Global Automated material handling equipment (AMHE) Market – Forecast and Analysis by Product, Function and Industry
Automated material handling equipment (AMHE) can be defined as an integrated system including activities such as storing, handling, and controlling of materials. The key objective of material handling equipment in industries is to ensure that the material is safely delivered to the desired location at the right time and at minimum cost. The global automated material handling equipment (AMHE) has been estimated to grow at a moderately low pace during the forecast period at an approximated CAGR of 8.5%. This study focuses on the global automated material handling equipment (AMHE) market’s present state, upcoming growth opportunities, future forecast, and key market players. It further aims to provide the automated material handling equipment (AMHE) market development across all major regions worldwide.
Emergence of IIoT to contribute to the growth of automated material handling equipment (AMHE) market
As IIoT gains traction, automated material handling equipment should experience a dramatic boost in its demand. IIoT connects information technology with the production technology, owing to which it involves extensive data capture and analytics to continually optimize the operation of factories. Automated material handling is one of the most important basic technologies to supply IIoT with information. Manufacturing’s rapid adoption of IIoT has led to a renaissance in robotics and the renewed need for material handling equipment. IIoT has raised the ways on how humans and robots will collaborate together, but none of this can occur without the expanded use of technologies connecting devices, robots and humans.
E-commerce Segment Lead the Automated material handling equipment (AMHE) Market
E-commerce automated material handling equipment (AMHE) market is expected to lead the global automated material handling equipment (AMHE) market, estimated to account more than 40% of the market. The growth of e-commerce industry segment is owing to the upsurge internet and mobile phone penetration majorly in developing economies of Asia-Pacific, Latin America, and Middle East & Africa. Besides, boom in infrastructure development in these regions is also perceived to fuel growth to the material handling equipment (AMHE) market in e-commerce industry.
Recent Activities in Automated Material Handling Equipment (AHME) Market:
In May 2019, the Locus Robotics announced its collaboration with RightHand Robotics, the partnership is anticipated to provide cross-platform robotics solutions for warehouse fulfillment operators.
In May 2019, the RightHand Robotics also partnered with Capacity LLC. The partnership aimed to integrate the newest RightPick product platform with existing warehouse material handling systems from Lightning Pick.
Emerging Economies Present High-potential Investment Pockets
Geographically the market is dominated by Asia Pacific region. The growth in this region is attributed to increased demand for automated material handling equipment (AMHE) from countries like China, India, and South Korea. The key global players of automated material handling equipment (AMHE) market are Daifuku Co. Ltd., Siemens AG, Bosch Rexroth, Murata Machinery Ltd., Swisslog Holding AG, SSI Schaefer AG, Dematic Group S.A.R.L, Toyota Industries Corporation, JBT Corporation, and Bastian Solutions, Inc. among others. among others.