Portland, OR -- (SBWire) -- 02/23/2018 --A new report published by Allied Market Research, titled, Automated Material Handling (AMH) Equipment Market: Global Opportunity Analysis and Industry Forecast, 2014 - 2022, projects that the global automated material handling equipment market size is expected to reach $39,060 million by 2022. Robotic systems dominated the global market in 2015, and is expected to maintain this trend from 2016 to 2022. Europe is expected to dominate the market throughout the forecast period due to increase in demand for automated technologies in manufacturing industries.
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The automated material handling equipment industry is expected to grow due to increase in industrial automation in safe transportation of materials. The development of new automated guided vehicle offering reduced operating costs, battery free option, high return on investment, and safety features are expected to have substantial impact on the market growth.
Key findings of the study:
- In 2015, robotics system accounted for the maximum market revenue, and is projected to grow at a CAGR of 8.4% during the forecast period.
- E-commerce industry segment is expected to grow at a significant CAGR of 8.0%, owing to increased use of automated guided vehicles for order fulfilment.
- Packaging application segment is anticipated to be the fastest growing segment in automated material handling equipment market during the period from 2016 to 2022.
- Germany is the major shareholder in the Europe automated material handling equipment industry, accounting for around 35.2% share in 2015.
The automated material handling manufacturing industries have focused to expand their business operations in the emerging countries by adopting various strategies, such as acquisition and contact/agreement. They have focused on designing modular automated material handling equipment to meet the demand for flexibility of the customers. The major players profiled in this report include 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.
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Automated Material Handling Equipment Market to Reach $39,060 Million Globally, by 2022
Automated Material Handling Equipment Market size was valued at $22,520 million in 2014 and is expected to reach $39,060 million by 2022.