Automated Material Handling (AMH) Equipment Market by Robots, ASRS, Conveyor and Sortation Systems Worth $53.59 Billion by 2024
September 28, 2018 at 15:41 PM EDT
Northbrook, IL -- (SBWIRE) -- 09/28/2018 -- According to the new market research report "Automated Material Handling (AMH) Equipment Market by Product (Robots, ASRS, Conveyor and Sortation Systems, Cranes, AGV), System Type (Unit Load, Bulk Load), Software & Services, Function, Industry, and Region - Global Forecast to 2024", the AMH equipment market is expected to grow from USD 33.46 billion by 2018 to USD 53.59 billion by 2024, at a CAGR of 8.2% during 2018–2024. Factors which are driving the AMH equipment market include growing presence of start-up companies offering robotic solutions for warehouse automation, increasing popularity of AMH equipment among leading industries, significant recovery in global manufacturing, and rising labor cost and safety concerns.
