North America Automated Material Handling Equipment Market Size Expands at CAGR of 7.87% to Surpass USD 18 Billion by 2030
North America Automated Material Handling Equipment Market is flourishing because of the rapidly growing e-commerce sector and rising focus on operational efficiency.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the North America Automated Material Handling Equipment Market size at USD 11.48 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the North America Automated Material Handling Equipment Market size to expand at a CAGR of 7.87% reaching a value of USD 18.09 billion by 2030. Growing industrial output and rising consumer demand for higher quality and more efficient products are two of the key growth drivers for the North American automated material handling equipment market. The market for Automated Material Handling Equipment in North America is also expected to be driven by the growing integration of innovative technologies, such as artificial intelligence (AI), the Internet of Things (IoT), and machine learning, into material handling and industrial processes over the forecast period.
Opportunity: Rising demand for automation across industries
Automated material handling equipment is gaining significant demand traction across many industries, including food & beverages, metals & heavy machinery, chemicals, automotive, and healthcare. The growth of the market in these industries is mainly attributed to the advantages it offers, such as improved quality control, space maximization, reduced contamination, lowered operating costs, and streamlined workflow. The use of AMH equipment, such as robotics and automated guided vehicles (AGV), assists in performing manual tasks, such as pick and place, storage, retrieval, and transportation, which enhance worker safety and reduce human errors and accidents. Such benefits are anticipated to drive the North America automated material handling equipment market during the forecast period.
North America Automated Material Handling Equipment Market
Segmental Coverage
North America Automated Material Handling Equipment Market – By System Type
Based on system type, the North America Automated Material Handling Equipment Market is bifurcated into unit load material handling and bulk load material handling segments. The unit load material handling segment holds a larger share in the North America Automated Material Handling Equipment Market. The growth of the segment is mainly attributed to improved efficiency, safer handling of containers, and reduced accidents at warehouses. These unit loads are considered safer in container handling and reduce product waste and handling costs by limiting workforce handling.
North America Automated Material Handling Equipment Market – By Country
The in-depth research report on the North America Automated Material Handling Equipment Market covers the market in the United States and Canada. The United States dominates the North America Automated Material Handling Equipment Market owing to its high industrial production. The US manufacturing output will account for 16% in 2021 and rank second after China, according to Cato Org, an American libertarian think tank. The manufacturers in the region are significantly investing in automation to reduce their operational costs and tackle surging labor costs, which is directly fueling the demand for automated material handling equipment in the country.
Competitive Landscape
Major players operating in the North America Automated Material Handling Equipment Market include Honeywell Intelligrated, Dematic, SSI Schaefer, Murata Machinery, USA, Inc., Swisslog Holding AG, Kardex Group, Vanderlande Industries, BEUMER Group, and Westfalia Technologies, Inc.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the North America Automated Material Handling Equipment Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the North America Automated Material Handling Equipment Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. North America Automated Material Handling Equipment Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Labor Costs
- 3.2.1.2. E-commerce Growth
- 3.2.1.3. Focus on Operational Efficiency
- 3.2.2. Restraints
- 3.2.2.1. High Initial Cost
- 3.2.2.2. Skilled Workforce Shortage
- 3.2.3. Opportunities
- 3.2.3.1. Customization & Personalization
- 3.2.3.2. Data-driven Decision Making
- 3.2.4. Challenges
- 3.2.4.1. Regulatory Uncertainty
- 3.2.4.2. Ethical Considerations
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. North America Automated Material Handling Equipment Market Overview
- 4.1. Market Size & Forecast by Value & Volume, 2019–2030
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Product
- 4.2.1.1. Robots
- 4.2.1.2. ASRS
- 4.2.1.3. Conveyors & Sortation Systems
- 4.2.1.4. Cranes
- 4.2.1.5. WMS
- 4.2.1.6. AGV
- 4.2.2. By System Type
- 4.2.2.1. Unit Load Material Handling
- 4.2.2.2. Bulk Load Material Handling
- 4.2.3. By Vertical
- 4.2.3.1. Automotive
- 4.2.3.2. Metals & Heavy Machinery
- 4.2.3.3. Food & Beverage
- 4.2.3.4. Chemical
- 4.2.3.5. Healthcare
- 4.2.3.6. 3PL
- 4.2.3.7. Semiconductor & Electronics
- 4.2.3.8. Aviation
- 4.2.3.9. E-commerce
- 4.2.3.10. Others
- 4.2.4. By Country
- 4.2.4.1. United States
- 4.2.4.2. Canada
- 5. United States Automated Material Handling Equipment Market Overview
- 5.1. Market Size & Forecast by Value & Volume, 2019–2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Product
- 5.2.2. By System Type
- 5.2.3. By Vertical
- 6. Canada Automated Material Handling Equipment Market Overview
- 6.1. Market Size & Forecast by Value & Volume, 2019–2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By System Type
- 6.2.3. By Vertical
- 7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. North America Automated Material Handling Equipment Company Market Share Analysis, 2022
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- 8. Impact of Escalating Geopolitical Tensions on North America Automated Material Handling Equipment Market
- 9. Impact of Covid-19 on North America Automated Material Handling Equipment Market
- 10. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
- 10.1. Honeywell Intelligrated
- 10.2. Dematic
- 10.3. SSI Schaefer
- 10.4. Murata Machinery, USA, Inc.
