Global bag forklift systems market: Introduction
Bag forklift systems are equipment used to eliminate the need for manual lifting of OOG (Out of Gauge) baggage. This creates a safe work environment for operators and reduces the risk of damage to OOG baggage. In many cases, certain baggage exceeds the size and weight of standard shipments, and therefore has to be manually transferred between the container and the departure/arrival station. Bag forklifts are highly efficient loading and unloading systems, typically used in places such as airports. Other industries served by bag forklift systems include, the chemical and fertilizers industry, food & beverage industry, and other manufacturing industries. One of the key factors driving the growth of the global bag forklift systems market is that it drastically reduces human labour. Bag forklift systems can be efficiently operated by one operator. Therefore, due to convenience in operation, supported by safe working environment are some of the key factors, which are expected to ensure a rather positive outlook for the growth of the global bag forklift systems market during the forecast period.
Global bag forklift systems market: Dynamics
The global bag forklift systems market is expected to grow on the backdrop of the growth in air cargo, globally, which is currently registering a meteoric growth. Growing penetration of automated loading and unloading systems across the globe has significantly reduced man labour. Therefore, it is anticipated that bag forklift systems will be one of the most sought after automated machinery in the coming years. The growth in air cargo has been known to be consistent with improvement in trade volume. Therefore, increasing penetration of modern trade is also expected to be one of the key drivers for the growth of the global bag forklift systems market. Various manufacturers of bag forklift systems also emphasizes on incorporation of multiple concepts in the design of a bag forklift system.
For instance, the Ventomatic Flying Forklift system is a merger of two technologies – the palletiser, and the push-pull stack loader. Therefore, the palletiser feed the bag forklift system, which then loads stacks of bags directly on to the truck. This enables the system to remain operation all day long – as a truck loader when a truck is present, and as a palletiser, in the absence of any truck. This drastically optimizes the process of loading and unloading. Despite the positive outlook, there are certain factors which might potentially hamper the growth of the global bag forklift systems market. Many warehouses and logistics companies do not invest in bag forklift systems due to the high initial cost of setup.
Global bag forklift systems market: Segmentation
The global bag forklift systems market has been segmented as –
On the basis of end use, the global bag forklift systems market has been segmented into
- Warehousing and logistics
- Food & Beverages
- Chemical & Fertilizers
Global bag forklift systems market: Geographical Outlook
The global bag forklift systems market has been divided into seven key regions – North America, Latin America, Western Europe, Eastern Europe, Latin America, Asia Pacific excluding Japan, Middle East & Africa, and Japan. The North America bag forklift systems market is expected to retain the leading position during the forecast period. The large and growing volume of trade in the U.S. is the key factor for the growth of the North America bag forklift systems market. The APEJ bag forklift systems market is expected to witness a high CAGR during the next ten years, with growing trade volumes in countries such as China and India. The governments in these countries are pushing for improvement in trade infrastructure in these countries, which will essentially double the volume of shipments in the next five years.
Global bag forklift systems market: Key Players
Few of the key players operating in the global bag forklift systems market are - Beumer Group and Forklift Systems Inc., among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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