Automated Material Handling Systems Trending in 2022 According to a new market research report titled “ Automated Material Handling Systems Market by Type (ASRS, AGV, and Roboti c Systems), Component, Function, End - use Industry (Automotive, Healthcare, Food & Beverage, Semiconductor, Manufacturing, Retail, Warehousing, Logistics, Aviation, and Postal) - Global Forecast to 2028”, published by Meticulous Research®, the Automated Mat erial Handling Systems (AMHS) market is expected to reach $57.6 billion, at a CAGR of 6.6% during the forecast period (2021 - 2028). Download Free Sample Report Now @ https://www.meticulousresearch.com/download - sample - report/cp_id=5149?utm_source=blog&utm_medium=social&utm_campaign=Prod uct&utm_content=22 - 02 - 2022 Automated material handling systems i ncrease productivity, automate tasks, augment jobs, and create new ones. It ensures efficient conveyance of materials from one place to another in the manufacturing area or warehouses by eliminating the need for humans. It also helps to produce and ship pr oduct to customers faster, cheaper, and with increased quality. The steady growth of the automated material handling systems market is mainly attributed to the increasing deployment of robotic systems for warehouse automation, the advent of Industry 4.0, c ontinuous technological advancements, and the growing focus of companies on cost reduction and sustainability. Although the impact of COVID - 19 may hinder the growth of this market, the rapidly booming e - commerce sector, the companies’ willingness to increa se automation investments, and favorable government initiatives to support the growth of the industrial sector are expected to propel the growth of the automated material handling systems market in the coming years. Based on type, the automated material ha ndling systems market is segmented into automated storage & retrieval systems, vehicle systems, conveyor & sortation systems, palletizing & depalletizing systems, and robotic systems. In 2021, the robotic systems segment accounted for the largest share of the overall automated material handling systems market. The large share of this segment is mainly attributed to the growing incorporation of various modern technologies in automated material handling equipment, wide deployment of robotic systems in the APA C region, and consistent technological advancements in robotics. Besides, the high deployment rate of robotic systems across various industries, including automotive and manufacturing, the advent of industry 4.0, and the growing need for high - level product ion automation further augment the growth of this segment. However, the vehicle systems segment is projected to grow at the highest CAGR of 11.8% over the forecast period. An upsurge in the adoption of AGVs, the rising need for safety, accuracy, and produc tivity, increasing industrial growth in emerging economies, and the growing trend favoring flexible navigation are the key drivers for this segment. Speak to our Analysts to Understand the Impact of COVID - 19 on Your Business: https://www.meticulousresearch.com/speak - to - analyst/cp_id=5149?utm_source=blog&utm_medium=social&utm_campaign=Product&u tm_conte nt=22 - 02 - 2022 Based on component, the automated material handling systems market is segmented into hardware, software, and services. In 2021, the hardware segment accounted for the largest share of the overall automated material handling systems market. The large share of this segment is mainly attributed to the continuous advancements in upcoming technologies such as AI and IoT, the technologies’ easy integration with automated material handling equipment, the rising demand for sensors and reliable perfo rmance controllers. Moreover, the increasing R&D investments in hardware enhancements are driving the growth of this segment. However, the software segment is projected to grow at the highest CAGR over the forecast period. The increasing strategic developm ents among automation providers and rapid advancements in software products are the key drivers for this segment. Based on function, the automated material handling systems market is segmented into assembling, picking, sorting, packaging, shipping, receivi ng, and storing. In 2021, the picking segment accounted for the largest share of the overall automated material handling systems market. This segment is also projected to record the highest CAGR during the forecast period. The segment's large share can be attributed to the picking systems’ increasing deployments across several industries, the systems’ high adoption rate, growing need for automating order fulfilment processes, rising demand for high - accuracy systems, and the rising need to automate order ful fillment processes. Based on end - use industry, the automated material handling systems market is segmented into automotive, semiconductor & electronics, general manufacturing, retail & warehousing/logistics, aviation, chemicals, rubber, and plastics, healt hcare & pharma, food & beverage, postal & parcel, and others. In 2021, the automotive industry segment accounted for the largest share of the overall automated material handling systems market. The large