Automated Material Handling is a system which deals with the movement of a product from one place to another’s. Material handling requires on every single step of a product life cycle from the production of product to the delivery of product to the end consumers. Automated Material handling system deals with the advance technologies and machineries which reduce the time limit in the transit process. Currently, this market has been valued at US $XX billion and expected to reach US $XX billion by the end of forecasted period. This market has seen various opportunities in the Asia-Pacific region and thus expected to grow with the CAGR of XX% during the forecasted period.
Segmentation by Operation: Packaging & distribution, storage & transportation, assembly, waste management among others.
Segmentation by Software & Services: Software (WMS- Warehouse management system, TMS- Transportation management system), Services- (Maintenance & repairs, training and software up gradation)
Segmentation by Application: Automotive, foods & beverages, healthcare, chemicals, aviation, e-commerce, semiconductors and electronics among others.
Segmentation by Automated Equipment: Automated guided vehicles, automated cranes, automated storage and retrieval system, robotics system, conveyors among others.
Key Players Automated Material Handling Market:
Currently, Asia-Pacific is dominating the market of Automated Material Handling due to increase in the number of manufacturing plants in various countries of this region. Most of the countries in Asia-Pacific is in the developing phase and as a result open to the foreign investment which is allowing the foreign players of multiple domain to open the manufacturing unit in these countries. Europe is the second big market for the automated material handling followed by North America is accounts for XX% of market share.
Study Objective of Automated Material Handling Market:
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