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The demand for automation is expected to register strong growth over the forecast period owing to increase in demand for the e-commerce industry, growing automation applications at warehouses for many operations mainly packaging, storage in order to reduce downtime and increase operational efficiency, growth in logistics and transportation industries. Furthermore, integration of technologies such as the Internet of Things, cloud data storage, big data and artificial intelligence in equipment are also contributing to fuel the market for automated material handling the equipment.
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Similarly, leading players are investing in the research and development activities and launching new advanced solutions to strengthen their market reach and to maintain their position in the competitive market. For instance, in March 2015, Daifuku Co. Ltd invested around US$ 75 Mn in research and development in order to accelerate material handling system advancements.
Key players operating in the global automated material handling equipment market are BEUMER Group, Cargotec, Daifuku Co., Ltd, Kion Group, Crown Equipment Corporation, Honeywell Intelligrated, FlexLink, Hytrol Conveyor Company, Inc., JBT and among others.
By System Hold
· Unit Load
· Bulk Load
· Food & Beverages
· Semi-conductors & Electronics
· North America (the USA and Canada and Rest of North America)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
The Asia Pacific is experiencing dominance in global automated material handling equipment market, owing to the parameters such as growth in demand of automotive and manufacturing process units. Additionally, an increase in manufacturing capacities and adoption of material handling methods to enhance production capabilities in many countries mainly South Korea, China, and Taiwan are propelling the growth of the market. For instance, the Coca-Cola company opened warehouses in Singapore valued around US$ 57 Mn to have automated storage and retrieval systems.
North America is anticipated to witness a substantial increase in the forecasted period, owing to the increase in sales from this region through e-commerce market, increase in demand for durable and non-durable goods eventually compel manufacturing companies to adopt extensive assembly lines and material handling equipment. Furthermore, the demand for automated warehouse practices in this region is accelerating the growth of the market.