Press release
Automated Material Handling Equipment Market to Grow at 7+% CAGR to Reach US$51,219.6 Mn by 2025 Led by Daifuku, Hyster-Yale Material Handling, Jungheinrich AG, Kion Group AG, Toyota Industries Corporation, Hanwha Corporation
According to the new research report published by The Insight Partners, titled “Automated Material Handling Equipment Market - Global Analysis and Forecast to 2025”, The global automated material handling equipment market is expected to grow at a CAGR of 7.6% during the forecast period 2018 – 2025, to account to US$51,219.6 Mn by 2025.A number of industrial facilities and warehouses are increasing the use of automated solutions to enhance their profits, warehouse operations, comfort as well as worker safety. Automated material handling equipment are largely used at manufacturing sites, distribution centers, retail, wholesale and institutions. Furthermore, it helps in reducing labor cost since automation of processes helps in reducing involvement of several individuals and it generally requires one person to operate such systems. Various industries such as automotive, metals & heavy machinery, food & beverages, and others are concerned about reducing labor intensive processes, increasing accuracy and speed for material handling. However, the high cost associated to installation of these equipment along with the overall maintenance cost is hindering the market growth as it is often not affordable for small plants to incur such costly automation.
Some of the global key players operating in the automated material handling equipment market are Daifuku Co. Ltd., Hyster-Yale Material Handling, Inc., Jungheinrich AG, Kion Group AG, Toyota Industries Corporation, Hanwha Corporation, John Bean Technologies Corporation, Kuka AG, Beumer Group Gmbh & Co., and Fives Group.
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This market research report provides a big picture on “Automated Material Handling Equipment Market”, on a Global basis, offering a forecast and statistic in terms of revenue during the forecast period. The report covers a descriptive analysis with detailed segmentation, complete research and development history, latest news and press releases. Furthermore, the study explains the future opportunities and a sketch of key players involved in the “Automated Material Handling Equipment Market hike in terms of revenue.
Key findings of the study:
• Asia-Pacific is anticipated to account the largest automated material handling equipment market share.
• Based on product, the robot segment is projected to dominate the automated material handling equipment market.
• Unit load segment led the automated material handling equipment market by system type in 2017.
• Hardware dominated the market by component.
• Storage led the market by function.
• Automotive held the second largest market by industry.
The significant drivers of the Automated Material Handling Equipment Market are the increasing demand for efficiency and effectiveness in pilot training and providing training to pilots for supporting aircrews and cadet pilots related to cockpit layouts as well as aircraft features. The technological advancements and acceptance of virtual pilot training to ensure aviation safety globally are creating an opportunity for the Automated Material Handling Equipment Market in the forecast period.
Automated Material Handling Equipment Market report provides an in-depth insight of Industry covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis. The research report focuses on the leading competitors of the Automated Material Handling Equipment Market and provides information such as the company overview, product portfolio, key developments, price, cost, value, volume, revenue, capacity, production, and contact information.
Strategic Insights
Few of the recent strategies by some of the players in automated material handling equipment market landscape are listed below-
2018: JBT Corporation has purchased FTNON. The company provides equipment and solutions for ready meals and pet food industries. Added to this, It also add on the robotic technology for cutting, and peeling the fruits and vegetables. The acquisition aims to expand the global penetration, aftermarket business of FTNON.
2018: Jungheinrich announced the opening of its Sales office in Serbia with the acquisition of the business of Jungheinrich dealer DunaV Export-Import DOO.
2018: Daifuku and Fast Retailing Group formed a partnership via automation of Fast Retailing’s Ariake warehouse. The partnership aims to expand the business of both the firms. The partnership includes introduction of state-of-the-art automation facilities and cooperation in logistics system.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Automated Material Handling Equipment Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Automated Material Handling Equipment Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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The report segments the global automated material handling equipment market are as follows:
Automated Material Handling Equipment Market – By Product
• Robots
o Fixed Robot
o Articulated
o Cylindrical
o SCARA
o Parallel
o Cartesian
o Mobile Robot
• Automated Storage & Retrieval System
o Unit Load
o Mini Load
o Vertical Lift Module
o Carousel
o Mid Load
o Autostore
• Automated Conveyors & Sortation System
o Belt
o Roller
o Overhead
o Screw
• Automated Cranes
o JIB
o Bridge
o Gantry
o Stacker
• Automated Guided Vehicles
o By Vehicle
Tow Vehicle
Unit Load
Pallet Truck
Assembly Line Vehicle
Forklift
Others
o By Vehicle Navigation Technology
Laser Guidance
Magnetic Guidance
Inductive Guidance
Optical Tape Guidance
Vision Guidance
Others
Automated Material Handling Equipment Market – By System Type
• Unit Load Material Handling System
• Bulk Load Material Handling System
Automated Material Handling Equipment Market – By Component
• Hardware
• Software
o Warehouse Management
o Warehouse Control
o Warehouse Execution
• Services
Automated Material Handling Equipment Market – By Function
• Storage
• Transportation
• Assembly
• Packaging
• Distribution
• Waste Handling
Automated Material Handling Equipment Market – By Industry
• Automotive
o Hardware
o Software
o Services
• Electronics
o Hardware
o Software
o Services
• Food & Beverage
o Hardware
o Software
o Services
• E-commerce
o Hardware
o Software
o Services
• Aerospace
o Hardware
o Software
o Services
• Logistics
o Hardware
o Software
o Services
• Pharmaceuticals
o Hardware
o Software
o Services
• Others
o Hardware
o Software
o Services
Automated Material Handling Equipment Market – By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o France
o Germany
o Italy
o Spain
o U.K.
o Rest of Europe
• Asia Pacific (APAC)
o Japan
o China
o India
o Australia
o Rest of APAC
• Middle East & Africa (MEA)
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of MEA
• South America (SAM)
o Brazil
o Rest of SAM
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The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Home: https://www.theinsightpartners.com
About Us
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.
We are committed to providing highest quality research and consulting services to our customers. We help our clients understand key market trends, identify opportunities, and make informed decisions by providing market research solutions at an affordable cost.
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