Automated Material Handling Equipment Market to see Rapid Growth by 2028
The automated material handling equipment market is projected to grow at a considerable CAGR during the forecast period (2020-2026). The growing technological advancement in the e-commerce logistics industry is expected to be one of the key factors to drive the growth of the global automated material handling equipment market. E-commerce companies have to deal with thousands of parcels that have to be delivered at various different locations. Performing this manually is tedious and time-consuming and there is the possibility of error as well. Hence, companies are introducing the automated logistic program in order to remove errors while storage and delivering the product.
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Economies such as China, Japan, and major European
economies have introduced a number of automated plants in order to deliver
faster and error-free delivery services. A number of companies are providing
logistic solutions across the globe. Honeywell, Murata Machinery, Dematic,
Daifuku, Swisslog, Knapp AG, and Jungheinrich AG are some of the global market
players that are providing logistic solutions. The logistics industry is
growing at an accelerated rate in the entire Asia-Pacific that further provides
substantial growth in the automated material handling equipment market. For
instance, in India Walmart owned Flipkart, announced setting up a 4.5 million
sq. ft logistic park in Bengaluru. This large warehouse in the emerging
economies such as India and China are opening several opportunities for other
countries of the Asia-Pacific in the future.
Along with Asia-Pacific, the market in North
America and Europe primarily the US and UK respectively possess significant
potential for technological integration and is estimated to fuel the growth of
the automated material handling equipment market across the globe during the
forecast period. With respect to the introduction of new technology in the
market, in September 2018, an exhibition "TILOG Logistics 2018" in Bangkok,
Thailand was held in order to connect companies in Asia-Pacific.
Another logistic solutions provider Daifuku which
is headquartered in Japan offers automated logistic systems. It provides
solutions to manufacturers such as building automated sorting technologies,
factory line automation systems in automotive plants, and home delivery
warehouses. As per the company, it is using Thailand as a base for the
Asia-Pacific region and is strategically expanding business operations in other
countries of Asia-Pacific thus creating significant growth in the market.
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Automated Material Handling Equipment Market Segmentation
By System Type
·
Robots
·
Automated Storage & Retrieval System (ASRS)
·
Conveyor and Sortation Systems
·
Cranes
·
Others
By Product Type
·
Hardware
·
Software
By Industry
·
Automotive
·
Food & Beverage
·
Chemical
·
Metals & Heavy Machinery
·
Retail, Third Party Logistics, & E-commerce
·
Healthcare
·
Others
Automated Material Handling
Equipment Market Segmentation by region
North America
· United
States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest
of Europe
Asia-Pacific
· India
· China
· Japan
· South
Korea
· Rest
of APAC
Rest of the World
•
Latin America
•
Middle East and Africa
Company Profiles
·
Automation Logistics Corp.
·
BEMUR Group
·
Daifuku Co., Ltd.
·
Green Automated Solutions, Inc.
·
Hanel Storage Systems
·
Honeywell International, Inc.
·
Hyster-Yale Materials Handling, Inc.
·
IHI Corp.
·
JBT Corp.
·
Jungheinrich AG
·
Kardex Group
·
Kion Group AG
·
KNAPP AG
·
KUKA AG
·
MECALLUX Group
·
Modula, Inc.
·
Murata Machinery, Ltd.
·
System Logistics S.P.A.
·
TGW Logistics Group
·
Toyota Industries Corp.
·
Viastore Systems GmbH
·
Westfalia Technologies, Inc.
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