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26 Oct 2021, 11:33 GMT+10
The global automated intralogistics material handling solutions market is set to be valued at US$ 43.83 Bn in 2021, with steady long-term projections, according to latest insights by Persistence market Research. The study estimates the market to expand at 14% CAGR through 2031.
Manufacturing and e-Commerce is driving constant demand for automated intralogistics material handling solutions. The fact that there is an automated intralogistics material handling design that is suitable for almost any application involving food & beverages, clothing, pharmacy, FMCG, electronics, etc., makes the market always hugely potential.
Demand for automated intralogistics material handling solutions dwindled in 2020 due to the COVID-19 pandemic. Not just 2020, but 2021 is ought to be affected by numerous factors such as supply chain constraints and socio-political changes taking place worldwide.
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Innovation and advancements are continuously ongoing in this space:
Key Takeaways from Market Study
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"The market may see some more downturns in 2021 too owing to reduced cash collection in 2020, but subsequent quarters thereafter are expected to usher in spending and investments related to warehousing and logistics by respective end users of automated intralogistics material handling solutions," says a Persistence Market Research Analyst.
Competitive Landscape
The market is fragmented, with key players accounting for more than one-fifth of the overall market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.
Some of the key players in this industry are SIEMENS AG, Dematic, Mecalux S.A., Montel, SSI SCHAEFER, Daifuku Co., Ltd. Mitsubishi Electric Corporation, Toyota Material Handling Group, etc.
Read More Trending "PMR Exclusive Article"- https://www.prnewswire.com/news-releases/demand-for-automated-intralogistics-material-handling-solutions-to-grow-at-14-cagr-through-2031-with-high-implementation-to-optimize-processes–increase-efficacy-301395094.html
Find More Valuable Insights
The research report analyzes demand for automated intralogistics material handling solutions. The global market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background.
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