Automated Material Handling (AMH) Equipment Market - Global Forecast to 2024: Focus on Robots, ASRS, Conveyor and Sortation Systems, Cranes & AGV - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 2, 2018--The “Automated Material Handling (AMH) Equipment Market by Product (Robots, ASRS, Conveyor and Sortation Systems, Cranes, AGV), System Type (Unit Load, Bulk Load), Software & Services, Function, Industry, and Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The AMH equipment market is expected to reach USD 53.59 billion by 2024 from USD 33.46 billion by 2018 at a CAGR of 8.2%
The key factors driving the growth of the market include growing presence of start-up companies offering robotic solutions for warehouse automation, increasing popularity of AMH equipment among leading industries, significant recovery in global manufacturing, and rising labor cost and safety concerns. However, the high upfront cost of AMH equipment for small- and medium-sized enterprises (SMEs) and high integration and switching costs are key restraining factors for the market growth.
The market for robots is expected to grow at the highest from 2018 to 2024. Implementing robots greatly increases the efficiency and productivity of manufacturing and warehouse operating companies. Moreover, the use of robots can reduce labor cost, protect personnel or employees from injuries, and provide a high return on investment. Such advantages are fueling the demand for robots in manufacturing units and warehousing facilities.
The AMH equipment market for unit load material handling systems is estimated to grow at a higher CAGR during 2018-2024. Unit load material handling systems involve appropriately sized items organized into a single unit that can be moved easily. It is a quick and economical method to move a large number of items in a single run. The unit load material handling systems are widely used in various industries as they are cost-effective and capable of handling several items simultaneously, thereby reducing the number of trips and time required for loading and unloading, along with the cost of handling.
The AMH equipment market for packaging is expected to grow at the highest CAGR during 2018-2024. The role of packaging has become significant in the industries such as e-commerce, food & beverages, chemicals, and pharmaceuticals. The primary purpose of packaging is to provide protection to the item or product as it is handled numerous times during the order fulfillment process. The use of AMH equipment in the packaging process enhances the quality of packaging. The equipment is capable of working with various packaging designs and multiple pack sizes for different products. They can optimize the packaging of both small and large, and fragile products with optimum speed, along with eliminating the human errors.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Market Analysis, By Product
7 Market, By System Type
8 Software & Services Used in AMH Equipment Market
9 Market, By Function
10 Market, By Industry
11 Geographic Analysis
12 Competitive Landscape
13 Company ProfilesDaifuku Jungheinrich Kion Toyota Industries Hyster-Yale Material Handling Hanwha John Bean Technologies (JBT) Kuka Beumer Fives Knapp Murata Machinery SSI Schaefer TGW Logistics Viastore Mobile Industrial Robots Invia Robotics Grabit Avancon Locus Robotics
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Related Topics:Industrial Automation ,Material Handling Equipment
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/02/2018 06:19 AM/DISC: 10/02/2018 06:19 AM