Rising Labour Cost and Stringent Government Regulations Regarding Labour Safety Across the Globe and Strong Recovery in Global Manufacturing are expected to drive Global Automated Material Handling Market in the forecast period of 2019 to 2026

Global automated material handling market is expected to grow a substantial CAGR of 7.9% in the forecast period of 2019 to 2026.

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Drivers: Global Automated Material Handling Market

  • Rising labour cost and stringent government regulations regarding labour safety across the globe
  • Strong recovery in global manufacturing

Restraint

High switching and integration cost

Opportunity

Rising demand for order personalization and customization

Challenge

Lack of qualified workforce to manage the automation in manufacturing

Market Trends

  • On the basis of offering, the market is segmented into system, software and services. The system segment is expected to grow at the highest CAGR in the forecast period of 2019 to 2026.
  • On the basis of system type, the market is segmented into unit load material handling systems, bulk load material handling systems.
  • On the basis of function, the market is segmented into transportation and storage.
  • On the basis of industry, the market is segmented into automotive, metals and heavy machinery, food and beverages, chemicals, semiconductor and electronics, pharmaceuticals, construction, paper, regular retail, E-commerce and others.

Major Players: Global Automated Material Handling Market

Some of the prominent participants operating in this market are GreyOrange pte ltd., GEEK+ INC., Scallog, Eiratech Robotics, Dematic, Witron, TGW Logistics Group, Knapp AG, Arcadis, Mecalux, S.A., Naumann/Hobbs Material Handling, Conveyco, Daifuku co., ltd., IAM Robotics, Material Handling Systems, Swisslog Holding Ltd., Schaefer Systems International, Amber Industries Limited, Advanced Automated Systems, Inc., Taylor Material Handling & Conveyor, l3 Technologies, Inc.