Automated Material Handling Equipment Market Forecasts to 2028 – Global Analysis By Product (Robots, Automated Storage & Retrieval Systems (ASRS) and Other Products), By System Type (Unit Load Material Handling, Bulk Load Material Handling and Other Syste

Automated Material Handling Equipment Market Forecasts to 2028 – Global Analysis By Product (Robots, Automated Storage & Retrieval Systems (ASRS) and Other Products), By System Type (Unit Load Material Handling, Bulk Load Material Handling and Other System Types), By Component (Software, Hardware, Services and Other Components), By Technology (Micro Fulfilment Centres, Dark Stores, Autonomous Machines and Other Technologies), By Application, By End User and By Geography

According to Stratistics MRC, the Global Automated Material Handling Equipment Market is accounted for $29.52 billion in 2022 and is expected to reach $53.15 billion by 2028 growing at a CAGR of 10.3% during the forecast period. Automated material handling systems transport, lift, pull, push, store, and retrieve items without the need for human labor. Automated material handling (AMH) systems make it easier to move materials rapidly between locations in a manufacturing plant, warehouse, retail store, airport, distribution center, and logistics hub. These systems aid in moving materials between locations within the same bay, between departments that are on opposing ends of the manufacturing process, or between two different buildings.

According to China's National Bureau of Statistics, total retail sales in China's consumer products market were around CNY 44.1 trillion in 2021. In metropolitan areas, retail sales were CNY 38.2 trillion, while sales in rural China totalled CNY 5.9 trillion. And the European Investment Bank invested over USD 13,300 million in Europe for the development of infrastructure, environmental projects, financing of SMEs and midcaps.

Market Dynamics:

Driver:

Rise in e-commerce industry

Process automation is in extremely high demand due to the global e-commerce industry's rapid growth. Important suppliers like Amazon, Walmart, and others are gradually incorporating automated technologies to conduct operations in a precise, accurate, economical, and secure manner. For instance, Amazon and Baylo, a French robotic software startup, agreed to a contract in January 2020. This business deal will improve the design and development of cutting-edge robotic solutions for material handling trucks. This strategic step will improve Amazon's ability to manage materials in its warehouse, significantly improving the e-commerce industry.

Restraint:

High integration and switching costs

The market for AMH equipment has challenges because of the significant initial investments required. Companies find it challenging to invest in AMH equipment due to the related costs, which include installation, integration of intelligent sensors and software solutions, after-sales services, and timely maintenance. In addition, small and medium-sized businesses find it challenging to transition from conventional material handling to automated products due to low investment returns and output, restructuring of current warehouses, facility designs, and other factors.

Opportunity:

Substantial industrial growth in emerging economies

Emerging economies like India, Brazil, Mexico, and Indonesia have made significant investments in the development of their infrastructure as a result of their rapid industrialization. In turn, this attracts multinational corporations to locate their production facilities in these nations. Integrating and managing supply chains has led to a need for complex and cutting-edge warehouse facilities. For suppliers of AMH equipment, new development prospects have been triggered by the spike in expenditures made to improve the capacity of supply chains in emerging nations.

Threat:

Development of flexible and scalable AMH equipment

Industries must modify their operations and procedures to keep up with dynamic global market conditions. The demand for flexible and scalable AMH equipment is growing as a result of the considerable market advances that are occurring in sectors including automotive, electronics, food and beverage, and e-commerce. Storage capacity, height restrictions, control technologies, ease of maintenance, energy efficiency, and simplicity of interface with existing infrastructure are all factors that must be taken into consideration. However, because of the always-evolving technology in the material handling ecosystem, it can be difficult for providers to offer a flexible and scalable solution.

Covid-19 Impact:

Due to a considerable increase in online retail sales following the announcement of COVID-19, the COVID-19 epidemic has had a significant impact on the global market for automated material handling equipment. Consumer preferences are constantly evolving, and because of the COVID-19 pandemic's implementation of social distance rules, lockdowns, and other protections, consumers are increasingly turning to online transactions. Additionally, if the size of the virus remained the same, it would hinder existing or upcoming investments funded by different financial organizations for infrastructure development.

The unit load material handling segment is expected to be the largest during the forecast period

Unit Load Material Handling segment dominated the largest share of the global market throughout the projected period. Unit-load material handling systems can frequently result in substantial space savings by allowing for high-density storage, reducing aisle space, and utilizing the facility's vertical height to transform vacant space into useful storage space. Unit-load material handling systems are anticipated to be a growth segment for automated material handling equipment over the course of the projection period due to the e-commerce sector's rising demand for such equipment.

The automated guided vehicles (AGV) segment is expected to have the highest CAGR during the forecast period

Automated Guided Vehicles (AGV) segment is witnessed to have productive growth rate throughout the anticipated period because SLAM (simultaneous localization and mapping), artificial intelligence, and the internet of things have evolved together with other technologies used in AGV. Major firms are also constantly concentrating on improving existing autonomous guided vehicles in order to provide more effective products in logistics environments. For instance, Toyota introduced automated lift trucks with lithium-ion batteries and automated repetitive pallet handling vehicles.

