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According to a new market research report “Automated Material Handling Market by Products (Automated Guided Vehicles, Towing Vehicles, Unit Load Vehicles, Pallet Trucks, Fork Trucks, Hybrid Vehicles, Light Load, Assembly Line Vehicles, Custom AGVs, Others, Automated Storage and Retrieval Systems, Unit Load,Mini Load, Horizontal Carousels, Vertical Carousels, Robotic AS/RS, Others), Industry Vertical (Manufacturing, Healthcare, Chemical, Paper, Food and Beverage, Warehousing, Others), & Geography – Forecasts from 2019 to 2024”
Automated Material Handling solutions eliminate the need for manual labor to perform different tasks such as sorting, optimizing among others. Demand for workplace safety has led to the better implementation of these solutions by organizations across different geographies. The Asia Pacific is the major market for these solutions followed by Europe Middle East and Africa and Americas regions. E-commerce boom due to a surge in the number of people connected to the internet has also assisted in the robust market growth. This has been on account of additional requirement of warehouses and the solutions which can contribute towards improving business process efficiency at low operational cost. Automated Storage and Retrieval Systems dominate this market, while Automated Guided Vehicles will witness double-digit growth over the next five years. Automated Material Handling Market was estimated to be worth US$23.643 billion in 2018 and will expand to US$40.958 billion by the end of 2024, at a compound annual growth rate of 9.43%.
This report provides a comprehensive analysis of the Automated Material Handling Market. The market size and forecast of the global, regional and various segments has been provided in US$ billion.
The automated material handling market is segmented into 3 segments, further analyzed through sub-segments: by Products (Automated Guided Vehicles, Towing Vehicles, Unit Load Vehicles, Pallet Trucks, Fork Trucks, Hybrid Vehicles, Light Load, Assembly Line Vehicles, Custom AGVs, Others, Automated Storage and Retrieval Systems, Unit Load,Mini Load, Horizontal Carousels, Vertical Carousels, Robotic AS/RS, Others), Industry Vertical(Manufacturing, Healthcare, Chemical, Paper,Food and Beverage, Warehousing, Others), & Geography (Americas, Europe, Middle East and Africa, Asia Pacific)
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This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
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Major industry players profiled as part of the report are BEUMER Group, Daifuku Co., Ltd., Swisslog Holding AG, Dematic GMBH & Co. KG, Konecranes Plc, Murata Machinery Ltd.and among others.
Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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