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Asia Pacific automated material handling equipment market is expected to witness high growth during the forecast timespan
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Automated Material Handling Equipment Market Value Projected to Expand by 2025 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Automated Material Handling Equipment Market Scenario: • Automated Material Handling Equipment Market size is anticipated to grow owing to the growing demand for warehouse automation and rising labor costs. According to the Consumer Technology Association (CTA), in 2018, the U.S. consumer industry accounted for over USD 375 billion retail revenue. With the increasing production and consumption of electronics devices, the demand for warehouse automation to improve inventory management, customer service, reduce product delivery time, and lower handling costs in manufacturing and distribution will grow. • Consumer electronics devices, such as LCD screens, require flexible, safe, and efficient loading and assembly with precise handling. The implementation of these automated systems for logistics/transportation applications in the electronics industry helps to boost the production output, improve quality with fewer rejects & stable production costs, and maximize Return on Investment (ROI). • High operational and maintenance costs associated with these systems are expected to hinder the automated material handling equipment market growth. The use of automation in the manufacturing process requires ensuring smooth operations, resulting in higher operational costs. The rising trend of renting equipment due to increasing capital cost can impact the overall growth of the market. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Continue:- • The automated material handling equipment market share is expected to witness exponential growth over the forecast timespan due to the flourishing e-commerce sector. With a rise in consumers switching to online shopping, rapidly changing customer demands, and fierce competition among online retailing companies, the need for fast, accurate, and efficient customer service for delivering the products purchased is increasing. • Retailers are implementing automated handling systems to increase product throughput, reduce order errors, and achieve maximum efficiencies from handling & sorting processes. Moreover, the rising demand for automated pick & place robots in logistics is contributing to the material handling equipment market demand. Request for table of content of this Report @https://www.gminsights.com/request-toc/upcoming/4277 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Regional Analysis: • Asia Pacific automated material handling equipment market is expected to witness high growth during the forecast timespan. The increasing development of the manufacturing sector across various industries, such as automotive, metals & heavy machinery, and consumer electronics, has led to significant growth prospects. Rising government initiatives for promoting warehouse automation in countries including China and India are contributing to the larger revenue share of the industry. • Competitive Analysis: • The key players in the automated material handling equipment market share include BEUMER Group GmbH & Co. KG, Daifuku Co., Ltd, Hyster-Yale Materials Handling, Inc., Fives Group, KUKA AG, KNAPP Group, Kion Group AG, Murata Machinery, Schaefer Systems International, Inc., TGW Logistics Group, and Intelligrated, Inc., Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/4277 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Latest Research Report On Automated Material Handling Equipment Market@ https://www.gminsights.com/industry-analysis/automated-material-handling-equipment-market Request for table of content of this report@ https://www.gminsights.com/request-toc/upcoming/4277 Request for customization: https://www.gminsights.com/roc/4277 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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