Automated Material Handling Equipment Market 2020 Growth Rate, Gross Margin, Competitive Situation and Trends, Forecast
A 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.
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. This segment is estimated to witness significant growth during the forecast period due to improving production processes, lowering labor intensity, and timely delivery of materials.
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Automated materials handling systems are used in various applications such as assembly, transportation, distribution, storage, and waste handling. Among these, storage application accounted for the largest market share in material handling equipment industry accounted for around 26.2% market share in 2015. Storage systems are space efficient, increases storage capacity, and improves inventory control system.
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.
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 fulfillment.
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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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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