The Automated Material Handling Market is Estimated to Hit .36 BillionPosted by Lohitha on August 13th, 2019 According to the new market research report by IndustryARC, “Automated Material Handling Market: By Products (Automated Guided Vehicle, Automatic Storage & Retrieval System, Others); By System (Unit & Bulk Load); By Application (Automobile, E-Commerce, Others); By Operation (Assembly, Packaging, Storage, Others); By Region - (2018-2023)”, the market is driven by various innovations and advancements in technology. View Full Table Of Contents Of Automated Material Handling Market: https://www.industryarc.com/Report/15492/automated-material-handling-market.html APAC continues to lead the market share and during 2018-2023. In terms of revenue contribution and growth rate, Asia-Pacific emerged out to be the global market leader for automated material handling market in 2017 and is estimated to remain the market leader throughout the forecast period followed by Europe and Americas. Asia Pacific material handling market is expected to reach $ 2.46 Billion by 2023. The high cost of labor in the Asia Pacific market and increasing demand of automation has led to soaring demand of automated handling systems from basic warehouse functions to factory applications. This section will offer a brief overview of the market segmentation of the automated material handling. Especially, the high level of factory automation in Asia-Pacific and Latin America is driving the market for AMH in manufacturing, e-commerce, food and beverage and semiconductors & electronics industry. China is the market leader in Asia-Pacific with total estimated revenue of $ 389 Million in 2017. The value chain analysis deals with the comprehensive evaluation of each activity involved in the processing of any product/service and finally delivering it to the end-users. Each stage across the value chain of a product or service is associated with creating some sort of monetary value. The value chain analysis can offer the company to examine every activity across the value chain and identify the steps where elimination or modification is essential. Once these specifications are laid down, the designing phase deals with the development and simulation of a viable system. The prototypes are passed through various iterations until the desired result is achieved. This phase is also responsible for listing the required processing technology, materials, equipment and components in order to manufacture the automated material handling system. Furthermore, successive step deals with analyzing the pre-purchase specifications of customer gathered through marketing operations. The analysis again involves lot of research pertaining to the supply chain and storage capacity management of the customer. It is followed by the step which deals with the acquisition of required components and sub-systems for the automated material handling system post which it manufactures and distributes to the customer. Next step involves installation and training, which is exhaustive process where the automated material handling system suppliers create another revenue segment. After the end-user has acquired the requisite automated material handling system, the manufacturers or other third parties offer all sort of maintenance and calibration services till the end of product life cycle. Excerpts on Market Growth Factors Mentioned in the Full Report: The multichannel supply chain strategy is an increasing trend in the current times particularly among the retail sector, is expected to drive the automated material handling systems market. Key Players of the Automated Material Handling Market: Daifuku remained the leading company in the global automated material handling market followed by Schaefer. Both the companies have a leading market position in the material handling market across the globe supported by their extensive product portfolio and presence in several regions. About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact Us: Mr. Venkateshwar Reddy Like it? Share it!More by this author |