Automated Material Handling Equipment (or short as AMHE) can play an essential role in modern factories for work-in-process storage and offer the advantages of improved inventory control and cost-effective utilization of time, space and equipment. Warehouse material handling approaches are very commonly adopting Automated Material Handling Equipment, in which mainly includes: automated storage retrieval system, automatic guided vehicle, conveyor and sorter system. The automated material handling is used to reduce labor cost and manufacturing cost, eliminate human intervention, increase safety, and enable delivery on time. The AMH market in manufacturing has various applications, namely, automotive, chemical, aviation, semiconductor & electronics, energy, food & beverages, healthcare, metal & heavy machinery, and others (paper & printing, textile & clothing). The market for automated material handling equipment is fragmented with players such as Daifuku, Schaefer Systems International, KION Group, Murata Machinery, Vanderlande, and so on. Top 17 companies occupy about 50% market share in 2016. China, India and Japan are dominating the major production, China, Southeast Asia and India are main consumption area (countries), among them, India shows a good consumption potential in the near future. Company like DooSan Group from Korean is trying to involve with manufacture of AMHE, there`s high production growth potential in that country. Continuous rise in demand for automation in industries has revolutionized the adoption of automated material handling equipment. With the advent of technologies such as robotics, wireless technologies, and driverless vehicles, the automated material handling equipment market has witnessed significant growth over the last few years. Major players in automated material handling industry focus on the development of affordable, small, compact, and energy-efficient material handling solutions to reach a wider customer base. Recent boom in e-commerce is a major driver for the materials handling systems, with widespread demand for process automation in APAC area. E-commerce industry players aim on improving the quality of their service through minimal waste generation.
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In developing nations, industrialization and modernization primarily support the market growth. The major restraints for automated material handling equipment is high initial investment. The initial cost required for the set up and integration of the automated material handling equipment is high, which limits the use of these equipment in heavy manufacturing organizations. Industries with high labor costs are anticipated to use robotic systems and automated guided vehicles to reduce their labor costs and produce high quality products. Industries, such as automotive and electronics, where precision and accuracy play a major role, use automated systems to meet international quality standards. However, with new emerging technologies, and growth in competition in the market, the initial costs of automated material handling equipment would reduce in the future. Although automated material handling equipment brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
2021 Report Published via, “Supply demand Market Research” The Automated Material Handling Equipment Market Report covers product types, production with their market size, regionally Analysis and Revenue growth. In-depth competitive landscape for each player and market share is given in the report along with geographic analysis for the Automated Material Handling Equipment Market. This Report is witnessing a dynamic growth mostly in all the geographies mention in this report.
The global Automated Material Handling Equipment market was valued at 119.81 Million USD in 2020 and will grow with a CAGR of 6.68% from 2020 to 2027, based on SDMR Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
By Market Verdors:
Automated Storage & Retrieval Systems
Automated Conveyor & Sortation Systems
Automated Guided Vehicle Systems
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E-commerce & Retail
Food & Beverage
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