The market for automated material handling and storage systems in Europe is expected to grow at a CAGR of 11.43%, to cross USD 17.55 billion mark by the end of 2021, from the current estimates of USD 9.17 billion. Though the market faced challenges during the recession which started after the subprime mortgage crisis of the United States in 2007, Europe has always been the biggest market for automated material handling and storage systems market.
German manufacturers have been the driving factors for sustaining the euro-zone economy, contributing 22% to its GDP during 2009 - 2013. The country holds the biggest market for automated material handling and storage systems of more than 25% followed by France and the UK. The London Olympics of 2012 provided a little boost to the UK economy. Service sector remains the key factor driving the growth in the UK region. However, the manufacturing industry too has shown an upward trend. The UK is expected to cross 50% share of the total automated material handling market by the end of 2021. The simmering tensions in Ukraine do pose some concerns.
Europe will be the biggest market for automated material handling and storage systems in the near future, despite severe downturns in the economic activity. Vendors have an opportunity to target countries like the UK, Germany and France for bigger operations and revenue.
The Europe automated material handling and storage systems market is segmented on the basis of automated guided vehicles (unit load carriers, tow vehicles, pallet trucks, assembly line vehicles, fork lift vehicles, clamp vehicles and others), automated storage and retrieval systems (unit Load AS/RS, mini load AS/RS, carousel-type storage & retrieval systems, robotic AS/RS, tunnel style systems and others), application (energy, transport/logistics, healthcare, retail, manufacturing and others), and geography (Germany, the UK, France, etc.)
The report also considers key trends that will impact the industry and profiles of leading suppliers of automated material handling and storage systems. Some of the vendors manufacturing these solutions mentioned in the report are Swisslog Holding AG, Murata Machinery USA, Inc., Siemens AG, KIVA Systems, Beumer Group and Daifuku, Co., Ltd., etc.
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