Advertisement

Topics

Global Automated Material Handling AMH Market Segmented by Product type Automated storage retrieval system, Automated guided vehicle, Conveyor, Palletizer and Sortation system, by End User Automotive, Food Beverages, Retail and General Manufacturing an

01:56 EDT 14 Jul 2018 | BioPortfolio Reports

The global automated material handling AMH market was valued at USD 40403.78 million in 2017 and is expected to reach a value of USD 68991.5 million by 2023 at a CAGR of 11.29%, over the forecast period 2018 2023. Advances in global industrial production, rapid growth in the number of industrializing countries, increasing emphasis on workplace safety, and rapid growth in the ecommerce industry are expected to raise the need for automated material handling equipment during the forecast period. With high differentiation between products, and continuous decrease in the price of commodities by vendors, a high level of competition has been created in the market.

Currently, to penetrate further into this fragmented market, AMH manufacturers are increasingly spending on RD activities to achieve product differentiation and produce highly efficient AMH systems. However, challenges, such as high capital expenditure, reluctance to change, and technical glitches are expected to affect the market's growth in the near future.


Increasing Manufacturing Activity and Miniaturization of Material Handling Equipment to Drive the Growth


With the increase in the global population and rise in personal incomes, the demand for various products is expected to witness significant growth. Increasing investment in various industries in developing countries, such as China, India, etc. is also expected to contribute significantly to the rise in demand for AMH equipment. Substantial gains in automated equipment demand are expected to influence the manufacturers to shift their preferences toward the products that enhance productivity and are flexible for integration into automated warehouses. Rising efforts among end users to reduce labor costs, particularly in developed markets such as the United States, are expected to impact the growth of the automated material handling industry.


Retail Segment to Lead the Global Automated Material Handling Market


With the increase in the number of stock keeping units SKUs, the size of the warehouse has increased considerably, making it difficult for warehouse workers to perform their tasks proficiently. To counter this difficulty, warehouse automation has proven to be the perfect choice for retailers and manufacturers. Additionally, many retailers are using automation in both the front and back office to help deliver digital transformation, decrease cost and increase operational efficiencies. Especially, enterprise retailers are in a strong position to test new growth initiatives, implement new technologies, and improve shopper engagement, by employing AMH equipment in their production line.


Key Developments in the Market


September 2017 Zamb Higiene, an organization which manufactures, distributes, and sells more than four thousand industrial hygiene and cleaning products, has hired Mecalux to supply and install the highdensity Pallet Shuttle system. The Pallet Shuttle is a semiautomated, highdensity storage system where an electric shuttle runs along the rails inside the storage channels, carrying out the loading and unloading of pallets autonomously.

September 2017 Grenzebach Maschinenbau GmbH announced that it has agreed to sell VENTECH Systems GmbH, a leader in automated tire inspection technology, to the Goodyear Tire Rubber Company. Postacquisition, Grenzebach invested in the further development of the inspection system, which attracted new customers. In close collaboration with Goodyear's innovation centres in the United States and Luxembourg, the tire inspection system was qualified and tested on customer installations.

March 2017 Yamazaki Mazak Corporation, a Japanese machine tool builder, based in Oguchi, and Murata Machinery, Ltd. collaborated in the development of the MAZATEC SMS Smart Manufacturing System. This collaboration is expected to pool the internal factory material handling technology of Murata Machinery, Ltd. with the advanced horizontal machining centers and multitasking machine tools of Yamazaki Mazak Corporation into one masterpiece technology.



Reasons to Purchase this Report


How the growth in ECommerce industry act as a driver to the global market scenario?

Analyzing various perspectives of the market with the help of Porter's five forces analysis

Which product type is expected to dominate the market?

Which regions are expected to witness the fastest growth during the forecast period?

Identify the latest developments, market shares and strategies employed by the major market players.

Three months analyst support along with the Market Estimate sheet in excel.


Customization of the Report


This report can be customized to meet your requirements.

Original Article: Global Automated Material Handling AMH Market Segmented by Product type Automated storage retrieval system, Automated guided vehicle, Conveyor, Palletizer and Sortation system, by End User Automotive, Food Beverages, Retail and General Manufacturing an

NEXT ARTICLE

More From BioPortfolio on "Global Automated Material Handling AMH Market Segmented by Product type Automated storage retrieval system, Automated guided vehicle, Conveyor, Palletizer and Sortation system, by End User Automotive, Food Beverages, Retail and General Manufacturing an"

Advertisement
Quick Search
Advertisement
Advertisement

 

Relevant Topics

Food
Food is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is ingested by an organism ...

Biotechnology Business
Alliances Astrazeneca Bioethics Boehringer Clinical Research Organization Collaborations GSK Johnson & Johnson Lilly Merck Mergers and Acquisitions Nexium Novartis Pfizer Roche Sanofi ...