Automated Intralogistics Material Handling Solutions Market is expected to grow at a 14% of CAGR through 2031

Automated Intralogistics Material Handling Solutions Market 2022 to 2031

The global automated intralogistics material handling solutions market is currently valued at around US$ 43.8 Bn. Sales of automated intralogistics material handling solutions are projected to increase at 14% CAGR through 2031.Product portfolio diversification and customization with long-term supply contracts with rental providers, distributors, as well as direct end users are prominent trends across this landscape.

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Manufacturing and e-Commerce is driving constant demand for automated intralogistics material handling solutions. The fact that there is an automated intralogistics material handling design that is suitable for almost any application involving food & beverages, clothing, pharmacy, FMCG, electronics, etc., makes the market always hugely potential. Demand for automated intralogistics material handling solutions dwindled in 2020 due to the COVID-19 pandemic. Not just 2020, but 2021 is ought to be affected by numerous factors such as supply chain constraints and socio-political changes taking place worldwide.

The Automated Intralogistics Material Handling Solutions Market is a rapidly growing market that is driven by the increasing need for efficient and cost-effective material handling solutions in various industries. Automated intralogistics solutions are used to automate the movement, storage, and handling of materials within a facility. These solutions can include a wide range of technologies, such as conveyor systems, robotics, and warehouse management software.

Key Companies-

• Linde Material Handling
• Dematic
• Jungheinrich AG
• Daifuku Co., Ltd.
• Toyota Industries Corporation
• Mitsubishi Logisnext Co., Ltd.
• Mecalux SA
• Fives Group
• Godrej & Boyce Mfg. Co. Ltd.
• SSI SCHAEFER
• Nexon Automation
• Hannibal Industries
• Conveyco
• KÖHL Maschinenbau AG and more

One of the key drivers of the Automated Intralogistics Material Handling Solutions Market is the increasing adoption of automation in various industries. Automation helps improve productivity, reduce labor costs, and enhance the accuracy and speed of material handling operations. This is particularly beneficial in industries such as manufacturing, e-commerce, and logistics, where there is a high demand for efficient and reliable material handling solutions.

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Key Takeaways from Market Study

• Persistence Market Research predicts a healthy retail sector in economies such as Brazil, India, and the Middle East and Africa. Automated intralogistics material handling solutions ought to grow in tier-2 cities as infrastructural implementations pave the way for these systems.
• The need for flexible, reliable, and fast solutions to transport a variety of materials to different locations is driving demand for autonomous mobile robots (AMRs).
• With recent economic growth, per capita disposable income of consumers has increased, as a result of which consumer goods and retail sector growth has proportionately augmented. Investments in capital infrastructure in warehousing, storage, and distribution facilities by concerned stakeholders are expected to buoy the target market.
• The manufacturing sector is estimated to hold two-fifth of the overall market share.
• Application-wise, storage is projected to hold over half of the overall market share in 2021.
• The global market witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth of -9.6%.
• The market in GCC countries is projected to expand at a CAGR around 9%, while that in ASEAN at close to 14%, through 2031.
• The market in both, India and Brazil is set to surge around 15% CAGR over the next ten years.

"The market may see some more downturns in 2021 too owing to reduced cash collection in 2020, but subsequent quarters thereafter are expected to usher in spending and investments related to warehousing and logistics by respective end users of automated intralogistics material handling solutions," says a Persistence Market Research Analyst.

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Key Questions Answered in This Report -

• What is the Current Valuation of the Automated Intralogistics Material Handling Solutions Market?
• What is the CAGR of the Automated Intralogistics Material Handling Solutions Market during the Forecast Period?
• What is the Anticipated Size of the Automated Intralogistics Material Handling Solutions Market in 2032?
• What Region is Most Lucrative for Automated Intralogistics Material Handling Solutions market?
• Which Segment is the Highest Contributor in the Automated Intralogistics Material Handling Solutions market?

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