North America Automated Material Handling Equipment Market to Grow at a CAGR of 8.24% to 2021

MarketResearchNest.com adds “Automated Material Handling Equipment (AMHE) Market In North America 2017-2021” new report to its research database. The report spread across 69 pages with table and figures in it.

Research analysts forecast the automated material handling equipment market in North America to grow at a CAGR of 8.24% during the period 2017-2021.
About Automated Material Handling Equipment (AMHE)
Automated Material Handling Equipment (AHME) refers to the diversified range of products that use automation for reducing and eliminating human efforts in transportation and storage of materials or products. The AMHE products enhance the efficiency of the workflow in the manufacturing industry, streamlines the supply chain by increasing effectiveness of the distribution channels, and efficiently manage warehouse or distribution centers for optimum utilization of the resources in the warehouse.
Covered in this report
The report covers the present scenario and the growth prospects of the automated material handling equipment market in North America for 2017-2021. To calculate the market size, the report considers new installations value of the AMHE sold in the market.
Browse full table of contents and data tables at https://www.marketresearchnest.com/Automated-Material-Handling-Equipment-AMHE-Market-in-North-America-2017-2021.html

Technavio’s report, Automated Material Handling Equipment (AMHE) Market in North America 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio Announces the Publication of its Research Report – Automated Material Handling Equipment (AMHE) Market in North America 2017-2021

Technavio recognizes the following companies as the key players in the automated material handling equipment market in North America: Daifuku, Dematic, Intelligrated, SSI Schaefer, and Vanderlande.

Other Prominent Vendors in the market are: BEUMER Group, Dearborn Mid-West Company, Fives Group, FlexLink, Kardex Group, KNAPP AG, Legris Industries, Mecalux, Swisslog, and TGW Logistics Group.

Commenting on the report, an analyst from Research team said: “One trend in the market is increased use of robotics systems driving toward Cobotics. Robotics system is expected to witness the highest growth rate during the forecast period. This is because companies from various industries are buying or investing in the robotics system. Robots are employed in various industries to complement workers rather than replace them. They form a team of man and machine for performing complex parts of the assembly process easier, faster, and safer.”
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According to the report, one driver in the market is increased automation in various industrial segments. Material handling equipment is becoming more automated and integrated for designing complete systems. Various end-user segments, such as automotive, chemical, aviation, semiconductors and electronics, e-commerce, food and beverage, and healthcare industries are adopting automated systems in their supply chain. AMHE is used throughout the product lifecycle, from manufacturing to storage, distribution, consumption, and disposal for increasing the efficiency of the entire supply chain.

Further, the report states that one challenge in the market is high initial investment. In a volatile economic growth scenario, it may be difficult for the manufacturers to bear the initial cost of investment in AMHE if demand decreases. SMEs that are looking to enhance their manufacturing and distribution capacity are refraining from using AMHE because of its high cost, coupled with higher maintenance cost that needs to be incurred at regular intervals. Even large enterprises are cutting their cost by exploring options, such as availing services of rented industrial robots, acquiring AMHE on the rental basis, and choosing second hand AMHE over the new AMHE units.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

 

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