The Europe Automated Material Handling Equipment Market would witness market growth of 12.7% CAGR during the forecast period (2020-2026). There is an increasing demand for automated material handling equipment (for example, robotics systems) due to the high requirement for automation in industries like automotive, e-commerce, and food & beverages because of the low operational costs, better supply chain process, and low labor costs.
Moreover, the growth of the market is further supported by various technological developments like the launch of vision-guided navigation technology that enables the vehicles to take the right route without the need for human intervention. Furthermore, the demand for automated material handling would be augmented due to the demand for eco-friendly & energy-efficient robotics systems. Though, the growth of the market could be hampered by the huge cost of initial installation.
With a surge in demand for automated material handling equipment like automated storage & retrieval systems, automated guided vehicles, automated crane, robotics systems, and automate conveyor & sortation systems, the focus of market players is on creating innovative & technologically developed material handling systems in order to extend their outreach. Some of the determinants for the growth of the market are high demand for transparency in the supply chain & flexibility in warehouse activities, increasing demand for integration of automation & modernization in manufacturing processes, and booming aviation & e-commerce industry.
The Germany market dominated the Europe Automated Material Handling Equipment Cranes Market by Country 2019, growing at a CAGR of 13.2 % during the forecast period. The UK market is exhibiting a CAGR of 13.6% during (2020 - 2026). Additionally, The France market is anticipated to witness a CAGR of 15.3% during (2020 - 2026).
The Automotive market dominated the Russia Automated Material Handling Equipment Market by Industry 2019, thereby, achieving a market value of $698.6 million by 2026. The Metals & Heavy Machinery market is experiencing a CAGR of 13.6% during (2020 - 2026). The Semiconductor & Electronics market is estimated to grow at a CAGR of 11.1% during (2020 - 2026). Additionally, The Healthcare & Chemicals market is expected to witness a CAGR of 14.2% during (2020 - 2026).
Based on System Type, the market is segmented into Bulk Load Material Handling Systems and Unit Load Material Handling Systems. Based on Products, the market is segmented into Robots, Conveyors & Sortation Systems, Automated Guided Vehicle (AGV), Warehouse Management System (WMS), Cranes and Automated Storage and Retrieval System (ASRS). Based on Industry, the market is segmented into Automotive, Metals & Heavy Machinery, Semiconductor & Electronics, Healthcare & Chemicals, E-commerce, Food & Beverages, Third Party Logistics (3PL) and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Automated Material Handling Equipment Market in Europe is expected to register a CAGR of 12.7% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Daifuku Co., Limited, Kion Group, Knapp AG, Toyota Industries Corporation, Honeywell International, Inc., Hyster-Yale Materials Handling, Inc., Kuka AG, BEUMER Group GmbH & Co. KG, Murata Manufacturing Co., Ltd., and John Bean Technologies Corporation.
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