Automated Material Handling Market Worth $30,942.72 Million by 2020 - New Report by MarketsandMarkets
(PRWEB) April 09, 2015 -- Automated material handling provides many advantages such as improved production quality, elimination of manual labor, reduced labor and manufacturing costs, improved safety and efficiency, maximization of floor space, and increased level of profits.
Browse 76 market data tables and 81 figures spread through 187 pages and in-depth TOC on “Automated Material Handling Market in Manufacturing - Forecast to 2020"
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A key driving factor for the growth of the AMH market in manufacturing is that it can minimize manufacturing cost by reducing human involvement. Besides, several other factors such as increased number of manufacturing facilities, introduction of wireless power technology in AGV, and improved safety and working conditions also propel the growth of the market. However, there are some restraining factors for the growth of AMH in manufacturing such as high capital expenditure and technical glitches. The requirement of operational maintenance and relatively higher maintenance cost is a major challenge for the AMH market in manufacturing.
The AMH market in manufacturing report analyzes the market by product, system type, operation, application, and region. The AMH products have been segmented into AGV, AS/RS, automated conveyor & sortation system, robotic system, automated crane, and software & services. The system type includes unit load material handling and bulk load material handling systems. The operation covers assembly, packaging, transportation, distribution, storage, and waste handling. The applications include automotive, chemical, aviation, semiconductor & electronics, energy, food & beverages, healthcare, metal & heavy machinery, and others (paper & printing, textile & clothing).
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This report gives a detailed view of the market across geographies, namely, North America, Europe, Asia-Pacific, and RoW. Europe dominates the AMH market in manufacturing in terms of revenue generation with the highest market share of 40% in 2014; it is expected to grow at a CAGR of 7.46% between 2015 and 2020.
The major players involved in the development of AMH market in manufacturing include Toyota Industries Corp. (Japan), KION Group AG (Germany), Hyster-Yale Material Handling, Inc. (U.S.), Daifuku Co., Ltd. (Japan), Jungheinrich AG (Germany), KUKA AG (Germany), Dematic GmbH and Co., Ltd. (Germany), and Bastian Solutions (U.S.).
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