Automated Material Handling Equipment Market by Product (Bulk Material Handling Equipment, Conveyor & Sortation Systems, Industrial Trucks & Automated Guided Vehicles), Application (Assembly, Distribution, Packaging), End User - Global Forecast 2024-2030

Automated Material Handling Equipment Market by Product (Bulk Material Handling Equipment, Conveyor & Sortation Systems, Industrial Trucks & Automated Guided Vehicles), Application (Assembly, Distribution, Packaging), End User - Global Forecast 2024-2030

The Automated Material Handling Equipment Market size was estimated at USD 46.86 billion in 2023 and expected to reach USD 51.56 billion in 2024, at a CAGR 10.07% to reach USD 91.76 billion by 2030.

Automated material handling equipment refers to systems and machinery that handle, move, and store materials within a facility or at a worksite with minimal human interaction. Automated material handling equipment is integrated with computerized control systems, enabling precision and efficiency in moving products through the workflow. Automated material handling equipment significantly improves production efficiency, inventory management, and accuracy of order fulfillment. By automating repetitive and labor-intensive tasks, these systems reduce the threat of human error and workplace injuries. The increasing need for automation due to a growing emphasis on workplace safety, the efficiency of operations, and the rise in online retail sales have created a need for faster and more efficient order fulfillment processes. Moreover, the push for sustainable operations leads end-users to invest in green automation technologies that optimize energy use and reduce waste. However, the high initial investments and continuous need for upgrades can hinder the adoption of automated material handling equipment among small to medium enterprises. Moreover, the complexity of integrating new automation systems with existing operations can be a substantial challenge. Nevertheless, advancements in technologies such as the Internet of Things, robotics, and machine learning are also expected to play a crucial role in enhancing the capabilities of material handling equipment in the coming years.

Regional Insights

The Asia Pacific region is experiencing notable growth in the automated material handling equipment market due to rapid industrialization. The consumer needs in this region stem from the expansion of the manufacturing sector, the rise in eCommerce, and the increasing focus on workplace safety and efficiency. Vendors in the Asia-Pacific are investing in sophisticated systems to cope with the high-volume throughput required by consumers. Recent investments in smart warehouses, robotics, and the Internet of Things (IoT) integration are notable trends, indicating a strong push towards innovation in the automated material handling equipment market. In the Americas, increased labor costs, a focus on streamlining operations, and a shift toward eCommerce drive the need for automation. Consumers in the Americas prioritize reliability, efficiency, and after-sales support when purchasing automated material handling equipment. Initiatives for using renewable energy sources in material handling equipment and emphasizing circular economy principles reflect the changing customer purchasing behavior in the Americas. Europe, particularly EU countries, exhibits a high demand for automated material handling equipment due to advanced manufacturing practices, stringent regulations on worker safety, and the need for operational efficiency. Investments in research and innovation, supported by various EU-funded initiatives, have led to the development of cutting-edge automated material handling equipment solutions suited to the European market's strict standards. The Middle East is seeing growth in logistics and warehousing, influenced by the region's strategic position as a global logistics hub.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Automated Material Handling Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Expanding Global Manufacturing Sector
    • Benefits of Material Handling Equipment Over the High Labor Costs and Safety Concerns
    • Demand for Material Handling Equipment for Modern eCommerce
    • Market Restraints
      • High Ownership Cost of Automated Material Handling Equipment
      • Market Opportunities
        • Continuous Increasing Demand for Advanced Automation in Automotive Industry
        • Integration of Advanced Technology such as Iot Platform for Material Handling
        • Growing Industrialization in Developing Countries
        • Market Challenges
          • Possible Downtime due to Malfunction and Lack of Skilled Workforce to Handle
          • Market Segmentation Analysis
            • Product: Significant adoption of conveyors and sortation systems in warehouse operations
            • Application: Penetration of automated material handling equipment to ensure efficient packaging operations
            • End User: Emerging applications of automated material handling equipment across E-commerce sector
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automated Material Handling Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automated Material Handling Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Rockwell Automation Signs Agreement to Acquire Autonomous Robotics Vendor Clearpath Robotics
              
              Rockwell Automation announced the strategic acquisition of Clearpath Robotics Inc. and its OTTO Motors Division, expanding its prowess in automated material handling solutions. The synergy between Rockwell's integrated control systems and Clearpath's autonomous mobile robots (AMRs) sets the stage for streamlining production logistics, ensuring timely placement of materials, and enhancing operational efficiency within manufacturing facilities.
              
