Material Handling Equipment Market worth 44.68 Billion USD by 2022

1. MarketsandMarkets Presents • Material Handling Equipment Market worth 44.68 Billion USD by 2022 • According to the new market research report "Material Handling Equipment Market by Product Type (AGV, ASRS, Automated Crane, Robotic System, Automated Conveyor and Sortation System), System Type, Software and Service, Operation, Application, and Geography - Global Forecast to 2022", the automated material handling equipment market is estimated to reach USD 44.68 Billion by 2022, at a CAGR of 7.9% between 2016 and 2022. • Browse 76 market data tables with 79 figures spread through 187 pages and in-depth TOC on"Material Handling Equipment Market - Global Forecast to 2022"

2. “Robotic system expected to lead the automated material handling equipment market between 2016 and 2022” Robotic systems reduce labour cost, help prevent injury to personnel, and provide high return on investment. Moreover, a robot can do the work of four manual labourers, which results in further cost reduction. Get More Information@ http://www.marketsandmarkets.com/Market-Reports/automated-material-handling-manufacturing-market-92483121.html Early buyers will receive 10% customization on reports. “Automotive application expected to hold the largest share of the AMH equipment market during the forecast period” Automated material handling equipment plays a vital role in the automotive industry by improving production processes, lowering labor intensity, and ensuring timely delivery of materials. AMH equipment such as AGVs, ASRSs, automated conveyors, and robotic systems are used to fulfil the manufacturers’ and suppliers’ requirements related to automated material handling capacity such as Just-in-Time (JIT) delivery of raw material, computerized control of received assembled parts, and tracing shipped articles within the factories and storage places.

3. The major players involved in the automated material handling equipment market include Bastian Solutions, LLC. (U.S.), BEUMER Group GmbH & Co. KG (Germany), Dematic GmbH & Co. KG (Germany), Daifuku Co., Ltd. (Japan), Hyster-Yale Materials Handling, Inc. (U.S.), Jungheinrich AG (Germany), JBT Corporation (U.S.), KION Group AG (Germany), KUKA AG (Germany), and Toyota Industries Corporation (Japan). Download PDF Brochure@ http://www.marketsandmarkets.com/pdfdownload.asp?id=92483121

4. “APAC expected to be the largest and fastest-growing market for automated material handling equipment between 2016 and 2022” • The growth of the AMH equipment market in the APAC region is attributed to the increase in production facilities and the expansion of plants across APAC countries. • The increase in production facilities and the expansion of plants is driving the market for automated material handling across the APAC countries. Further, in the APAC region, governments are increasingly emphasizing on safety and security on the production floor which can be best achieved by the implementation of AMH equipment. • In countries such as China and Japan, the AMH equipment market is expected to witness a high growth rate owing to the increasing investments by manufacturers & suppliers for installing AMH equipment at warehouses and distribution centres. • The cost of average material handling equipment is quite high, which discourages manufacturing companies from choosing high-end automated material handling systems. Furthermore, as AMH equipment is available on lease in the market at a lower price than new equipment, AMH end users generally prefer to implement used equipment instead of new AMH equipment, which is expected to hinder the growth of the market.

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