Meticulous Research®—a leading global market research
company, published a research report titled, ‘Automated Material Handling
Systems Market by Type (ASRS, AGV, Robotic Systems), Component, Function
(Assembly, Picking, Sorting), End-use Industry (Automotive, Healthcare,
Semiconductor, Manufacturing, Retail, Aviation, Postal) - Global Forecast to
2030.’
Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5149?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=01-03-2024
According to this latest publication from Meticulous
Research®, the global automated material handling systems market is projected
to reach $70.1 billion by 2030, at a CAGR of 8.3% from 2023 to 2030. The growth
of the automated material handling systems market is driven by the growing
importance of AMHS across industries, enterprises’ increasing focus on
improving floor space utilization and order processing capabilities, and the
rising demand for warehouse automation. However, the high initial costs of AMHS
deployment restrain the growth of this market. The growing significance of
online retail platforms and associated supply chains, the increasing
utilization of RFID and barcode technologies, the integration of cloud and IoT
technologies in AMHS, and the advent of Industry 4.0 are expected to generate
growth opportunities for the players operating in this market. However, the
expansion and automation of warehouses without hampering operations and
cybersecurity risks are challenges for the growth of this market. Additionally,
the increasing adoption of Robots as a Service (RaaS) is a prominent trend in
the automated material handling systems market.
The global automated material handling systems market is
segmented by type, component, function, and end-use industry. The study also
evaluates industry competitors and analyzes the market at the region/country
level.
Based on type, the global automated material handling
systems market is segmented into automated storage & retrieval systems,
vehicle systems, conveyor & sortation systems, palletizing &
depalletizing systems, and robotic systems. In 2023, the robotic systems
segment is expected to account for the largest share of the global automated
material handling systems market. The large market share of this segment is
mainly attributed to the growing adoption of automation in manufacturing,
increasing use of robotic systems to handle hazardous tasks, improved overall
equipment effectiveness (OEE), increased production output, and advancements in
robotics technology.
However, the vehicle systems segment is projected to record
the highest CAGR during the forecast period, mainly due to factors such as the
increasing adoption of AGVs in various industries, including automotive and
manufacturing, the growing need for automated material movement, enhanced
production output, faster cycle times, and reduced labor costs, and increasing
industrial growth in emerging economies.
Based on component, the global automated material handling
systems (AMHS) market is segmented into hardware, software, and services. In
2023, the hardware segment is expected to account for the largest share of the
global automated material handling systems market. The segment’s large share is
mainly attributed to the increasing demand for industrial hardware components
such as programmable logic controllers (PLCs) and sensors, rapid
industrialization, and the rising need for robust industrial hardware for networking,
data storage, and processing.
Based on function, the global automated material handling
systems market is segmented into assembling, picking, sorting, packaging,
shipping, receiving, and storing. In 2023, the picking segment is expected to
account for the largest share of the global automated material handling systems
market. The segment’s large share is mainly attributed to the growing need to
ensure accurate inventory tracking, efficient replenishment, and timely
reordering to avoid stockouts and backorders, reduce the time taken to pick and
pack items, enable faster order processing and shipping, optimize the picking
process, and maximize overall throughput in warehouse and distribution center
operations.
Request Free Research Report Sample @ https://www.meticulousresearch.com/request-sample-report/cp_id=5149?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=01-03-2024
Moreover, the picking segment is also projected to record
the highest CAGR during the forecast period.
Based on end-use industry, the global automated material
handling systems market is segmented into automotive, electronics &
semiconductors, general manufacturing, retail & warehousing/logistics,
aviation, chemical, rubber, and plastic, healthcare & pharma, food &
beverage, postal & parcel, and other end-use industries. In 2023, the
automotive segment is expected to account for the largest share of the global
automated material handling systems market. The segment’s large share is mainly
attributed to automotive companies’ increasing need to optimize material flow,
reduce manual labor, improve production efficiency, inventory management, and
overall supply chain efficiency, and automate material handling tasks such as
conveying, sorting, palletizing, depalletizing, and storage/retrieval for
smooth production flow and minimal inventory buildup.
However, the healthcare & pharma segment is projected to
record the highest CAGR during the forecast period, mainly due to the
industries’ growing need for accurate tracking, tracing, and handling of
pharmaceuticals and medical supplies and improving efficiency and safety in
processes, including pharmaceutical and medical manufacturing and distribution,
and hospital operations.
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 2023, Asia-Pacific is expected to
account for the largest share of the global automated material handling systems
market, followed by Europe, North America, Latin America, and the Middle East
& Africa. The region is also expected to witness rapid growth during the
forecast period. The large market share of Asia-Pacific is mainly attributed to
the factors such as the rapidly transforming manufacturing and warehousing
infrastructure, increasing investments in several innovative technologies,
consistent technological advancements, an increasing emphasis on robotics and
automation, and growth in the e-commerce sector are driving the growth of this
market.
Speck to our analyst @
https://www.meticulousresearch.com/speak-to-analyst/cp_id=5149?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=01-03-2024
Key Players
The key players operating in the automated material handling
systems market are SSI SCHÄFER AG (Germany), Murata Machinery, Ltd. (Japan),
KNAPP AG (Austria), BEUMER Group GmbH & Co. KG (Germany), Swisslog Holding
AG (Switzerland) (A Part of KUKA AG), TGW Logistics Group GmbH (Austria),
WITRON Service GmbH & Co. KG (Germany), Kardex Holding AG (Switzerland),
E80 GROUP S.P.A. (Italy), System Logistics S.p.A. (Italy) (A Part of Krones
AG), DMW&H (U.S.), viastore SYSTEMS GmbH (Germany), Lödige Industries GmbH
(Germany), Stöcklin Logistik AG (Switzerland), Jungheinrich AG (Germany),
Mobile Industrial Robots A/S (Denmark).
TOP 10 COMPANIES IN AUTOMATED MATERIAL HANDLING SYSTEMS
MARKET >> https://meticulousblog.org/top-10-companies-in-automated-material-handling-systems-market/?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=01-03-2024
