Global automated material handling equipment market is expected to grow from US$ 28,643.4 Mn in 2017 to US$ 51,219.6 Mn by 2025 at a CAGR of 7.6% between 2018 and 2025.
Pune, India -- (SBWIRE) -- 03/20/2019 --
Owing to the fact of growth in automotive, e-commerce, logistics, and other industries such as retail, chemicals, metal & heavy machinery industry and many more are booming with an increase in the economy of countries. The growth in respective industries implement and uses automation in their facilities to make the process error-free and to have higher efficiency. Especially in manufacturing and warehouses, automation plays a vital role which helps in the growth of automated material handling equipment market. The e-commerce industry is experiencing a huge demand due to high income of individuals and availability of wide-range of products in a single window. These factors drive the e-commerce industry which eventually grow the market of automated material handling equipment as the e-commerce requires automation in their respective facilities. Use of robots, automated guided vehicles, and automated storage systems.
The key players operating in the automated material handling equipment market includes Fives, Jungheinrich AG, Kuka AG, Kion Group AG, Daifuku Co., Ltd., BEUMER Group GmbH & Co. KG, Hyster-Yale Materials Handling, Inc., Hanwha Corporation, Toyota Industries Corporation, and John Bean Technologies Corporation.
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The global automated material handling equipment market is segmented on the basis of industry which is fragmented into automotive, electronics, food & beverage, e-commerce, aerospace, logistics, pharmaceuticals, and others which includes metal & heavy machinery, chemicals, and retail. The automotive industry is leading the market for automated material handling equipment followed by e-commerce and logistics. In a current scenario, automotive industry holds a high market share owing to the fact of increase in the level of income and better standard of living. However, aerospace is growing at a highest CAGR and is anticipated to dominate the market by 2025.
The Asia Pacific is one of the prominent regions in automated material handling equipment market which is contributing highest revenue globally due to an increase in the demand for automotive, consumer goods, and electronic devices. Moreover, rise in the labor costs in China and India pertaining to the fact of raise in the standards of living of the population. Also, due to conventional human methods, chances of errors increases which further compel the manufacturers to look ahead for sophisticated error-free solutions. In addition to this, growing economies in APAC region is experiencing number of initiatives undertaken by government bodies to boost manufacturing industries in the countries to propel the growth of automated material handling equipment market. In APAC region, China is contributing largest share of revenue in automated material handling equipment market followed by Rest of APAC and Japan. Owing to this, several global manufacturers and providers of automated material handling equipment has potential to invest in this region.
Starting from the stocking of products to enable storage facility in warehouses to sorting and stocking of products, automated material handling equipment has supported the functions of the e-commerce industry. Also use of vertical lift modules automated storage and retrieval solutions, automated guided vehicles, as well as conveyor belts has assisted to reduce human intervention. These factors are anticipated to drive the automated material handling equipment market during the forecast period.
The report aims to provide an overview of global automated material handling equipment market with detailed market segmentation. Also, it analyzes the current market scenario of automated material handling equipment market and forecasts the market till 2025. The report covers market dynamics affecting the automated material handling equipment market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the automated material handling equipment market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the automated material handling equipment market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.
The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By product segment, robot is accountable to hold the largest share in the automated material handling equipment market in 2017, whereas automated guided vehicle is projected to grow at the highest CAGR during the forecast period.
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Key Benefits
- This report provides a detailed study of market trends and forecast from 2019 to 2025, which assist to identify the prevailing market opportunities.
- In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
- This study further includes market share analysis in terms of type and applications.
- Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
- Porter's Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making