New York, NY, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “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”. According to the report, global automated material handling equipment and systems market was valued at approximately USD 31.11 billion in 2017 and is 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. The mechanical components used in automated material handling include sorters, conveyors, check-in machines, singulators, and stackers. In some material handling processes, there must be a scanner to read the bar code and RFID tags.
Browse through 87 Tables & 40 Figures spread over 176 Pages and in-depth TOC on “Global Automated Material Handling Equipment And Systems Market Size, Share, Trends and Forecast, 2017 – 2024”.
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Increasing automation need in almost every industry has changed the very phase of the application of automated material handling equipment and systems and has brought a paradigm shift in semiconductors & electronics industry. With the inception of new technologies including robotics, automated vehicles, and wireless technologies, the automated material handling equipment and systems market has observed a noticeable development in the past few years. Furthermore, the growing necessity of improving operational efficiency is one of the key aspects driving the expansion of automated material handling equipment and systems market. The product improves the efficiency of operation and optimizes the workflow by using automated guided vehicles and other components such as robots, conveyors, etc. Moreover, major players in the market are focusing mainly on the producing cost-effective and energy-efficient material handling solutions in order to expand their customer base. However, some technical glitches in the components of AMH (automated materials handling) system can restrain the global automated material handling equipment and systems market growth.
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, food & beverages, metals & heavy machinery, semiconductor & electronics, retail, and others.
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North America is expected to have the largest market share in the overall automated material handling equipment and systems market. The flourishing retail industry in the U.S. helped the automated material handling equipment and systems market to grow significantly in the North American region. According to the recent study, it is estimated that two third of the U.S. GDP will come from the retail sector in the coming years. Hence, businesses are focusing more on consumer preference and effective material handling process by adopting advanced automated material handling equipment. Furthermore, recent merger and acquisitions happening in the automated material handling industry are expected to propel the automated material handling equipment and systems market in North America. For instance, the leading U.S. based material handling company Murata Machinery Ltd acquired Sweden-based AGVE AB –AGV system controls provider – in March 2018.
Europe has moderate growth in the global automated material handling equipment and systems market. Increasing adoption of robots and automated guided vehicles in material handling process across the automotive sector has led to the demand for automated material handling equipment and systems in Europe. Furthermore, the thriving automotive industry in the European Union encourages major players in the market to adopt new technologies in producing efficient material handling solutions. The automotive industry is predicted to provide jobs for 12 million people and will contribute 4% towards the EU’s GDP. Europe is one of the largest producers of vehicles and the region has witnessed large investments in R& D across the automotive sector of the region.
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The Asia Pacific is expected to have the highest growth rate in the global automated material handling equipment and systems market over the estimated timeline. Expansion of manufacturing plants and growing production facilities are the major growth factors of automated material handling equipment and systems market across the Asia Pacific countries. Stringent government regulations related to workplace safety is further expected to propel the demand for automated material handling equipment and systems in the region. Governments are emphasizing on security and safety of the factory floor, which can be achieved by the implementation of automated material handling equipment.
Latin America is expected to witness a moderate growth in automated material handling equipment and systems market during the forecast span. Growing adoption of industrial Internet of things (IIoT) is one of the prominent factors that are likely to help automated material handling equipment and systems market to expand in Latin America. Furthermore, increasing popularity of intra-logistics, supply chain management, and freight & cargo systems in sectors such as manufacturing, mining, etc have driven the automated material handling equipment and systems market growth in the Middle East and Africa.
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Major players operating across automated material handling equipment and systems market are Daifuku Co. Ltd., Dematic Group S.A.R.L, Siemens AG, Toyota Industries Corporation, Bosch Rexroth, Murata Machinery Ltd., Swisslog Holding AG, JBT Corporation, SSI Schaefer AG, Bastian Solutions, Inc., and others.
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The report segments global automated material handling equipment and systems market as follows:
Global Automated Material Handling Equipment and Systems Market: Product Segment Analysis
- Robots
- Fixed Robot
- Mobile Robot
- Automated Guided Vehicles (AGV)
- Pallet Truck
- Unit Load Carriers
- Forklift Truck
- Others
- Conveyor & Sortation Systems
- Roller
- Belt
- Overhead
- Others
- Automated Storage & Retrieval Systems
- Carousel
- Fixed Aisle
- Vertical Lift Module
- Others
Global Automated Material Handling Equipment and Systems Market: System Segment Analysis
- Unit Load Material Handling System
- Bulk Load Material Handling System
Global Automated Material Handling Equipment and Systems Market: Application Segment Analysis
- Transportation
- Waste Handling
- Packaging
- Assembly
- Distribution
Global Automated Material Handling Equipment and Systems Market: Industry Vertical Segment Analysis
- Automotive
- Metals & Heavy Machinery
- Food & Beverages
- Semiconductor & Electronics
- Retail
- Others
Global Automated Material Handling Equipment and Systems Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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