Market Research Of Global Automated Material Handling Market By Knowledge Sourcing Intelligence


Introduction

Automated Material Handling is a process that eliminates/reduces human involvement in the production process. The products include Automated guided vehicles (AGVs), Automated storage and retrieval system (AS/RS), Conveyor Systems, and Robotics systems. The increasing number of injuries and fatalities at the workplace is increasing its demand. The increasing cost of manual labor due to training, employee benefit schemes, and shortage of labor is further boosting its demand. AMH equipment can work 24x7 without human involvement increasing production and revenue. Continuous improvements in AMH equipment is also expected to boost the market.

global automated material handling market

Drivers of Automated Material Handling.

The focus of enterprises to automate their different operations is a key factor fueling the demand for these solutions. With the growing trend of industrial revolution 4.0, major manufacturers are interested in automated material handling. Increasing start-up companies offering robotics, and another solution for material handling is boosting its demand. With rapid industrialization and globally increasing growth in the manufacturing and production of goods, the market for AMH equipment is expected to boost. Increasing the import/export of goods, airport developments for quick delivery is boosting its market. The global automated material handling market trend is expected to be positive as it makes the business process more efficient at low operating costs. With the growth of the e-commerce industry and rapidly increasing international air freights, demand for automatic guided vehicles (AGVs) and warehouse management systems (WMS) have boosted.

Hindrance and growth opportunities.

The high installation cost of AMH equipment is a major challenge for the market. AMH equipment requires proper maintenance and lack of skilled manpower for repair and maintenance of such equipments is hampering the growth of the market. High switching cost is also restricting market growth. Equipment downtime is also a major hindrance to the growth of the market as it reduces productivity and revenue. However, increasing the integration of technology in the manufacturing and supply chain processes market of AMH equipment is expected to boost the market. 
global automated material handling market
Sample view of global automated material handling market share

With industrial revolution 4.0 and growth of IoT, demand for AMH equipment is expected to further boost the Automated Material Handling market growth. Manufacturers are working to customize the products, according to individuals' needs, and the e-commerce sector is focusing to meet the last customer. With these changing trends of production and distribution of goods, the market of global automated material handling market equipment is expected to grow.

Market segmentation

Geographically, the Asia Pacific region is expected to have a significant market share in the Global Automated Material Handling market share. This share is projected owing to the growth of the e-commerce sector and the increasing demand for material handling equipment in the region. North America and Europe region are also expected to have a significant market share. The market of AMH equipment can be segmented as Automated guided vehicles (AGVs), Automated storage and retrieval system (AS/RS), and others.  AS/RS is expected to have a significant market share owing to its several benefits such as order processing, improved space utilization, etc. It also offers better visibility of the amount of inventory. AGVs are also expected to have significant growth in their market share.

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