The new report by Expert Market Research titled, ‘Global Automated Material Handling Equipment Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global automated material handling equipment market, assessing the market based on its segments like Component, Product, System Type, Function, Industry, and Regional market among others. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): 32.1 billion USD
- Forecast CAGR (2021-2026): 7%
Automated material handling equipment is widely used in manufacturing and warehousing units with the goal of reducing downtime and labour costs, efficiently combining manufacture, transportation, and distribution, and generating a quick and high return on investment. Additionally, the material handling business has been transformed by the incorporation of emerging technologies like as artificial intelligence, SLAM (simultaneous localization and mapping), and the Internet of Things, which have resulted in the industry’s most recent developments and breakthroughs.
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Industry Definition and Major Segments
Automated material handling equipment refers to any automation that lowers or eliminates the need for human involvement throughout the product manufacturing process, resulting in increased production efficiency. Logistics and supply chain management, which aids in increasing company performance, is one of the most essential components of many sectors today. Suppliers may simplify inventory, better manage cash outlays, and improve the characteristics of operations with the aid of logistics and supply chain management, allowing them to expand their company activities.
On the basis of Component, automated material handling equipment market is segmented into:
Based on the Product, automated material handling equipment market is divided into:
- Automated Storage & Retrieval Systems (ASRS)
- Conveyor & Sortation Systems
- Automated Guided Vehicles (AGV)
Based on the System type, automated material handling equipment market is categorised into:
- Unit Load Material Handling Systems
- Bulk Load Material Handling Systems
Based on the Function, automated material handling equipment market is categorised into:
- Waste Handling
Based on the Industry, automated material handling equipment market is divided into:
- Metal & Heavy Machinery
- Food & Beverages
- Semiconductors & Electronics
- Health Care
The major regional markets of automated material handling equipment market are:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The growth of the automated material handling equipment industry is being fueled by the increasing number of start-ups offering robotic warehouse automation solutions, the increased popularity of automated material handling equipment among major industries, improved manufacturing processes, rising labour costs, and a growing emphasis on security. The high cost of automated material handling equipment for small and medium businesses, as well as significant integration and switching costs, are the major constraints for this market. The continual growth in demand for automated material handling equipment is a significant driver in the worldwide automated material handling equipment market, as firms realise the value of cost-cutting and labor-reduction. The boundaries of operational efficiency in the manufacturing, processing, material handling, and logistics industries will continue to be pushed as sensor technologies develop and the ability to harness and examine large data becomes increasingly practical in real time.
Key Market Players
The major players in the market are Daifuku Co., Ltd., Jungheinrich AG, Kion Group AG, Toyota Industries Corporation, Hyster-Yale Materials Handling, Inc., JBT Corporation, KUKU AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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