Autonomous Material Handling Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Autonomous Material Handling Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
Increasing acceptance of automation and autonomous technologies across manufacturing and retail sectors has been the key factor responsible for the demand growth in autonomous material handling technologies. A growing trend miniaturization of material handling equipment across industries and critically reducing time for the final throughput are further pushing adoption prospects of autonomous material handling technologies. Technical glitches and expensive capital spending may remain the longstanding challenge widespread adoption of autonomous material handling technologies.
R&D Takes up the Limelight in Global Autonomous Material Handling Technologies Market Competition
The competitive landscape of autonomous material handling technologies market seems fairly fragmented, and active players are investing significantly in pushing R&D activities so as to penetrate deeper into the autonomous material handling technologies market. High efficiency and diverse functionality will remain the key areas for R&D investors that are aspiring product differentiation and competitive edge.
- The automated logistics partner of the likes of John Deere and General Electric, Clearpath Robotics Inc. recently made an announcement to have invested US$ 30 million in a new autonomous material handling unit. The company is up-scaling manufacturing at their Kitchener-based OTTO Motors division for autonomous material handling.
- Geek + unleashed a new autonomous forklift, later in 2018. The Chinese supply chain robotics giant launched new-generation material handling solutions at the China International Industry Fair (CIIF). This new set of technologies includes a completely automated intra-logistics solution, in addition to an automatic forklift. Being a leader in warehousing automation, Geek + launched a versatile autonomous material handling technologies solution that covers mobile robots, mechanical arms, and a self-driving forklift.
- In an effort to update autonomous material handling technologies, the Rochester Institute of Technology (RIT) has teamed with Raymond Corp. for a study on smart forklifts. While the research is still underway, it is likely to result in the d of development of next-generation autonomous material handling technologies such as warehousing robots and vehicles that interact and communicate with each other, in order to prioritize and delegate work. The first phase of study focuses on the modeling of interaction and decision-making protocols for autonomous forklifts and truck loads. The second phase of study will reportedly concentrate on the development of small robots driving autonomously to each other, for testing and communication. The project has received a grant from Toyota Material Handling North America USA Inc.
- The BMW Group has been exceptionally holding on to recent advances in autonomous material handling technologies, with an objective to incorporate the same into logistics and material handling segments. While wearables, autonomous mobile robots, and tugger trains are currently being employed at the company’s assembly plants, BMW has developed an exclusive automation kit for their Germany-based pilot plant. This kit autonomously communicates loading-unloading part of the materials handling process. The company has also developed an autonomous transport system for outdoor usage at the Leipzig-based plant.
Strategic collaborations and acquisitions are observed to be prominent among players in the autonomous material handling technologies market and leading technology providers. Catering tailor-made solutions based on autonomous material handling technologies for industry-specific demands is currently among the top strategies embraced by some of the key players competing in autonomous material handling technologies market.
Some of the most prominent competitors operating in the competitive landscape of global autonomous material handling technologies market include –
- Flexlink AB
- BEUMER Group GmbH & Co. KG
- Honeywell Intelligrated, Daifuku Co. Ltd.
- Jungheinrich AG
- Hytrol Conveyor Co., Inc.
Industries Are Rapidly Switching to Autonomous Material Handling Technologies
The incorporation of robotics technology into materials handling has been maturing rapidly over the recent years. With self-driving autonomous vehicles rapidly gaining ground, it would not be surprising if autonomous lift trucks or forklifts invade the industrial warehousing operations in the near future. Compared to conventional lift trucks and forklifts that are driven by operators, those based on autonomous material handling technologies offer a slew of advantages in terms of operational efficiency and accuracy. Considerable saving on energy is another benefit that prompts at a positive outlook for the adoption of autonomous material handling technologies in coming years.
Taxonomy: Global Autonomous Materials Handling Technologies Market
By the Type of Component
- Autonomous Forklifts
- Autonomous Lift Trucks
- Autonomous Inventory Robots
- Goods-to-person Picking Robots
- Unmanned Aerial Vehicles (UAR)
By End Use Industry
- Manufacturing
- Retail
- Others
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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