Automated Material Handling Equipment Market by 2025

Automated Material Handling Equipment Market to 2025

No of Pages: 232 Published: Oct-2018 Single User PDF: US$ 4550

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Automated Material Handling Equipment Market to 2025 Introduction

Automated Material Handling Equipment Market to 2025 – Product (Robots, Automated Storage & Retrieval System, Automated Conveyors & Sortation System, Automated Cranes, and Automated Guided Vehicles); System Type (Unit Unload and Bulk Unload); Component (Hardware, Software, and Services); Function (Storage, Transportation, Assembly, Packaging, Distribution, and Waste Handling); and Industry (Automotive, Electronics, Food & Beverage, ECommerce, Aerospace, Logistics, Pharmaceuticals, and Others) - Global Analysis and Forecast

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Automated Material Handling Equipment Market to 2025 Traditional methods of handling material through the entire supply chain of the product cycle has proven to be highly inefficient, error-prone as well as risk-prone for the labor associated with the task. Increasing demands for various consumer goods, electronic devices, and automotive have created additional pressures for enhancing the efficiency of the supply chain. Matching supplies with the ever increasing demands for consumer goods has remained one of the biggest challenges for the service providers. Further, conventional human methods are highly prone to errors due to human fatigue, reduce the productivity of the workplace, and thereby lead to increased time consumptions.

Over the past two decades, automation in manufacturing has been a constant factor leading to transformation in the factory floor operations, manufacturing employment, as well as the dynamics of the manufacturing sector on a whole. Current trends that are buzzing in the manufacturing sector such as robotics, machine learning, and artificial intelligence have enabled the machines to match or even outpace humans in a range of activities including the cognitive activities that are required at various levels of manufacturing.

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Automated Material Handling Equipment Market to 2025 Companies Mentioned

1. Fives 2. Jungheinrich AG 3. Kion Group AG 4. kuka AG 5. Daifuku Co., Ltd. 6. Hyster-Yale Materials Handling, Inc. 7. BEUMER Group GmbH & Co. KG 8. Hanwha Corporation 9. John Bean Technologies Corporation 10. Toyota Industries Corporation

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Automated Material Handling Equipment Market to 2025 For the automated material handling equipment to grow at a swift pace over the coming years, advancements in the allied electronics technologies is also mandatory. Internet of Things (IoT), Radio Frequency Identification (RFID), Near Field Communication (NFC), and Automated Intelligent Data Capture (AIDC) are some of the technologies that further enable smooth functioning of automated material handling equipment. The use of Information and Communication Technologies (ICT) in the manufacturing and logistics industry has been comparatively quite low.

Even though, technologies have been evolving at a breathtaking pace, fruitful integrations in the manufacturing and logistics industry hasn’t been that remarkable. This has left the researchers and scientists to ponder on quite a few issues and accordingly, companies now have started investing for finding a proper match to integrate these technologies.

The global automated material handling equipment market is segmented on basis of five strategic regions including; North America, Europe, Asia Pacific, Middle East and Africa, and South America. Asia-Pacific holds the largest chunk of the market share currently. The manufacturing industry in the countries of Asia Pacific have experienced a huge shift over the years. The Asian manufacturing sector is known to rapidly adopt innovative technologies that includes robotics along with the emerging cloud and mobility technologies. Over the years, the manufacturing spending of the region has grown significantly and is further anticipated to grow at a highest estimated growth rate.

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