The automated material handling equipment industry is expected to grow due to increase in industrial automation in safe transportation of materials. The development of new automated guided vehicle offering reduced operating costs, battery free option, high return on investment, and safety features are expected to have substantial impact on the market growth. Development in the e-commerce industry with the help of automation has made all processes error-free. With an increase in the number of orders, the volume of shipment and deliveries has also increased. Starting from the stocking of products to enable storage facility in warehouses to sorting and stocking of products, automated material handling equipment has supported the functions of the e-commerce industry.
Moreover, technological advancements such as the introduction of vision guided navigation technology, which allows the vehicle to follow the route without any human intervention, has further strengthened the market growth for automated transport equipment. In addition, the demand for energy efficient and eco-friendly robotics systems are expected to increase the demand for automated material handling equipment. However, high initial installation costs of such systems could hamper their market growth.
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The Asia Pacific is one of the prominent regions in automated material handling equipment market which is contributing highest revenue globally due to an increase in the demand for automotive, consumer goods, and electronic devices. Moreover, rise in the labor costs in China and India pertaining to the fact of raise in the standards of living of the population. Also, due to conventional human methods, chances of errors increases which further compel the manufacturers to look ahead for sophisticated error-free solutions.
Some of the key players operating in the automated material handling equipment market includes Fives, Jungheinrich AG, Kuka AG, Kion Group AG, Daifuku Co., Ltd., BEUMER Group GmbH & Co. KG, Hyster-Yale Materials Handling, Inc., Hanwha Corporation, Toyota Industries Corporation, and John Bean Technologies Corporation among others.
Owing to the fact of growth in automotive, e-commerce, logistics, and other industries such as retail, chemicals, metal & heavy machinery industry and many more are booming with an increase in the economy of countries. The growth in respective industries implement and uses automation in their facilities to make the process error-free and to have higher efficiency. Especially in manufacturing and warehouses, automation plays a vital role which helps in the growth of automated material handling equipment market. The e-commerce industry is experiencing a huge demand due to high income of individuals and availability of wide-range of products in a single window. These factors drive the e-commerce industry which eventually grow the market of automated material handling equipment as the e-commerce requires automation in their respective facilities. Use of robots, automated guided vehicles, and automated storage systems.
The global automated material handling equipment market is segmented on the basis of industry which is fragmented into automotive, electronics, food & beverage, e-commerce, aerospace, logistics, pharmaceuticals, and others which includes metal & heavy machinery, chemicals, and retail. The automotive industry is leading the market for automated material handling equipment followed by e-commerce and logistics. In a current scenario, automotive industry holds a high market share owing to the fact of increase in the level of income and better standard of living. However, aerospace is growing at a highest CAGR and is anticipated to dominate the market by 2025.
The report aims to provide an overview of global automated material handling equipment market with detailed market segmentation. Also, it analyzes the current market scenario of automated material handling equipment market and forecasts the market till 2025. The report covers market dynamics affecting the automated material handling equipment market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the automated material handling equipment market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the automated material handling equipment market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
The Insight partners,
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.