Market Research Future published a Half-Cooked research report on “Global Automated Material Handling Equipment Market Report – Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027
The major growth driver of automated material handling market includes increased adoption of automation in the manufacturing and warehouses industries and constant evolution innovation in automated technology that aids to reduce the time and overhead expenses of material handling. Furthermore, the increased demand for automated system in different verticals such as automotive, pharmaceuticals and chemical industries are expected to boost the demand for automated material handling market over the forecast period. However, high cost for installation, shortage of technical expertise, high maintenance costs of equipment and system are some of the factors which are hindering the growth of automated material handling market.
Some of the major players in Global automated material handling Market include Schaefer Holding International (Germany), Daifuku Co. Ltd (Japan), Hyster-Yale Material Handling, Inc. (U.S.), Jungheinrich AG (Germany), KION Group AG (Germany), Kardex (Switzerland), Intelligrated (U.S.), Swisslog AG (Switzerland), and Toyota Industries Corporation among others, are profiled in MRFR Analysis and are at the forefront of competition in the global automated material handling market.
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Industry/ Innovation/ Related News:
May 15, 2018 – Toyota Advanced Logistics North America, Inc. (TALNA), a leading global provider of end-to-end supply chain solutions announced the completion of the acquisition of Peach State Integrated Technologies (USA), a material handling integration and strategic supply chain consulting, and engineering firm. This deal supporting TALNA’s growth strategy will help it offer an expanded network of services and knowledgeable supply chain professionals to its clients.
April 30, 2018 – Cincinnati Incorporated (US), a leading global manufacturer of a wide variety of metal fabrication equipment including Laser Cutting Systems, etc. launched its new machine handling system, namely – Multi Axis Rapid Cincinnati Handling (MARCH) for automated handling of metal fabrication materials. Designed to be used with the manufacturer’s lasers, MARCH is available in standard and high-density configurations that can vary from simple load/unload to expandable towers.
The Automated Material Handling market appears fiercely fragmented & competitive due to the competitive landscape formed by the many large and small players along with the new entrants. Agreement & Partnership, Product Launch, Acquisition, and expansion are the strategies of the key players, traced from the recent proceedings.
Substantial investments have been made in the R&D to develop a technology that is entirely on a different level and unrivaled. Manufacturers strive to deliver power-efficient & lightweight cameras capable of producing pristine imagery in a variety of demanding situations.
Globally, Asia-Pacific region dominates the Automated Material Handling market owing to the presence of numerous manufacturing plants in the various countries in the region. Most of the nations in APAC are in their developing phase, hence are open for the foreign investors, therefore, allowing the international players of multiple domains to open the manufacturing unit in these countries.
Furthermore, the Asia-Pacific region is expected to grow significantly in the space of power quality equipment (PQE). Automated Material Handling also facilitates the distribution and production of materials majorly in the e-commerce industry. Thereby, booming eCommerce and PQE industry will provide a great impetus to the growth of the APAC market of the Automated Material Handling.
Europe accounts for the second largest market for the Automated Material Handling, in terms of revenue and market size. Resurging economy coupled with the booming regional industrial sector combined with the augmenting workplaces safety concerns, especially in automotive, food & beverage and metal & heavy industries, will propel the regional market growth.
North America region, on the other hand, accounts for the third largest market for the Automated Material Handling owing to the presence of numerous manufacturing plants primarily in the US. The proliferation and uptake of advanced technology foster the market growth mostly.
Segmentation by Product: Robots, Automated Storage and Retrieval Systems (ASRS), Automated Conveyors and Sortation Systems, Automated Cranes, Automated Guided Vehicles (AGV)
Segmentation by System: Unit Load Material Handling Systems, Bulk Load Material Handling Systems
Segmentation by Software: Warehouse Management System, Warehouse Control System, Warehouse Execution System
Segmentation by Function: Storage, Transportation, Assembly, Packaging, Distribution, Waste Handling.
Segmentation by Industry: Automotive Metals & Heavy Machinery, Food & Beverages, Chemical, Semiconductor and Electronics, Healthcare, Aviation, E-Commerce, Others (paper and printing, and textile and clothing)
Segmentation by Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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