Automated Material Handling Market in Manufacturing Worth $30,942.72 Million by 2020
01 Apr, 2015, 14:30 BST
DALLAS, April 1, 2015 /PRNewswire/ --
According to the new market research "Automated Material Handling Market in Manufacturing by Product (AGV, AS/RS, Automated Crane, Robotic System), System Type, Operation, Application (Automotive, Chemical, Food & Beverages, Healthcare, Metal Manufacturing), and Region - Forecast to 2020", Published by MarketsandMarkets, the Automated Material Handling Market in manufacturing is estimated to reach $30,942.72 Million by 2020, at a CAGR of 8.16% between 2015 and 2020.
Browse 76 market data Tables and 81 Figures spread through 187 Pages and in-depth TOC on "Automated Material Handling Market".
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The automated material handling (AMH) market in manufacturing is expected to grow at the CAGR of 8.16% between 2015 and 2020. It covers different type of products, namely, AGV, AS/RS, automated conveyor and sortation system, robotic system, automated crane, and software & services.
The automated material handling is used to reduce labor cost and manufacturing cost, eliminate human intervention, increase safety, and enable delivery on time. The automated material handling market in manufacturing has various applications, namely, automotive, chemical, aviation, semiconductor & electronics, energy, food & beverages, healthcare, metal & heavy machinery, and others (paper & printing, textile & clothing). Some of the latest trends in automated material handling include IoT (Internet of Things), big data analytics, advanced and autonomous robots and vehicles, mobile technology, digital manufacturing, and energy monitoring.
This report describes the drivers, restraints, opportunities, and challenges with respect to the AMH market in manufacturing. The factors which are driving the (automated material handling market) market in manufacturing include the increased number of manufacturing facilities, introduction of wireless power technology in AGV, and improved safety and working conditions at the manufacturing plant. The restraining factors affecting the market include the requirement of high capital expenditure and technical glitches. Improved quality of products is considered to be an opportunity for the AMH market in manufacturing. Requirement of operational maintenance and relative maintenance cost is a big challenge faced by the AMH market in manufacturing.
This report gives a detailed view of the market across geographies, namely, North America, Europe, Asia-Pacific, and RoW. Europe dominates the Automated Material Handling Market in manufacturing in terms of revenue generation with the highest market share of 40% in 2014; it is expected to grow at a CAGR of 7.46% between 2015 and 2020.
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The major players involved in the development of AMH market in manufacturing include Toyota Industries Corp. (Japan), KION Group AG (Germany), Hyster-Yale Material Handling, Inc. (U.S.), Daifuku Co., Ltd. (Japan), Jungheinrich AG (Germany), KUKA AG (Germany), Dematic GmbH and Co., Ltd. (Germany), and Bastian Solutions (U.S.).
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