Region with largest share:

Due to China's significant contribution to the expansion of the AMH equipment market in the Asia-Pacific region, the region is predicted to hold the largest proportion of the global market throughout the extrapolated period. The market is expanding as a result of the rising demand for AMH products across a variety of sectors, including manufacturing, the automotive industry, and e-commerce. China has a significant population and promotes the industry. During the current decade, the nation has developed to be the largest economy in the world as well as the largest exporter and dealer. The economy of the nation is currently transitioning from a sector that is driven by manufacturing and construction to a sector that is driven by consumers.

Region with highest CAGR:

Japan is primarily a manufacturing nation, so the Asia-Pacific area is expected to have the highest rate of growth during the projected period of time. In comparison to other wealthy nations, its manufacturing sector accounts for nearly 20% of nominal GDP. The IMF states that the country's manufacturing sector has substantially surpassed the services sector in terms of industrial productivity due to the growing adoption of ICT. The most productive manufacturing industries in the nation are the automotive and electronics industries. However, the demand for AMH systems is anticipated to be driven by an increase in infrastructure expenditure by the government and investments from businesses, combined with Make in India. By 2022, the Indian government aims to witness the manufacturing sector's contribution to the GDP rise from 17% to 25%. Manufacturers are therefore expected to use Industry 4.0 and other digital technologies to accomplish this objective.

Key players in the market

Some of the key players in Automated Material Handling Equipment market include Addverb Technologies, Autocrib, Automation Logistic, Avancon, Bastian Solutions, LLC, Beumer Group GmbH & Co. KG, Bosch Rexroth, Clark, Columbus McKinnon, Crown Equipment Corporation, Daifuku Co., Ltd, Dematic GmbH & Co.,KG, Egemin Group, Inc., Ferreto, Fives Group, Grabit, Hanwha, Honeywell International, Hyster-Yale Material Handling, Hytrol Conveyor Company, Inc., Intelligrated, Inc., Invata Intralogistics , Invia Robotics, JBT Corporation, Jungheinrich, Kion Group AG, KNAPP Group, KUKA AG, Locus Robotics, Meiden America, Mobile Industrial Robots , Murata Machinery, Schaefer Systems International, Inc., Siemens AG, Swisslog Holding AG, TGW Logistics Group, Toyota Industries, Vanderlande Industries, Viastore Systems, Inc., and Westfalia Technologies.

Key Developments:

In August 2022, Interroll opened a new plant in Suzhou during its 20th anniversary year in China. After two decades of success in the Chinese material-handling market, Interroll has now fully prepared for future opportunities in the Asia-Pacific and China by putting a new plant in Suzhou, China, into full operation, effectively doubling production capacities.

In May 2022, Interroll expanded its existing product offering of conveyor solutions for additional industries by introducing new platform technologies that meet stringent hygienic requirements. The Special Hygienic Conveyor (SHC) and the Ultra Hygienic Transfer (UHT) are at the forefront of this innovation offensive.

In March 2022, Honeywell announced a strategic collaboration with OTTO Motors, a division of Clearpath Robotics, providing warehouses and distribution centers across North America an automated option to handle some of the most labor-intensive roles in an increasingly scarce job market.

In March 2022, Toyota Industries Corporation announced its plan to acquire Viastore, a Germany-based Logistics System Integrator, in order to strengthen its Logistics Solutions Business.

In February 2022, KION Group launched the European research project IMOCO. The project could aim to facilitate intelligent trucks to navigate autonomously in a warehouse or factory. IMOCO, which stands for 'intelligent motion control,' is devoted to the safe usage of mobile robotic systems in fast-moving intralogistics environments.

Products Covered:
• Robots
• Automated Storage & Retrieval Systems (ASRS)
• Conveyors & Sortation Systems
• Cranes
• Warehouse Management Systems (WMS)
• Automated Guided Vehicles (AGV)
• Palletizing and Depalletizing Systems
• Real Time Location System (RTLS)
• Other Products

System Types Covered:
• Unit Load Material Handling
• Bulk Load Material Handling
• Other System Types

Components Covered:
• Software
• Hardware
• Services
• Other Components

Technologies Covered:
• Micro Fulfilment Centres
• Dark Stores
• Autonomous Machines
• Other Technologies

Applications Covered:
• Packaging
• Transportation
• Distribution
• Assembly
• Waste Handling
• Labelling
• Sorting
• Storage
• Other Applications

End Users Covered:
• Automotive
• Metals & Heavy Machinery
• Food & Beverage
• Chemical
• Healthcare
• Third Party Logistics (3PL)
• Semiconductor & Electronics
• Aviation
• E-commerce
• Energy
• Postal and Parcel
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements