Automated Material Handling Market was estimated to be worth US$23.643 billion in 2018 and will expand to US$40.958 billion by 2024 at a compound annual growth rate of 9.43%. The focus of enterprises to automate their different operations is a key factor fueling the demand for these solutions. Automated Material Handling solutions eliminate the need for manual labor to perform different tasks such as sorting, optimizing among others.
Demand for workplace safety has also led to the increased implementation of these solutions by the enterprises across different geographies. The Asia Pacific is the biggest market for these solutions followed by Europe Middle East and Africa and the Americas regions. E-commerce boom due to growth in a number of people connected to the internet has also assisted in market growth. This has been on account of additional requirement of warehouses and the solutions which can assist in improving business process efficiency at low operational cost. Automated Storage and Retrieval Systems account dominate this market, while Automated Guided Vehicles will witness double-digit growth over the next five years.
This report provides a comprehensive analysis of the Automated Material Handling Market. The market size and forecast of the global, regional and various segments has been provided in US$ billion.
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry and regional regulations which are determining the product specifications and a brief technological aspect of material handling solutions. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Thirdly, Automated Material Handling market has been segmented by products, industry vertical, and geography. By products, the market has been segmented as automated guided vehicles, and automated storage and retrieval systems. By industry vertical, segmentation has been done as manufacturing, healthcare, chemical, paper, food and beverage, warehousing among others. By geography, the segmentation has been done as Americas, Europe Middle East and Africa, and Asia Pacific and covers market size and forecast in major countries across these regions.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key companies profiled as part of this section are BEUMER Group, Daifuku Co., Ltd., Swisslog Holding AG, Dematic GMBH & Co. KG, Konecranes Plc and Murata Machinery, Ltd. among others.