Automated Material Handling (AMH) Market Size, Share, Growth Opportunities, & Global Industry Forecast Report, 2020-2027

 

Global Automated Material Handling (AMH) Market

The GMI Research report asserts that the Automated Material Handling (AMH) Market will encounter an augmentation in demand over the forecast period. This is because of the rapid digitalisation, growing application across food & beverage, chemical, and pharmaceutical industry.

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Automated Material Handling (AMH) Market Dynamics

The AMH systems offer a more foreseeable transportation time, less human errors, minimized labour cost and downtime, convenient tracking of material location, reduced spoliation, and better estimation of cycle time.  The ongoing technological modernisations, such as 3D vision technology, nanotechnology, cloud computing, artificial intelligence, driverless vehicles, and simultaneous localization and mapping (SLAM), will encourage the growth of the global automated material handling market growth. Further, rapid digitalization across supply chain in production industries and the surging need for mechanisation in logistics management across industries such as e-commerce, healthcare, aviation and electronics will pave the way for market growth.  Besides this, the increasing endorsement of robotics technology in warehousing facilities has encouraged the market growth.

However, as per the Automated Material Handling Market Analysis, excessive investment required for the incorporation of AMH equipment will hamper the market growth. Moreover, insufficient workforce to tackle, reconstruct and maintain system will further restrain the market growth.

Product Segment Drivers

The automated guided vehicle (AGV) is anticipated to expand at a higher growth during the forecast period. This is primarily because of the benefits such as less labour cost, minimum accidents, workplace security, operation at acute temperatures, better tracking of inventory, and enhanced productiveness will fuel the Global automated material handling (AMH) equipment market size.

Regional Drivers

North America is projected to witness a faster growth over the forecast period. This is primarily due to augmenting endorsement of warehouse mechanisation, accelerating labour cost, and the expansion in e-commerce industry. As per the UNCTAD, the United States overpowered the overall e-commerce industry with sale of $8,640 billion in 2018.

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