Asia-Pacific Automated Material Handling and Storage Systems Market - By Equipment (Automated Guided Vehicle Systems, Automated Storage & Retrieval Systems, Conveyor and Sortation Systems, Robotic Systems), Operations (Packaging, Assembly,Storage and

The Asia-Pacific Automated Material Handling (AMH) and Storage Systems Market (henceforth, referred to as the market studied) was valued at USD 15750. 5 million in 2019, and is expected to reach USD 29488.

New York, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Asia-Pacific Automated Material Handling and Storage Systems Market - By Equipment (Automated Guided Vehicle Systems, Automated Storage & Retrieval Systems, Conveyor and Sortation Systems, Robotic Systems), Operations (Packaging, Assembly,Storage and" - https://www.reportlinker.com/p05989452/?utm_source=GNW
0 million by 2025, registering a CAGR of 12.3%, during the period of 2020-2025. With the rapid growth in stock-keeping units (SKUs), wholesalers and distributors are finding it difficult to make informed decisions about the operations. This factor is driving the need for smarter usage of labor, equipment, and technology. The major factors driving the need for automated material-handling systems are cost savings, laborefficiency, and space constraints.

- In the current market landscape, there is an increase in the number of available products and demand for more frequent and smaller deliveries. The automated distribution operations can immediately increase an organization’s order accuracy, anywhere from half a percent up to several percentage points.
- Automation is not only about mechanization within the four walls of a distribution center; the implementation of an effective warehouse management system (WMS) can result in the better management of freight costs and boost the overall business. An appropriately implemented WMS can offer detailed truckload planning and fleet management, which may further increase the truck cube utilization, optimize routes, and provide significant reductions in freight-related costs.
- As evident in many major sectors, the food and beverage industry is developing constantly, especially from the standpoint of demand, warehousing, and technology. The evolution is so frequent that it has become more difficult for warehouses to manage their operations and track changes.
- Popular technologies, like automatic guided vehicles (AGVs) and warehouse management systems (WMS), continue to increase in the food and beverage warehouses and production operations providing several benefits to the manufacturers.
- The COVID-19 outbreak and lockdown restrictions across the globe have affected industrial activities across the world. Some of the effects of lockdown include supply chain disruptions, lack of availability of raw materials used in the manufacturing process, labor shortages, fluctuating prices that could cause the production of the final product to inflate and go beyond budget, shipping problems, etc.

Key Market Trends
Assembly Line to Witness Significant Growth

- The principal application of assembly-line AGVs is found in the automobile and other coach-building industries, such as aerospace and railways. The continuous demand from these industries worldwide, is one of the major reasons for this segment to be the fastest-growing product type.
- The advent of electric vehicles and hybrid cars revolutionized automobile manufacturing in the past decade. Automobile production has become far more sophisticated and complex. The ever-evolving government safety regulations and industry standards are further complicating the assembly line tasks.
- This has created a significant demand for automation in the automotive sector. Minimizing products’ damage during transit (caused by human error) and increasing the speed of handling the chassis between workstations (which would allow interaction with assembly-line workers) are the utmost priorities.
- Assembly line AGVs were the perfect fit for all these requirements. This was the prime reason for the rapid adoption of these vehicles in the automotive sector. They have even become an advertising element in the industry.
- With the increasing production of electric and hybrid variants, the demand for assembly line AGVs is expected to increase over the forecast period.
- As this trend continues to advance, the manufacturers, especially in the automotive and aerospace industries, will be able to achieve unprecedented flexibility that will allow them to quickly respond to the changes in the market while maintaining safe and cost-effective operations.

Airport expected to hold Significant Market share

- Furthermore, the government is looking for participation from multinational companies in the development of airports, as it seeks to make the segment more competitive. India’s aviation industry was expected to become the third-largest market in the world, in terms of the number of departures, by the end of 2019.
- Moreover, with the 2020 Olympics scheduled to take place in Japan, the International Air Transport Association (IATA) called on the country to prepare its airport infrastructure and to discuss the future growth of the tourism industry, using joined-up thinking and extensive consultation with the industry. This is boosting the adoption of automation and AMH services in the sector.
- Most airports are partnering with vendors in the studied market in order to implement autonomous robots, which will increase the efficiency of transferring luggage and reduce the overall operation cost. For instance, logistics automation specialist Vanderlande Dutch has signed a partnership for the trial of autonomous baggage handling vehicles at Hong Kong Airport.
- Moreover, due to the ongoing pandemic, many airports have implemented robots to diagnose passengers and prevent the spread of the virus. For instance, the Smart Airport team at Incheon Airport of South Korea is working to improve the airport experience for people with reduced mobility (PRMs), using robotics technology and automated vehicles.

Competitive Landscape
The market is highly competitive with mainly driven by the strong presence of the large players involved in the market.High barriers to exit, growing levels of firm concentration, and market penetration are some of the major characteristics influencing the competition in the market.

- Aug 2020 - KION Group signed a distribution agreement and a memorandum of understanding on plans for joint development with the Chinese manufacturer, with the aim of expanding the offering of mobile automation solutions. The collaboration with Quicktron is anticipated to further strengthen the former’s position in the market for automated trucks.
- June 2020 - Cohesio Group, now known as Körber Supply Chain, introduced a new sorting robot solution in Australia and New Zealand. The Körber AutoSort Mobile solution will allow logistics operators to maximize operational capabilities through flexible, affordable, and scalable automation.
- August 2019 - E-grocery solutions provider, Takeoff Technologies, announced a partnership with the Australian supermarket chain, Woolworths Group, to implement three automated micro-fulfillment centers over the next 12 months. Woolworths would implement Takeoff’s standard fulfillment solution, which typically covers about 10,000 square feet.

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