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Automated material handling systems are designed to enhance supply chain management by introducing robotics and automation into the businesses’ production lifecycles. AMHS can maximize efficiency and safety, and various industries are actively investigating ways to keep up with the competition, and at the same time, speed-up production and improve the quality of their products. The deployment of automated material handling equipment can reduce downtimes and boost productivity and accuracy. AMHS covers a remarkably wide range of applications across various end-user sectors. Meticulous Research®, in its latest publication on the automated material handling systems market, states that the Automated Material Handling Systems (AMHS) Market will Register a CAGR of 6.6% from 2021 to 2028 to Reach $57.6 Billion by 2028.
The growth of this market is backed by the growing popularity of automated systems, increasing deployment of robotic systems for warehouse automation, the advent of Industry 4.0, continuous technological advancements, and the growing focus of companies on cost reduction and sustainability. The increasing emphasis on smart factories and the growing adoption of advanced automated material handling equipment among SMEs are also expected to boost the growth of this market during the forecast period. Although the impact of COVID-19 may hinder the growth of this market this year, the rapidly booming e-commerce sector, the companies’ willingness to increase automation investments, and favorable government initiatives to support the growth of the industrial sector are expected to propel the growth of the automated material handling systems market in the coming years.
To provide efficient analysis, Meticulous Research® has segmented this market based on system type (automated storage & retrieval systems, automated guided vehicles, conveyor systems, sortation systems, palletizing & depalletizing systems, and robotic systems), component (hardware, software, and services), function (assembly, picking, sorting, packaging, shipping, receiving, and storing), end-use industry (automotive, healthcare, pharma, food & beverage, semiconductor & electronics, manufacturing, retail, warehousing, logistics, aviation, parcel & postal, and plastics), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).
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Geographically, Europe is expected to command the largest share of the automated material handling systems market in 2020, mainly due to the presence of the world’s leading providers of automated material handling equipment, the companies’ increasing investments in automation, the existence of a large automotive base, and high dependence on advanced technologies in this region. In addition, rising R&D investments in robotics, easy availability of a skilled workforce, and high deployment rates of these systems are expected to further contribute to the growth of this market. However, APAC is expected to record the highest CAGR during the forecast period due to factors such as the region’s rapidly transforming manufacturing and warehousing infrastructure, increasing presence of leading players in this region, and the high adoption of robotics.
By type, the robotic systems segment is expected to account for the largest share of the automated material handling systems market in 2020. The growth of this segment is attributed to the growing incorporation of various modern technologies in automated material handling equipment, wide deployment of robotic systems in the APAC region, and consistent technological advancements in robotics. However, the vehicle systems segment is expected to record the highest growth rate during the forecast period due to an upsurge in the adoption of AGVs, rising need for safety, accuracy, and productivity, increasing industrial growth in emerging economies, rapid technological advancements in AGVs, and the growing trend favoring flexible navigation.
TOP 10 COMPANIES IN AUTOMATED MATERIAL HANDLING SYSTEMS (AMHS) MARKET
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players operating in the automated material handling systems market, including Daifuku Co., Ltd. (Japan), SSI SCHAEFER AG (Germany), Dematic (U.S.), Honeywell Intelligrated (U.S.), Toyota Industries Corporation (Japan), Murata Machinery, Ltd. (Japan), KNAPP AG (Austria), BEUMER Group GmbH (Germany), Swisslog Holding AG (Switzerland), Material Handling Systems (U.S.), TGW Logistics Group (Austria), WITRON Logistik+Infomatik GmbH (Germany), Kardex Group (Switzerland), Elettric80 S.p.A. (Italy), System Logistics S.p.A. (Italy), DMW&H (U.S.), viastore SYSTEMS GmbH (Germany), LÖDIGE Industries GmbH (Germany), Stöcklin Logistik AG (Switzerland), and Jungheinrich AG (Germany).
Contact: Mr. Khushal Bombe Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Europe : +44-203-868-8738 APAC: +91 744-7780008 Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
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