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(Construction.IndustryNews247.Com, March 07, 2019 ) Global automated material handling equipment market is expected to grow from US$ 28,643.4 Mn in 2017 to US$ 51,219.6 Mn by 2025 at a CAGR of 7.6% between 2018 and 2025.
The report focuses on an in-depth segmentation of automated material handling equipment market based on products, system type, component, function, and industry. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By product segment, robot is accountable to hold the largest share in the automated material handling equipment market in 2017, whereas automated guided vehicle is projected to grow at the highest CAGR during the forecast period.
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The Asia Pacific is one of the prominent regions in automated material handling equipment market which is contributing highest revenue globally due to an increase in the demand for automotive, consumer goods, and electronic devices. Moreover, rise in the labor costs in China and India pertaining to the fact of raise in the standards of living of the population. Also, due to conventional human methods, chances of errors increases which further compel the manufacturers to look ahead for sophisticated error-free solutions.
In addition to this, growing economies in APAC region is experiencing number of initiatives undertaken by government bodies to boost manufacturing industries in the countries to propel the growth of automated material handling equipment market. In APAC region, China is contributing largest share of revenue in automated material handling equipment market followed by Rest of APAC and Japan. Owing to this, several global manufacturers and providers of automated material handling equipment has potential to invest in this region.
Some of the key players operating in the automated material handling equipment market includes Fives, Jungheinrich AG, Kuka AG, Kion Group AG, Daifuku Co., Ltd., BEUMER Group GmbH & Co. KG, Hyster-Yale Materials Handling, Inc., Hanwha Corporation, Toyota Industries Corporation, and John Bean Technologies Corporation among others.
Buy the complete report with Comprehensive table of contents @ http://bit.ly/2Tb7joO
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
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