DUBLIN--(BUSINESS WIRE)--The "Global Automated Material Handling (AMH) Market - Segmented by Product type, by End User and Region - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global automated material handling (AMH) market was valued at USD 40,403.78 million in 2017 and is expected to reach a value of USD 68,991.5 million by 2023 at a CAGR of 11.29% over the forecast period 2018-2023.
Advances in global industrial production, rapid growth in the number of industrializing countries, increasing emphasis on workplace safety, and rapid growth in the e-commerce industry are expected to raise the need for automated material handling equipment during the forecast period. With high differentiation between products and continuous decrease in the price of commodities by vendors, a high level of competition has been created in the market.
Currently, to penetrate further into this fragmented market, AMH manufacturers are increasingly spending on R&D activities to achieve product differentiation and produce highly efficient AMH systems. However, challenges, such as high capital expenditure, reluctance to change, and technical glitches are expected to affect the market's growth in the near future.
With the increase in the global population and rise in personal incomes, the demand for various products is expected to witness significant growth. Increasing investment in various industries in developing countries, such as China, India, etc. is also expected to contribute significantly to the rise in demand for AMH equipment.
Substantial gains in automated equipment demand are expected to influence the manufacturers to shift their preferences toward the products that enhance productivity and are flexible for integration into automated warehouses. Rising efforts among end users to reduce labor costs, particularly in developed markets such as the United States, are expected to impact the growth of the automated material handling industry.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Automated Material Handling Market Segmentation
6. Company Profiles
- Kardex Remster
- Daifuku Co. Ltd.
- Dematic Corp.
- Bastian Solutions Inc.
- Beumer Group Gmbh & Co. KG
- Vanderlande Industries
- Fives Group
- Mecalux S.A.
- Knapp AG
- Witron Logistik + Informatik GmbH
- Schaefer Holding International GmbH
- TGW Logistics Group GmbH
7. Future of Global Automated Material Handling Market
For more information about this report visit https://www.researchandmarkets.com/research/ds7qxl/global_automated?w=4