Automated Material Handling Market Size, Industry Trends, Revenue, Growth Drivers, In-Depth Analysis, Specifications and Forecast 2018 to 2023
(firmenpresse) - Market Highlights
Automation in material handling facilitates the shifting of commodities from one place to another with little or no human intervention. The technology is relatively newer and is likely to gain traction over the next couple of years. Market Research Future (MRFR) has recently stated in its observation that the global automated material handling market is expected to expand at a healthy pace during the forecast period. The market is also projected to scale a decent valuation by the end of the evaluation period.
The technology helps in reducing human labor; thus, is proven to be cost-effective. It is expected to witness high demand in the years to come. The growth of the manufacturing industry is likely to boost the expansion of the automated material handling market in the foreseeable future. Also, its rising application across industries such as healthcare, automotive, etc. is anticipated to open growth avenues for the market players during the assessment period.
With the intervention of technology, these equipments have significantly evolved, over the past few years, undergoing some notable transformations. Evidently, manufacturers are the driving force for bringing up these transformations. Keeping the three goals in mind, they have developed a range of automated equipment like conveyors, elevators, cranes, track cranes hoist and lift trucks, stacker, bridge cranes and monorails, gantry cranes and lever hoists and so on.
Technological advancement transpired in this industry have increasingly availed efficient and cost-effective solutions leading to the automation of these equipment. These advancements have escorted its market value to an unparalleled level, making these equipment popular and widely adopted.
Segmentation:
By operation, the global automated material handling market has been segmented into packaging & distribution, assembly, waste management, storage & transportation, and others.
On the basis of software and services, the segmental analysis of the automated material handling market is as follows - Software (WMS- Warehouse management system and TMS- Transportation management system), Services- (training, maintenance & repairs, and software upgradation.
The global automated material handling market, based on application, has been segmented into automotive, healthcare, chemicals, aviation, foods & beverages, e-commerce, semiconductors and electronics, and others.
On the basis of automated equipment, the automated material handling market has been segmented into automated storage and retrieval system, automated guided vehicles, automated cranes, conveyors, robotics system, and others.
Regional Analysis:
Currently, Asia-Pacific is dominating the market of automated material handling due to increase in the number of manufacturing plants in various countries of this region. Most of the countries in Asia-Pacific is in the developing phase and as a result open to the foreign investment which is allowing the foreign players of multiple domain to open the manufacturing unit in these countries. Europe is the second big market for the automated material handling followed by North America is accounts for XX% of market share.
Competitive Dashboard:
Schaefer Holding International (Germany), Dematic (U.S.), Daifuku Co. Ltd (Japan), Murata Machinery (Japan), Vanderlande Industries (U.S.), Mecalux (Spain), BEUMER Group (Germany), Kardex (Switzerland), Swisslog AG (Switzerland), and Intelligrated (U.S.) are some of the major players in the global automated material handling market. The market participants are investing in technological innovations to gain an edge over others. This, in turn, is anticipated to encourage robust competition in the global market place over the next couple of years.
Unternehmensinformation / Kurzprofil:
Datum: 15.04.2020 - 08:05 Uhr
Sprache: Deutsch
News-ID 610597
Anzahl Zeichen: 3986
contact information:
Contact person: Ehtesham Peerzade
Town:
Pune
Phone: 16282580071
Kategorie:
Business News
Typ of Press Release: Financial
type of sending: send
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