Reduce Your Energy Consumption - Warehouse Automation

Simple actions can drastically improve the efficiency of your equipment.

When it comes to the equipment in your facility, there are plenty of ways to cut energy consumption, and good reasons for doing so. Many companies overlook these opportunities, however, and that can be a costly mistake on many fronts. When you’re not engaged in the steps that allow you to save energy, you’re missing out.

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The goals of cutting energy with your equipment fall into three main buckets: to conserve resources, to reduce environmental impact, and to achieve economic benefits. While you needn’t be motivated to accomplish all three, by taking simple steps, you will do just that. For most companies, however, the cost savings serve as the biggest carrot at the end of the stick for reducing energy consumption.

Typical issues that cost you energy include using outdated equipment that’s no longer efficient. Motors, compressors, and pumps all suffer wear and tear and if you’re not maintaining it and/or upgrading to newer, more efficient models, they won’t work as well as intended. This can lead to a host of problems, all of them costly.

Additional examples of neglect in action include running equipment at full capacity when it’s unnecessary, and leaving equipment powered on when not in use. Another problem could be that you’ve poorly strategized your material management processes and how all your equipment and machines fit into an optimal layout, which could lead to moving products in less than optimized patterns and similar inefficiencies.

If you want to get a handle on your equipment utilization and improve its efficiency, a great first step is an energy audit. While there’s no definitive best practice on how often to do this, at the minimum it should be once a year. Often, partnering with an equipment manufacturer, integrator, or consultant is the best way to approach this audit. Choosing to partner with an expert can come down to the size of your company and its resources. If you are a large enough operation to have an internal engineering staff capable of performing the audit, that may be the most affordable option. If not, however, bringing in outside help is a good idea.

An energy auditor will typically start by performing what’s known as a line walk when performing an audit. This is exactly what it sounds like—the auditor will walk down your line to give it a good look, identifying obvious problems. Common issues might include oversized cylinders, leaks, undersized tubes, or worn-out equipment. Auditors also work with original equipment manufacturers to help them look for areas of improvement. This involves looking at designs and CAD files to determine if they are designing in optimal fashion.

After the audit, the energy auditor will present you with a thorough outline of areas for improvement. You can take those suggestions and make the upgrades in equipment and behaviors. From there, staying on top of maintenance and checkups will keep your equipment humming along at a higher level of efficiency, saving your impact on the environment, your energy consumption, and also, your bottom line.

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The Global Automated Material Handling Market size was valued at USD 27.20 Billion in and is projected to be USD 55.48 Billion by , growing at a CAGR of 9.3% from to , as per a recent market analysis report published by Cognitive Market Research. Increasing modernization of industrial facilities in order to improve their production capacity and operational efficiency has majorly driven the growth of the material handling equipment market. Market players have recognized the benefits of automation in material handling, resulting in the rapid acquisition of robotic companies. For instance, in November , a leading global provider of material handling automation, MHS global and FORTNA, a leading software and solution provider, merged to serve the end-to-end needs of logistics operations.

Major Findings During the Study of the Automated Material Handling Market:

• Increasing the need for automation in several verticals, such as automotive, e-commerce, and others, to increase operational efficiency, monitor supply chain processes, and reduce labor costs are significant factors driving the automated material handling market growth.
• High initial cost associated with the integration of automated material handling is expected to restrain the market growth to some extent.
• By type, the WMS segment is witnessed to grow with the fastest CAGR during the forecast period. This growth is attributed due to the rapid rise in supply chain networks.
• By system type, the unit load material handling segment is gaining traction due to increasing usage in several industries, such as e-commerce, food & beverage, and automotive.
• By region, the Asia Pacific automated material handling market is projected to grow with the fastest CAGR during the forecast period due to the increasing adoption of new technologies by manufacturing industries for reducing labor costs as well as errors coupled with monitoring data of orders in real-time.
• Latin America and the Middle East & Africa regions are projected to witness significant growth during the anticipated period due to the vast expansion of e-commerce and retail industries.
• Adoption of organic and in-organic business strategies such as product development, product launch, collaboration, and partnerships by key market players are expected to open new avenues for market growth.

