Market Research Report
Automated Material Handling Equipment Market 2020-2026
|Published by||Orion Market Research Pvt Ltd||Product code||949636|
Delivery time: 2-3 business days
|Automated Material Handling Equipment Market 2020-2026|
|Published: June 22, 2020||Content info:||
Global Automated Material Handling Equipment Market Size, Share & Trends Analysis Report by Type (Hardware and Software) by System Type (Robots, Automated Storage & Retrieval System (ASRS), Conveyor and Sortation Systems, Cranes, Others) by Industry (Automotive, Food & Beverage, Chemical, Metals & Heavy Machinery, Retail, Third Party Logistics, & E-commerce, Healthcare, Others) Forecast 2020-2026
The global automated material handling equipment market is projected to witness considerable growth during the forecast period. The continuous rise in the demand for automation along with the advent of new technologies such as driverless vehicles, wireless devices and robotics among others is the key factor that is creating a huge demand for automated material handling in the end-user industry. This in turn is anticipated to drive the market growth. However, the cost of acquiring this equipment may restrain their market growth.
The global automated material handling equipment market is classified on the basis of product type, system type, and industry. Based on product type, the market is segmented into hardware and software. Based on the system type, the market is segmented into robots, automated storage & retrieval system (ASRS), conveyor and sortation systems, cranes, and others. Based on industry, the market is segmented into automotive, food & beverage, chemical, metals & heavy machinery, retail, third party logistics, & e-commerce, healthcare, and others.
Geographically, the global automated material handling equipment market is classified into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is estimated to have considerable growth in the global market during the forecast period. This growth is backed by the growing technological advancement in the field of robotics coupled with the growing industrialization. North America is anticipated to have a significant market share in the global market.
The major players operating in the global automated material handling equipment market include KUKA AG, Daifuku Co., Ltd., KION Group, Toyota Industries Corp., Murata Machinery, Ltd., Kardex Group, Honeywell International, Inc., Schaefer Systems International, Inc., and TGW Logistics Group among others. These players are actively adopting different organic and inorganic growth strategies such as new product launch, partnerships, collaboration, and mergers and acquisition among others to sustain their marketplace in the highly competitive market.
The market study of the global automated material handling equipment market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
The Report Covers: