DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/tw4k2q/global_automated) has announced the addition of the "Global Automated Material Handling Equipment Market 2015-2019" report to their offering.
The global automated material handling equipment market to grow at a CAGR of 4.61% in terms of revenue over the period 2014-2019.
This report covers the present scenario and the growth prospects of the global automated material handling equipment market for the period 2015-2019. The report covers six major segments: AGVs, AS/RSs, conveyor systems, palletization, pick systems, and sortation systems. To calculate the market size, this report covers revenue generated by automated material handling equipment vendors through the sales and manufacturing of automated systems.
One major trend being witnessed in this market is increased R&D spending by manufacturers. Manufacturers are re-investing in R&D activities to create product differentiation and produce highly efficient automated material handling systems.
According to the report, one of the main factors that have impact on the market affirmatively is financial benefits to end-users. Automated material handling equipment enables end-users to receive financial benefits in numerous ways such as revenue enhancement, capital utilization, and reduction in operating cost.
Further, the report states that one key challenge that restricts the growth of the market is high initial investment. High initial investment is required in acquiring automated equipment such as AGV systems and there are additional costs of up-front engineering.
- SSI Schaefer
- Vanderlande Industries
Other Prominent Vendors
- Beumer Group
- Dearborn Mid-West Conveyor
- Fives Group
- Knapp Logistik Automation
- Legris Industries
- Murata Machinery
- TGW Logistics Group
- Viastore Systems
For more information visit http://www.researchandmarkets.com/research/tw4k2q/global_automated