Press release
Automated Material Handling Equipment Market to Reach US$ 45.9 Bn by 2030, Driven by Growing Demand for Automation in Manufacturing Processes with 9.1% CAGR
Reports and Insights Business Research Pvt Ltd
The automated material handling equipment market is estimated to reach at a value of US$ 22.8 Bn by the end of 2022 and expected to reach at a value of US$ 45.9 Bn by 2030 with a significant CAGR of 9.1%.
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As per the report, the growing demand for incorporation of automation and modernization in manufacturing processes across the world is primarily driving the growth of the global automated material handling equipment market. In various manufacturing processes, any automation that minimizes or eliminates the need for humans in various activities such as check-out, check-in, sort material, or moving totes and bins containing other material is known as automated material handling equipment. The automated material handling equipment speeds up productivity as well as improves efficiency, owing to which it witnesses huge demand in the global market, thus propelling the growth of the global automated material handling equipment market report.
Also nowadays, in order to enhance business competitiveness and performance, supply chain management and logistics management has become essential aspect across several industries. Thus, satisfying customers' demands and providing the right commodity, in the right time, at the right place, and in the right condition is very important. This allows providers to maintain cash disbursements, establishing inventories, and enhance the performance of the processes, further prospering business activities. In such situations, automated material handling equipment assists in the smooth functions of all the processes, thereby boosting the growth of the global automated material handling equipment market.
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Moreover, with the introduction of advanced technologies such as wireless technologies, robotics, and driverless vehicles, the automated material handling equipment market has observed rapid growth across the world. In addition, the key market players of the global market are also focused in the automated material handling industry and on the manufacturing of affordable, tiny, portable, and energy-efficient material handling solutions so that it can reach to a broader customer base, thus stimulating the demand globally.
Although the huge initial installation cost of automated material handling equipment acts as one of the major barriers and restraining the growth of the global automated material handling equipment market.
Automated Material Handling Systems Market Key Players
Some of the key participating players in the automated material handling systems market are:
Daifuku Co., Ltd.
SSI SCHAEFER AG
Dematic
Honeywell Intelligrated
Toyota Industries Corporation
Murata Machinery, Ltd.
KNAPP AG
BEUMER Group GmbH
Swisslog Holding AG
Material Handling Systems
TGW Logistics Group
WITRON Logistik+Infomatik GmbH
Kardex Group
Elettric80 S.p.A.
System Logistics S.p.A.
DMW&H
viastore SYSTEMS GmbH
LÖDIGE Industries GmbH
Stöcklin Logistik AG
Jungheinrich AG
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