Automated Material Handling Equipment Market Size, Demand, Dynamics, Business Growth and 2031 Forecasts

Kenneth Research, in its repository of market research reports, has recently added a report on Automated Material Handling Equipment Market  that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Automated Material Handling Equipment Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automated Material Handling Equipment Market products.

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The global Automated Material Handling Equipment Market was valued at USD 28.12 billion in 2016 and is projected to reach USD 54.68 billion by 2025, growing at a CAGR of 7.67% from 2017 to 2025.

Material handling equipment is mechanical equipment used for the movement, storage, control and protection of materials, goods and products throughout the process of manufacturing, distribution, consumption and disposal.

Market Dynamics:
1. Market Drivers
1.1 Growing Need for automated solutions
1.2 Growingfocus on worker safety
1.3 Cost cutting in labor expenses due to automated solutions
1.4 Growing industry of E-Commerce

2. Market Restraints
2.1 Availability of AGV on Lease

Market Segmentation:
1. Global Automated Material Handling Equipment Market, by System Type:
1.1 Unit Load Material Handling Systems
1.1.1 Advantages of Unit Load Material Handling Systems
1.1.2 Disadvantages of Unit Load Material Handling Systems
1.2 Bulk Load Material Handling Systems
1.2.1 Advantages of Bulk Load Material Handling Systems
1.2.2 Disadvantages of Bulk Load Material Handling Systems

2. Global Automated Material Handling Equipment Market, by Industry:
2.1 Automotive
2.2 Metals & Heavy Machinery
2.3 Food & Beverages
2.4 Chemicals
2.5 Semiconductor & Electronics
2.6 Healthcare
2.6.1 Pharmaceuticals
2.6.2 Medical Devices
2.7 Aviation
2.8 E-Commerce
2.9 Others

3. Global Automated Material Handling Equipment Market, by Function:
3.1 Assembly
3.2 Packaging
3.3 Transportation
3.4 Distribution
3.5 Storage
3.6 Waste Handling

4. Global Automated Material Handling Equipment Market, by Software & Services Used in AMH Equipment:
4.1 Software
4.1.1 Warehouse Management System
4.1.2 Warehouse Control System
4.1.3 Warehouse Execution System
4.2 Services
4.2.1 Maintenance and Repair
4.2.2 Training
4.2.3 Software Upgradation

5. Global Automated Material Handling Equipment Market, by Function:
5.1 Robots
5.1.1 Fixed Robots
5.1.2 Mobile Robots
5.2 Automated Storage and Retrieval Systems (ASRS)
5.2.1 Unit Load
5.2.2 Mini Load
5.2.3 Vertical Lift Module
5.2.4 Carousel
5.2.5 Mid Load
5.2.6 Autostore
5.3 Automated Conveyors and Sortation Systems
5.3.1 Belt
5.3.2 Roller
5.3.3 Overhead
5.3.4 Screw
5.4 Automated Cranes
5.4.1 Jib
5.4.2 Bridge
5.4.3 Gantry
5.4.4 Stacker
5.5 Automated Guided Vehicles (AGV)

6. Global Automated Material Handling Equipment Market, by Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Daifuku Co., Ltd.
2. Hyster-Yale Material Handling, Inc.
3. Jungheinrich AG
4. Kion Group AG
5. Toyota Industries Corporation
6. Hanwha Corporation
7. John Bean Technologies (JBT) Corporation
8. Kuka AG
9. Beumer Group GmbH & Co. Kg
10. Fives
11. Knapp AG
12. Murata Machinery, Ltd.
13. SSI Schaefer Group
14. TGW Logistics Group GmbH
15. Viastore Systems GmbH

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Automated Material Handling Equipment Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.

The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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