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(India.CityRegions.Com, September 18, 2018 ) According to Verified Market Intelligence, the global automated material handling equipment market was valued at USD 28.41 billion in 2016 and is projected to reach USD 55.67 billion by 2025, growing at a CAGR of 7.76% from 2017 to 2025.
Automated material handling equipment can automate the most tedious, dull, and unsafe tasks in the production line of different industries. These equipment are used by the end users to improve the quality, throughput, flexibility, and consistency along with decreasing ergonomic hazards for workers. It helps in enhancing the efficiency of the production line and increases the customer satisfaction by delivering quality products on time.
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Automated material handling equipment offers numerous advantages such as increases profit, enhances production quality & quantity, time saver, reduced labor costs and improved efficiency. It has many applications in various industries that include- automotive, metals & heavy machinery, food & beverages, chemical, healthcare, and aviation etc.
Increasing demand for personalized AVG, growing need for workers safety, the rise in the integration of industry 4.0 with robots and growing e-commerce industry have been driving the global automated material handling equipment market. Moreover, reducing labor cost through advancement in robotics and increasing demand for automated solutions in various industries has also contributed to the growth of the market. While the availability of rental AVG, reluctance to adopt changes, real-time technical issues, and costly equipment acts a potential restraint for the overall market at a global level.
The “Global Automated Material Handling Equipment Market ” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Hyster-Yale Material Handling, Inc., Kion Group AG, Hanwha Corporation , Kuka AG , Fives , Murata Machinery, Ltd. , TGW Logistics Group GmbH , Viastore Systems GmbH and Daifuku Co., Ltd.. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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About Us: Verified Market Research Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more expert concerns.
Contact Information: Verified Market Research Contact Person: Ankush Tel: +1650781 4080 Email us: sales@verifiedmarketresearch.com
Verified Market Research
Amaan Kazi
+1 (650) 781 4080
amaankazi@verifiedmarketresearch.com
Source: EmailWire.Com
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