- 10.5. Swisslog Holding AG
- 10.6. Kardex Group
- 10.7. Vanderlande Industries
- 10.8. BEUMER Group
- 10.9. Intelligrated
- 10.10. Westfalia Technologies, Inc.
- 10.11. Other Prominent Players
- 11. Key Strategic Recommendations
- 12. Research Methodology
- 12.1. Qualitative Research
- 12.1.1. Primary & Secondary Research
- 12.2. Quantitative Research
- 12.3. Market Breakdown & Data Triangulation
- 12.3.1. Secondary Research
- 12.3.2. Primary Research
- 12.4. Breakdown of Primary Research Respondents, By Region
- 12.5. Assumption & Limitation
- *Financial information of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1 North America Automated Material Handling Equipment Market Segmentation
- Figure 2 North America Automated Material Handling Equipment Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 North America Automated Material Handling Equipment Market Size, By Value (USD Billion), 2019–2030
- Figure 5 North America Automated Material Handling Equipment Market Share, By Product, By Value, 2019–2030
- Figure 6 North America Automated Material Handling Equipment Market Share, By System Type, By Value, 2019–2030
- Figure 7 North America Automated Material Handling Equipment Market Share, By Vertical, By Value, 2019–2030
- Figure 8 North America Automated Material Handling Equipment Market Share, By Country, By Value, 2019–2030
- Figure 9 United States Automated Material Handling Equipment Market Size, By Value (USD Billion), 2019–2030
- Figure 10 United States Automated Material Handling Equipment Market Share, By Product, By Value, 2019–2030
- Figure 11 United States Automated Material Handling Equipment Market Share, By System Type, By Value, 2019–2030
- Figure 12 United States Automated Material Handling Equipment Market Share, By Vertical, By Value, 2019–2030
- Figure 13 Canada Automated Material Handling Equipment Market Size, By Value (USD Billion), 2019–2030
- Figure 14 Canada Automated Material Handling Equipment Market Share, By Product, By Value, 2019–2030
- Figure 15 Canada Automated Material Handling Equipment Market Share, By System Type, By Value, 2019–2030
- Figure 16 Canada Automated Material Handling Equipment Market Share, By Vertical, By Value, 2019–2030
- List of Tables
- Table 1 North America Automated Material Handling Equipment Market Share, By Product, By Value, 2019–2030
- Table 2 North America Automated Material Handling Equipment Market Share, By System Type, By Value, 2019–2030
- Table 3 North America Automated Material Handling Equipment Market Share, By Vertical, By Value, 2019–2030
- Table 4 North America Automated Material Handling Equipment Market Share, By Country, By Value, 2019–2030
- Table 5 United States Automated Material Handling Equipment Market Share, By Product, By Value, 2019–2030
- Table 6 United States Automated Material Handling Equipment Market Share, By System Type, By Value, 2019–2030
- Table 7 United States Automated Material Handling Equipment Market Share, By Vertical, By Value, 2019–2030
- Table 8 Canada Automated Material Handling Equipment Market Share, By Product, By Value, 2019–2030
- Table 9 Canada Automated Material Handling Equipment Market Share, By System Type, By Value, 2019–2030
- Table 10 Canada Automated Material Handling Equipment Market Share, By Vertical, By Value, 2019–2030
- Table 11 Honeywell Intelligrated Company Overview
- Table 12 Honeywell Intelligrated Financial Overview
- Table 13 Dematic Company Overview
- Table 14 Dematic Financial Overview
- Table 15 SSI Schaefer Company Overview
- Table 16 SSI Schaefer Financial Overview
- Table 17 Murata Machinery, USA, Inc. Company Overview
- Table 18 Murata Machinery, USA, Inc. Financial Overview
- Table 19 Swisslog Holding AG Company Overview
- Table 20 Swisslog Holding AG Financial Overview
- Table 21 Kardex Group Company Overview
- Table 22 Kardex Group Financial Overview
- Table 23 Vanderlande Industries Company Overview
- Table 24 Vanderlande Industries Financial Overview
- Table 25 BEUMER Group Company Overview
- Table 26 BEUMER Group Financial Overview
- Table 27 Intelligrated Company Overview
- Table 28 Intelligrated Financial Overview
- Table 29 Westfalia Technologies, Inc. Company Overview
- Table 30 Westfalia Technologies, Inc. Financial Overview
- Table 31 Other Prominent Players Company Overview
- Table 32 Other Prominent Players Financial Overview
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