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Automated Material Handling Equipment Market to Surge Remarkably Owing Demand By The High Adoption Of Material Handling Equipment Across The Globe

June 11, 2019

Pune, Maharashtra, May 07, 2019 (Wired Release) Prudour Pvt. Ltd. Automated material handling equipment removes the requirement of human interference in the process of material handling and this equipment improves accuracy in order to processing, ensure labor safety, and rise warehouse productivity. The several types of automated material handling equipment products such as robotics systems, conveyor systems, automated storage and retrieval systems, and automated controlled vehicles are very popular across the globe. In addition, the various automated material handling equipment widely used in the food and beverage manufacturing, e-commerce and retail industries, and others in developed and developing countries.

Increasing requirement of automation among various industries across the globe and rising adoption of automated material handling equipment among several industries are some of the major reasons for the high growth of the automated material handling equipment across the globe. In addition, growing industrialization across the globe and rising technological advancement in the automated material handling equipment are other reasons for high adoption of automated material handling equipment in developed and developing countries.

Furthermore, the rising popularity of various types of material handling equipment such as automated storage and retrieval systems, automated conveyor, sortation systems, and others across the globe and rising penetration of robotic solutions for warehouse automation are other important reasons for the high growth of the automated material handling equipment in emerging and developed economies.

Additionally, rising focus on the development of compact, energy-efficient, affordable material handling solutions by major automated material handling manufacturers and expanding e-commerce sector across the globe. These are some other reasons for the high demand for automated material handling equipment in many areas of the globe. Automated material handling equipment market was valued at US$ 33,460.0 Mn in 2018 and is forecasted to increase significantly at a compound annual growth rate of 8.3% from 2019 to 2028.

Moreover, increasing production of automated conveyor, automated storage and retrieval systems, and others in many areas of the globe and increasing safety concern and labor cost in several industries globally, these are some reasons to support for the growth of the automated material handling equipment across the globe. However, the high cost of automated material handling equipment may hamper the demand for automated material handling equipment in many areas of the globe.

Increasing investment by major industries including food and beverage, automotive, and others and digitization of the supply chain processes in the countries such as France, Italy, Germany, UK, US, and Canada in the Europe and North America regions. In addition, high demand for automated material handling equipment, expanding the e-commerce sector, and expanding various industries in the countries such as China, Japan, and India in the Asia Pacific region. The high popularity of various automated material handling equipment among individuals and rapid industrialization in the countries such as Israel, South Africa, Brazil, and Mexico the Latin America and Middle East Africa regions.

Prominent players operating in the global automated material handling equipment market including, Sango, Faurecia, Eberspacher, Tenneco, Katcon, Boysen, Sejong, Benteler, Calsonic Kansei, Yutaka, Bosal, Magneti Marelli, Chongqing Hiter, Weifu Lida, Futaba, Brillient Tiger, Liuzhou Lihe, and Tianjin Catarc.

Source:  https://media.market.us/automated-material-handling-equipment-market-to-surge-remarkably-cagr/3532/

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