Automated Material Handling Equipment Market to Study, Competitive Strategies, Key Manufacturers, New Project Investment and Forecast 2025
Growth in the recent years is primarily driven by the major factors, such as increasing need for improving operational efficiency and rising labor costs. Furthermore, the growth in the manufacturing sector has propelled the automated material handling equipment market growth to a significant extent. The Asia-Pacific region led the global automated material handling equipment market in 2017 and is expected to maintain the lead throughout the forecast period. This dominance is attributable to factors including rise in adoption and development of robotics and exponential growth in the e-commerce industry.
Automated Material Handling Equipment Market Insights
Enhanced focus on the manufacturing sector in the emerging economies coupled with automation integrations in the sector
The global manufacturing industry is rapidly expanding as more and newer regions are investing to adopt manufacturing plants in their localities. As per the China Federation of Logistics and Purchasing (CFLP), the global manufacturing purchasing managers’ index (PMI) accounted 55.1 in October 2017, which was down from 55.9 in September 2017 however, still at a comparatively high level. The PMI index remained above 53.5 since the beginning of 2017, signifying a sturdy recovery of manufacturing sector in developed countries, increasing industrial advancement in emerging market economies and intensifying commodities prices on the global automated material handling equipment market. Emerging economies such as China, India, Mexico, Brazil, Argentina, and Singapore have laid enhanced focus on the manufacturing industry to create jobs in the country and thereby increase GDP of their respective countries. Manufacturing initiatives such as “Make in India”, and “Make in China 2025” have ensured a healthy FDI pumping in these countries thereby enabling development. This expansion in the manufacturing industry is expected to embrace technological advancements in order to enhance the plant productivity, maintain edge with the customers and gain competitive advantage.
Booming e-commerce industry to generate more business opportunities
The development of e-commerce industry goes hand-in-hand with prosperity of the automated material handling industry. Stocking of products sold by e-commerce sellers is stored in warehouses, and to reduce time for sorting and stocking of these products, vertical lift modules, automated guided vehicles, automated storage and retrieval solutions as well as conveyor belts, seem to be the best tools. The advent of automation into other industries including manufacturing, marketing, supply chain, and more have brought a revolutionary change in the way businesses are done. Each and every aspect is now being substituted by appropriate automation mechanism that provides an opportunity to increase its work efficiency and also productivity. A spike on the demand side has forced businesses to move on to operations that take less time and increase efficiency. Also, the e-commerce industry is witnessing its peak periods and is one of the biggest users of these systems.
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This Report encloses comprehensive analysis on the market and are assessed through volume and value data validated on three approaches including top companies revenues. It concludes with precise and authentic market estimations considering all the parameters and market dynamics. Every crucial and decisive detail for the development and restriction of the market is mentioned in fine points with solutions and suggestions that may affect the market in near future. Segmentation of the market are studied specifically to give profound knowledge for supplementary market investments.
The report Automated Material Handling Equipment Market gives varied description about the segmentation of the market on the basis of segmented Dosage, Route of Administration and Application, and leads with a descriptive structure of the trends and restrictions of the various segments and sub segments. It also provides the market size and estimates a forecast from the year 2019 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Typhoid Vaccines market.
The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting Automated Material Handling Equipment Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
Leading Automated Material Handling Equipment Market Players:
- Jungheinrich AG
- Kion Group AG
- kuka AG
- Daifuku Co., Ltd.
- Hyster-Yale Materials Handling, Inc.
- BEUMER Group GmbH & Co. KG
- Hanwha Corporation
- John Bean Technologies Corporation
- Toyota Industries Corporation
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Key Elements that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Automated Material Handling Equipment Market.
- Key market trends cracking up the growth of the Automated Material Handling Equipment Market.
- Challenges to market growth.
- Key vendors of Automated Material Handling Equipment Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Automated Material Handling Equipment Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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