Automated Material Handling Market size worth US$43.528 billion by 2027
Knowledge Sourcing Intelligence announces the publication of a new analysis report based on the “Automated Material Handling Market – which is analyzed from 2020 to 2027”.
The prime factor driving the growth of the Automated Material Handling Market is the growing adoption of the increasing focus of businesses on the integration of various technologies into their operations in order to mitigate overall costs and achieve a strong position in the industry.
As per the report, the market about Automated Material Handling Market is expected to grow at a steady pace.
In order to evaluate the operating efficiency and reduce waste, the entire process of manufacturing, including steps like the selection, sorting, and conveying systems, needs monitoring at each of these steps of the process. In cases like these, smart factories equipped with automated systems constantly monitor all the processes. The growth of industry 4.0 and innovative, fresh factory development, as a result of all the mentioned factors, provide promising growth for the automated material handling market.
Based on type, the automated material handling market offers an automated conveyor and sorting system, automated storage and retrieval system, and an automated guided vehicle. The automated guided vehicle system is expected to grow at the most rapid rate due to the expansion of various technologies that are being deployed into it, like IoT, machine learning, and simultaneous localization and mapping.
Based on the industry vertical, the automated material handling market caters to airports, manufacturing, healthcare, chemical, paper, food and beverage, warehousing, and others. The market is likely to be significantly driven by the airport segment in the industry verticals segment, due to the increasing demand for AMH services like tugs, sorting systems, and ASRS along with investments from key logistics solutions service providers.
Based on geography segmentation, the automated material handling market is segmented into North America, Europe, South America, the Middle East and Africa, and Asia Pacific regions. Geographically, the Asia Pacific region is expected to grow at the fastest rate due to the growing industrialization, the significant presence of technology providers, and the rising penetration of e-commerce in the region.
As a part of the report, the major players operating in the Automated Material Handling Market, have been covered. The key players of the Automated Material Handling Market include BEUMER Group, Daifuku Co., Ltd., Honeywell Intelligrated, Dematic GMBH & Co. KG, Amazon Robotics, The Schaefer Group, Bosch Rexroth, Siemens AG, Toyota Industries Corporation, Konecranes Plc, Murata Machinery, Ltd.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/automated-material-handling-market
This analytics report segments the Automated Material Handling Market on the following basis:
- By Type
- Automated Conveyor & Sorting System
- Automated Storage and Retrieval System
- Automated Guided Vehicle
- By Industry Vertical
- Food and Beverage
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Leave a ReplyWant to join the discussion?
Feel free to contribute!