Material Handling Equipment Market Worth 44.68 Billion by 2022 – Increasing Demand for Automated Systems – Research and Markets
By Business Wire News
By Business Wire News
Research and Markets has announced the addition of the “Material Handling Equipment Market – Global Forecast to 2022” report to their offering.
The automated material handling equipment market is expected to grow at a CAGR of 7.9% between 2016 and 2022 and reach USD 44.68 billion by 2022.
The key driving factors for the growth of the automated material handling equipment market are increasing demand for automated systems, advancement in technology, reduction in labor and manufacturing costs, enhanced quality of products, improved safety and working conditions, and increased profitability.
The market for automated guided vehicle (AGV) is expected to grow at the highest CAGR between 2016 and 2022. The growth of the AGV market is mainly driven by the introduction of intelligent and customized AGVs, high throughput rates, optimization of logistic systems, increased reliability, and reduced operating costs.
The growth of the automated material handling equipment market in APAC is attributed to the increasing investments by manufacturers & suppliers for installing AMH equipment at warehouses and distribution centers. The increasing popularity and superior results of automated equipment are encouraging more companies in APAC to install automated material handling equipment.
Moreover, the economic growth of APAC has benefited the manufacturing sector which is a primary end user of automated material handling equipment.
- Bastian Solutions, LLC
- Beumer Group GmbH & Co. Kg
- Daifuku Co., Ltd
- Dematic GmbH & Co. Kg
- Hyster-Yale Materials Handling, Inc.
- JBT Corporation
- Jungheinrich AG
- KUKA AG
- Kion Group AG
- Toyota Industries Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 AMH Equipment Market, By Product Type
8 AMH Equipment Market, By System Type
9 Software & Services Used in AMH Equipment Market
10 AMH Equipment Market, By Operation
11 AMH Equipment Market, By Application
12 AMH Equipment Market, By Geography
13 Competitive Landscape
14 Company Profiles
For more information visit http://www.researchandmarkets.com/research/82bn97/material_handling
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