Toyota Industries and Jungheinrich are the Key Player in the Automated Material Handling (AMH) Equipment Market - Report by MarketsandMarkets™
According to the new market research report "Automated Material Handling (AMH) Equipment Market by Product (Robots, ASRS, Conveyor and Sortation Systems, Cranes, AGV), System Type (Unit Load, Bulk Load), Software & Services, Function, Industry, and Region - Global Forecast to 2024", the AMH equipment market is expected to grow from USD 33.46 billion by 2018 to USD 53.59 billion by 2024, at a CAGR of 8.2% during 2018–2024. Factors which are driving the AMH equipment market include growing presence of start-up companies offering robotic solutions for warehouse automation, increasing popularity of AMH equipment among leading industries, significant recovery in global manufacturing, and rising labor cost and safety concerns.“Robots to lead AMH equipment market during 2018–2024”
Robots are used to automate the manufacturing of goods. They are used in assembly, machine loading, material removal, order picking, packaging, and waste handling in the manufacturing industries. They help reduce cost, improve quality, minimize waste, and save space in high-value manufacturing areas. Implementing robots greatly increases the efficiency and productivity of manufacturing and warehouse operating companies. Moreover, the use of robots can reduce labor cost, protect personnel or employees from injuries, and provide a high return on investment. Such advantages are fueling the demand for robots in manufacturing units and warehousing facilities.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=92483121&utm_source=OpenPR
“Unit load material handling systems to lead AMH equipment market during forecast period”
The wide use of unit load material handling systems in various industries is attributed to their cost-effectiveness and ability to handle several items simultaneously, thereby reducing the number of trips, time required for loading and unloading, and cost of handling. Unit load material handling systems involve appropriately sized items organized into a single unit that can be moved easily. It is a quick and economical method to move a large number of items in a single run. These systems help reduce the damage and handling cost and make handling, storage, and distribution more efficient.
“Storage expected to hold largest size of AMH equipment market during 2018 to 2024”
During storage, material handling equipment is used for holding or buffering material over a certain period or for the duration when they are not being transported. Thus, the storage equipment includes pallets, shelves, or racks on which materials may be stacked until they are transported. ASRS, AGV, conveyors, robots, and cranes are used for automated storage of the materials in the manufacturing industries. The benefits of using AMH equipment for storage include warehouse floor space utilization, increased storage speed, efficient handling of heavy items, and reduced frequency of workplace accidents. These benefits are driving the growth of AMH equipment market for the storage operations.
“Automotive industry expected to hold the largest market size the AMH equipment market between 2018 and 2024”
The players in the automotive industry seek improvement in manufacturing through automated, efficient, and effective processes. These companies need to carry out their manufacturing and assembly operations efficiently by handling a wide variety of components carefully and keeping track of the same. Key factors such as the need for constant availability of components and spare parts, just-in-time (JIT) delivery of materials, and reduction in the cost of unproductive labor are driving the growth of the market for the automotive industry.
“APAC to be largest market for AMH equipment during forecast period”
China commands an impressive manufacturing capability and cheap labor pool, making it a global manufacturing hub for many industries, such as automotive, chemicals, and semiconductor & electronics. Moreover, India is frequently featured among the fastest-growing economies in the world. Some of the major industries contributing to the Indian economy are automotive, healthcare, textile and clothing, and paper and printing. The availability of cheap skilled labor and lower production cost are some of the primary enablers of the growth of the manufacturing sector in the country. The rising awareness related to warehouse automation, increased emphasis of the leading developing economies such as China and India on robotics and automation, and growing e-commerce industry are some of the primary factors contributing to the larger share of APAC in the AMH equipment market.
Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=92483121&utm_source=OpenPR
Major players involved in the AMH equipment market include Toyota Industries (Japan), Jungheinrich (Germany), KION (Germany), Daifuku (Japan), Hyster-Yale Materials Handling (US), Hanwha (South Korea), John Bean Technologies (US), KUKA (Germany), BEUMER (Germany), Fives (France), KNAPP (Germany), Murata Machinery (Japan), SSI Schaefer (Germany), TGW (Austria), and Viastore (Germany).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Toyota Industries and Jungheinrich are the Key Player in the Automated Material Handling (AMH) Equipment Market - Report by MarketsandMarkets™ here
News-ID: 1371247 • Views: …
More Releases from MarketsandMarkets™
Feed Premix Market, Global Industry Size Forecast
The global feed premix market size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to increasing awareness about feed quality, and the implementation of innovative animal husbandry practices to improve meat quality are the important drivers for…
Water-soluble Fertilizers Market is Expected to Grow $23.9 billion in 2028
According to a research report "Water-soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, and Potassic), Mode of Application (Foliar and Fertigation), Form (Dry and Liquid), Crop Type (Field Crop, Horticulture Crops, Turf & ornaments) and Region - Global Forecast to 2028" published by MarketsandMarkets, the water-soluble fertilizers market is estimated at USD 18.3 billion in 2023 and is projected to reach USD 23.9 billion in 2028, at a CAGR of 5.5%.…
Population Health Management (PHM) Market worth $53.3 billion by 2027 - Leading …
Population Health Management (PHM) Market is projected to grow from USD 27.8 billion in 2022 to USD 53.3 billion by 2027, at a CAGR of 13.9% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Growth in this market is driven by the opportunities offered by the emerging markets in healthcare. However, lack of data management, and interoperability issues are expected to challenge the growth of this…
Veterinary Pain Management Market worth $2.5 billion - Leading Key Players are B …
Veterinary Pain Management Market is projected to grow from USD 1.8 billion in 2022 to USD 2.5 billion by 2027, at a CAGR of 6.7% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Pain is the physiological term to describe the chemical processes that are at work in the body that receive a stimulus, modify it, and transfer it to the brain for interpretation and reaction.…
More Releases for AMH
Automated Material Handling (AMH) Market Regional Developments, Industry Demands …
The Automated Material Handling (AMH) research report is the professional report with the premium insights which includes the size of the business, the ongoing patterns, drivers, dangers, conceivable outcomes and primary segments. The Market Report predicts the future progress of the Automated Material Handling (AMH) market based on accurate estimations. Furthermore, the report offers actionable insights into the future growth of the market based on inputs from industry experts to…
Automated Material Handling (AMH) Market 2022 Latest Developments, Demand and Fu …
Global Automated Material Handling (AMH) Market Size, Status and Forecast 2022
The Global Automated Material Handling (AMH) Market Research Report 2022-2027 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive…
India Automated Material Handling (AMH) Market Size, Status and Global Outlook 2 …
Market Insights Reports has added new statistical data to its repository titled as, India Automated Material Handling (AMH) Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The India…
Automated Material Handling (AMH) Market 2021 Latest Developments, Demand and Fu …
Global Automated Material Handling (AMH) Market Size, Status and Forecast 2021
The Global Automated Material Handling (AMH) Market Research Report 2021-2027 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive…
Global Automated Material Handling (AMH) Equipment Market Overview Report by …
Scope of the Report:
The global Automated Material Handling (AMH) Equipment market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx%% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019.
Market segmentation
Automated Material Handling (AMH) Equipment market is split by Type and by Application. For the…
Global Automated Materials Handling (AMH) Market Competitive Major Vendors – S …
Qyresearchreports include new market research report "Global Automated Materials Handling (AMH) Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Automated Materials Handling (AMH) market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges,…