Automated Material Handling Market Size, Growth Analysis, Business Opportunities, Competitor Strategies and Impact of COVID
Research Reports
Apr 07, 2022
Automated Material Handling Market Research Report- Forecast till 2027
Market Highlights
Industrial Internet of Things (IIoT) proliferation driven by new automation projects pursued by manufacturers moving towards Industry 4.0 revolution has shaped business growth, enhancing their operations. Extensive analytics take-up will allow the industry to experience a tremendous change in the coming years.
Automated Material Handling Market has estimated USD 43.6 Billion to grow its market size in 2021. Automated Material Handling Market has expected to reach 11?GR and meet the growth of USD 76.8 Billion in the forecast period of 2021 to 2027.
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Regional Analysis
The geographical synopsis of the global market has been analyzed in four major regions, including North America, Europe, the Asia Pacific, and the rest of the world.
Due to the presence of numerous manufacturing plants in the various countries in the region, the Asia-Pacific region dominates the Automated Material Handling industry. Many of the APAC nations are in their growth process and are therefore available to foreign investors, thereby allowing multi-domain international players to available the production unit in these countries. The Asia-Pacific region is also expected to grow substantially in the Power Quality Equipment (PQE) space. In addition, automated material handling facilitates the distribution and production of materials, mainly in the e-commerce sector. Thereby, booming eCommerce and the PQE industry will provide a great incentive to the development of the APAC market of Automated Material Handling.
Europe is the second-largest Automated Material Handling market in terms of sales and market size. A resurgent economy coupled with the booming regional industrial sector combined with increased security concerns in the workplace, especially in the automotive, food & beverage, and metal & heavy industries will drive regional market growth.
On the other hand, North America, due to the presence of multiple manufacturing plants, mainly in the U.S., represents the third-largest market for automated material handling. The proliferation and uptake of advanced technology mostly stimulate market growth.
Segmentation:
Segmentation by Operation: storage & transportation, Packaging & distribution, assembly, waste management, among others.
Segmentation by Software & Services comprises Services- (Maintenance & repairs, training, and software up-gradation), Software (TMS- Transportation management system, WMS- Warehouse management system).
Segmentation by Application includes e-commerce, foods & beverages, healthcare, automotive, chemicals, aviation, semiconductors, and electronics, among others.
Segmentation by Automated Equipment comprises Automated guided vehicles, automated cranes, robotics systems, automated storage and retrieval system, conveyors, among others.
Competitive Analysis
The major market players operating in the global market as acknowledged by MRFR are 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.) among others.
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Global Automated Material Handling Market Information, by Operation (Packaging & distribution, storage & transportation), by Software & Services (WMS, TMS, training), by Application (Automotive, healthcare, e-commerce), by Automated Equipment (AGV, ASRS) – Forecast 2016-2027
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