Automated Material Handling Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Automated Material Handling Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Automated Material Handling Equipment Market

The automated material handling equipment market size was valued at USD 10.18 billion in 2019, and the market is now projected to grow from USD 10.18 billion in 2019 to USD 18.01 billion by 2032, exhibiting a CAGR of 4.2% during the forecast period of 2019-2032.

Pandemic has brought about market uncertainty, main to manufacturing hub shutdowns and delivery chain disruptions. Financial establishments' investments in infrastructure development, such as the European Investment Bank's USD 13,300 million, can be hindered if the virus's severity remains regular. However, the long-time period marketplace balance is expected as important industries shift in the direction of automatic material coping with solutions to reduce labor and gain early returns on investments.

The worldwide e-commerce enterprise is experiencing speedy growth, main to a tremendous call for system automation. Key vendors like Amazon and Walmart are integrating computerized solutions to streamline operations, making them greater green, unique, price-effective, and secure. This strategic move will improve Amazon's warehouse fabric managing, easing the e-trade commercial enterprise. The upward push in the production industry is likewise contributing to automated material handling equipment market growth, as facilities owners attention on quicker, less expensive, and better-exceptional production and shipping. Integrating computerized gadget reduces operational costs and material waste.

The material handling with enterprise is expected to be significantly impacted with the aid of the upward push of smart factories. Monitoring each procedure, along with choosing, sorting, and conveying, is critical for operational efficiency and waste reduction. Smart factories included with automated structures allow this monitoring. Cloud connectivity and records analytics improve asset performance, presenting actual-time actionable statistics. Wireless remote-control system also enhances diagnostics and decrease commissioning time. This trend, coupled with industry 4.0 and smart manufacturing facility creation, gives a potential marketplace for automated material handling equipment.

Comprehensive Analysis of Automated Material Handling Equipment Market

The study explores the market for automatic storage and retrieval systems, conveyors and sortation structures, and automatic guided motors. The automated guided automobile segment is expected to develop because of improvements in technologies like SLAM, synthetic intelligence, and the internet of factors. The automated garage and retrieval machine and conveyor and sorting systems are anticipated to grow fairly because of increasing warehouses and production devices across evolved and growing economies. The market is further categorized into unit load and bulk load, with unit load experiencing the highest growth due to the e-commerce industry and the need for simultaneous handling of multiple goods. Bulk load is expected to grow due to the demand from the food & beverage, pharmaceutical, and other industries for transportation and sorting bulk quantities. The market is further categorized into e-commerce, automotive, food & beverages, pharmaceutical, aviation, semi-conductors & electronics, and others. E-commerce is expected to grow significantly due to online shopping trends, major online suppliers, and rising logistics infrastructure.

The Asia Pacific region lead the automated material handling equipment market share by benefitting a market size of USD 15.07 billion in 2019 due to growing call for production tactics and warehouse gadgets. The growth is driven via increased manufacturing capacities and adoption of fabric dealing with methods in areas like South Korea, China, and Taiwan. Coca-Cola has opened warehouses in Singapore with automatic garage and retrieval systems.

Companies like Daifuku Co., Ltd, Jungheinrich AG, IQY0ta Industries Corporation, BEUMER Group, Cargotec, Kion Group, Crown Equipment Corporation, Honeywell Intelligrated, SSI Schaefer AG, and Hytrol Conveyor Company, Inc. Are focusing on automatic material dealing with structures for logistics solutions agencies due to the growing call for efficiencies at distribution centers and the want for income sports to complement the marketplace for automatic material dealing with equipment.

Jungheinrich unveils a cellular robotic answer at LogiMAT 2023, enhancing warehouse performance and promoting shrewd intralogistics by way of autonomously solving demanding situations.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2016-2027

Base Year 2019

Forecast Period 2020-2027

Historical Period 2016-2018

Unit Value (USD Billion)

SegmentationBy Type

Automated Storage & Retrieval System

Automated Conveyor & Sorting System

Automated Guided Vehicle

By System Load

Unit Load

Bulk Load

By Application

Assembly

Distribution

Transportation

Packaging

Others (Sorting)

By Industry

E-Commerce

Automotive

Food & Beverages

Pharmaceutical

Aviation

Semiconductors & Electronics

Others (Chemicals)

By Region

North America (the U.S. and Canada)

Europe (U.K., Germany, France, and the Rest of Europe)

Asia Pacific (Japan, China, India, Southeast Asia and the Rest of Asia Pacific)

Middle East & Africa (South Africa, GCC and the Rest of the Middle East & Africa)

Latin America (Brazil, Mexico, and the Rest of Latin America)

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