Automated Material Handling Equipment Market Value Projected to Expand by 2025

Asia Pacific automated material handling equipment market is expected to witness high growth during the forecast timespan. The increasing development of the manufacturing sector across various industries, such as automotive, metals & heavy machinery, and consumer electronics, has led to significant growth prospects. Rising government initiatives for promoting warehouse automation in countries including China and India are contributing to the larger revenue share of the industry. Moreover, manufacturers in the region are expanding their production capabilities to avoid dependency on other countries for importing machine parts. Such factors are driving the development of manufacturing industries in the region, accelerating market growth.

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The automated material handling equipment market share is expected to witness exponential growth over the forecast timespan due to the flourishing e-commerce sector. With a rise in consumers switching to online shopping, rapidly changing customer demands, and fierce competition among online retailing companies, the need for fast, accurate, and efficient customer service for delivering the products purchased is increasing. Retailers are implementing automated handling systems to increase product throughput, reduce order errors, and achieve maximum efficiencies from handling & sorting processes. Moreover, the rising demand for automated pick & place robots in logistics is contributing to the material handling equipment market demand.

Automated Material Handling Equipment Market size is anticipated to grow owing to the growing demand for warehouse automation and rising labor costs. According to the Consumer Technology Association (CTA), in 2018, the U.S. consumer industry accounted for over USD 375 billion retail revenue. With the increasing production and consumption of electronics devices, the demand for warehouse automation to improve inventory management, customer service, reduce product delivery time, and lower handling costs in manufacturing and distribution will grow. 

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Consumer electronics devices, such as LCD screens, require flexible, safe, and efficient loading and assembly with precise handling. The implementation of these automated systems for logistics/transportation applications in the electronics industry helps to boost the production output, improve quality with fewer rejects & stable production costs, and maximize Return on Investment (ROI). Moreover, these systems prove ideal for assembly and handling of small parts and products in the electronics industry.

The incorporation of advanced technologies, such as machine learning, AI, IoT, and robotics, into these systems is a major factor driving the growth of the automated material handling equipment market. The systems provide smooth & real-time order picking in manufacturing processes and help businesses to speed up their material handling processes. The implementation of advanced technologies, such as Automated Guided Vehicles (AGV), in distribution centers enables industries to process high volumes of repetitive movements of material, resulting in higher throughput. Such systems allow vehicles to make routing decisions based on the real-time feedback of environment conditions along with the ease of navigational adjustments. In addition, the use of ultrasonic sensors, visual indicators, and emergency stop buttons provides optimum safety in the environment.

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The key players in the automated material handling equipment market share include BEUMER Group GmbH & Co. KG, Daifuku Co., Ltd, Hyster-Yale Materials Handling, Inc., Fives Group, KUKA AG, KNAPP Group, Kion Group AG, Murata Machinery, Schaefer Systems International, Inc., TGW Logistics Group, and Intelligrated, Inc.,. These players are adopting various strategies to enhance product capability and expand their manufacturing facility to achieve economies of scale. For instance, in June 2017, Hyster-Yale Materials Handling, Inc., acquired Zhejiang Maximal Forklift Company Limited, a manufacturer and distributor of forklift products. The acquisition aided the company in expanding its manufacturing capabilities, developing access to competitive component, and strengthen the product portfolio to offer enhanced solutions to its customers.

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