Automated Material Handling Equipment Market Type, Region, Current Situation, Sales Volume

 


Automated Material Handling Equipment Market          

The Automated Material Handling Equipment Market refers to the industry involved in the production, sale, and implementation of machinery and systems designed to automate the movement, storage, and control of materials within a manufacturing or distribution facility. This market encompasses a wide range of equipment and technologies, including conveyors, robots, automated guided vehicles (AGVs), sortation systems, automated storage and retrieval systems (AS/RS), and other related solutions.

Get Free Sample Report

https://www.vertexbusinessinsights.com/request-sample/49/automated-material-handling-equipment-market

 

Automated material handling equipment is used in various industries, including automotive, e-commerce, food and beverage, pharmaceuticals, logistics, and more. The primary goal of these systems is to improve efficiency, increase productivity, reduce labor costs, enhance safety, and optimize overall operations within a facility.

Material handling involves a wide range of activities, including movement, protection, storage and control, which are performed during manufacturing, warehousing, distribution, consumption and disposal of products and materials. It is nowadays commonly conducted using automated material handling equipment to reduce human intervention and improve logistics management. It also helps in forecasting, production planning, resource allocation, inventory control, flow and process management, and after-sales support and services. Consequently, several organizations are relying on automated handling equipment to improve customer service, reduce inventory, shorten delivery time and lower overall handling costs.

Rapid industrialization, the emergence of the Fourth Industrial Revolution (Industry 4.0) and the widespread adoption of the internet of things (IoT), artificial intelligence (AI) and radio frequency identification (RFID) technologies are among the major factors spurring the market growth. Apart from this, due to the substantial rise in the aerospace, agriculture, automotive and construction industries, leading companies in these sectors are utilizing next-generation automated material handling equipment to modernize manufacturing processes, increase flexibility in warehouse operations and enhance transparency in the supply chain. Moreover, key players are emphasizing on mergers and acquisitions (M&A), collaborations and partnerships with other companies to introduce innovative products. Furthermore, on account of the coronavirus disease (COVID-19) outbreak, implementation of social distancing rules by governing agencies and the rising adoption of remote working models, these players are also focusing on automating and digitizing the supply chains. This, in turn, is expected to provide a positive impact on the market growth.

Market Analysis and Size

Automated material handling equipment have taken a crucial role in numerous manufacturing industries throughout the globe. Industries are continuously emphasizing their ‘all under one roof’ policy while enhancing production capacity. These material handling equipment are ideal for distribution, and storage, waste handling.

Global Automated Material Handling Equipment Market was valued at USD 28.20 billion in 2021 and is expected to reach USD 56.81 billion by 2030, registering a CAGR of 10.09% during the forecast period of 2022-2030. Unit Load Material Handling Systems is expected to witness significant growth in the system type segments of the market owing to the surge in demand for automated material handling equipment in the e-commerce industry. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Get Complete Report

 

https://www.vertexbusinessinsights.com/main_report/49/automated-material-handling-equipment-market

 

Automated Material Handling Equipment Market segmentation

By Product Type

Automated guided vehicle

Automated storage and retrieval system

Automated crane

Robotic system

Automatic conveyor and sortation system

By System Type

Unit load material handling system

Bulk load material handling system

By Component

Hardware

Software

Services

By Application

Assembly

Packaging

Transportation

Distribution

Storage

Waste Handling

By Industry Vertical

Automotive

Chemical, rubber & plastic

Aviation

Semiconductors & electronics

E-commerce

Food & Beverages

Healthcare

Others(energy, metal, and heavy machinery)

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Honeywell International Inc., JBT Corporation, Kion Group AG, KNAPP AG, KUKA Aktiengesellschaft (Midea Group Co. Ltd.), Murata Machinery Ltd., TGW Logistics Group GmbH, Toyota Industries Corporation and Viastore Systems GmbH.

ABOUT US:

With a deep understanding of the industry landscape, Vertex Business Insights is a research and advisory firm offering insights into a variety of industry verticals, products, and services. Our team of highly experienced professionals offers a holistic and research-driven view of every industry vertical, product or service, or industry sector.

CONTACT US

sales@vertexbusinessinsights.com

Phone:

+1 210-775-2636 (USA)

+ (91) 853 060 7487

 

Comments

Post a Comment

Popular posts from this blog

Sustainability Management Software Market Type, Region, Current Situation, Sales Volume

Image
  Sustainability Management Software Market         Sustainability Management Software Market Size was valued at USD 0.2 billion in 2021. The Sustainability Management Software market industry is projected to grow from USD 0.22 billion in 2022 to USD 0.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 22.60% during the forecast period (2022 - 2030). The main market driver of this expansion is the growing understanding among many businesses that they may enhance their profits by cutting back on additional operating expenses. Sustainability management software is a type of software solution designed to help organizations track, manage, and report on their sustainability initiatives. These software tools are specifically developed to assist companies in monitoring and improving their environmental performance, reducing resource consumption, and meeting sustainability goals. Get Free Sample Report https://www.vertexbusines...
Read more

Semiconductor Memory IP Market Type, Region, Current Situation, Sales Volume

Image
  Semiconductor Memory IP Market A semiconductor intellectual property core, IP core, or IP block is a reusable logic, cell, or integrated circuit (often referred to as a "chip") layout design that is the exclusive property of one company and used in electronic design. IP cores may be owned and used only by one party or may be licenced to another party. The phrase is derived from the licencing of the design's patent and/or source code copyright. The Semiconductor Memory IP Market refers to the market for intellectual property (IP) related to semiconductor memory technologies. Semiconductor memory IP includes designs, architectures, and algorithms that are licensed to semiconductor companies for integrating into their semiconductor chips. Get Free Sample Report                                     http:...
Read more

IoT in Consumer Electronics Market Type, Region, Current Situation, Sales Volume

Image
  IoT in Consumer Electronics Market The consumer electronics industry's use of the term "IoT" (Internet of Things) refers to the incorporation of internet connectivity and smart features into a variety of consumer electronic gadgets. It entails interfacing these gadgets with the internet so they may talk to one another, gather and process data, and interact with people and other gadgets. The Internet of Things (IoT) has had a significant impact on the IoT in Consumer Electronics Market , transforming the way we interact with and use our devices. IoT refers to the network of interconnected devices that can communicate and exchange data with each other over the internet. In the consumer electronics sector, IoT has led to the development of smart devices that offer enhanced functionality, connectivity, and convenience for users. Get Free Sample Report http://www.vertexbusinessinsights.com/request-sample/96/iot-in-consumer-electronics-market Market Dynamics of IoT...
Read more