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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