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.
Some of the factors responsible for the growth of this market are:
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:
“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.
Global Automated Material Handling Equipment Market - Industry Trends and Forecast to 2026