Press release
Automated Material Handling Equipment to Growth With a 9.1% CAGR to cross USD 51.70 billion in size by 2029 - Analysis by Type, System Load, Competitive Analysis, Sales Drivers, Company Profiles and Forecast by 2029
Based on previous market performance, the Automated Material Handling Equipment market is expected to reach USD 51.70 billion in size by 2029. With a 9.1% CAGR.Automated Material Handling Equipment Market Overview:
Automated material handling systems ensure efficient material transport from one location to another in the manufacturing area - whether it is within the same department or bay, on opposite ends of the manufacturing floor, or even in two separate buildings. An AMHS moves material using conveyers, vertical elevators, and autonomous vehicles using route and process step information provided by the MES.
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Automated material handling equipment has become increasingly important in a variety of manufacturing industries around the world. While increasing production capacity, industries continue to emphasise their "all under one roof" policy. These material handling machines are ideal for distribution, storage, and waste disposal.
Based on our expert's analysis the players that are leading the market includes: Hyster-Yale Material Handling, Inc., Kion Group AG, Hanwha Corporation, Kuka AG, Fives, Murata Machinery, Ltd., TGW Logistics Group GmbH, Viastore Systems GmbH and Daifuku Co., Ltd. and Others.
The whole market is segmented as follows
Automated Material Handling Equipment Market by Type, 2020-2029, (USD Million) (Thousand Units)
Automated Storage and Retrieval System
Automated Conveyor and Sorting System
Automated Guided Vehicle
Automated Material Handling Equipment Market by System Load, 2020-2029, (USD Million) (Thousand Units)
Unit Load
Bulk Load
Automated Material Handling Equipment Market by Application, 2020-2029, (USD Million) (Thousand Units)
Assembly
Distribution
Transportation
Packaging
Automated Material Handling Equipment Market by Industry, 2020-2029, (USD Million) (Thousand Units)
E-Commerce
Automotive
Food and Beverages
Pharmaceutical
Aviation
Semiconductor and Electronics
Industry Developments
In June 2017 - Hyster-Yale Materials Handling, Inc. acquired Zhejiang Maximal Forklift Company Limited to strengthen its product portfolio and expand its manufacturing capabilities in order to gain a competitive edge in the global market.
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Automated Material Handling Equipment Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming technologies and industry trends.
Regional Analysis
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Automated Material Handling Equipment Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings.
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