The Automated Material Handling Market is estimated to hit $32.36 billion by 2023

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Automated Material Handling Market In terms of revenue contribution and growth rate, Asia-Pacific emerged out to be the global market leader for automated material handling market in 2017. The Automated Material Handling Market The Automated Material Handling Market is estimated to hit $32.36 billion by 2023 According to the new market research report by IndustryARC, “Automated Material Handling Market: By Products (Automated Guided Vehicle, Automatic Storage & Retrieval System, Others); By System (Unit & Bulk Load); By Application (Automobile, E-Commerce, Others); By Operation (Assembly, Packaging, Storage, Others); By Region – (2018-2023)”, the market is driven by various innovations and advancements in technology. APAC continues to lead the market share and during 2018-2023. In terms of revenue contribution and growth rate, Asia-Pacific emerged out to be the global market leader for automated material handling market in 2017 and is estimated to remain the market leader throughout the forecast period followed by Europe and Americas. Asia Pacific material handling market is expected to reach $ 2.46 Billion by 2023. The high cost of labor in the Asia Pacific market and increasing demand of automation has led to soaring demand of automated handling systems from basic warehouse functions to factory applications. This section will offer a brief overview of the market segmentation of the automated material handling. Especially, the high level of factory automation in Asia-Pacific and Latin America is driving the market for AMH in manufacturing, e-commerce, food and beverage and semiconductors & electronics industry. China is the market leader in Asia-Pacific with total estimated revenue of $ 389 Million in 2017. Selected / Sample Analysis done in the full Report: The value chain analysis deals with the comprehensive evaluation of each activity involved in the processing of any product/service and finally delivering it to the end-users. Each stage across the […]