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Global Automated Material Handling Equipment Market Trends, Share, Growth, Analysis and Forecasts
Automated Material Handling Equipment Market
The key players operating in the automated material handling equipment market includes Fives, Jungheinrich AG, Kuka AG, Kion Group AG, Daifuku Co., Ltd., BEUMER Group GmbH & Co. KG, Hyster-Yale Materials Handling, Inc., Hanwha Corporation, Toyota Industries Corporation, and John Bean Technologies Corporation among others.
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Global automated material handling equipment market is expected to grow from US$ 28,643.4 Mn in 2017 to US$ 51,219.6 Mn by 2025 at a CAGR of 7.6% between 2018 and 2025.
Automated Material Handling Equipment market is experiencing a high growth throughout the globe, driven by growth in automotive, e-commerce, logistics, and followed by aerospace among others. Development in the e-commerce industry with the help of automation has made all processes error-free. With an increase in the number of orders, the volume of shipment and deliveries has also increased. Starting from the stocking of products to enable storage facility in warehouses to sorting and stocking of products, automated material handling equipment has supported the functions of the e-commerce industry. Also use of vertical lift modules automated storage and retrieval solutions, automated guided vehicles, as well as conveyor belts has assisted to reduce human intervention. These factors are anticipated to drive the automated material handling equipment market during the forecast period.
The report aims to provide an overview of global automated material handling equipment market with detailed market segmentation. Also, it analyzes the current market scenario of automated material handling equipment market and forecasts the market till 2025. The report covers market dynamics affecting the automated material handling equipment market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the automated material handling equipment market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the automated material handling equipment market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.
The report focuses on an in-depth segmentation of automated material handling equipment market based on products, system type, component, function, and industry. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By product segment, robot is accountable to hold the largest share in the automated material handling equipment market in 2017, whereas automated guided vehicle is projected to grow at the highest CAGR during the forecast period.
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