New York, Jan. 25, 2023 (GLOBE NEWSWIRE) — According to our new research study on Automated Material Handling Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product (Robots, Automated Storage & Retrieval System, Automated Conveyors & Sortation System, Automated Cranes, and Automated Guided Vehicles), System Type (Unit Load and Bulk Load), Component (Hardware, Software, and Services), Function (Storage, Transportation, Assembly, Packaging, Distribution, and Waste Handling), Industry (Automotive, Electronics, Food & Beverages, E-Commerce, Aerospace, Logistics, Pharmaceuticals, and Others), and Geography.
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Automated Material Handling Market – Strategic Insights
|Market Size Value in
|US$ 35.65 Billion in 2022
|Market Size Value by
|US$ 56.34 Billion by 2028
|CAGR of 9.1 % from 2022 to 2028.
|2022 to 2028
|No. of Pages
|Historical data available
|Product, System Type, Component Function and Industry
|North America; Europe; Asia Pacific; Latin America; MEA
|US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Request customized purchase options to meet your research needs.
Automated Material Handling Equipment Market: Competitive Landscape and Key Developments
Daifuku Co. Ltd.; Hyster-Yale Material Handling, Inc.; Jungheinrich AG; Kion Group AG; Toyota Industries Corporation; Hanwha Corporation; John Bean Technologies Corporation; Kuka AG; Beumer Group Gmbh & Co.; and Fives Group are among the key automated material handling equipment market players operating in the industry.
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- In January 2023, Hy-Tek Holdings completed the acquisition of Winchester Industrial Controls LLC. The acquired company provides control systems and installation for automated material handling systems. With this acquisition, Hy-Tek Holdings enhanced its product line, which would enable the company to acquire larger customer base and ultimately would witness higher revenue in the forthcoming years.
- In December 2022, Daifuku Co., an automated material handling technology and solutions provider, announced its plans to make an investment of US$ 54.70 million in establishing a manufacturing plant in Telangana, India. The new plant will produce intra-logistics equipment, including sorting transfer vehicles, automated storage and retrieval systems, conveyors, and sorters.
In the manufacturing sector, technologies such as robotics, machine learning, and artificial intelligence have enabled machines to match or even outpace humans in a range of manufacturing activities. An increase in productivity is observed from 10 to 20% when automation is integrated into a lean assembly line. Further, Industry 4.0 is another buzzing trend that is anticipated to take up the manufacturing sector in the coming years. The advent of Industry 4.0 and the Industrial Internet of Things (IIoT) that would utilize the powers of collaborative robots and automated guided vehicles is anticipated to drive productivity in the manufacturing sector, propelling the growth of the automated material handling equipment market. In July 2022, Cargo handler Swissport announced that it is testing an unmanned, automated guided vehicle (AGV) at its new cargo center at the Frankfurt Airport to lower manual handling. The AGV communicates with gates and other automated equipment that can cover large distances and is fully compatible with the state-of-the-art material handling system at Swissport. Adoption of new equipment to ease standard of procedures are projected to fuel the overall automated material handling equipment market.
The fast-paced technological development in electronics manufacturing industry uplifts the importance of optimum utilization of resources. AMH systems are highly adopted in this industry in order to increase yield and reducing cycle times. AMH systems are employed in electronics industry to improve overall productivity, to development higher performance, and to reduce operational waste related to manufacturing & transport. Proliferating electronics industry will have a positive impact on overall automated material handling equipment market.
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The automated material handling equipment market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. APAC held the largest automated material handling equipment market share in 2022. Nations in the region have the potential to dominate the global manufacturing industry in a short period. While Japan, China, India, Singapore, and Vietnam are automotive manufacturing hubs in APAC. Countries such as Taiwan, South Korea, China, Japan, Vietnam, and Hong Kong dominate the global semiconductor & electronics manufacturing industry. Due to FDIs, the automotive manufacturing and electronics & semiconductor manufacturing industries are propelled at unprecedented rates.
Growing industrial sector in mentioned APAC countries will drive the regional automated material handling equipment market size. Moreover, several industry verticals in China are deploying collaborative robots. Xiamen Runner Industrial Corporation, one of the largest bathroom accessories manufacturers in China, has deployed 64 cobots from Universal Robots on the production line for varied tasks from tending and injecting-molding machines to the product assembly. Moreover, New Zealand-headquartered Betacom depends on UR10 cobots for the manufacturing of LED road lights. Manufacturing these lights is crucial to ensure drivers’ safety on the road.
