According to a new market research report titled “Automated Material Handling Systems
Market by Type (ASRS, AGV, and Robotic Systems), Component, Function,
End-use Industry (Automotive, Healthcare, Food & Beverage, Semiconductor,
Manufacturing, Retail, Warehousing, Logistics, Aviation, and Postal) - Global
Forecast to 2028”, published by Meticulous Research®, the Automated Material
Handling Systems (AMHS) market is expected to reach $57.6 billion, at a
CAGR of 6.6% during the forecast period (2021-2028).
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5149?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=15-02-2022
Automated material handling systems increase productivity, automate
tasks, augment jobs, and create new ones. It ensures efficient conveyance of
materials from one place to another in the manufacturing area or warehouses by
eliminating the need for humans. It also helps to produce and ship product to
customers faster, cheaper, and with increased quality.
The steady growth of the automated material handling systems market is
mainly attributed to the 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.
Although the impact of COVID-19 may hinder the growth of this market, 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.
Based on type, the automated material handling systems market is
segmented into automated storage & retrieval systems, vehicle systems,
conveyor & sortation systems, palletizing & depalletizing systems, and
robotic systems. In 2021, the robotic systems segment accounted for the largest
share of the overall automated material handling systems market. The large
share of this segment is mainly 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. Besides, the high deployment rate of robotic systems
across various industries, including automotive and manufacturing, the advent
of industry 4.0, and the growing need for high-level production automation
further augment the growth of this segment. However, the vehicle systems
segment is projected to grow at the highest CAGR of 11.8% over the forecast
period. An upsurge in the adoption of AGVs, the rising need for safety,
accuracy, and productivity, increasing industrial growth in emerging economies,
and the growing trend favoring flexible navigation are the key drivers for this
segment.
Speak to our Analysts to Understand the Impact of COVID-19 on Your
Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5149?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=15-02-2022
Based on component, the automated material handling systems market is
segmented into hardware, software, and services. In 2021, the hardware segment
accounted for the largest share of the overall automated material handling
systems market. The large share of this segment is mainly attributed to the
continuous advancements in upcoming technologies such as AI and IoT, the
technologies’ easy integration with automated material handling equipment, the
rising demand for sensors and reliable performance controllers. Moreover, the
increasing R&D investments in hardware enhancements are driving the growth
of this segment. However, the software segment is projected to grow at the
highest CAGR over the forecast period. The increasing strategic developments
among automation providers and rapid advancements in software products are the
key drivers for this segment.
Based on function, the automated material handling systems market is
segmented into assembling, picking, sorting, packaging, shipping, receiving,
and storing. In 2021, the picking segment accounted for the largest share of
the overall automated material handling systems market. This segment is also
projected to record the highest CAGR during the forecast period. The segment's
large share can be attributed to the picking systems’ increasing deployments
across several industries, the systems’ high adoption rate, growing need for
automating order fulfilment processes, rising demand for high-accuracy systems,
and the rising need to automate order fulfillment processes.
Based on end-use industry, the automated material handling systems
market is segmented into automotive, semiconductor & electronics, general
manufacturing, retail & warehousing/logistics, aviation, chemicals, rubber,
and plastics, healthcare & pharma, food & beverage, postal &
parcel, and others. In 2021, the automotive industry segment accounted for the
largest share of the overall automated material handling systems market. The
large share of this segment is mainly attributed to the increasing need to
expedite the loading and unloading of automotive products, the growing focus on
reimaging the next-generation automobile plants, and technological developments
in automated technology and robotics. However, the healthcare & pharma
industry segment is projected to grow at the highest CAGR over the forecast
period. The rapid transformation of the healthcare sector, increasing
government and private investments, and the rising need to meet government
regulations are the key drivers for this segment.
Quick Buy – Automated Material Handling Systems Market Research
Report: https://www.meticulousresearch.com/Checkout/52305156?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=15-02-2022
Based on geography, the global automated material handling systems
market is segmented into North America, Europe, Asia-Pacific, Latin America,
and the Middle East & Africa. In 2021, Europe accounted for the largest
share of the global automated material handling systems market. The large share
of the European region is attributed 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. Besides, the 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, the APAC region is projected to register the
highest CAGR during the forecast period due to increasing investments in several
innovative technologies, rising technology adoption, the rapidly improving
manufacturing & warehousing infrastructure, the high adoption of robotics,
and the growing presence of key players in the region.
The global automated material handling systems market is highly
fragmented in nature, comprising several small-level companies, start-ups, and
international players. These companies are adopting different strategies to
stay competitive and garner greater market share. At present, developing new products
and services is one of the most preferred strategies adopted by the players
operating in the automated material handling systems market. However, strategic
partnerships, collaborations, and agreements are some of the other growth
strategies adopted by the leading players in this market. The majority of
partnerships and collaborations aim to broaden product portfolios, advance the
technological capabilities of existing products, and develop capabilities to
cater to the changing demands of users.
Some of the prominent players operating in the global automated material
handling systems market are Daifuku Co., Ltd. (Japan), SSI SCHAEFER Group
(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+Informatik GmbH
(Germany), Kardex Holding AG (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) among others.
To gain more insights into the market with a detailed table of content
and figures, click here: https://www.meticulousresearch.com/product/automated-material-handling-systems-market-5149?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=15-02-2022
Scope of the Report:
Automated Material Handling Systems Market, by Type
- Robotic Systems
- Conveyor & Sortation
Systems
- Conveyor Systems
- Belt Systems
- Roller Systems
- Pallet Systems
- Overhead Systems
- Other Systems
- Sortation Systems
- Automated Storage &
Retrieval Systems
- Unit-load AS/RS
- Fixed-aisle
- Movable-aisle
- Mini-load AS/RS
- Multi-shuttle Load
- Vertical Lift Module
- Carousel
- Horizontal Carousel
- Vertical Carousel
- Micro-load AS/RS
- Vehicle Systems
- Automated-guided Vehicles
- Laser-guided AGVs
- Magnet-guided AGVs
- Vision-guided AGVs
- Induction-guided AGVs
- Other AGVs
- Rail-guided Vehicles
- Palletizing &
Depalletizing Systems
- Robotic
- Automatic Conventional
TOP 10 COMPANIES IN AUTOMATED
MATERIAL HANDLING SYSTEMS MARKET
Automated Material Handling Systems Market, by Component
- Hardware
- Software
- Services
Automated Material Handling Systems Market, by Function
- Assembly
- Picking
- Sorting
- Packaging
- Shipping
- Receiving
- Storing
Automated Material Handling Systems Market, by End-use Industry
- Automotive
- Semiconductor &
Electronics
- General Manufacturing
- Retail and
Warehousing/Logistics
- Aviation
- Chemicals, Rubber, and
Plastics
- Healthcare & Pharma
- Food & Beverage
- Postal & Parcel
Automated Material Handling Systems Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Netherlands
- Switzerland
- Poland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Malaysia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5149?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=15-02-2022
Related Reports-
Industrial Automation
Market by Component (Plant-level Controls, Enterprise-level Controls,
Plant Instrumentation), Mode of Automation (Semi-automatic, Fully-automatic),
and End User (Oil & Gas, Automotive, Food & Beverage, Chemicals &
Materials) - Global Forecast to 2027
Food Automation Market by
Component (Plant Level Controls, Enterprise Level Controls), Mode of Automation
(Semi-automatic, Fully-automatic), Application (Packaging and Repacking,
Butchery), and End-Use (Beverages and Distilleries) - Global Forecast to 2027
No comments:
Post a Comment