The Global Automated Material Handling Systems market is valued at USD XX. XX billion in 2016 and is expected to reach a value of USD XX. XX billion by the end of 2022, growing at a projected CAGR of 11 % during the forecast period of 2017 – 2022. Automated material handling refers to the usage of electronic equipment and automated machinery to manage the material processing. It reduces human efforts for operations like production, handling, storing and shipping of the materials. Primary goals of AMHS are the improvement of productivity, product quality, workers ' safety, reduction in operating costs, labor costs, manufacturing lead time, etc. Automated guided vehicles, conveyors, computerized inventory systems, scanning and sorting machinery, robots in toxic environments, shipping and receiving equipment, etc., are a few examples of AHMS.
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The automated material handling systems market has been driven by many factors such as rapid rising rate of automation adaption in many industrial sectors across the world, improved safe working conditions in industrial facilities, developments in areas like robotics, wireless technologies, flexible electronics, driverless vehicles, etc. The expanding applications of e- Commerce prompt the firms to react quickly regarding outgoing & returns logistics and simplifying the ordering processes. Automatic warehouses, as well as, the distribution systems serve the logistic requirements of the e-Commerce sector. The increasing demand for a variety of AHM systems prompts the manufacturers to focus on innovation to withstand the competition demonstrates a great promise for the growth opportunities in the industry.
The growth of automated material handling market is being hindered by certain factors such as high investment and maintenance costs for equipment, rising prices and availability of equipment for lease, etc. However, the investment for automation is often considered as a technology upgrade rather than as a stand-alone application. The challenge for the end-user is to choose the apt technology which suffices the business requirements and optimizing the balance between the cost and performance of the AHMS.
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The automated material handling systems market is segmented by the following criteria: equipment, end-user industry vertical, type of operation and geographical location. The AMHS market, on the basis of equipment, is segmented into automated guided vehicle systems( unit load carriers, tow vehicles, pallet trucks, assembly line vehicles, fork lift vehicles, clamp vehicles
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