share of this segment is mainly attributed to the in creasing need to expedite the loading and unloading of automotive products, the growing focus on reimaging the next - generation automobile plants, and technological developments in automated technology and robotics. However, the healthcare & pharma industry segment is projected to grow at the highest CAGR over the forecast period. The rapid transformation of the healthcare sector, increasing government and private investments, and the rising need to meet government regulations are the key drivers for this se gment. Quick Buy – Automated Material Handling Systems Market Research Report: https://www.meticulousresearc h.com/Checkout/95707441?utm_source=blog&utm_medi um=social&utm_campaign=Product&utm_content=22 - 02 - 2022 Based on geography, the global automated material handling systems market is segmented into North America, Europe, Asia - Pacific, Latin America, and the Mi ddle East & Africa. In 2021, Europe accounted for the largest share of the global automated material handling systems market. The large share of the European region is attributed to the presence of the world’s leading providers of automated material handli ng equipment, the companies’ increasing investments in automation, the existence of a large automotive base, and high dependence on advanced technologies in this region. Besides, the rising R&D investments in robotics, easy availability of a skilled workfo rce, and high deployment rates of these systems are expected to further contribute to the growth of this market. However, the APAC region is projected to register the highest CAGR during the forecast period due to increasing investments in several innovati ve technologies, rising technology adoption, the rapidly improving manufacturing & warehousing infrastructure, the high adoption of robotics, and the growing presence of key players in the region. The global automated material handling systems market is hi ghly fragmented in nature, comprising several small - level companies, start - ups, and international players. These companies are adopting different strategies to stay competitive and garner greater market share. At present, developing new products and servic es is one of the most preferred strategies adopted by the players operating in the automated material handling systems market. However, strategic partnerships, collaborations, and agreements are some of the other growth strategies adopted by the leading pl ayers in this market. The majority of partnerships and collaborations aim to broaden product portfolios, advance the technological capabilities of existing products, and develop capabilities to cater to the changing demands of users. Some of the prominent players operating in the global automated material handling systems market are Daifuku Co., Ltd. (Japan), SSI SCHAEFER Group (Germany), Dematic (U.S.), Honeywell Intelligrated (U.S.), Toyota Industries Corporation (Japan), Murata Machinery, Ltd. (Japan), K NAPP AG (Austria), BEUMER Group GmbH (Germany), Swisslog Holding AG (Switzerland), Material Handling Systems (U.S.), TGW Logistics Group (Austria), WITRON Logistik+Informatik GmbH (Germany), Kardex Holding AG (Switzerland), Elettric80 S.p.A. (Italy), Syste m Logistics S.p.A. (Italy), DMW&H (U.S.), viastore SYSTEMS GmbH (Germany), LÖDIGE Industries GmbH (Germany), Stöcklin Logistik AG (Switzerland), and Jungheinrich AG (Germany) among others. TOP 10 COMPANIES IN AUTOMATED MATERIAL HANDLING SYSTEMS MARKET Scope of the Report: Automated Material Handling Systems Market, by Type Ro botic Systems Conveyor & Sortation Systems o Conveyor Systems Belt Systems Roller Systems Pallet Systems Overhead Systems Other Systems o Sortation Systems Automated Storage & Retrieval Systems o Unit - load AS/RS Fixed - aisle Movable - aisle o Mini - load AS/RS o Multi - shuttle Load o Vertical Lift Module o Carousel Horizontal Carousel Vertical Carousel o Micro - load AS/RS Vehicle Systems o Automated - guided Vehicles Laser - guided AGVs Magnet - guided AGVs Vision - guided AGVs Induction - guided AGVs Other AGVs o Rail - guided Vehicles Palletizing & Depalletizing Systems o Robotic o Automatic Conventional Automated Material Handling Systems Market, by Component Hardware Software Services Automated Material Handling Systems Market, by Function Assembly Picking Sorting Packaging Shipping Receiving Storing Automated Material Handling Systems Market, by End - use Industry Automotive Semiconductor & Electronics General Manufacturing Retail and Warehousing/Logistics Aviation Chemicals, Rubber, and Plastics Healthcare & Pharma Food & Beverage Pos tal & Parcel Others Automated Material Handling Systems Market, by Geography North America o U.S. o Canada Europe o Germany o U.K. o France o Italy o Spain o Netherlands o Switzerland o Poland o Rest of Europe Asia - Pacific o Japan o China o India o South Korea o Indonesia o Malaysia o Rest of Asia - Pacific Latin America o Brazil o Mexico o Rest of Latin America Middle East & Africa Download Free Sample Report Now @ https://www.meticulousresearch.com/download - sample - report/cp_id=5149?utm_source=blog&utm_medium =social&utm_campaign=Prod uct&utm_content=22 - 02 - 2022