The Latin America, Middle East and Africa Automated Material Handling Equipment Market would witness market growth of 15.9% CAGR during the forecast period (2020-2026). Superior & effective solutions are offered in the market due to the new & emerging technologies.
The automated material handling equipment like robotic systems carry out tasks with better precision & accuracy and aid to decrease the operational cost. New technologies like vision automated guided vehicles offer higher throughput, provide safety, and assists in decreasing labor costs. The advent of the latest technologies causes improved quality & flexible automated systems which would augment the growth of the market in the next few years. The impact of these technologies is slow in the AHM equipment market; while its influence would increase in the upcoming months, due to the rising deployment of automated material handling equipment in the e-commerce industry to reduce the delivery time of products to customers.
Post the COVID-19, the number of online shoppers has increased substantially which helps the e-commerce industry to thrive at a rapid rate. Consumers are increasingly choosing the online mode of shopping due to the implementation of lockdowns, social distancing guidelines, and other measures with an aim to contain the spread of the COVID-19 pandemic. This has caused a surge in business-to-consumer (B2C) sales & business-to-business (B2B) e-commerce. The online sales of household goods, pharmaceuticals, and food are responsible for the surging B2C sales.
The Brazil market dominated the LAMEA E-commerce Automated Material Handling Equipment Market by Country 2019, growing at a CAGR of 15 % during the forecast period. The Argentina market would witness a CAGR of 16.9% during (2020 - 2026). Additionally, The UAE market is exhibiting a CAGR of 15.9% during (2020 - 2026).
The Robots market dominated the Saudi Arabia Automated Material Handling Equipment Market by Products 2019, thereby, achieving a market value of $160.8 million by 2026. The Conveyors & Sortation Systems market is showcasing a CAGR of 17.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Automated Material Handling Equipment Market in LAMEA is expected to register a CAGR of 15.9% 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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