Local leading lights such as GENAVCO, SPAN Motors and United Motors and Heavy Equipment will also be out in force, while debutants such as Feralco from France, MPM from Italy and Saudi manufacturer, Power Rack Factory will look to make more than just an initial favourable impact.

Touting the vital role of automation and the merging of digital and intelligent processes and systems as the road to the future of materials handling, Frederic Zielinski, General Manager of Swisslog Middle East, sees immense potential in the Middle East.

'The changing customer demands require forward-thinking innovative and flexible solutions from businesses. By implementing fully integrated, effective, future-proof automation solutions and keeping their facilities up-to-date with modernization companies can not only speed up their processes and satisfy changing customers’ needs but also stay profitable by adding greater productivity into their supply chain and reducing the amount of errors.

'Industry 4.0 has the potential to reshuffle the cards in how businesses operate. With networked intelligence in manufacturing and self- organising production processes, the 'factory of the future' will perform a quantum leap-in productivity, flexibility, and efficiency. The focus in the future will no longer be on the manufacturing process of purely mass-produced goods, but on the customized product manufactured to industrial. This evolutionary step can only succeed, however, if we finally break down the barriers between the digital and real worlds,' Zielinski stated.

GENAVCO, one of the UAE’s leading suppliers of warehouse storage and material handling solutions, is another exhibitor launching its end-to-end warehouse solution engineering capabilities during Materials Handling Middle East 2017.

Neeraj Mahajan, the Director of GENAVCO, said material handling equipment represents an integral part of the supply chain of diverse industries for storage, control and movement of items – from the raw material stage to the distribution of finished products. 

“The rising need for global production companies to automate operations and foster flow of goods in an efficient manner is the key force driving growth in the materials handling equipment market,” said Mahajan. 

“The main challenge for customers in this region is to get a complete solution from a single source. They have to approach two or three companies for a complete warehouse solution.  This process itself is time consuming and most of the time they are facing great difficulty to get an optimised solution meeting their needs. “Here we play a vital role with our Warehouse Solution Engineering to overcome this challenge by offering end-to-end solutions.  We design and develop custom made concepts as per customer requirements, so projects are delivered from one source and in the timeliest manner,' Mahajan stated.

Materials Handling Middle East 2017, will also feature the Supply Chain and Logistics Forum, a key interactive forum to discuss and examine the strategies, policies, trends that are of relevance to the industry today, as well as shining the light on new and existing opportunities in the field. The event will additionally showcase the Forklift Operator of the Year Challenge, a competition to decide the most talented and skillful forklift jockeys in the region.

 

 

 

Posted by : BIZ COM - For Proactive Communications,
Viewed 15293 times
PR Category : Real Estate & Retail
Posted on : Tuesday, July 4, 2017  4:51:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to BizCom PR

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Herbal Essences Taps into Nature's most Powerful Ingredients with the new Potent Aloe Vera... [7737-Views]
The Most Inclusive Range of Primers to Offer 24hr Correction for Any Skin Type, Any Skin T... [7564-Views]
Unique Spatial Sound Technologies for Ambient Room-filling Sound with Sony's Latest Premiu... [6831-Views]
Hello 2021, HELLO, GOOD STUFF! with Essence [5691-Views]
Middle East Hotels Ready to Capitalise on Workation Trend, says ATM [5568-Views]
IRENA's World Energy Transition Day Kick-Starts Crucial Assembly Meeting [4998-Views]
Ogilvy Names James Kinney as Global Chief Diversity, Equity & Inclusion Officer and Chief ... [4961-Views]
Latest PGA Tour Winner Kevin Na Joins Strong American Contingent vying for 2021 Saudi Inte... [3440-Views]
A New Wave of Coffee has Arrived at AlBarari [2608-Views]
Danube Group Launches World's First Civil Defence Approved Alucopanel A1 Aluminium Composi... [2517-Views]
Join the A-Beauty Revolution with Sukin's Buy 2 Get 2 Limited Time Offer [2468-Views]
Sony Middle East & Africa Launches Newest Addition to G Master™ Full-Frame Lens Series wit... [2456-Views]
How Small Travel & Tourism Business can Overcome COVID-19 Pandemic [2440-Views]
Dubai Shopping Festival's Highest Value Raffle Ever In Partnership With Idealz and W Motor... [2390-Views]
Children Fly Free With Etihad Airways [2374-Views]
Wizz Air Abu Dhabi Commences Operations in Abu Dhabi [2304-Views]
Abu Dhabi Delivers Knockout Opportunity for UFC Fight Island Triple Header Spectators to A... [2263-Views]
Jaguar Land Rover Mena Offers Customers Warranty Extension Lasting Up to 10 Years [2259-Views]
Dubai Sports Council Launch Dubai's First All-Schools Sports Tournament Series [2214-Views]
Ericsson: Smart Home Privacy: How to avoid ‘Data Paparazzi' [2157-Views]
Take Special Care of your Skin with Martiderm [2157-Views]
Etihad Airways to Recommence Flights to Doha [2152-Views]
Henrik Stenson Leads Past Winners' Delight for Omega Dubai Desert Classic Return [1939-Views]
Jalabiyas – Epitome of Grandeur, Grace and Elegance [1906-Views]
Red, Blush and Black - Steve Madden Is Ready to Celebrate Valentine's Day With the Quintes... [1845-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories