Global Automated Material Handling Equipment Market Report and Forecast 2024-2032

Global Automated Material Handling Equipment Market Report and Forecast 2024-2032

Global Automated Material Handling Equipment Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global automated material handling equipment market is projected to grow at a CAGR of 7% between 2024 and 2032. Aided by the soaring demand for efficient, cost-effective logistics solutions and the widening applications of automated material handling equipment across diverse industries, the market is expected to grow significantly by 2032.

Automated material handling equipment comprises systems and devices such as automated guided vehicles (AGVs), robotics, conveyor systems, and automated storage and retrieval systems (AS/RS). These machines are integral for increasing productivity, reducing operational costs, and improving workplace safety in sectors like manufacturing, warehousing, and distribution. They play a crucial role in streamlining operations, mitigating human error, and enhancing overall business efficiency.

The growing demand for efficient logistics solutions is primarily driving the global automated material handling equipment market growth. As businesses worldwide strive for enhanced operational efficiency and productivity, the demand for automated solutions that reduce manual labour and optimise workflow has surged. Moreover, the rising trend of automation and digitalisation across industries has further spurred the popularity of automated material handling equipment.

The broadening applications of automated material handling equipment in various industries are another significant growth propellant. In the manufacturing sector, these systems ensure consistent product quality by minimising errors and optimising process control. The e-commerce industry utilises this equipment to speed up order fulfilment processes and manage high-volume product handling. Furthermore, the use of these systems in the aviation industry for baggage handling and cargo operations contributes to market growth.

The rising emphasis on workplace safety is also a key driver of the automated material handling equipment market development. By reducing the need for manual handling of goods, these systems help mitigate workplace injuries, thereby promoting a safer work environment. Consequently, industries with extensive material handling needs, such as automotive, food and beverage, and pharmaceuticals, have significantly increased their investment in automated material handling solutions.

Lastly, the ongoing technological advancements, including the development of AI-integrated material handling equipment and the adoption of IoT, are significantly bolstering the automated material handling equipment market demand. These technological enhancements promise improved system integration, predictive maintenance, and real-time tracking, thereby elevating the capabilities of automated material handling equipment.

Market Segmentation

The market can be divided based on component, product, system type, end use, and region.

Market Breakup by Component

• Software
• Hardware
• Services

Market Breakup by Product

• Robots
• Automated Storage and Retrieval Systems (ASRS)
• Conveyor and Sortation Systems
• Cranes
• Automated Guided Vehicles (AGV)

Market Breakup by System Type

• Unit Load Material Handling Systems
• Bulk Load Material Handling Systems

Market Breakup by End Use

• Automotive
• Semiconductors and Electronics
• Food and Beverages
• Chemicals
• Pharmaceuticals
• Aviation
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global automated material handling equipment market. Some of the major players explored in the report by Expert Market Research are as follows:

• Daifuku Co., Ltd.
• Jungheinrich AG
• Kion Group AG
• Toyota Industries Corporation
• Hyster-Yale Materials Handling, Inc.
• KUKA AG
• John Bean Technologies Corporation
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.