Why automated material handling equipment industry is rapidly growing

A new report published by Allied Market Research, titled, Automated Material Handling (AMH) Equipment Market: Global Opportunity Analysis and Industry Forecast, 2014 - 2022, projects that the global automated material handling equipment market size is expected to reach $39,060 million by 2022. Robotic systems dominated the global market in 2015, and is expected to maintain this trend from 2016 to 2022. Europe is expected to dominate the market throughout the forecast period due to increase in demand for automated technologies in manufacturing industries.

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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.

Europe dominates the market owing to presence of major industry players including Siemens AG, Bosch Rexroth, Swisslog Holding AG, SSI Schaefer AG, and Dematic Group S.A.R.L. In fact, Germany accounted for the highest market share in this region. Asia-Pacific on account of demand from China, India, Japan, and other developing countries pose lucrative opportunities for market players. LAMEA is expected to grow at a steady CAGR during the forecast period, with growth in developing nations such as Brazil.

Among the major industry verticals, the automated materials handling systems find widespread usage in the automotive industry. Automotive industry accounted for more than 26% share of the global market in 2015 owing to increased automobile production in China, Japan, and India. This segment is estimated to witness significant growth during the forecast period due to improving production processes, lowering labor intensity, and timely delivery of materials.

Key findings of the study:

• In 2015, robotics system accounted for the maximum market revenue, and
is projected to grow at a CAGR of 8.4% during the forecast period.

• E-commerce industry segment is expected to grow at a significant CAGR of
8.0%, owing to increased use of automated guided vehicles for order
fulfilment.

• Packaging application segment is anticipated to be the fastest growing
segment in automated material handling equipment market during the
period from 2016 to 2022.

• Germany is the major shareholder in the Europe automated material
handling equipment industry, accounting for around 35.2% share in 2015.

Key players operating in the market include Daifuku Co. Ltd., Siemens AG, Bosch Rexroth, Murata Machinery Ltd., Swisslog Holding AG, SSI Schaefer AG, Dematic Group S.A.R.L, Toyota Industries Corporation, JBT Corporation, and Bastian Solutions, Inc.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. The data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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This release was published on openPR.