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Global Automated Material Handling Equipment Market to 2025 - Toyota Industries, Hanwha, Daifuku, kuka, Kion Group, Jungheinrich, Fives
Automated Material Handling Equipment Market
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.
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The global automated material handling equipment market is segmented on the basis of industry which is fragmented into automotive, electronics, food & beverage, e-commerce, aerospace, logistics, pharmaceuticals, and others which includes metal & heavy machinery, chemicals, and retail. The automotive industry is leading the market for automated material handling equipment followed by e-commerce and logistics. In a current scenario, automotive industry holds a high market share owing to the fact of increase in the level of income and better standard of living. However, aerospace is growing at a highest CAGR and is anticipated to dominate the market by 2025.
Automated Material Handling Equipment market operates in a highly fragmented industry with large number of local players capturing market place. Key players in the market are collaborating with other providers of automated material handling equipment to gain high market share. Some of the key players operating in the automated material handling equipment market includes Fives, Jungheinrich AG, Kion Group AG, Kuka AG, Daifuku Co., Ltd., Hyster-Yale Materials Handling, Inc., BEUMER Group GmbH & Co. KG, Hanwha Corporation, John Bean Technologies Corporation, and Toyota Industries Corporation among others.
Owing to the fact of growth in automotive, e-commerce, logistics, and other industries such as retail, chemicals, metal & heavy machinery industry and many more are booming with an increase in the economy of countries. The growth in respective industries implement and uses automation in their facilities to make the process error-free and to have higher efficiency. Especially in manufacturing and warehouses, automation plays a vital role which helps in the growth of automated material handling equipment market. The e-commerce industry is experiencing a huge demand due to high income of individuals and availability of wide-range of products in a single window. These factors drive the e-commerce industry which eventually grow the market of automated material handling equipment as the e-commerce requires automation in their respective facilities. Use of robots, automated guided vehicles, and automated storage systems.
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.
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The Asia Pacific is one of the prominent regions in automated material handling equipment market which is contributing highest revenue globally due to an increase in the demand for automotive, consumer goods, and electronic devices. Moreover, rise in the labor costs in China and India pertaining to the fact of raise in the standards of living of the population. Also, due to conventional human methods, chances of errors increases which further compel the manufacturers to look ahead for sophisticated error-free solutions. In addition to this, growing economies in APAC region is experiencing number of initiatives undertaken by government bodies to boost manufacturing industries in the countries to propel the growth of automated material handling equipment market.
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