Read Full Market Analysis Automated Material Handling: by Product (Robots, ASRS, Conveyor & Sortation Systems, Cranes, WMS, and AGV); By System Type (Unit load material handling and bulk load material handling); By Vertical (Chemicals, Healthcare, Automotive, Food and Beverage, Aviation, E-commerce, and others); by Region (North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa) Global Industry Analysis, COVID-19 Impact, and Industry Forecast, -
 

Automated Material Handling Industry Statistics :

Global Automated Material Handling Market

Global Automated Material Handling Revenue (USD Billion)

55.48 Billion

CAGR – (-)

9.3%

Global Automated Material Handling Robotics Type Share

32.6%

Global Automated Material Handling E-Commerce Vertical Share

20.3%

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North America Automated Material Handling Share

35.0%

Report Deliverables:

Report Features

Details

Market Size in

USD 55.48 Billion

Segments Covered in the Report

Product

System Type

Vertical

Regions

Other Qualitative Analysis

Pestle Analysis

Porter's Five Forces Analysis

Market Attractiveness

Every Segment Analysis

Market Drivers

Market Restraints

Market Opportunities

What are the Drivers of the Automated Material Handling Market?

Growing industrialization in developing economies, the rising need for highly efficient systems, and the emergence of new technologies is majorly driving the growth of the market. In addition, the high adoption of automated material handling systems across several industries such as food & beverages, e-commerce, automotive, and manufacturing coupled with government support for digitalization are the major factors propelling the market growth.
Further, rising safety concerns and increasing demand for faster, more efficient fulfillment for in-store retailing also contribute to boosting the market growth. In addition, the increasing deployment of AMH by SMEs, followed by advanced technologies such as ML, AI, and IoT, is projected to strengthen the market growth over the forecast period.

What are the Restrains of the Automated Material Handling Market?

The high integration cost and initial setup for automated material handling, especially in heavy manufacturing organizations, are majorly restraining market growth. Several industries are striving to reduce high labor costs, to which has resulted in the implementation of automated guided vehicles and robots. Some verticals, such as electronics and automotive, use automated material handling systems precision and are vital to meet quality standards. But high initial investment is limiting the deployment of automated material handling systems. Limitations of new technologies are also hindering market growth to some extent.
On the other hand, to sustain in the competitive market, companies are focusing on developing new technologies with cost-effective solutions, which are expected to surge the market growth during the forecast period.

What are the Opportunities in the Automated Material Handling Market?

The implementation of automated material handling systems in developing economies such as India, China, and Mexico is expected to open a new avenue for market growth. Growing concerns about on-time shipments and keeping track of in and out stocks by end-use industries such as automotive, food & beverages, and e-commerce have generated the need for warehouse automation. To address these requirements, major players operating in this market are striving to develop new technological solutions such as artificial intelligence, machine learning, and big data that will help ease operations. Thus, the advent of new technologies in emerging economies is expected to drive market growth over the forecast period.

Check the Full Report, Including Global, Regional, and Country Level Analysis: https://www.cognitivemarketresearch.com/automated-material-handling-market-report

Our Free Sample Report Includes:

• Updated Report Introduction, Overview, and In-depth industry analysis
• Included COVID-19 Impact Analysis
• 250+ Pages Research Report (Inclusion of Updated Research)
• Provide Chapter-wise guidance on the Request
• Sample Report includes Top Market Players list with their Business Strategy, Sales Volume, Revenue Analysis, and SWOT Analysis
• Free Analysis of One Leading Company with SWOT Analysis and Company Market Share
• Updated Regional Analysis with Graphical Representation of Size, Share & Trends
• Include an Updated List of tables & figures
• Cognitive Market Research Methodology

How did COVID-19 Impact Automated Material Handling Market?