Similarly, in Europe, Atria Scandinavia (a Swedish food company), utilizes UR5 cobots to mitigate downtime in their small production plant. Developments in respect of using robots will have a positive impact on automated material handling equipment market growth.
Moreover, the product mix for consumer electronics is quite broad consisting of different assortments in many categories. Employment of AMH equipment in this industry enable easy sorting, assembling, organizing, transporting these products to the right places in given time, thus, increases the overall productivity of the operations. Short product lifecycles of the consumer electronics products, requirements of high quality standards requirements, and high investment in labor have resulted in the increasing adoptions of reliable AMH systems by electronics manufacturers worldwide.
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Based on industry, the automated material handling equipment market size is segmented into automotive, electronics, food & beverages, e-commerce, aerospace, logistics, pharmaceuticals, and others. The automotive segment held the second-largest automated material handling equipment market share in 2022. The automotive industry is one of the early adopters of automated material handling equipment in the production process. Automotive OEMs and parts manufacturers are extensively using AMH equipment to meet consumer demand and maintain product quality. Continuous surge in demand and mass production of automotive vehicles have encouraged the adoption of AMH equipment into the production process and thereby fueling the automated material handling equipment market growth. Adoption rate of AMH equipment is high in North America and Europe owing to the high labor cost and low labor availability. Also, the automotive industry in Asian countries such as Japan, Korea, and China highly depends on AMH equipment. In automotive manufacturing, AMH equipment reduces part-to-part variability, efficiently carries out highly repeatable tasks, maintains similar product quality, and minimizes the damages in the overall production process. The automotive industry is witnessing investments in technology innovation which is encouraging the automotive manufacturers to develop products accordingly and meet rising consumer demands across the manufacturing process. Investments in manufacturing, automotive, and varied industries will endure to drive the penetration of different robots, automated systems, and many more, which will further boost the automated material handling equipment market.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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Confluence former executive joins fintech Premialab
James Carrington, a former executive at Confluence, Investment Metrics, Style Analytics has joined fintech Premialab. He brings extensive client engagement expertise in investment analytics and data for the institutional investment community.
LONDON, Feb. 27, 2024 /PRNewswire/ — Premialab, the financial data and analytics firm, announced today the appointment of James Carrington as Head of Client Engagement. Mr. Carrington, based in London, will spearhead global client engagement, leveraging over 10 years of experience in driving client engagement gained at Investment Metrics, Style Analytics, and most recently at Confluence, part of the Clearlake Capital Group portfolio. His primary focus will be on enabling faster tailor-made investment analytics delivery and data integration for Premialab’s pension funds, foundations, endowments, and insurance clients.
Adrien Geliot, Co-Founder & Chief Executive Officer of Premialab, said, “I am delighted to welcome James to the team. His appointment confirms our commitment to delivering first-class service to our customers across global locations. His experience in maximizing the value derived from investment analytics will be invaluable in serving our clients as we continue scaling our activities worldwide.”
Commenting on his appointment, James Carrington said, “I am delighted to have joined the Premialab team. Their innovative solution makes a real difference to institutional investors looking at quant investments. The evolution of Premialab over the last number of years has been something that I have followed closely, and I am looking forward to working with the team to further support our customer base across our established and emerging demographics.”
The announcement follows recent senior appointments at Premialab, including Philippe Jacson, former BNP Paribas, Merrill Lynch and MSCI executive; Daniel Fields, former Global Head of Markets at Societe Generale; John Macpherson, former Managing Director at Goldman Sachs, Citibank, and Nomura; Marc Fisher, former Managing Director at Citibank with a prior position at Deutsche Bank; and Georgios Sittas, former Managing Director at HSBC, Standard Chartered, and previously a director at Lehman Brothers.
Recognized as the reference for data and risk analytics on quantitative strategies, Premialab’s capital markets infrastructure is currently used by leading asset managers, insurance companies and pensions funds, accelerating their digitalization and enhancing performance and risk control while reducing costs. The platform’s client AUM is representing an estimated USD$10 trillion.
Premialab is an independent platform providing data, analytics and risk solutions on systematic and factor-based strategies in collaboration with leading investment banks and institutional investors globally. Combining intelligent technology with a unique source of information the platform empowers asset allocators to make better investment decisions whilst achieving utmost time and cost efficiency.
