Global automated material handling equipment market size to show stellar growth through 2028
SKYLINE MARKET RESEARCH LLP
8 min read
SKYLINE MARKET RESEARCH LLP
The newest business intelligence report on ‘Global Automated Material Handling Equipment Market’ states the determinants that are influencing the market trends as well as the variables likely to stymie the progress of the business landscape during 2022-2028.
Pune, India, June 09, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, that global automated material handling equipment market size has shown considerable growth previously and is slated to show stellar expansion during 2022-2028.
The research report helps in segmenting the market based on product, system, and end-user type to ascertain which vertical will contribute largely toward the overall remuneration over 2022-2028.
The regional terrain and competitive scenario of the market are discussed in the document by stating the names of prominent players who are adopting revolutionary measures to amplify the customer reach and profits.
The development of the industry can be accredited to numerous factors that catalyze the demand such as rising popularity of such equipment across several sectors, surging need for robotic solutions to facilitate the automation of warehouses, and flourishing e-commerce arena.
As per statistics from the India Brand Equity Foundation (IBEF), the Indian e-commerce sector generated a revenue of USD 52.57 billion in the year 2020 and is expected to garner USD 350 billion by the year 2030.
For those unaware, automated material handling (AMH) equipment is defined as automation that diminishes or removes the need for human interference in sorting materials.
Moreover, soaring cost of labor, combined with growing safety concerns are likely to accelerate the industry development in the forthcoming years.
Besides, extensive customization & personalization options, and digitization of the supply chain process which is integrated with the latest technologies like the Internet of Things (IoT) are likely to boost product uptake through the review period.
Despite the promising outlook, huge costs of integration & switching as well as a massive dearth of skilled workers for system operations are estimated to hinder the progress of the worldwide automated material handling equipment business sphere in the years ahead.
Experts claim that North America is reckoned to emerge as a remunerative market for stakeholders during the assessment timeframe, owing to the early adaptation of the latest technologies, proliferating e-commerce business, and widespread concentration of leading manufacturers in the region.
Meanwhile, Asia Pacific industry is poised to register a notable growth rate during the projected timeline, ascribed to extensive industrialization, and increasing awareness about warehouse automation. Also, rapidly developing nations like India & China which are creating lucrative prospects for businesses in the region.
Competitive Dashboard:
The established names influencing the competitive sphere in worldwide automated material handling equipment market are Meiden America, Inc., Toyota Industries Corporation, InVia Robotics, Inc., SSI Schaefer GmbH, Murata Machinery Ltd., Hanwha Group, John Bean Technologies (JBT) Corporation, Daifuku Co. Ltd., Honeywell International, Inc., and Hyster-Yale Material Handling, Inc. among others.
To access a sample copy or view this report in detail along with the table of contents, please click the link below:
1.2.1. Global Automated Material Handling Equipment Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Automated Material Handling Equipment Market, by Products, 2020-2028 (USD Billion)
1.2.3. Global Automated Material Handling Equipment Market, by System Type, 2020-2028 (USD Billion)
1.2.4. Global Automated Material Handling Equipment Market, by Industry, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automated Material Handling Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automated Material Handling Equipment Market Dynamics
3.1. Automated Material Handling Equipment Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Growing popularity of AMH equipment among leading industries
3.1.1.2. Increasing labor costs and safety concerns
3.1.2. Market Challenges
3.1.2.1. High integration and switching costs
3.1.2.2. Unavailability of skilled workforce to handle system operations
3.1.3. Market Opportunities
3.1.3.1. Increasing level of order customization and personalization
3.1.3.2. Digitization of supply chain processes with integration of IoT and AMH equipment
Chapter 4. Global Automated Material Handling Equipment Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Automated Material Handling Equipment Market, by Products
6.1. Market Snapshot
6.2. Global Automated Material Handling Equipment Market by Products, Performance - Potential Analysis
6.3. Global Automated Material Handling Equipment Market Estimates & Forecasts by Products 2018-2028 (USD Billion)
6.4. Automated Material Handling Equipment Market, Sub Segment Analysis
6.4.1. Robots
6.4.2. Automated Storage and Retrieval System (ASRS)
6.4.3. Conveyors & Sortation Systems
6.4.4. Cranes
6.4.5. Warehouse Management System (WMS)
6.4.6. Automated Guided Vehicle (AGV)
Chapter 7. Global Automated Material Handling Equipment Market, by System Type
7.1. Market Snapshot
7.2. Global Automated Material Handling Equipment Market by System Type, Performance - Potential Analysis
7.3. Global Automated Material Handling Equipment Market Estimates & Forecasts by System Type 2018-2028 (USD Billion)
7.4. Automated Material Handling Equipment Market, Sub Segment Analysis
7.4.1. Unit Load Material Handling Systems
7.4.2. Bulk Load Material Handling Systems
Chapter 8.Global Automated Material Handling Equipment Market, by Industry
8.1. Market Snapshot
8.2. Global Automated Material Handling Equipment Market by Industry, Performance - Potential Analysis
8.3. Global Automated Material Handling Equipment Market Estimates & Forecasts by Industry 2018-2028 (USD Billion)
8.4. Automated Material Handling Equipment Market, Sub Segment Analysis
8.4.1. Automotive
8.4.2. Semiconductor & Electronics
8.4.3. Metals & Heavy Machinery
8.4.4. Chemicals
8.4.5. Food & Beverages
8.4.6. E-commerce
Chapter 9. Global Automated Material Handling Equipment Market, Regional Analysis
Related Report:
Material Handling Equipment Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027
Reports estimate that the global material handling equipment market will continue to garner momentum over the next few years, between 2021-2027, with rapid expansion of manufacturing and industrial sectors. The proliferation of ecommerce will further augment the market trends in the forthcoming years. Based on the product, the market is bifurcated into storage and handling equipment, bulk material handling equipment, automated storage and retrieval systems (AS/RS), robotics, and industrial trucks, among others. Among these, storage and handling equipment is slated to witness a substantial demand across the world through 2027. The manufacturing sector will likely account for majority of this demand due to growing need to boost production efficiency. Storage and handling equipment enables efficient storage of raw materials during production as well as the finished goods post production. The segment includes products such as racks, shelves, bins, drawers, stacking frames, and mezzanines.
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