PUNE, India, July 12, 2017 /PRNewswire/ --
According to the new market research report "Automated Material Handling Equipment Market by Product (Robots, ASRS, Automated Conveyors and Sortation Systems, Automated Cranes, AGV), System Type (Unit Load, Bulk Load), Software & Services, Function, Industry, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Automated Material Handling Equipment Market is expected to be valued at USD 48.31 Billion by 2023, growing at a CAGR of 7.8% between 2017 and 2023.
Browse 62 Market Data Tables and 72 Figures spread through 217 Pages and in-depth TOC on "Automated Material Handling Equipment Market - Global Forecast to 2023"
Early buyers will receive 10% customization on this report
The factors driving the growth of the market include the reduction in labor cost through the advancement in robotics, growing emphasis on safety of workers on the production floor, rising e-commerce industry, and the increasing need for automation in various industries.
"Robots to hold the largest size of the overall automated material handling equipment market by 2023"
Robots accounted for the largest share of the automated material handling equipment market in 2016. The end-user industries using robots in their production processes have typically seen a significant transformation in their productivity and efficiency with higher levels of output, product quality, and flexibility. The Qianmo robots were deployed by Shentong Express Co., Ltd. (China), a Chinese shipping company. With the implementation of Qianmo robots, Shentong Express Co., Ltd. was able to reduce 50% of labor cost.
Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=92483121
"Automated material handling equipment market for packaging to grow at a high rate between 2017 and 2023"
The automated packaging systems are capable of working with various packaging designs and multiple pack sizes for different products. They can optimize packaging of small, large, and fragile products in a speedy manner by eliminating human error while ensuring zero variation in the packaging process. This factor is expected to increase their adoption in the future.
"APAC expected to hold the largest size of automated material handling equipment market between 2017 and 2023"
The increasing popularity and superior results of automation encourage more companies in APAC to install automated material handling equipment. Furthermore, in countries such as China and Japan, the manufacturers and suppliers are increasing their investments for installing automated material handling equipment at warehouses and distribution centers, which is contributing to the growth of the market in APAC.
Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=92483121
The major players operating in the automated material handling equipment market are Daifuku Co., Ltd. (Japan), Hyster-Yale Material Handling, Inc. (US), Jungheinrich AG (Germany), KION Group AG (Germany), and Toyota Industries Corporation (Japan), among others. Some of the key innovators in the market are Addverb Technologies (India), Avancon SA (Switzerland), and iFuture Robotics Private Ltd. (India).
Browse Related Reports
Automated Guided Vehicle Market by Type (Unit Load Carrier, Tow Vehicle, Forklift Truck, Pallet Truck, Assembly Line Vehicle), Navigation Technology, Battery Type, Industry, Application, & Region - Global Forecast to 2022
Warehouse Robotics Market by Type (Mobile, Articulated, Cylindrical, SCARA, Parallel, Cartesian), Software, Function (Pick & Place, Palletizing & Depalletizing, Transportation, Packaging), Payload Capacity, Industry, and Region - Global Forecast to 2022
Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets