According to a new market research report published by Global Insight Services” Automated Material Handling Equipment Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Automated material handling equipment is a type of machinery that is used to move materials around a facility without the need for human labor. This equipment can include conveyor belts, robots, and cranes. Automated material handling can increase efficiency and safety in a facility, as it can reduce the amount of time that workers spend handling materials. Additionally, automated material handling equipment can help to reduce the risk of injuries associated with manual material handling.
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Key Players
The Automated Material Handling Equipment Market includes players such as Daifuku Co. Ltd., Siemens AG, Bosch Rexroth, Murata Machinery Ltd., Swisslog Holding AG, SSI Schaefer AG, Dematic Group S.A.R.L, Toyota Industries Corporation, JBT Corporation, and Bastian Solutions, Inc.
Key Trends
The key trends in Automated Material Handling Equipment technology are:
1. Increased use of robotics
2. Increased use of artificial intelligence
3. Increased use of sensors
4. Increased use of cloud computing
Key Drivers
The key drivers of Automated Material Handling Equipment market are:
1) Increasing labor costs: With labor costs rising around the world, automated material handling equipment is becoming increasingly attractive to businesses. This is especially true in developed countries, where labor costs are relatively high.
2) Increasing competition: In today’s global economy, businesses are under pressure to increase efficiency and productivity in order to remain competitive. Automated material handling equipment can help businesses meet these goals.
3) Safety concerns: Automated material handling equipment can help reduce the risk of injuries in the workplace.
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Market Segments
The Automated Material Handling Equipment Market is segmented by product, system type, verticals and region. By product the market is divided into robots, ASRS, conveyors and sortation systems, cranes and AGV. Based on system type it is segmented into unit load and bulk load. On the basis of verticals it is bifurcated into automotive, metals & heavy machinery, food & beverages and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Reasons to buy Automated Material Handling Equipment Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
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