LONDON–(BUSINESS WIRE)–#AMHE–Technavio’s latest report on the automated
material handling equipment (AMHE) market in North America provides
an analysis of the most important trends expected to impact the market
outlook from 2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.
market in North America is expected to grow at a CAGR of more than
8% during the forecast period. The overall market is expected to witness
a higher growth rate, which is mainly because of the growing inclination
of various sectors, such as the e-commerce and automotive industry
toward automation. Also, the trend of same-day delivery or express
delivery is increasing because of the rising competition between the
e-commerce companies, such Amazon and eBay.
Sharan Raj, a lead analyst from Technavio, specializing in research on warehouse
and storage sector, says, “The demand for products, such as
household devices, electronic devices, and automotive devices is
expected to witness growth during the forecast period in this region.
The US contributes almost 50% of the overall market in the region. AMHE
is being adopted at a rapid pace across North America because of the
high-cost savings associated with the product.”
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The top three emerging trends driving the AMHE market in North America
according to Technavio research analysts are:
- Increased use of robotics systems driving toward Cobotics
- Growth of automation in manufacturing processes
- Increased R&D expenditure and growth in AMHE miniaturization
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Increased use of robotics systems driving toward Cobotics
Robotics system is expected to witness the highest growth rate during
the forecast period. This is because companies from various industries
are buying or investing in the robotics system. Robots are employed in
various industries to complement workers rather than replace them. They
form a team of man and machine for performing complex parts of the
assembly process easier, faster, and safer.
“The emergence of big data, cloud-based technology and analytics, and
cloud robotics are also gaining traction in the market. R&Ds are done on
cloud-based robotics for exchanging information with other robots,
collecting data on a real-time basis, and processing data for better
output,” according to Sharan.
Growth of automation in manufacturing processes
The requirement of synchronized efforts between different material
handling equipment systems is expected to materialize with the use of
IoT and machine-to-machine communication and coordination. During the
forecast period, it is expected that 20% of the manufacturing processes
or functions will be completely automated.
Factors, such as lack of skilled labor, labor safety, and replacing the
aged workforce will also play a vital role in driving the manufacturers
to accept automation in manufacturing processes. Automated machines can
also work in a hazardous working environment, thereby avoiding fatal
Increased R&D expenditure and growth in AMHE miniaturization
The manufacturers in this market are investing in R&D activities for
differentiating their products and increasing the efficiency of the
automated material handling equipment. For instance, in 2015, Daifuku,
one of the prominent vendors in the AMHE market in North America
invested USD 63 million for upgrading the technology in the AMHE segment.
One of the major trends prevailing in this industry is the
miniaturization of AMHE. For the smooth movement of the AMHE within the
manufacturing facility or in a warehouse miniatured AMHE, such as
forklifts and cranes, should be taken into operation.
The key vendors are as follows:
- SSI Schaefer
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