Adoption of Automation Technology will bolster Growth in the AMHE and Storage Systems Market in Europe by 2019: Technavio
April 6, 2015 | By Business Wire News
LONDON
Technavio has announced the publication of a new market research report on the Automated Material Handling Equipment (AMHE) and Storage Systems Market in Europe, which is expected to grow at a CAGR of 10.61 percent from 2015-2019.
About the Report
According to the latest report by Technavio, increased demand for automation technology in pharmacy and hospital applications is a major factor that is expected to boost overall market growth. Drug manufacturers and distributors are increasingly adopting automated solutions like guided vehicles and storage systems to attain higher standards in control, accuracy and traceability.
“To meet demand while maintaining the required level of quality and consistency in manufacturing, drug manufacturers are increasingly adopting AMHE and information systems to reduce supply chain inefficiencies,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes incorporation of vehicle intelligence in the system. With increased demand for AMHE, there is intense rivalry among vendors worldwide to manufacture best-in-class products with enhanced features and capabilities.
“The increased competition among market players has paved the way for the development of AMHE with increased functional competency,” says Ghaus.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2019
- Market Growth Drivers:
- Adoption of Automation Technology in Healthcare Industry
- For a full detailed list, view our report.
- Market Challenges:
- High Deployment Costs
- For a full detailed list, view our report.
- Market Trends:
- Incorporation of Vehicle Intelligence
- For a full detailed list, view our report.
- Key Vendors:
- Beumer Group GmbH
- Daifuku Co. Ltd.
- Dematic Group Sarl
- SSI Schaefer Holding International GmbH
- Swisslog
- Other Prominent Vendors:
- Bosch Rexroth
- Egemin Automation
- Kardex Remstar
- KNAPP Logistics Automation
Technaviocurrently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the storage systems market:
If you are interested in more information, please contact our media team at media@technavio.com.
Technavio Research
Jes Ellacott
Media & Marketing Executive
US: +1 630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com
