The automated material handling equipment (AMHE) and storage systems market in Europe will grow at a compound annual growth rate of 10.61% over the period 2014-2019, according to a Research and Markets report.
Automated material handling eliminates the need for manual labor to sort, organize, and retrieve materials and move them from one place to another.
It provides an efficient, accurate, and cost-effective method for the easy and swift movement of goods across organizations.
AMHE optimizes and speeds up the process by saving manufacturers’ time.
AMHE such as automated guided vehicles (AGVs), automated storage & retrieval systems or AS/RS, conveyor systems, palletization, sortation system, and software and services are being adopted by the food and beverage industry, as well as e-commerce.
One of the major trends in the market is the incorporation of vehicle intelligence in AGVs.
Many vendors have incorporated these advanced capabilities, which have increased the functioning of these vehicles and help in navigating around temporary obstructions more efficiently.
The report states that one of the major challenges being faced by the market is the high cost of deployment of this equipment, which restricts its widespread usage and also affects the revenue and profit margins of manufacturers.
