HYDERABAD, India, August 9, 2016 /PRNewswire/ --

Mordor Intelligence announces the publication of their research report titled Automated Material Handling Systems Market. The global Automated Material Handling systems (AMH) market was valued at USD 21.06 billion in 2015, and is projected to record a CAGR of 9.72% during the forecast period, and reach a value of USD 33.49 billion in 2020.

Drivers for this market are incremental technological advancements aiding market growth and increased emphasis on workplace safety. The emergence of E-commerce, rise in demand for automation based flexible manufacturing systems and the need for customized AMH solutions in large scale organizations are the growth opportunities for this market. High initial costs and need for skilled workforce and concerns over replacement of manual labor are factors hampering the growth of automated material handling systems market.

In 2015, robotic systems dominated the AMH market with an overall share of 37.18%, followed by Automated Storage and Retrieval Systems and Conveyor Systems. The automated guided vehicles segment with AMH systems, is slated to record the highest CAGR growth of 10.69% during the forecast period. Robotic systems are projected to hold their market position until 2020, owing to their growing prominence in the retail and manufacturing sectors. AS/RS and conveyor systems are also expected to record robust growth, helped by an increased demand for material handling and storage in the manufacturing and food & beverages sector.

Europe accounted for the largest market share of 33.08% in 2015, with Germany, UK, and France emerging as forerunners to adopt AMH systems. United States holds the largest market share for AMH systems, followed by Germany and China. The Asia-Pacific region is forecasted to record the highest CAGR growth, followed by Middle East & Africa, Latin America, and North America. Rapid progress in the Asia-Pacific region among the manufacturing and industrial sectors, coupled with an increasing demand for automation, and is expected to drive the growth. North America & Europe are poised to dominate this market over and beyond the forecast period, ably aided by a greater emphasis on workplace safety & strong focus on workflow optimization.

The AMH market report includes competitive vendor landscape analysis. Daifuku dominated the AMH market which was followed by Bosch Rexroth and Murata. These three companies accounted for a market share of around 41% in 2015.

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