TOP 10 COMPANIES IN AUTOMATED MATERIAL HANDLING SYSTEMS MARKET

The growth of this market is driven by 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. However, the high initial costs involved in deploying AMHS are expected to restrain this market’s growth. 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 provide significant growth opportunities for stakeholders in this market. However, expansion and automation of warehouses without hampering operations and cybersecurity risk a major challenge to the growth of this market.