Automated Material Handling Equipment Market Overview:
Material handling equipment is a mechanical device used for the movement, storage, control and protection of materials, goods and products throughout the process of manufacturing, distribution, consumption, and disposal. Automated materials handling (AMH) refers to any automation that reduces or eliminates the need for humans to check-in, check-out and to sort material. Various belts, pulleys, slides, and laser beams are used to ensure no overflow in bins and to get each item oriented correctly and pushed or carried into the right bin. There are different types of automated material handling systems that are divided based on the products like Robots and Cranes, system type like Unit or Bulk load, function like Packing and Assembling, and industry like Automotive and Chemical etc. The main Aim of AMH is to increase labor productivity, reduce labor cost, and improve work safety and work quality.
The automated material handling equipment market was valued at USD xx million in 2017 and is expected to reach USD xx million by 2025, at a CAGR of xx% during the forecast period 2017 to 2025.
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Robots are going to lead the automated material handling in the forecast period. High skilled labor is required to operate the AMH equipment. Industries where AMH are used are automotive, chemicals, food & beverages, metals and heavy machinery, e-commerce, and semiconductor and electronics.
Automated Material Handling Equipment Market Drivers and Restraints:
The immense growth of startup companies which are offering robotic solutions affects the growth of automated material handling equipment. Increase in the Industrial Infrastructure in the highly populated countries may result in the rise of AMH market. High rate of production within the less time may affect the growth of the global market. However, the cost of AMH is little high and to be covered by the production, which leads to high maintenance cost. These factors may impede the market expansion.
Automated Material Handling Equipment Market Geographical Representation:
China commands an impressive manufacturing rate with labor pool, making it a global manufacturing hub for many industries, such as automotive, chemicals, and semiconductor & electronics. Moreover, India is frequently featured among the fastest-growing economies in the world. Some of the major industries contributing to the Indian economy are automotive, healthcare, textile and clothing, and paper and printing. The availability of less skilled labor and lower production cost are some of the primary enablers of the growth of the manufacturing sector in the country.
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Key Players of Automated Material Handling Equipment Market:
Major players involved in the AMH equipment market include Toyota Industries, Jungheinrich, KION, Daifuku, Hyster-Yale Materials Handling, Hanwha, John Bean Technologies, KUKA, BEUMER (Germany), Fives (France), KNAPP, Murata Machinery, SSI Schaefer, TGW, and Viastore.
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