              MH Equipment to Distribute Material Handling Robots
              
              MH Equipment, a Peoria, Illinois-based provider of comprehensive material handling solutions, entered a strategic partnership with OTTO Motors, a Canadian autonomous mobile robots (AMRs) company. MH Equipment is poised to meet the surging regional demand for advanced AMRs by joining forces with OTTO Motors and becoming a certified dealer. With a network of over 30 service locations spread across multiple states, including Illinois, Indiana, Iowa, Kentucky, Missouri, Nebraska, Ohio, Pennsylvania, South Dakota, and West Virginia, MH Equipment is uniquely positioned to offer sophisticated material handling automation on a large scale.
              
              Toyota Material Handling Launches Three New Electric Models
              
              Toyota Material Handling launched three new electric forklift models: the Side-Entry End Rider, the Center Rider Stacker, and the Industrial Tow Tractor. In alignment with the company's kaizen philosophy of continuous improvement, these additions exemplify Toyota's commitment to delivering the smartest and most reliable solutions to enhance customer efficiency and productivity.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automated Material Handling Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Automated Material Handling Equipment Market, highlighting leading vendors and their innovative profiles. These include AMH Material Handling, Automatic Handling International, Inc., BEUMER Group, Daifuku Co., Ltd., Diamond Phoenix Limited, E80 GROUP S.p.A., Honeywell International Inc., Hyster-Yale Materials Handling, Inc., IHI Corporation, Invia Robotics Inc., JBT Corporation, Jungheinrich AG, Kardex Holding AG, Kion Group AG, Knapp AG, KUKA AG, MasterMover Group, Mitsubishi Electric Automation, Inc., Murata Machinery, Ltd., Rockwell Automation, Inc., Scott Automation Ltd., Seegrid Corporation, Shanghai Seer Intelligent Technology Corporation, SSI SCHAEFER Group, System Logistics S.p.A., TGW Logistics Group, Toyota Industries Corporation, Westfalia Technologies Inc., Youibot Robotics Co., Ltd., Zebra Technologies Corp., and ZF Friedrichshafen AG.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Automated Material Handling Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Product
              • Bulk Material Handling Equipment
              • Conveyor & Sortation Systems
              • Industrial Trucks & Automated Guided Vehicles
              • Robots
              • Storage & Handling Equipment
              • Application
                • Assembly
                • Distribution
                • Packaging
                • Storage
                • Transportation
                • Waste Handling
                • End User
                  • Automotive
                  • Aviation
                  • Chemicals
                  • E-commerce
                  • Food & Beverages
                  • Metals & Heavy Machinery
                  • Pharmaceuticals & Medical Devices
                  • Semiconductor & Electronics
                  • Region
                    • Americas
                      • Argentina
                      • Brazil
                      • Canada
                      • Mexico
                      • United States
                        • California
                        • Florida
                        • Illinois
                        • New York
                        • Ohio
                        • Pennsylvania
                        • Texas
                        • Asia-Pacific
                          • Australia
                          • China
                          • India
                          • Indonesia
                          • Japan
                          • Malaysia
                          • Philippines
                          • Singapore
                          • South Korea
                          • Taiwan
                          • Thailand
                          • Vietnam
                          • Europe, Middle East & Africa
                            • Denmark
                            • Egypt
                            • Finland
                            • France
                            • Germany
                            • Israel
                            • Italy
                            • Netherlands
                            • Nigeria
                            • Norway
                            • Poland
                            • Qatar
                            • Russia
                            • Saudi Arabia
                            • South Africa
                            • Spain
                            • Sweden
                            • Switzerland
                            • Turkey
                            • United Arab Emirates
                            • United Kingdom
                            
                            
                            Please Note: PDF & Excel + Online Access - 1 Year