Global Automated Material Handling Equipment Market: Increasing Adoption of AMH Equipment in Different Industries Uplifts the Market Growth

Global Automated Material Handling Equipment Market

Automated material handling (AMH) is a technology that decreases or reduces the need for people to check in, check out, and arrange material, or transfer totes and bins carrying library contents. Some of the common equipment which is used in the AMH is sorters, stackers, totes, trolleys, singulators and other. There main function is to store, control, and protect the goods & material during the process of distribution, transportation, manufacturing or other. They usually simplify the method and are highly adopted by many industrial facilities because they have the ability to increase their profits, operations and also provide safety to the workers. They are widely used in industries such as food & beverage, chemicals, semiconductor, healthcare, aviation among others.

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Some of the factors responsible for the growth of this market are:

• Enhanced acceptance of AMH equipment between many leading industries: Today many companies and organizations are adopting this AMH equipment because they can easily handle different tasks. They are very efficient, effective and economical for the businesses and offer them with both long and short time advantages. They require fewer amounts of people & manpower for different process which ultimately help the companies in saving money. It makes it easier for employees to complete assignments, which implies that they can work faster. It also optimizes work, much of which can be accomplished without direct workers involvement. It can also eliminate the need for heavy-lifting, a major contributor to accidents in the workplace
• Increasing involvement of start-up companies providing robotic solutions for warehouse automation: Warehouse automation is the automation of warehouse storage and distribution, with the help of robots and centrally managed computer systems. Today, the use of robots is becoming increasingly common in the materials handling and logistics industries. Warehouses are becoming more automated day by day because these systems are cost- efficient, make packaging & sorting easier and decrease the health & safety problems in the warehouses.

The global automated material handling equipment market is segmented on the basis of product as robots, automated storage & retrieval systems, conveyor & sortation systems, cranes, & Automated Guided Vehicles (AGV); system type as unit load material handling systems,& bulk load material handling systems; software & services as software,& services; function as assembly, packaging, transportation, distribution, storage, waste handling and industry as automotive, metals & heavy machinery, food & beverages, chemicals, semiconductor & electronics, healthcare, aviation, e-commerce, and other.

Some of the acquisitions by some prominent players in the market are:

• In April 2019, Aloi announced the acquisition of ACE and will combine their operations into the single company. This will help both the companies to meet the rising demand of the material handling sectors such as warehouses, robotics, consultative services and other. With this acquisition, they will be able enhance their product range and provide advanced solutions to their customer
• In April 2018, Daifuku Co., Ltd announced the acquisition of Vega Conveyors & Automation Private Limited. This acquisition will help the Daifuku to expand their manufacturing and distribution segment in the Asia by using the Vega resources. This will also benefits both the companies by improving their services and providing better solutions to their customers

“According to Data Bridge Market Research, global automated material handling equipment market is to register a substantial CAGR of 9.39% in the forecast period of 2019-2026”

Few of the major competitors currently working in the global automated material handling equipment market are Daifuku Co., Ltd, BEUMER GROUP, Interroll (Schweiz) AG, Kardex Group, Honeywell International Inc., KION GROUP AG, Dearborn Mid-West Company, JBT., Jungheinrich AG, Columbus McKinnon Corporation, KNAPP AG, Siemens, TGW Logistics Group, SSI SCHAEFER AG, Mecalux, S.A., System Logistics Spa, viastore systems GmbH, WITRON Logistik + Informatik GmbH, KUKA AG, Murata Machinery, Ltd., TOYOTA INDUSTRIES CORPORATION., WESTFALIA TECHNOLOGIES, INC., Seegrid Corporation, amongst other

Increasing labor cost and rising safety concerns is the major factor which is creating demand for AMH equipment. Rising level of order personalization and customization will also create new opportunities for this market. Integration of IoT with the AMH equipment is also positively affecting the market position. These are some of the factors which are creating new opportunities in the growth of this market.