Press release
Automated Material Handling Equipment Market to Witness Robust Expansion by 2023
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.
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Global Automated Material Handling Equipment Market: Forecast by Type / Application / Region
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.
Over the next five years, LPI(LP Information) projects that Automated Material Handling Equipment will register a 6.4% CAGR in terms of revenue, reach US$ 15900 million by 2023, from US$ 11700 million in 2017.
Global Automated Material Handling Equipment Market: Key Players
Schaefer
Daifuku
Dematic
Murata Machinery
Vanderlande
Mecalux
Beumer group
Fives group
Swisslog AG
Intelligrated
Knapp
Kardex AG
TGW Logistics
Grenzebach
Witron
Viastore
System Logistics
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Related Information:
United States Automated Material Handling Equipment Market Research Report 2018
Europe Automated Material Handling Equipment Market Research Report 2018
North America Automated Material Handling Equipment Market Research Report 2018
Asia-Pacific Automated Material Handling Equipment Market Research Report 2018
China Automated Material Handling Equipment Market Research Report 2018
EMEA Automated Material Handling Equipment Market Research Report 2018
Global Automated Material Handling Equipment Market Research Report 2018
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