Description
The market is projected to reach USD 37.90 billion by 2022 from 22.94 billion at 2016,at a CAGR of 8.73%, in the forecasted period. Automated material handling systems have come across many innovations, ranging from actuators to new forms to new forms of control processors.
These innovations have enabled better performance and system utilization. Rapid progress in the manufacturing of hardware systems and control components is one of the major reasons of these advancements.
These systems are mainly about the movement, storage and handling of goods and raw materials at various stages along the supply chain.
Market Dynamics
The increased spending on research and developmental activities, M&A for new technologies, and the miniaturization of Automated Material Handling Equipment will drive the growth prospects for the global Automated Material Handling Equipment market until the end of 2021. Growing competition among the vendors is also one of the reason for growing number of investments in Research and Development. Furthermore, the increasing trend of miniaturization of Material Handling Equipment will reduce the total installation cost of the machinery. Decreased cost of machinery will further have a positive impact on the market’s growth.
Market Segmentation
The automated material handling equipment market can be segmented on the basis of product, system type, software & services, function, industry, and region.
Segmentation by Product:
• Robots
• Automated Storage and Retrieval Systems (ASRS)
• Automated Conveyors and Sortation Systems
• Automated Cranes
• Automated Guided Vehicles (AGV)
• The robotic systems accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Advantages such as multitasking, lifting heavy weights, efficiency, and ability to work at dangerous places are one of the major factors responsible for the market segment’s growth. Also, Investments in robotic systems are increasing along with the number of innovations that will allow the manufacturers to come up with cost-effective measures in the future.
Segmentation by System Type:
• Unit Load Material Handling Systems
• Bulk Load Material Handling Systems
Segmentation by Software & Services Used:
• Software
o Warehouse Management System
o Warehouse Control System
o Warehouse Execution System
• Services
o Maintenance and Repair
o Training
o Software Upgradation
Segmentation by Function:
• Storage
• Transportation
• Assembly
• Packaging
• Distribution
• Waste Handling
Segmentation by Industry:
• Automotive
• Metals & Heavy Machinery
• Food & Beverages
• Chemical
• Semiconductor and Electronics
• Healthcare
• Aviation
• E-Commerce
• Others (paper and printing, and textile and clothing
Segmentation by Region:
• North America
• Europe
• Asia Pacific (APAC)
The Americas accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years. Some of the major factors responsible for the market’s growth in the region is the rising number of online trading activities, availability of a wide number of products with less storage space and more distribution channels.
Key Players
The prominent key players in the market are:
Swisslog Holding AG, Murata Machinery USA, Inc., Siemens AG, Amazon (KIVA Systems), Buemer Group, Dematic (Kion Group AG), Flexlink, Mecalux S.A., SSI Schaefer, Intelligrated, Kardex AG, Bosch Rexroth AG
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage
