The market is fragmented due to the presence of many established vendors holding significant market share. The automated material handling equipment market in US is segmented by product (conveyor system, AS/RS, robotics system, and AGV) and end-user (automotive, e-commerce and 3PL, food and beverage, and others). The automated material handling equipment market size in US is expected to accelerate at a CAGR of 3.97% during the forecast period. The market growth in the segment will be significant during the forecast period. The increasing demand for AGVs and conveyor systems in automotive production plants will drive the growth of the segment. Similarly, by end-user, the market growth will be significant in the automotive segment. Also, the increase in the number of air travelers and the development of smart airports will be crucial in driving the growth of the segment. The segment is driven by increasing demand for airport baggage handling and in the e-commerce, manufacturing, and automotive industries. The conveyor system segment will witness maximum growth during the forecast period. Automated Material Handling Equipment Market in US: Segment highlightsīy product, the market is segmented by conveyor systems, AS/RS, robotics systems, and AGVs. In addition, the significant growth in the e-commerce industry and enhancement in warehouse operational efficiency by adopting AS/RS will further accelerate the growth of the automated material handling equipment market in US. These factors will have a positive impact on the growth of the market during the forecast period. The growing demand is driving many vendors in the market to increase their R&D efforts to introduce new products that are efficient and easy to integrate with automation technologies in manufacturing facilities. This has increased the adoption of automated material handling equipment among industrial operators. Besides, operators across industries such as food and beverage and pharmaceutical need to constantly comply with changing regulations. The increase in labor costs is driving end-users in the market to adopt advanced automation technologies and robots in manufacturing plants.
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One of the primary growth drivers for this market is the advanced automation of processing plants.
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Make confident decisions using the benchmarks and analysis available in our full report on the automated material handling equipment market in US. Technavio has announced its latest market research report Automated Material Handling Equipment Market in US by End-user and Product - Forecast and Analysis 2022-2026 are identified as the dominant players in the market. Ltd., Grabit Inc., Honeywell International Inc., Hyster Yale Materials Handling Inc., inVia Robotics Inc., John Bean Technologies Corp., KION GROUP AG, Locus Robotics Corp., Material Handling Systems Inc., and Meidensha Corp. Technavio expects the market to witness substantial growth in the automotive segment owing to the increasing sales of automobiles. NEW YORK, Ma/PRNewswire/ - The automated material handling equipment market in US will witness a growth of USD 1.51 billion between 20, expanding at a CAGR of 3.97% during the forecast period.
USD 1.51 Bn growth opportunity in Automated Material Handling Equipment Market in US | Automotive segment to account fo.
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