Automated Material Handling Market - Forecasts from 2024 to 2029

Automated Material Handling Market - Forecasts from 2024 to 2029

The automated material handling market is expected to expand at a CAGR of 7.22% over the projected period, from US$35.531 billion in 2024 to US$50.341 billion by 2029.

The Automated material handling market involves the utilization of automated solutions, equipment, and computer programs to transfer, store, and manage heavy materials or goods in a different facility like warehousing, manufacturing, or distribution sites effectively. The objective of automated material handling is to increase productivity, decrease labor costs, and increment safety in the storage and moving of materials. These systems incorporate different innovations such as conveyors, robots, automated storage facilities, retrieval systems, automated guided vehicles, and others.

In addition, they can be tailored to fulfill the particular requirement of a specific facility, such as high-speed or heavy load handling, or the capacity to handle sensitive or hazardous materials. Automated material handling solutions are broadly utilized in the manufacturing sector to advance efficiency, and improve work environment safety by avoiding occupational injuries to workers.

AUTOMATED MATERIAL HANDLING MARKET DRIVERS:

Growing demand for e-commerce is expected to accelerate the automated material handling market.

There is consistent expansion witnessed in the e-commerce sector that has significantly increased the growth of efficient automated material handling. Further, with the rapid adoption of e-commerce retailing and the rise in automation, the utilization of automated systems like automated vehicles and conveyors is growing as they offer efficiency and productivity. The e-commerce automated material handling incorporated storing, receiving, and distributing various goods and products. The rise of the e-commerce industry in the world is anticipated to boost the market share of automated material handling.

According to the ITA report, there is a consistent rise in the global B2B e-commerce industry which was worth U$21,019 billion in 2022 and will grow to account for US$36,163 billion by 2026. This rise in the e-commerce expenditure of the world is potentially increasing the flow of packages and parcels, propelling the demand for automated material handling for timely and fast processes.

Additionally, online retailers need quick and accurate order packaging and delivery, which could be achieved through efficient material handling operations, and automation in the sector helps to reach accuracy in fulfillment without errors. Automated material handling systems, such as automated storage and retrieval systems (AS/RS), automated conveyor belts, and automated guided vehicles (AGVs), have become essential tools for achieving this objective by the market.

Moreover, according to the data from the ISB Institute of Data Science and Ecom Express approximately 125 million consumers shop online in India, and about 84 million additional shoppers will be included in this by 2025. Further, fashion and accessories are the biggest category with a 60% share among other materials. This rise will fuel the larger number of online orders and the need for efficient supply chain infrastructure, hence providing potential opportunities to utilize automated material handling equipment for different facilities such as assembly, and packaging functions across multiple industries.

Automated Material Handling Market Geographical Outlook
The Europe region is anticipated to hold a considerable automated material handling market share.

The European region is expected to show considerable growth due to the growing deployment of material handling solutions along with the growing footprint of warehouses and logistics, which are expected to drive a high demand in the market. Moreover, the European government through their policies and initiatives is supporting automation in industries and advancement in technology which will further contribute to regional market expansion.

Additionally, there are new innovative launches and collaborations witnessed by regional players to expand their automated material handling portfolio which is expected to drive the growth in the regional market. For instance, in May 2023, Speedcargo collaborated with Germany-based company, Güdel to launch an automation system for ULD palletizing, focusing on revolutionizing ground handling operations. The system was the first robotic end-to-end material handling product in the world. They can handle cargo of different weights and sizes and standard to odd-shaped, tending to the challenges confronted by automated solutions in the airfreight sector.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Market Segmentation:

Automated Material Handling Market is segmented and analyzed as below:

By Type

Automated Conveyor & Sorting System
Automated Storage and Retrieval System
Automated Guided Vehicle

By Industry Vertical

Airport
Manufacturing
Healthcare
Chemical
Paper
Food and Beverage
Warehousing
Others

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
United Kingdom
France
Italy
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
India
South Korea
Indonesia
Thailand
Taiwan
Others