Automated Material Handling System
involves short-distance movement that takes place within the confines of the building such as a warehouse or plant and between a building and a transport agency. The primary objective of Material Handling is to reduce the time for transportation and utilization of space. It is done through handling, storage and control of material during the production process. Though Material Handling is not involved directly in manufacturing of goods, it contributes through other factors as mentioned above. It comprises of various components such as Cranes, Conveyor Belts, Trucks, Pipelines and others.The Report Automated Material Handling Market
is segmented into five verticals, namely: By Products, By System type, By Operation, By Application and By Geography. The Automated Material Handling System is segmented into types of products such as Automated Guided Vehicle, Automated Storage and Retrieval Systems, Automated Cranes, Robotics, Automatic Conveyor and Sortation system. It is divided in terms of System type among Unit Load MHS and Bulk Load MHS. The Report is segmented By Operation that includes Assembly, Packaging, Transportation, Distribution, Storage and Sorting. The Report also discusses about the vivid applications such as General Manufacturing, Semiconductors and Electronics, Food Industry, Aerospace, Automobiles, Life Sciences and many others. The Report gives detailed analysis on the regions like North America, South America, Europe, Asia-Pacific and Rest of the World.
Automated Material Handling Market was dominated by Europe in 2015. North America followed closely. APAC is the fastest growing market for Automated Material Handling. The reason for growth in the APAC region is due to the increase in production facilities and expansion of plants. Key players in Automated Material Handling Market are:
- Bastian Solutions, LLc (The U.S.)
- Jungheinrich AG (Germany)
- Daifuku Co. Ltd. (Japan)
- JBT Corporation (The U.S.)
- KUKA AG (Germany)
- Hyster-Yale Material Handling, Inc. (The U.S.)
- Beumer Group GmbH & CO. Kg (Germany)
The methodology of estimating the Automated Material Handling Market is mainly depended on the type of application. The Automobile Industry has the largest share of the total Automated Material Handling Equipment. The Market share is also depended on the products. Robotics System is expected to lead the market in the coming years. Simultaneously, the companies involved are also studied from the perspective of their product portfolio, annual turnover and few other parameters to verify the estimations. The data is verified by industry experts on technical and market levels.