Market Overview
Market Research Future (MRFR) highlights in its latest research report that the global automated material handling market 2020 is projected to rise tremendously over the review period, achieving a significant market valuation and a substantial CAGR over the review period.
Drivers and Restraints
Such equipment has evolved rapidly in recent years, with the adoption of technology has undergone many significant transformations. Clearly, producers are the driving forces for making such improvements happen. Taking into account the three goals, they have set up a variety of automated equipment such as cranes, conveyors, elevators, lift and lift truck track cranes, stackers, bridge cranes and monorails, port cranes and helicopter lifts, etc. In this field, technical advances have slowly taken advantage of practical and cost-effective approaches leading to the automation of such equipment. These innovations have unprecedentedly accompanied their market value, making these devices accessible and widely adopted.
Competitive Analysis
The major market players operating in the global market as acknowledged by MRFR are Daifuku Co. Ltd (Japan), Schaefer Holding International (Germany), Murata Machinery (Japan), Dematic (U.S.), Mecalux (Spain), Vanderlande Industries (U.S.), Swisslog AG (Switzerland), BEUMER Group (Germany), Kardex (Switzerland), Intelligrated (U.S.), among others.
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Segmental Analysis
- Segmentation by Operation has been done into storage & transportation, assembly, waste management, Packaging & distribution, among others.
- Segmentation by Software & Services comprises Services- (training, Maintenance & Repairs, and software up-gradation), Software (WMS- Warehouse management system, and TMS- Transportation management system).
- Segmentation by Application includes healthcare, foods & beverages, automotive, e-commerce, chemicals, semiconductors, aviation, and electronics, among others.
- Segmentation by Automated Equipment comprises automated cranes, Automated guided vehicles, robotics systems, conveyors, automated storage and retrieval system, among others.
Regional Outlook
The global market geographic synopsis was analyzed in four major regions, including North America, Europe, Asia Pacific and the rest of the world.
The Asia-Pacific region dominates the Automated Material Handling industry because of the presence of numerous manufacturing plants in the various countries in the region. Most of the APAC nations are in their phase of development and are thus open to foreign investors, thereby enabling the production unit in these countries to be accessible to multidomain international players. The Asia-Pacific area is also expected to expand significantly in Equipment for Power Quality (PQE) space. Furthermore, automated material handling enables material processing and production, particularly in the e-commerce market.
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TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Automated Material Handling Market, By Segments
- Competitive Analysis
Continued…
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Market OverviewIn its new research report, Market Research Future (MRFR), highlights that the global automated material handling market 2020 is expected to grow exponentially over the review period, securing a considerable market valuation and a substantial CAGR over the review period.Get Free Sample Report:https://www.marketresearchfuture.com/sample_request/1029Drivers and RestraintsSuch equipment has grown dramatically over the last few years, experiencing several notable transformations with the introduction of technology.
Technological developments that prevailed in this sector have gradually taken advantage of functional and cost-effective approaches leading to the automation of these equipment.
These innovations have accompanied their market value to an unprecedented level, making these devices popular and widely adopted.Other factors that contribute to the growth of the market include rising automation across production industries.
In addition to factors such as continuous technical progress, the modernization of the manufacturing plants, and the expansion of the industrial base in developing countries, Automated Material Handling equipment is providing fuel for business development.Industrial Internet of Things (IIoT) proliferation driven by new automation projects pursued by manufacturers moving towards Industry 4.0 revolution has shaped business growth, enhancing their operations.
Extensive analytics take-up will allow the industry to experience a tremendous change in the coming years.Segmental AnalysisSegmentation by Operation: storage & transportation, Packaging & distribution, assembly, waste management, among others.Segmentation by Software & Services comprises Services- (Maintenance & repairs, training, and software up-gradation), Software (TMS- Transportation management system, WMS- Warehouse management system).Segmentation by Application includes e-commerce, foods & beverages, healthcare, automotive, chemicals, aviation, semiconductors, and electronics, among others.Segmentation by Automated Equipment comprises Automated guided vehicles, automated cranes, robotics systems, automated storage and retrieval system, conveyors, among others.Regional Analysis The geographical synopsis of the global market has been analyzed in four major regions, including North America, Europe, the Asia Pacific, and the rest of the world.Due to the presence of numerous manufacturing plants in the various countries in the region, the Asia-Pacific region dominates the Automated Material Handling industry.
The Asia-Pacific region is also expected to grow substantially in the Power Quality Equipment (PQE) space.
