Automated Material Handling Market by Products, Industry Vertical and Geography - Forecasts from 2019 to 2024
According to a new market research report “Automated Material Handling Market by Automated Guided Vehicles, Towing Vehicles, Unit Load Vehicles, Pallet Trucks, Fork Trucks, Hybrid Vehicles, Light Load, Assembly Line Vehicles, Custom AGVs, Others, Automated Storage and Retrieval Systems, Unit Load,Mini Load, Horizontal Carousels, Vertical Carousels, Robotic AS/RS, Others), (Manufacturing, Healthcare, Chemical, Paper, Food and Beverage, Warehousing, Others)& Geography – Forecasts from 2019 to 2024”
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 led to the better implementation of these solutions by organizations across different geographies. Asia Pacific is the major market for these solutions followed by Europe Middle East and Africa and Americas regions. E-commerce boom due to a surge in the number of people connected to the internet has also assisted in the robust market growth. This has been on account of additional requirement of warehouses and the solutions which can contribute towards improving business process efficiency at low operational cost. Automated Storage and Retrieval Systems dominate this market, while Automated Guided Vehicles will witness double-digit growth over the next five years. Automated Material Handling Market was estimated to be worth US$23.643 billion in 2018 and will expand to US$40.958 billion by the end of 2024, at a compound annual growth rate of 9.43%.
The automated material handling market is segmented into 3 segments, further analyzed through sub-segments: by Automated Guided Vehicles, Towing Vehicles, Unit Load Vehicles, Pallet Trucks, Fork Trucks, Hybrid Vehicles, Light Load, Assembly Line Vehicles, Custom AGVs, Others, Automated Storage and Retrieval Systems, Unit Load,Mini Load, Horizontal Carousels, Vertical Carousels, Robotic AS/RS, Others), (Manufacturing, Healthcare, Chemical, Paper,Food and Beverage, Warehousing, Others), & Geography (Americas, Europe, Middle East and Africa, Asia Pacific)
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This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
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Major industry players profiled as part of the report are BEUMER Group, Daifuku Co., Ltd., Swisslog Holding AG, Dematic GMBH & Co. KG, Konecranes Plc , Murata Machinery Ltd.and among others.
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