The American authoritative material handling magazine "Modern materials handling MMH" recently released its annual 2021 TOP20 list of global logistics and warehousing system integrators. Although Japan's Daifuku revenue declined slightly, it still ranked first with US$4.39 billion, followed by Dematic with US$4.299 billion, and SSI SCHAEFER, which ranked third, also made a breakthrough, reaching US$3.7 billion. The last two places on the list are: German AUTOSTORE ranked 19th with 327 million, and Italian system logistics SPA ranked 20th with 322 million. The biggest impression of this list is that the growth rate is astonishing. For example, Dematic, which is in second place, has reached a growth rate of 33.3%, and Honeywell is ranked fourth with a growth rate of 45.7%, reaching 2.94 billion. Dollar. The 20 companies grew an average of 23% for the year, soaring from $25.9 billion to $31.9 billion. With the global economy dragged down by the new crown epidemic, the logistics equipment market can be described as thriving, which is very similar to the situation in China.
If we look at it a little longer, the performance of the logistics equipment market in recent years is also very beautiful. According to the statistics of 2018, the annual revenue of the world's TOP20 is 21.6 billion US dollars. Although Daifuku ranks first with 4.16 billion US dollars, Honeywell in fourth place is only 1.7 billion US dollars, and Stocklin in the last place. logistic AG is only $148 million. In the past 4 years, the total amount has increased by 47.6%, and the entry threshold has increased by 117.5%. In the context of the general recession of the global economy, it must be said that this is a huge miracle.
If you want to carefully analyze the business growth of logistics and warehousing system integrators around the world, it can be roughly summed up in the following aspects:
(1) Rapid growth of e-commerce and semiconductor business. Most businesses are benefiting from the rapid growth of global e-commerce, which is somewhat similar to the situation in China. What is special is that Daifuku's business growth in semiconductors is an important reason for the rapid growth of its business. Of course, this is directly related to the global chip tension. Looking at the global economy, the Sino-US trade war is intensifying, the new crown virus is raging, the economy is down, and e-commerce is thriving. During the three years when China was basically isolated from the rest of the world, it was e-commerce that built a bridge to communicate with each other. Just as the so-called crisis breeds opportunities, the outbreak of the epidemic has unexpectedly contributed to the rapid growth of e-commerce.
(2) Enterprise mergers, mergers and acquisitions all over the world since 2015, have given birth to the rapid development of enterprises, and have now come to fruition. In particular, the mergers and acquisitions of forklift giants have directly driven the rapid growth of corporate businesses, the most typical of which is Dematic. After it was acquired by Kaio Group in 2016, in the North American market alone, the annual increase in orders exceeded 1 billion US dollars. Toyota's acquisition of Vanderlande is very similar. Forklift is one of the most important equipment in the logistics system. In line with this, the growth rate of the forklift market has more than doubled in the past five years, which also confirms the earth-shaking changes in the logistics market from another perspective.
(3) The rapid growth of the North American market is an important reason for the substantial growth of many large enterprises. Whether it is Dematic, SSI SCHAEFER, Honeywell and Murata and other companies, their sources of performance are mainly due to the vigorous development of the North American market, because their business in China is lackluster. Why is the U.S. market so hot? On the one hand, it is the impact of the epidemic. In fact, the degree of logistics automation in the United States has been lagging behind compared with Europe and Japan. The outbreak of the epidemic has made it very difficult to recruit workers. Large-scale fully automated logistics distribution centers have become the first choice. On the other hand, in the United States creating an environment for the return of manufacturing, logistics has instead gained a first-mover advantage, and a large number of additional US dollars have been issued, making the US economy more prosperous than European countries and accelerating the development of the logistics industry. This is a personal opinion.
For Chinese enterprises, the development of these years is also in full swing, and they are struggling to catch up. The growth rate of China's logistics equipment market is no less than the global performance, and the development of logistics equipment enterprises is also the same. Since 2016, the annual growth rate of China's logistics market has exceeded 20%, and China has won the first position in the production and sales of logistics equipment market in 2018-2019. With the help of capital, Chinese enterprises have achieved rapid growth for many years, including Xinsong Robot, Nuoli, Yinfei Storage, Dongjie Intelligence, Today International, Kunchuan, Beizi Institute, Damon Technology, Shanghai Jingxing And so on, its revenue has exceeded 1 billion yuan, the highest is close to 3 billion yuan, more than 400 million US dollars. If it is put on the international stage, it has already reached the threshold of TOP20. It can be estimated optimistically that with the rapid growth of the logistics industry and the continuous mergers among enterprises, it will not take too long for Chinese logistics system integrators to enter the top 10 ranks in the world. What needs to be paid attention to is that enterprises in the logistics equipment industry are too scattered, and the price war is intensifying, which will be very unfavorable to the healthy development of the future market.
Technical Support: YCXF