Global $28.16 Million Automated Material Handling Market 2016-2022 - Opportunity, Analysis, Market Shares And Forecasts - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Automated Material Handling Market Insights, Opportunity, Analysis, Market Shares And Forecast 2016 - 2022" report to their offering.

The global automated material handling market was estimated to be $28.16 million in the year 2016. It is further estimated to reach $48.26 million by the year 2023.

The global automated material handling market is estimated to grow with the CAGR of 8.0% during the period 2016-2023. The major factors that are augmenting the growth of the global automated material handling market are increasing demand for automated solution, increasing focus towards safe working environment, advancement in technology, reduction in labor cost via advancement in robotics etc.

However, high capital requirement, high maintenance cost of systems and equipments, real time technical challenges are holding back the growth of the market.

Market Determinants

Market Drivers

  • Increasing Demand for Automated Solution
  • Increasing Focus Towards Safe Working Environment
  • Advancement in Technology
  • Reduction in Labor Cost Via Advancement in Robotics

Market Restraints

  • High Capital Requirement
  • Availability of Automated Guided Vehicles On Lease
  • High Maintenance Costs of Equipment And Systems

Market Opportunities

  • Increasing Demand from E-Commerce Sector
  • Increasing Demand of Customized Agv'S

Market Challenges

  • Real Time Technical Challenges
  • Lack of Skilled Professionals

Companies Mentioned

  • Amerden Group
  • Bastian Solution Llc
  • Beumer Group Gmbh & Co Kg.
  • Daifuku Co. Ltd.
  • Dematic Gmbh & Co. Kg
  • Hyster-Yale Materials Handling Inc.
  • Intelligrated
  • JBT Corporation
  • Jungheinrich Ag
  • Kion Group Ag
  • Kuka Ag
  • Mitsubishi Caterpillar Forklift America
  • Swisslog Holding Ag
  • Toyota Industries Corporation
  • Transbotics

For more information about this report visit http://www.researchandmarkets.com/research/zm8h65/global_automated

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Industrial Automation , Material Handling Equipment

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Industrial Automation , Material Handling Equipment