Sarasota, FL -- (SBWIRE) -- 12/27/2018 -- Zion Market Research has published a new report titled "Automated Material Handling Equipment And Systems Market By Product (Robots, Automated Guided Vehicles (AGV), Conveyor & Sortation Systems, Automated Storage & Retrieval Systems, And Others), By System (Unit Load Material Handling System And Bulk Load Material Handling System), By Application (Transportation, Waste Handling, Packaging, Assembly, And Distribution), And By Industry Vertical (Automotive, Metals & Heavy Machinery, Food & Beverages, Semiconductor & Electronics, Retail, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024". According to the report, global automated material handling equipment and systems market was valued at approximately USD 31.11 billion in 2017 and is predicted to reach approximately USD 52.67 billion by 2024, at a CAGR of around 7.81% between 2018 and 2024.

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Automated materials handling is an automation technology that eliminates the necessity of humans to check-in, check-out, and move bins containing the bulk of the material. The mechanical components used in automated material handling include sorters, conveyors, check-in machines, singulators, and stackers. In some material handling processes, there must be a scanner to read the bar code and RFID tags.

Increasing automation need in almost every industry has changed the very phase of the application of automated material handling equipment and systems and has brought a paradigm shift in semiconductors & electronics industry. With the inception of new technologies including robotics, automated vehicles, and wireless technologies, the automated material handling equipment and systems market has observed a noticeable development in the past few years. Furthermore, the growing necessity of improving operational efficiency is one of the key aspects driving the expansion of automated material handling equipment and systems market.

The product improves the efficiency of operation and optimizes the workflow by using automated guided vehicles and other components such as robots, conveyors, etc. Moreover, major players in the market are focusing mainly on the producing cost-effective and energy-efficient material handling solutions in order to expand their customer base. However, some technical glitches in the components of AMH (automated materials handling) system can restrain the global automated material handling equipment and systems market growth.

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On the basis of product, the global automated material handling equipment and systems market is segmented into robots, automated guided vehicles (AGV), conveyor & sortation systems, automated storage & retrieval systems, and others. System segment includes a unit load material handling system and bulk load material handling system. Application wise the market is divided into transportation, waste handling, packaging, assembly, and distribution. Various industry verticals analyzed in this market are automotive, food & beverages, metals & heavy machinery, semiconductor & electronics, retail, and others.

Geographic regions included in global automated material handling equipment and systems market study are Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa with it further segmented into major countries. Among region, North America is slated to have the largest market share in overall automated material handling equipment and systems market. The thriving retail industry in the U.S. helped automated material handling equipment and systems market to grow significantly in the North America region. According to the recent study, it is estimated that two-thirds of U.S. GDP will come from the retail sector in the coming years. Hence, businesses in the region are focusing more on consumer preferences and effective material handling processes by adopting advanced automated material handling equipment.

Major players operating across automated material handling equipment and systems market are Daifuku Co. Ltd., Dematic Group S.A.R.L, Siemens AG, Toyota Industries Corporation, Bosch Rexroth, Murata Machinery Ltd., Swisslog Holding AG, JBT Corporation, SSI Schaefer AG, Bastian Solutions, Inc., and others.

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The report segments global automated material handling equipment and systems market as follows:

Global Automated Material Handling Equipment and Systems Market: Product Segment Analysis

Robots
Fixed Robot
Mobile Robot
Automated Guided Vehicles (AGV)
Pallet Truck
Unit Load Carriers
Forklift Truck
Others
Conveyor & Sortation Systems
Roller
Belt
Overhead
Others
Automated Storage & Retrieval Systems
Carousel
Fixed Aisle
Vertical Lift Module
Others

Global Automated Material Handling Equipment and Systems Market: System Segment Analysis

Unit Load Material Handling System
Bulk Load Material Handling System

Global Automated Material Handling Equipment and Systems Market: Application Segment Analysis

Transportation
Waste Handling
Packaging
Assembly
Distribution

Global Automated Material Handling Equipment and Systems Market: Industry Vertical Segment Analysis

Automotive
Metals & Heavy Machinery
Food & Beverages
Semiconductor & Electronics
Retail
Others

Global Automated Material Handling Equipment and Systems Market: Regional Segment Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa