According to the latest report, titled “Automated Material Handling Equipment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast’ the India facility management market is expected to exhibit a Huge CAGR during the Forecast Period. The global automated material handling (AMH) equipment market size was USD 35.80 billion in 2019 and is projected to reach USD 56.51 billion by 2027, exhibiting a CAGR of 5.7 % during the forecast period
This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Automated Material Handling Equipment Market by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Automated Material Handling Equipment Market.
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A few top players in the industry are–
- Daifuku Co.,Ltd (Headquarter:- Osaka, Japan)
- Jungheinrich AG (Headquarter: – Hamburg, Germany)
- Toyota Industries Corporation (Headquarter: – Aichi, Japan)
- BEUMER Group (Headquarter: – Beckum, Germany)
- Cargotec (Headquarter: – Helsinki, Finland)
- Kion Group (Headquarter: – Frankfurt, Germany)
- Crown Equipment Corporation (Headquarter: – Ohio, United States)
- Honeywell Intelligrated (Headquarter: – Ohio, United States)
- SSI Schaefer AG (Headquarter: – North Rhine-Westphalia, Germany)
- Hytrol Conveyor Company, Inc. (Headquarter: – Jonesboro, United States)
The report gives a precise view of the future perspective and present market demands. The report also includes facts and statistics, tables & figures referred to in this report for strategic planning which leads to the success of the organizations. In this market report, the market share that various manufacturers hold in the global Automated Material Handling Equipment Market and the market concentration is described in the report.
On the basis of Geography, the Global Automated Material Handling Equipment Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to hold a considerable share in the global Automated Material Handling Equipment Market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.
The growing number of Automated Material Handling Equipment Market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.
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Increasing Number of Product Innovations are Consequential to Advances in Automated Concepts
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the increasing applications and subsequently rising demand for automated material handling equipment across the world, there have been several product innovations in recent years, with most companies encouraged by operational efficacies of these products. In September 2018, Seegrid announced the launch of a new product in the automated material handling space. The company introduced a new vision-guided vehicle, with the aim of expanding its offerings in the automated equipment handling solutions. Increasing number of such product innovations will provide impetus to the growth of the global market in the foreseeable future.
An overview of the Automated Material Handling Equipment Market’s regional outlook:
The market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America is further subdivided into countries such as the United States and Canada. The Europe region is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific are subdivided into Asia Pacific. The Latin America region is separated into Brazil, Mexico, and the rest of Latin America, whereas the MEA region is divided into GCC, Turkey, South Africa, and the rest of MEA.
Asia Pacific Currently Dominates the Market; Increasing Number of Warehouses will Emerge in Favor of Market Growth
The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific currently dominates the market. The increasing number of building and construction activities has had a massive impact on the growth of the regional market. The increasing number of warehouses in several countries across this region will emerge in favor of market growth. As of 2019, the market in Asia Pacific was worth USD 15.07 billion and this value is projected to rise at a considerable pace in the coming years.
- What is the driving factor for the growth of the Automated Material Handling Equipment Market?
- How will the COVID-19 pandemic impact the demand and consumption of the Automated Material Handling Equipment Market?
- What is the major application area of the Automated Material Handling Equipment Market?
- Who are the Automated Material Handling Equipment Market manufacturers across the globe?
- Which geographical location is dominant in the Automated Material Handling Equipment Market?
- Which are the top industry players in the Automated Material Handling Equipment Market?
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