Automated Material Handling Equipment And Systems Market By Product (Robots, Automated Guided Vehicles (AGV), Conveyor & Sortation Systems, Automated Storage & Retrieval Systems, And Others), By System (Unit Load Material Handling System And Bulk Load Material Handling System), By Application (Transportation, Waste Handling, Packaging, Assembly, And Distribution), And By Industry Vertical (Automotive, Metals & Heavy Machinery, Food & Beverages, Semiconductor & Electronics, Retail, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024

Global automated material handling equipment and systems market predicted to reach approximately USD 52.67 billion by 2024, at a CAGR of around 7.81% between 2018 and 2024. Automated materials handling is an automation technology that eliminates the necessity of humans to check-in, check-out, and move bins containing the bulk of the material.

20-Nov-2018 | Number of pages: 176 | Report Code: ZMR-3533 | Report Format : | Status : Published

Analysis

Automated material handling is known as the management of material handling process by use of electronic equipment and automated machinery. Besides increasing the speed and efficiency by which materials are shipped, handled, and stored, automated material handling decreases the need of humans in manual work. This can considerably cut down human error or injury, cost, and lost hours when human workforce performs certain aspects of work physically.

Growing investment in several industries in developing countries, including Japan, India, China, etc., is anticipated to raise the automated material handling equipment and systems market demand. This enhanced demand is likely to influence many leading players to shift their focus towards the products that improve productivity. Furthermore, increasing importance of workplace safety and thriving-commerce industry are the major factors expected to contribute to the expansion of global automated material handling equipment and systems market in the coming years. Moreover, high return on investment (ROI) is one of the major factors escalating the demand for automated material handling equipment and systems across the globe. Unlike other systems, automated material handling equipment and systems have been able to effectively deliver operational and financial returns. Additionally, the rising adoption of big data analytics coupled with maps and navigation by enterprises will further fuel the demand for automated material handling equipment and systems. However, the high cost of installation may hinder the automated material handling equipment and systems market globally.

Global Automated Material Handling Equipment And Systems Market

On the basis of product, the global automated material handling equipment and systems market is segmented into robots, automated guided vehicles (AGV), conveyor & sortation systems, automated storage & retrieval systems, and others. System segment includes a unit load material handling system and bulk load material handling system. Application wise the market is divided into transportation, waste handling, packaging, assembly, and distribution. Various industry verticals analyzed in this market are automotive, metals & heavy machinery, food & beverages, semiconductor & electronics, retail, and others.

The automated material handling equipment and systems market is analyzed across five regions, which include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa with it further divided into major countries. Among region, Asia Pacific is predicted to have the highest growth rate in global automated material handling equipment and systems market. Expansion of manufacturing plants and growing production facilities are the major factors driving the progression of automated material handling equipment and systems market across the Asia Pacific countries. Stringent government regulations related to workplace safety is further projected to surge the demand for automated material handling equipment and systems in the region. Governments are emphasizing security and safety on the factory floor, which can be achieved through the implementation of automated material handling equipment and systems. 

Key players profiled in the global automated material handling equipment and systems market include Murata Machinery Ltd., Siemens AG, JBT Corporation, Bosch Rexroth, Bastian Solutions, Inc., Daifuku Co. Ltd., Swisslog Holding AG, Toyota Industries Corporation, SSI Schaefer AG, Dematic Group S.A.R.L, and others.


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