New York, 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.
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