With offices in London, Paris, New York, Hong Kong, Sydney, and Dubai, its international team is dedicated to supporting a global client base with the most up-to-date risk premia dataset, advanced portfolio construction, performance and risk analytics. The firm has established strong partnerships with the top 18 investments banks, global asset managers, pensions funds and insurance companies.
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Axon Technologies and Keyrus Announce Strategic Partnership to Elevate Cybersecurity Business
Keyrus Acquires Minority Stake in Axon Technologies, adding Axon’s Cybersecurity Portfolio to Keyrus Solutions, and Expanding Keyrus Reach across Middle East and Africa
PARIS and DUBAI, UAE, Feb. 27, 2024 /PRNewswire/ — In a significant development in the cybersecurity sector, Keyrus, an international leader in data intelligence and digital transformation, has announced the acquisition of a minority stake in Axon Technologies, a premier provider of cybersecurity services based in Dubai, UAE. This strategic investment marks a major milestone in Keyrus’ cybersecurity strategy, signalling an ambitious step towards establishing a global cybersecurity powerhouse.
Strategic Expansion and Enhanced Cybersecurity Solutions
The collaboration between Keyrus and Axon Technologies is set to revolutionize the cybersecurity landscape in the Middle East and Africa, particularly with Keyrus’ entry into the lucrative Saudi Arabian market. This move enables Keyrus to pursue its investment in a newly formed cybersecurity business, offering enhanced data security solutions to both existing and new clients.
Eric Cohen, Founder and CEO of Keyrus, expressed his enthusiasm: “This investment in Axon Technologies marks a significant step in our cybersecurity strategy. We’re embarking on an exciting journey to amplify our cybersecurity capabilities and establish a world-class global player in this domain. Axon Technologies’ innovative approach to consulting and managed services aligns perfectly with our vision and culture. We eagerly anticipate integrating Axon into our ecosystem to bolster our cybersecurity solutions and address the digital security challenges of our clients.”
Hadi Hosn, CEO of Axon Technologies, also shared his thoughts: “This partnership marks a new era for Axon Technologies, propelling us further in our mission to protect organizations from cyber threats. We admire the Keyrus vision and believe that our combined strengths will lead to disruptive data and cybersecurity solutions, addressing critical challenges in digital identity, application security, API, and data security across various environments and industries.”
Hadi Darwiche, Chairman of DIV Capital & Co-founder of Axon Technologies: “It’s gratifying to see Axon Technologies grow from a concept into a key player in the cybersecurity field. With Keyrus joining forces with us, we anticipate a period of sustained growth, leveraging our combined experience and established reputations. We are confident that together, Axon Technologies will continue to extend its market presence and deliver top-tier solutions.”
Comprehensive Cybersecurity Portfolio and Global Reach
In a relatively short period, Axon Technologies, founded in 2020, has emerged as a beacon of excellence and innovation in the cybersecurity field, demonstrating remarkable growth and agility in its operations. With a revenue of $3.2 million USD in 2023 and a projected substantial increase of the activities, it represents a testament to its robust business model, exceptional service delivery, and the trust clients place in Axon Technologies. The team made of 30 dedicated professionals is its most valuable asset. Axon Technologies commits to growing its team, fostering a culture of innovation, collaboration, and continuous learning.
Axon Technologies, renowned for its expertise in cybersecurity, will now be able to leverage Keyrus global presence and capabilities. With headquarters in Dubai and a significant footprint in the Middle East, Europe and Africa, Axon Technologies is well-positioned to monitor threats and support client cybersecurity programs across these regions effectively. With the backing of Keyrus’s global network, Axon Technologies is poised for unprecedented growth and are dedicated to setting new standards in the cybersecurity landscape.
The partnership is also expected to enhance the offerings of both companies. Axon Technologies’ expertise in Data Security, Cloud Security, DevSecOps and Managed Security Services aligns seamlessly with the Keyrus strategic objectives in digital, data, AI and cloud transformation initiatives.
