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The Automated Material Handling Systems Market is projected to reach $70.1 billion by 2030, at a CAGR of 8.3% during the forecast period 2023–2030. The growth of the automated material handling systems market is mainly attributed to the growing importance of AMHS across the industry, enterprises’ increasing focus on improving floor space utilization and order processing capabilities, and rising demand for warehouse automation. Although the high initial cost involved in deploying AMHS may hinder the growth of this market, the growing significance of online retail platforms and associated ted supply chains, increasing utilization of RFID and barcode technologies, integration of cloud and IoT technologies in AMHS, and the advent of industry 4.0 are expected to propel the growth of the automated material handling systems market in the coming years. In addition, expansion and automation of warehouses without hampering operations and cybersecurity risks are major challenges for the players operating in this market.
Key questions answered in the report:
What is the value of revenue generated from the sales of automated material handling systems globally?
At what rate is their demand expected to grow for the next 5–7 years?
What are the key factors driving the growth of the automated material handling systems market?
Who are the major players operating in the automated material handling systems market?
What are the key challenges faced by companies in the automated material handling systems market?
What strategies are adopted by the major players in the automated material handling systems market?
automated material handling market, automated material handling equipment market, material handling equipment market, material handling market
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