Global Automated Material Handling Equipment Market is Growing at a CAGR of 9.39 % in 2026

by Swami Patil
Posted: Dec 12, 2019

Global automated material handling equipment market By Product (Robots, Automated Storage & Retrieval Systems (ASRS), Conveyor & Sortation Systems, Cranes, Automated Guided Vehicles (AGV)), System Type (Unit Load Material Handling Systems, Bulk Load Material Handling Systems), Software & Services (Software, Services), Function (Assembly, Packaging, Transportation, Distribution, Storage, Waste Handling), Industry (Automotive, Metals & Heavy Machinery, Food & Beverages, Chemicals, Semiconductor & Electronics, Healthcare, Aviation, E-Commerce, Others)

Market Analysis: Global Automated Material Handling Equipment Market

Global automated material handling equipment market is to register a substantial CAGR of 9.39% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to increasing involvement of start-up companies providing robotic solutions for warehouse automation

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Market Definition: Global Automated Material Handling Equipment Market

Automated material handling equipment shall be used for the processing, regulating, securing and motion of products. These instruments are very easy to be used throughout the production, usage and storage method. Automated material handling equipment simplifies the method and is used in contemporary day sectors. The handling of vertical products for industry such as metals & high equipment, aerospace and the manufacturing sector for human beings could be very difficult and poses greater health security hazards for the workers..

Market Drivers:

Increasing involvement of start-up companies providing robotic solutions for warehouse automation is driving the growth of the market
Enhanced acceptance of AMH equipment between many leading industries is propelling the growth of the market
Significant recovery in global manufacturing is boosting the growth of the market
Increasing wages and safety issues is contributing to the growth of the market

Market Restraints:

Heavy initial cost of AMH equipment for small and medium-sized enterprises is hindering the growth of the market
Elevated implementation and changing expense is restricting the growth of the market
The substitution of manual labour and need for skilled workforce and concerns is hampering the growth of the market

Segmentation: Global Automated Material Handling Equipment Market

By Product

Robots
Fixed Robots
Articulated Robots
Cylindrical Robots
Scara Robots
Parallel Robots
Cartesian Robots
Mobile Robots
Automated Storage & Retrieval Systems (ASRS)
Unit Load
Mini Load
Vertical Lift Module
Carousel
Mid Load
Autostore
Conveyor & Sortation Systems
Belt
Roller
Overhead
Screw
Cranes
JIB
Bridge
Gantry
Stacker
Automated Guided Vehicles (AGV)
By Type
Tow Vehicles
Unit Load Carriers
Pallet Trucks
Assembly Line Vehicles
Forklift Truck
Others
By Navigation Technology
Laser Guidance
Magnetic Guidance
Inductive Guidance
Optical Tape Guidance
Vision Guidance
Others

By System Type

Unit Load Material Handling Systems
Bulk Load Material Handling Systems

By Software & Services

Software
Warehouse Management System
Warehouse Control System
Warehouse Execution System
Services
Maintenance & Repair
Training
Software Upgrades

By Function

Assembly
Packaging
Transportation
Distribution
Storage
Waste Handling

By Industry

Automotive
Metals & Heavy Machinery
Food & Beverages
Chemicals
Semiconductor & Electronics
Healthcare
Pharmaceuticals
Medical Devices
Aviation
E-Commerce
Others

Key Developments in the Market

In April 2019, ABB introduced the latest Ability Stockyard Management System that allows fully embedded cooperative activity by linking all accessible information and method data to optimize mass materials processing terminals and warehouses for coal-fired power plants, metal crops or mines. This mechanism improves the effectiveness of the warehouses in linking successive measures to the full transport chain of products.

In April 2018, Honeywell International Inc., revealed the latest distribution center software platform that simplifies and streamlines the complicated e-commerce activities. Honeywell International Inc. progress warehouse execution scheme brings together integrated devices, workflows, commands, and workers on a centralized platform and provide real-time exposure to warehouse users and assist creative activities more effective.

Competitive Analysis

Global automated material handling equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automated material handling equipment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Swami Patil

Member since: Oct 30, 2019
Published articles: 64