According to a new report Global Automated Material Handling Equipment Market, published by KBV research, The Global Automated Material Handling Equipment Market size is expected to reach $76.3 billion by 2026, rising at a market growth of 13.1% CAGR during the forecast period.
WMS segment would showcase a promising growth rate in the AMH equipment market during the forecast period. The demand for WMS is expected to witness a surge due to the increasing awareness regarding WMS among small & medium-sized enterprises (SMEs), rising globalization of supply chain networks, and growing deployment of cloud-based WMS solutions. Moreover, the growth of the WMS segment would be accelerated by the growing demand for advanced warehousing & logistics infrastructure.
Based on industry, the automotive segment obtained the highest revenue share of the global automated material handling equipment market in 2019. The requirement of sustained availability of components & spare parts, just-in-time (JIT) delivery of materials and a decrease in the cost of inefficient labor are boosting the growth of the automotive industry segment. The automotive industry is one of the most emerging industries regarding the utilization of automated equipment.
APAC is anticipated to be the highest growing region for the AMH equipment market. The growth of the APAC region is owing to the booming e-commerce industry, increasing awareness regarding warehouse automation, the rising emphasis of key countries like China and Japan on robotics & automation. The development of the AMH equipment in APAC is due to the high growth of e-commerce, automotive, food & beverages, and healthcare industries in developing countries. The Europe market is estimated to grow at a CAGR of 12.7% during (2020 - 2026). Additionally, The North America market would showcase a CAGR of 12.9% during (2020 - 2026).
Full Report: https://www.kbvresearch.com/automated-material-handling-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Daifuku Co., Limited, Kion Group, Knapp AG, Toyota Industries Corporation, Honeywell International, Inc., Hyster-Yale Materials Handling, Inc., Kuka AG, BEUMER Group GmbH & Co. KG, Murata Manufacturing Co., Ltd., and John Bean Technologies Corporation.
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