Generally, the term material handling refers to the short distance mobility between a building and an automobile, and within the precincts of buildings. The material handling equipment and systems are mechanical equipment and systems utilized to store, move, control and safeguard materials, good and products during the course of circulation, manufacturing, clearance and consumption. This introduces the utility by means of handling, storage and control of materials. Moreover, the automated material handling equipment removes the requirement for the human interference in a material handling procedures. Furthermore, many of the players in this market are doing significant developments in the technology of equipment making at reasonable price which further increase the demand and decrease the intervene of the human body. This also leading the fastest market growth and dominating the high value of market share around the globe throughout the forecasted period more positively.
According to the report analysis, ‘Global Automated Material Handling Equipment and Systems Market Size Study, By Product (Aluminum, Glass and others), By Type (Stick-built, Semi-unitized, Unitized), By End-Use (Commercial and Residential), and Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2017-2025 (USD Billion/Million)’ states that there are several key players which are recently functioning in this sector more actively for registering the fastest market growth and dominating the high value of market share around the globe more significantly while developing the techniques of handling the workforce for increasing the production at a reasonable price and developing the systems for increasing the efficiency of the outcome includes Kion Group AG, Toyota Industries Corporation, Hanwha Corporation, Kuka AG, Fives, Knapp AG, Murata Machinery, Ltd., SSI Schaefer Group, John Bean Technologies (JBT) Corporation, TGW Logistics Group GmbH and several others. Moreover, many of the players in this market are planning to invest the high amount of money for introducing the new and innovative product and services which further increase the demand and generate the high amount of revenue in the short span of time.
The Global Automated Material Handling Equipment and Systems Market industry valued around USD 30.6 billion in 2016 is predicted to increase with a healthy growth rate of more than 7.9% over the forecast period of 2017-2025. Moreover, the global market of automated material handling equipment and systems is sectored into different segments which majorly includes product, end use and region. Whereas, based on the product, the market is further split into robot, automated storage and retrieval systems, automated conveyors and sortation systems, automated cranes and automated guided vehicles while, basis on the end use the market is split into automotive, food and beverages, chemicals, semiconductor and electronics, healthcare, e-commerce and several others. Nevertheless, the Manufacturing and automotive are registering the market at present, together comprising of a mainstream of the market share. Owing to the rapid rise in the demand for products of e-commerce, the retail sector is anticipate to account for the highest rate of growth.
Although, the significant increase in the industrialization and real estate developments are the foremost reason behind the growth of this market. Additionally, growing demand for production measurements is also likely to propel the market growth over the forecast period. Therefore, in the near future, it is expected that the market of automated material handling equipment and systems will increase around the globe more positively over the recent few years.
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Global Automated Material Handling Equipment and Systems Market
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