The automated material handling equipment market is expected to reach $44.68 billion by 2022, at a CAGR of 7.9% between 2016 and 2022. These are among the findings of a recent report by Markets and Markets titled “Material Handling Equipment Market - Global Forecast to 2022.” According to the report, the growth of this market is propelled by the increasing demand for automated solutions, advancements in technology, the need to ensure a safe working environment, and reduction in labor cost through advanced robotics. Unit load material handling systems are estimated to hold a large share and grow at a high…
Honeywell has announced that it has completed its $1.5 billion acquisition of Intelligrated, a privately held leader in supply chain and warehouse automation solutions, which was previously announced in July. “With the continued growth of e-commerce, retailers and supply chain companies need a range of enterprise solutions to enhance their operational accuracy, efficiency and safety,” said John Waldron, president and CEO, Honeywell Safety and Productivity Solutions. “We welcome the talented Intelligrated team to Honeywell and look forward to bringing together their innovative automated material handling solutions and software with our data capture and workflow performance technology. Our offering will enable…
The global automated truck loading system (ATLS) market was valued at $1.67 billion in 2015 and is expected to reach $2.88 billion by 2022, at a CAGR of 7.65% during the forecast period. The report defines and forecasts the global automated truck loading system market segmented by loading dock, system type, and truck type. It also includes profiles of key players operating in this market and analyzes their market rankings and core competencies. The report gathered data on key vendor revenues through secondary research such as Material Handling Institute (MHI) and International Warehouse Logistics Association (IWLA) as well as interviews…
Donnelly Custom Manufacturing is a leader in short-run injection molding of thermoplastics for industrial OEMs. To quickly switch between tasks and handle different objects, the company sought a cost-effective automated solution. A new collaborative robot can shift to a new task in a matter of minutes as the production line changes. At its facility in Alexandria, Minn., Donnelly has deployed two robots (Rethink Robotics) on the manufacturing floor to perform duties that are often time-consuming and repetitive, but must be performed without error. The facility is equipped to handle more than 13,000 mold changeovers per year, including multiple changes per…
The North American automation industry has set new records to begin 2016, according to the Association for Advancing Automation (A3), the industry’s trade group. A3 tracks the robotics, machine vision and motion control markets for its three daughter associations, Robotic Industries Association (RIA), AIA - Advancing Vision + Imaging, and Motion Control & Motor Association (MCMA). After adding 119 new member companies in 2016, A3 and its daughter organizations now represent 965 member companies directly involved with robotics, vision, motion control and motors. Robot Statistics A total of 14,583 robots valued at approximately $817 million were ordered from North American…
Business consultancy NOVONOUS has estimated that the global industrial robots market will achieve annual CAGR of 15% till 2020. Material handling robots are the most dominant robots in market revenue share, with major applications in automotive, food and beverage industries. This is followed by welding robots which have major applications in automotive industries. Geographically, Asia Pacific is the major market for industrial robots with a share of 55% of the global market revenue. The market is dominated by five countries, with China, Japan, Republic of South Korea, USA, and Germany covering almost 70% of the market. According to the report,…
RoboBusiness is launching the first-ever Chief Robotics Officer (CRO) Network Summit on September 27, 2016 in San Jose, California – the day before the RoboBusiness Conference & Expo. This half-day executive meeting offers companies and technology professionals exploring the adoption of robotics and intelligent operational systems a unique opportunity to prepare for robotics technology management and gain a practical and actionable vision of what the CRO role is and will become. According to RoboBusiness, by 2030, 80% of multi-billion dollar companies will have a CRO, an emerging role key to achieving corporate-wide robotics adoption, and which is to the robotics…
A new report suggests the global material handling collaborative robots market is expect to undergo “phenomenal growth” as industrial manufacturers deploy them to assist their human workforce. According to the report, cobots—also known as co-bots or collaborative robots—are smaller, more affordable, user-friendly and flexible than traditional industrial robotics, and are especially suitable and appealing to small and medium-sized enterprises for industrial manufacture. Cobots designed for material handling process represent the most prevalent application of collaborative robots. The automotive industry has been the largest consumer of newly ordered material handling cobots. Pick and place represents the largest application among all the…
Baldor Electric Company recently named Matt Price its new food and beverage industry business manager. In this role, Price and his team are responsible for gaining specification and preference at key food and beverage accounts for Baldor Reliance motors, Baldor Dodge mechanical power transmission products and ABB robots and drives. The team will also drive the development of industry strategies, relationships, corporate agreements and sales demand. Price joined the company in 1992 and held jobs of increasing responsibility including field sales engineer, corporate purchasing category manager and plant manager. For the past four years, he worked as general manager of…
