Automated Material Handling Equipment Market Segmentation:
By Component Segment Analysis
Hardware segment is projected to dominate automated material handling equipment market share of over 55% by 2035. The segment growth can be attributed to the widespread use of hardware such as cranes and lifting equipment in various end-use industries such as manufacturing, construction, and automobiles. According to recent information, the use of mobile cranes has increased in recent years in construction sites.
Furthermore, as compared to traditional handling equipment, the continuous handling technology ensures smooth picking and packaging of goods. It also saves labor costs and reduces the delivery time.
By System Segment Analysis
In automated material handling equipment market, unit load segment is likely to dominate revenue share of around 51% by the end of 2035. The segment growth can be attributed to its effective handling, storing, and distribution of products in various areas and load weights easily and also preventing any damage by restricting individual handling.
Moreover, single goods are combined into one unit which further allows for simple transfer. Various consumer goods are stored and shipped as unit loads while handling a single item. Industries are adopting AMHE due to its various benefits of handling several goods together by reducing the overall cost of handling.
Our in-depth analysis of the market includes the following segments:
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