Automated material handling equipment market 2020 – By Top Players KUKA AG, KNAPP Group, Kion Group AG, Murata Machinery, Schaefer Systems International, Inc., TGW Logistics Group, and Intelligrated, Inc
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Automated Material Handling Equipment Market size is anticipated to grow owing to the growing demand for warehouse automation and rising labor costs. According to the Consumer Technology Association (CTA), in 2018, the U.S. consumer industry accounted for over USD 375 billion retail revenue. With the increasing production and consumption of electronics devices, the demand for warehouse automation to improve inventory management, customer service, reduce product delivery time, and lower handling costs in manufacturing and distribution will grow.
Consumer electronics devices, such as LCD screens, require flexible, safe, and efficient loading and assembly with precise handling. The implementation of these automated systems for logistics/transportation applications in the electronics industry helps to boost the production output, improve quality with fewer rejects & stable production costs, and maximize Return on Investment (ROI). Moreover, these systems prove ideal for assembly and handling of small parts and products in the electronics industry.
The incorporation of advanced technologies, such as machine learning, AI, IoT, and robotics, into these systems is a major factor driving the growth of the automated material handling equipment market. The systems provide smooth & real-time order picking in manufacturing processes and help businesses to speed up their material handling processes.
High operational and maintenance costs associated with these systems are expected to hinder the automated material handling equipment market growth. The use of automation in the manufacturing process requires ensuring smooth operations, resulting in higher operational costs. The rising trend of renting equipment due to increasing capital cost can impact the overall growth of the market. Moreover, governmental norms related to workplace safety associated with the usage of products may hinder market growth.
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The growing implementation of these devices in packaging applications will provide significant growth opportunities to the automated material handling equipment market. Manufacturers in industries, such as food & beverages, healthcare, e-commerce, and chemicals, are implementing automated packaging equipment for quick order delivery to consumers. These systems provide protection to the product during the process and enhance the quality of packaging. The capability of these systems to work with various packaging designs and multiple pack sizes is further increasing its adoption for packaging items. Moreover, the equipment optimizes the packaging of small, large, and delicate products with high speed along with eliminating the occurrence of human errors.
The key players in the automated material handling equipment market share include BEUMER Group GmbH & Co. KG, Daifuku Co., Ltd, Hyster-Yale Materials Handling, Inc., Fives Group, KUKA AG, KNAPP Group, Kion Group AG, Murata Machinery, Schaefer Systems International, Inc., TGW Logistics Group, and Intelligrated, Inc.
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