About Axon Technologies
Axon Technologies offers comprehensive cybersecurity services including consulting, managed security services, engineering, and testing. The company is a leader in addressing critical infrastructure customers’ cybersecurity needs, from strategic consulting to hands-on management and technical security engineering support and managed security services, ensuring a robust and comprehensive approach to cybersecurity. The company’s service portfolio includes:
Technical Security Consulting & Advisory: Guidance and expertise for technical cybersecurity programs.Advanced Security Testing: Rigorous cybersecurity testing across the environment to identify and address vulnerabilities.Security Engineering & Architecture: Designing and implementing robust security architectures across on-premises and cloud environments.Managed Security Services: Ongoing management and support of cybersecurity operations. About Keyrus
Keyrus, an international player in the consulting and technology sectors and a specialist in data and digital technology, is dedicated to helping enterprises take advantage of the data and digital paradigm to enhance their performance, facilitate and accelerate their transformation, and generate new drivers of growth and competitiveness.
Placing innovation at the heart of its strategy, Keyrus develops a value proposition that is unique in the market and centred around five major service groups, each comprised of multiple solutions:
Automation and Artificial IntelligenceHuman-Centric Digital ExperienceData and Analytics enablementCloud and SecurityBusiness transformation and InnovationBuilding on the combined expertise of more than 3,500 employees active across 27 countries and 4 continents, Keyrus is one of the leading international experts in data, consulting and technology.
Keyrus is listed on Euronext Growth Paris. (ALKEY – ISIN Code: FR0004029411 – Reuters: KEYR.PA – Bloomberg: ALKEY: FP).
About DIV Capital
DIV Capital, originally starting as a family office, now operating as a strategic investment holding firm, specializing in bespoke advisory services. The firm focuses on fortifying family capital through comprehensive offerings that encompass support for early-stage enterprises, strategic asset allocation, and robust governance infrastructure development. The firm operates out of Geneva and Dubai and provides three core services:
Family Asset Support: Tailored support to construct an asset allocation that meets wealth goals.Family Financial Sponsorship: Reinforcement for family-operated businesses, aimed at fostering enduring value creation.Governance and Reporting: Consultation on governance frameworks and the enhancement of reporting standards for comprehensive asset oversight.Forward Looking Statements
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Axon Technologies, Keyrus or DIV Capital do not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will the companies and the affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
Contact: [email protected]
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NDC Group and Valantic form a strategic partnership in EPM solutions
PRAGUE, Feb. 27, 2024 /PRNewswire/ — NDC Group, a leading company in enterprise performance management (EPM) consultancy and data analytics is pleased to announce a strategic partnership with valantic, renowned digital solutions, consulting, and tech innovation company. Through this partnership, the companies aim to offer a joint portfolio of solutions and services in SAP planning and analytics.
Central to this collaboration is the delivery of NDC Financial Consolidation, which offers an automated and streamlined approach to legal and managerial consolidation. While the solution draws inspiration from the concept and functions of previously popular SAP consolidation solutions, it utilizes the modern technologies to enhance automation, performance, user experience, and seamless data integration.
The partnership also gives the chance to offer additional products, including SAC workforce planning content, SAP BusinessObjects migration accelerators, and pre-built content for SAC financial planning. Overall, the combined expertise and product offering enhance the ability of both companies to support customers in driving data-driven transformations within their organizations.
Stefan Blinkmann, Head of SAP Analytics at valantic, emphasizes: “We are very pleased about our new partnership, and we are convinced that our customers will benefit greatly from it. Above all, the NDC Group’s products create added value in the area of consolidation based on SAP Analytics Cloud, and they expand valantic’s range of services. An integrated solution for reporting, planning, and consolidation in SAP Analytics Cloud provides multiple benefits for our customers and enables them to streamline their system landscape.”
Karel Jirik, Head of Products at NDC Group, is also convinced of the benefits of this collaboration: “Our partnership with valantic is an excellent opportunity to leverage the synergies between our teams to streamline and transform our customers’ data landscape. The jointly offered EPM solutions enable precise and swift decision-making and enhance operational efficiency, crucial elements in today’s competitive landscape. I’m particularly pleased we found a lot of commonalities with valantic, and I am convinced together we can deliver better solutions in a shorter time.”
Vladislav Stefanak, CEO of NDC Group, reflects on the partnership’s potential: “This partnership embodies my vision of equipping our clients with advanced functionalities reminiscent of those found in SAP BPC and SAP Financial Consolidation, yet significantly enhanced by leveraging top-tier SAP technologies. Our collaboration with valantic commenced with remarkable synergy from the outset, underpinned by their extensive expertise and knowledge base.”
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