Automated Material Handling Equipment Market

The Automated Material Handling Equipment Market is anticipated to reach US$ 120.90 Bn by 2029 from US$ 54.68 Bn in 2022 at a CAGR of 12 % during a forecast period.

During the manufacture, warehousing, distribution, consumption, and disposal of products and materials, a wide range of actions such as mobility, protection, storage, and control is undertaken. To eliminate human interaction and enhance logistics management, it is increasingly regularly carried out with automated material handling equipment. Forecasting, production planning, resource allocation, inventory control, flow and process management, and after-sales support and services are just a few of the benefits. As a result, many businesses are turning to automated handling technology to improve customer service, minimise inventory, cut delivery times, and reduce total handling costs. To know about the Research Methodology:-Request Free Sample Report

In the report, 2022 is considered a base year however 2022’s numbers are on the real output of the companies in the market. Special attention is given to 2021 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Automated Material Handling Equipment Market Dynamics

A key element driving the growth of the automated material handling equipment market is the introduction of modern technologies such as machine learning, AI, IoT, and robots into these systems. The technologies enable firms to speed up their material handling procedures by allowing for seamless and real-time order picking in production processes. The use of modern technology in distribution centres, such as Automated Guided Vehicles (AGV), allows enterprises to process large quantities of repeated material moves, resulting in increased throughput. Such technologies enable cars to make route decisions based on real-time feedback from the surroundings and the simplicity with which navigational corrections may be made. Additionally, the employment of ultrasonic sensors, visual indications, and emergency stop buttons ensures maximum environmental safety.

The automated material handling equipment market's growth is expected to be hampered by the high operating and maintenance costs involved with these systems. Automation in the production process necessitates seamless operations, which results in greater operating expenses. The expanding tendency of renting equipment as capital costs rise may have an influence on the market's overall growth. Additionally, government regulations governing worker safety and product usage may stymie market growth.

Automated Material Handling Equipment Market Segment Analysis

By Product, by 2029, the conveyors and sortation systems segment will be worth $8.3 billion. Automated conveyor systems are used in distribution centres and manufacturing facilities for transporting raw materials, completed items, and components on a regular basis. Sortation systems, on the other hand, are used to combine, identify, induct, separate, and transport items to certain locations. Manufacturing, wholesale, retail, and distribution operations all benefit from the utilisation of conveyor and sortation systems. Because vast numbers of items or materials can be sorted quickly, these systems help to save labour expenses.

The United States, Canada, Japan, China, and Europe are expected to fuel the worldwide Conveyors & Sortation Systems segment's 5.4 per cent CAGR. By the end of the forecast period, these regional markets, which had a combined market value of US$4.7 billion in 2021, will have grown to US$6.8 billion. The Asia-Pacific market is expected to reach US$1.3 billion by 2029, led by countries like Australia, India, and South Korea.

Automated Material Handling Equipment Market Regional Insight

Expanding urbanisation, rising e-commerce sales, and the considerable presence of technology providers are the key driving drivers for the Asia-Pacific regional segment's growth. As a result, these companies spend in research and development in order to provide novel solutions and stay competitive in the market. Asia-Pacific has risen to become one of the world's most important e-commerce centres. Due to the burgeoning middle-class population in China, India, and Indonesia, as well as the growing use of mobile devices, the area has seen a significant increase in retail e-commerce. China alone is responsible for 40% of global retail e-commerce sales.

In the Asia-Pacific region, China has been a major contributor to the growth of the AMH market. China, the world's second-biggest economy, is expected to reach a market size of US$14.2 billion by 2029, with an annual growth rate of 8.3% throughout the forecast period. Additionally, rising demand for AMH goods across industries like manufacturing, automotive, and e-commerce, among others, is favourably impacting the market's growth.

In the year 2021, the Automated Material Handling Equipment market in the United States is expected to be worth $7.7 billion dollars. Japan and Canada are two more important geographic markets, with forecasted growth rates of 5.9% and 6.7 per cent, respectively, for the forecast period. Germany is expected to grow at a CAGR of around 6.5 per cent in Europe.

Report Objectives:

1. Landscape analysis of the Automated Material Handling Equipment Market
2. competitive benchmarking
3. Past and current status of the industry with the forecasted market size and trends
4. Evaluation of potential key players that include market leaders, followers, and new entrants
5. Technology trends
6. The potential impact of micro-economic factors on the market
7. External and Internal factors affecting the market have been analyzed

The report also helps in understanding the Automated Material Handling Equipment Market dynamics, structure by analysing the market segments project the Automated Material Handling Equipment Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Automated Material Handling Equipment Market make the report investor’s guide.

Automated Material Handling Equipment Market Scope : Inquire before buying

Automated Material Handling Equipment Market by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Automated Material Handling Equipment Market: Key Players

1. Dematic
2. Murata Machinery
3. SSI Schaefer
4. Vanderlande
5. Siemens AG
6. Bosch Rexroth
7. Swisslog Holding AG
8. SSI Schaefer AG
9. Toyota Industries Corporation
10.JBT Corporation
11.Bastian Solutions, Inc.
12.Daifuku
13.Hyster-Yale Material Handling
14.Jungheinrich
15.KION
16.Hanwha
17.John Bean Technologies
18.KUKA
19.BEUMER
20.Fives
21.KNAPP
22.TGW
23.Viastore

Frequently Asked Questions:

1. Which region has the largest share in Global Automated Material Handling Equipment Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Market?
Ans: The Global Automated Material Handling Equipment Market is growing at a CAGR of 12% during forecasting period 2023-2029.

3. What is scope of the Global market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global market?
Ans: The important key players in the Global Market are – Dematic, Murata Machinery, SSI Schaefer, Vanderlande, Siemens AG, Bosch Rexroth, Swisslog Holding AG, SSI Schaefer AG, Toyota Industries Corporation, JBT Corporation, Bastian Solutions, Inc., Daifuku, Hyster-Yale Material Handling, Jungheinrich, KION, Hanwha, John Bean Technologies, KUKA, BEUMER, Fives, KNAPP, TGW, Viastore, and

5. What is the study period of this market?
Ans: The Global Market is studied from 2022 to 2029.