Automated Material Handling Equipment Market Upcoming Demand & Growth Analysis Up to 2022
A new report published by Allied Market Research, titled, Automated Material Handling (AMH) Equipment Market: Global Opportunity Analysis and Industry Forecast, 2014 - 2022, projects that the global automated material handling equipment market size is expected to reach $39,060 million by 2022.
Key findings of the study:
o In 2015, robotics system accounted for the maximum market revenue, and is projected to grow at a CAGR of 8.4% during the forecast period.
o E-commerce industry segment is expected to grow at a significant CAGR of 8.0%, owing to increased use of automated guided vehicles for order fulfilment.
o Packaging application segment is anticipated to be the fastest growing segment in automated material handling equipment market during the period from 2016 to 2022.
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Europe region accounted for the maximum market share in 2015, and is expected to maintain its lead throughout the forecast period. This is attributed to heavy investment by automotive and food & beverage industry players in automation. LAMEA region has exhibited significant growth due to rapid industrialization. Especially, emerging countries such as Brazil facilitates the market growth.
Software component is projected to grow rapidly, registering a CAGR of 8.2% during the forecast period due to increased usage of warehouse control system as it reduces the rate of missing stock, improve handling rates, and maintain high service level. Market players offer wide variety of software and control systems, effective for warehouse and manufacturing facilities.
Among the major industry verticals, the automated materials handling systems find widespread usage in the automotive industry. Automotive industry accounted for more than 26% share of the global market in 2015 owing to increased automobile production in China, Japan, and India.
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In addition, the demand for energy efficient and eco-friendly robotics systems are expected to increase the demand for automated material handling equipment. However, high initial installation costs of such systems could hamper their market growth.
Top Leading Key Players:
Daifuku Co. Ltd., Siemens AG, Bosch Rexroth, Murata Machinery Ltd., Swisslog Holding AG, SSI Schaefer AG, Dematic Group S.A.R.L, Toyota Industries Corporation, JBT Corporation, and Bastian Solutions, Inc.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
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