Automated Material Handling is a system which deals with the movement of a product from one place to another’s. Material handling requires on every single step of a product life cycle from the production of product to the delivery of product to the end consumers. Automated Material handling system deals with the advance technologies and machineries which reduce the time limit in the transit process.
The detailed report published by Market Research Future (MRFR) projects that the global automated material handling market is marked to exhibit noteworthy growth during the forecast period of 2016-2027. Increased demand for technologically advanced solutions for automation of services in various industrial sectors is majorly propelling the growth of the global automated material handling market. Multiple benefits of automated material handling over traditional material handling such as faster processing, less human error, easy management, requirement of less manual labor and others are inducing high demand for automated material handling systems, which in turn is contributing to the growth of the global material handling market during the assessment period.
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Major Key Players
- Schaefer Holding International (Germany),
- Daifuku Co. Ltd (Japan),
- Dematic (U.S.),
- Murata Machinery (Japan),
- Mecalux (Spain),
- Vanderlande Industries (U.S.),
- BEUMER Group (Germany),
- Swisslog AG (Switzerland),
- Kardex (Switzerland),
- Intelligrated (U.S.)
are profiled in MRFR Analysis and are at the forefront of competition in the global Automated Material Handling Market.
Global Automated Material Handling Market: Industry Updates
In February 2019, it has been announced that County library, one of the largest public library systems in the U.S., will be receiving a centralized automated material handling system.
In January 2019, Vecna Robotics, one of the leaders in automated material handling, has announced the launch of its artificial intelligence (AI) multi-agent orchestration engine that harmonizes the work of autonomous vehicles with the workforce and other systems. This engine is called Pivot.al.
Geographically, the global automated material handling market has been segmented into four major regions such as Asia Pacific (APAC), Europe, North America and the rest of the world. The Asia Pacific region commands the major share of the global automated material handling market owing to the increasing demand for automated material handling systems in various industrial sectors such as manufacturing, packaging, e-commerce, automotive and others. Increased incorporation of automation in various industrial sectors in order to fasten the production process and optimize the material management service and high utilization of technologically advanced solutions in various industries are also fueling the growth of the automated material handling market in the Asia Pacific region. The Europe region commands the second largest share of the global automated material handling market owing to the increased incorporation of automation of services technology in the rapidly expanding automotive, food and beverages, and metal industries in this region. High demand for automated material handling from the industrial sector and increased incorporation of automated material handling in the education system for handling the study materials, especially in libraries, are propelling the growth of the automated material handling market in the North America region.
The global automated material handling market has been segmented on the basis of operation, software & services, application, and automated equipment. Based on operation, the global automated material handling market has been segmented into packaging & distribution, storage & transportation, assembly, waste management, and others. Based on software & services, the global automated material handling market has been segmented into software and services. The software segment has been sub-segmented into WMS- warehouse management system and TMS- transportation management system. The services segment has been sub-segmented into maintenance & repairs, training and software up gradation. Based on application, the global automated material handling market has been segmented into automotive, foods & beverages, healthcare, aviation, e-commerce, chemicals, semiconductors, and electronics among others. Based on automated equipment, the global automated material handling market has been segmented into automated guided vehicles, automated storage and retrieval system, automated cranes, robotics system, conveyors and others.
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