Automated Material Handling Market Trends, Competitive And Regional Forecast To 2027
- ehteshampeerzade
- Oct 6, 2020
- 3 min read
Market Highlights
The technology is comparatively newer and is likely to gain traction over the next couple of years. The market is also projected to acquire a decent valuation by the end of the review period. It is expected to witness high demand in the years to come. The expansion of the manufacturing industry is likely to propel the expansion of the automated material handling market in the foreseeable future. Also, its rising application over sectors such as automotive, healthcare, among others, is anticipated to open growth opportunities for the market players during the assessment period.
The recent report by Market Research Future (MRFR) states that the global market is slated to acquire a significant market valuation at a moderate CAGR over the review period.
Automated Material Handling (AMH) refers to the automated material lifting devices used across industries, in every single step of a product life cycle from production to the delivery to the end consumers. They are used for safe moving, lifting, and storage of materials without human intervention, in manufacturing and distribution departments. These equipments are cost-effective and help the end-users to capably achieve three main goals a manufacturing unit demands - increased safety, flexibility and efficiency, all this while saving an enormous amount of time.
Technological advancements are poised to have an important role to play in the growth of the automated material handling market over the evaluation period. In addition, the increasing adoption of technologies such as IoT, IIoT, among others, is projected to drive the growth rate of the market in the nearby future.
The governments are supporting the adoption of advanced technologies across industrial domains. This, in turn, is expected to catapult the automated material handling market on a rising trajectory. In addition to these factors, the rising inclination towards the adoption of Industry 4.0 is also predicted to favor the growth trajectory of the global market over the next couple of years. On the other hand, the price of the installation of these machines is too high, which can act a challenge to the market players of the global automated material handling market.
Regional Analysis
Currently, Asia-Pacific is dominating the market of automated material handling due to increase in the number of manufacturing plants in various countries of this region. Most of the countries in Asia-Pacific is in the developing phase and as a result open to the foreign investment which is allowing the foreign players of multiple domain to open the manufacturing unit in these countries. Europe is the second big market for the automated material handling followed by North America is accounts for XX% of market share.
Competitive Analysis
The major market players identified by MRFR in the global market are Schaefer Holding International (Germany), Daifuku Co. Ltd (Japan), Dematic (U.S.), Murata Machinery (Japan), Mecalux (Spain), Vanderlande Industries (U.S.), BEUMER Group (Germany), Swisslog AG (Switzerland), Kardex (Switzerland), Intelligrated (U.S.) among others.
Characterized by the presence of numerous major well-established players, the in-vehicle surveillance video Market appears to be highly competitive. Well established players incorporate collaboration, acquisition, partnership, expansion, and technology launch in order to gain a competitive advantage in this market and to uphold their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period.
Segmentation:
Based on the operation, the global automated material handling market size has been divided into assembly, storage & transportation, packaging & distribution, waste management, and others.
Based on the software and services, the segmental analysis of the automated material handling market is bifurcated into Software (WMS- Warehouse management system and TMS- Transportation management system), and Services- (training, maintenance & repairs, and software up-gradation.
The global automated material handling market, on the basis of the application, has been segmented into healthcare, automotive, chemicals, foods & beverages, aviation, semiconductors and electronics, e -commerce, and others.
Based on the automated equipment, the automated material handling market has been segmented into automated guided vehicles, automated storage and retrieval system, automatic cranes, robotics systems conveyors, and others.
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