Due to the outbreak of COVID-19, governments of several states announced lockdowns which directly affected the supply chain network. The sudden increase in sales in the e-commerce sector has forced manufacturers to adopt new technologies to meet customer needs and safety measures set by governments. Social distancing, safety, and hygiene lifestyle have also compelled manufacturers to deploy automated material handling solutions, which have impelled the market growth in recent years.
Automated material handling helps manufacturers monitor inventory stocks, keep track of products in and out in real-time and detect the exact locations of products accurately, increasing the operational efficiency of warehouses. As a result, companies are considering the adoption of new technologies for better material management.

Automated Material Handling Market Report Scope:

Automated Material Handling Market – Product Outlook (Revenue, USD Billion, – )

• Robots
• ASRS
• Conveyor & Sortation Systems
• Cranes
• WMS
• AGV

Automated Material Handling Market – System Type Outlook (Revenue, USD Billion, – )

• Unit Load Material Handling
• Bulk Load Material Handling

Automated Material Handling Market – Vertical Outlook (Revenue, USD Billion, – )

• Chemicals
• Healthcare
• Automotive
• Food and Beverage
• Aviation
• E-commerce
• Others

Automated Material Handling Market – Regional Outlook (Revenue, USD Billion, – )

• North America (U.S., Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Luxembourg, Netherlands, Switzerland, Belgium, Rest of Europe)
• Asia Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore Malaysia Thailand Indonesia Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East & Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, and the Rest of MEA)

List Of Key Players in the Automated Material Handling Market: 

• Daifuku Co. Ltd
• KION Group
• Kardex Group
• Jungheinrich AG
• JBT Corporation
• Others

Related Reports on the Automated Material Handling Market:

• Global IoT in Warehouse Management Market Market is expected to reach USD 55.24 Billion by

The global IoT in the warehouse management market is expected to reach USD 55.24 Billion by growing at a CAGR of 27.9%.
Economic development across the globe has pushed various sectors like e-commerce, automotive, food & beverages, and healthcare to achieve highly efficient operations in order to increase productivity and fulfill customer demand. Logistics companies are continuously striving to meet customers' growing demands. Therefore, automation in warehouse management systems plays a vital role in reducing product delivery time, minimizing distribution costs, and reducing lead time. Thus, several benefits associated with implementing IoT solutions have propelled the market growth in recent years.

• Global Automated Guided Vehicle (AGV) Software Market is expected to reach USD 4.36 Billion by

The global Automated Guided Vehicle (AGV) Software Market is expected to reach USD 4.36 billion by growing at a CAGR of 7.9 %.
The increasing need to improve employee safety in several industries, such as metals & heavy machinery, manufacturing, and warehousing, is majorly driving the automated guides vehicle market growth. Employee safety becomes an integral part of manufacturing industries to reduce the risk of accidents, reduce downtime, and improve operational efficiency. Therefore, the growing adoption of large enterprises along with small and medium size enterprises (SMEs) is expected to surge the market growth in the upcoming years.

Other Related Reports:

• Global Warehouse Management System Market size is expected to value at USD 11.86 Billion by , at 17.4% CAGR.
• Global Conveyor Monitoring Market Size will be valued at USD 324.89 Billion by , at 3.8% CAGR.
• Global Industrial Robotics Market Size will be valued at USD 60.67 Billion by , at 10.9% CAGR.
• Global Conveyor Systems Market Size will be valued at USD 15.44 Billion by , at 6.4% CAGR.
• Global Service Robotics Market Size will be valued at USD 109.5 Billion by , at 14.8% CAGR.
• Global Warehouse Order Picking Software Market Size will be valued at USD 21.36 Billion by , at 11.20% CAGR.
• Global Material Handling Equipment Market Size will be valued at USD 348.75 Billion by , at 5.5% CAGR.

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