Global Automated Material Handling Equipment Market By Product (Robots, ASRS, Conveyor and Sortation Systems, Cranes, AGV) By System Type (Unit Load, Bulk Load) By Function (Storage, Transportation, Assembly, Packaging, Distribution, Waste Handling) By Industry (Automotive, Chemicals, Aviation, Semiconductor & Electronics, E-Commerce, Food & Beverages, Healthcare, Metals and Heavy Machinery) By Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America). Global Automated Material Handling Equipment Market was valued US$29.57 Bn in 2017 and is estimated to reach US$60.11 Bn by 2026 at a CAGR of more than 9.27% during a forecast period.
Growing level of order customization and personalization is cause to increase demand of Automated Material Handling Equipment. Growing start-up companies offering robotic solutions for warehouse automation. Rising popularity of Automated Material Handling equipment among leading industries. Rising labour cost and safety concerns. High integration and switching costs. It requires skilful workforce for repair and maintenance.
Robots segment is major share in the Automated Material Handling Equipment Market
In terms of Product Segment Robots is major in the Automated Material Handling Equipment Market. Robots are used in manufacturing industry for various purpose that is in assembly, machine loading, material removal, order picking, packaging, and waste handling. They help to reduce cost, improve quality, minimize waste, and save space in high-value in manufacturing industry. Implementing robots significantly increases the efficiency and productivity of manufacturing and warehouse operating companies. Also reduce labour cost, protect personnel or employees from injuries and deliver a high return on investment. Such advantages are increasing the demand for robots in manufacturing units and warehousing facilities.
Unit Load segment is anticipated to fuel during forecast period
The most use of unit load material handling systems in various industries is accredited to their cost-effectiveness and ability to handle several items concurrently which decreases the number of trips, time required for loading and unloading, and cost of handling. Unit load material handling systems involve properly sized items ordered into a single unit that can be relocated easily. It is a quick and economical method to move a large number of items in a single run. These systems help reduce the damage and handling cost and it is more efficient.
Storage segment plays a vital role in Automated Material Handling Equipment Market
Automated Material Handling Equipment is used for holding or buffering material over a certain period or when they are not being transported at that time storage segment plays a major role. The storage equipment consist of pallets, shelves, or racks on which materials may be stacked until they are transported. In Automated Material Handling Equipment for storage include warehouse floor space utilization, increased storage speed, efficient handling of heavy items and decreases frequency of accidents at workplace.
“Automotive industry expected to hold the largest market size the AMH equipment market between 2018 and 2024”
These firms required to carry out their manufacturing and assembly operations efficiently by handling a varied variety of components carefully and keeping track of the same. The need for persistent availability of components and spare parts, just-in-time (JIT) delivery of materials and decrease in the cost of unproductive labour are driving the growth of the market for the automotive industry.
Asia Pacific dominated the Automated Material Handling Equipment Market
Asia Pacific hold the major share in the Global Automated Material Handling Equipment Market. The availability of unskilled labour and lesser production cost are some of the prime enablers which is major reason for the growth of the manufacturing sector in the country. The increasing awareness related to warehouse automation, increased emphasis of the leading developing economies such as China and India on robotics and automation, and growing e-commerce industry are some of the prime factors contributing to the larger size of Asia Pacific in the Automated Material Handling Equipment Market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Toyota Industries, Jungheinrich, KION, Daifuku, Hyster-Yale Materials Handling, Hanwha, John Bean Technologies, KUKA, BEUMER, Fives, KNAPP, Murata Machinery, SSI Schaefer, TGW, Viastore, among others.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Automated Material Handling Equipment Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in Automated Material Handling Equipment Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Automated Material Handling Equipment Market positioning of competitors.
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