Fortune business insights recently published a detailed market research study focused on the “The automated material handling equipment market share Report 2024” delivering key insights and providing a competitive advantage to clients through a detailed report. Automated Material Handling (AMH) Equipment Market Size, Share & COVID-19 Impact Analysis, By Type (Automated Storage & Retrieval System, Automated Conveyor & Sorting System, Automated Guided Vehicle), By System Load (Unit Load & Bulk Load), By Application (Assembly, Distribution, Transportation), By Industry (Retail & E-commerce, Automotive, Food & Beverages, Pharmaceutical, Semiconductors & Electronics) and Regional Forecast, 2032
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The competitive landscape of the market for automated material handling equipment market is determined by assessing the major industry participants, production capacity, production capacity utilization rate, automated material handling equipment marketM’s production chain, pricing by each manufacturer and the revenue generated by each manufacturer in the automated material handling equipment marketM globally.
Top key players of automated material handling equipment market:
Daifuku Co.,Ltd (Headquarter:- Osaka, Japan)
Jungheinrich AG (Headquarter: - Hamburg, Germany)
Toyota Industries Corporation (Headquarter: - Aichi, Japan)
BEUMER Group (Headquarter: - Beckum, Germany)
Cargotec (Headquarter: - Helsinki, Finland)
Kion Group (Headquarter: - Frankfurt, Germany)
Crown Equipment Corporation (Headquarter: - Ohio, United States)
Honeywell Intelligrated (Headquarter: - Ohio, United States)
SSI Schaefer AG (Headquarter: - North Rhine-Westphalia, Germany)
Hytrol Conveyor Company, Inc. (Headquarter: - Jonesboro, United States)
Market atributes:
Report Componant
Aspects
Forecast Period
2019-2032
Projected market valuve 2019
USD 10.18 billion
Forecasted market valuve 2032
USD 18.01 billion
Compound Annual Growth Rate
4.2
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Drivers and restraints:
Drivers:
Increasing Demand for Efficiency: The need for streamlined operations and reduced labor costs drives the adoption of automated material handling equipment, which enhances efficiency and productivity in warehouses and manufacturing facilities.
Technological Advancements: Innovations such as robotics, artificial intelligence, and the Internet of Things (IoT) improve the capabilities and functionality of material handling systems, boosting market growth.
Growth in E-commerce: The rapid expansion of e-commerce and online retail requires efficient and scalable material handling solutions to manage high volumes of goods and ensure fast order fulfillment.
Focus on Safety and Ergonomics: Automated systems reduce the risk of workplace accidents and improve ergonomics by handling heavy and repetitive tasks, promoting the adoption of material handling equipment.
Customization and Flexibility: The ability to tailor automated systems to specific operational needs and easily reconfigure them for different tasks drives demand across various industries.
Restraints:
High Initial Investment: The significant upfront costs associated with purchasing and installing automated material handling equipment can be a barrier, particularly for small and medium-sized enterprises.
Complex Integration: Integrating new automated systems with existing infrastructure and workflows can be complex, requiring substantial time, expertise, and resources.
Maintenance and Support Costs: Ongoing maintenance, repair, and support for advanced material handling equipment can be costly and impact overall operational budgets.
Technological Obsolescence: Rapid advancements in technology may lead to obsolescence of existing equipment, necessitating frequent upgrades or replacements to stay current with industry standards.
Workforce Impact: The introduction of automation may lead to workforce displacement or require significant retraining, which can create resistance or operational challenges in some organizations.
Regional analysis:
North America (the U.S. and Canada)
Europe (U.K., Germany, France, and the Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia and the Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and the Rest of the Middle East & Africa)
Latin America (Brazil, Mexico, and the Rest of Latin America)
Table of Content :
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Industry Developments – Merger, Acquisitions, and Partnerships
Porter’s Five Forces Analysis
SWOT Analysis
Technological Developments
Value Chain Analysis
TOC Continued…!
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Key industry developments:
July 2023: Jungheinrich unveils cutting-edge mobile robot solution at LogiMAT 2023, setting new industry standards. The adaptable robot seamlessly integrates into warehouses, autonomously solves challenges, and enhances performance, reflecting a shift towards intelligent intralogistics.
May 2023: Toyota Material Handling expands its portfolio with innovative electric forklifts: Side-Entry End Rider, Center Rider Stacker, and Industrial Tow Tractor. These additions enhance material handling solutions, emphasizing adaptability and superior on-site performance for customers.
June, 2017: Hyster-Yale Materials Handling, Inc., acquired Zhejiang Maximal Forklift Company Limited in order to expand its manufacturing capabilities and strengthen its product portfolio to gain competitive edge in the global market.
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Key questions are answer in this report:
What is the market size of automated material handling equipment market 2024?
Who are top key players in this report?
what are drivers in the automated material handling equipment industry?
what is the future projection of automated material handling equipment industry?