Press release
Automated Material Handling Equipment Market Overview by Top Players Segments Demand and Forecast till 2028
Automated Material Handling Equipment Market
Industrial robotics is becoming increasingly entangled with Artificial Intelligence (AI), big data, and other technologies. It is predicted that robots would boost productivity and provide advanced smart assistance to humans in the future. Automated material handling systems are computerized technologies using robots instead of human labor. These systems are used to lift, pull, store, push, and retrieve materials and products. The automated material handling systems can bring a new amount of productivity in different application areas, including manufacturing plants and warehouses. Growing era of industrial robotics is contributing towards the growth of automated material handling equipment market growth.
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Companies Profiled in this report includes:
• Fives
• Jungheinrich AG
• Kion Group AG
• kuka AG
• Daifuku Co., Ltd.
• Hyster-Yale Materials Handling, Inc.
• BEUMER Group GmbH & Co. KG
• Hanwha Corporation
• John Bean Technologies Corporation
• Toyota Industries Corporation
The players are significantly investing in developing industrial robots integrated with AI. Further, the Chinese government is expanding its efforts to integrate AI into industrial robots. The integration will reduce the human intervention, which will benefit countries with inadequate and expensive labor forces. However, this may also result in loss of employment in labor-intensive economies.
Additionally, higher adoption of robotics, rise in big data, increase in inclination towards e-commerce, and proliferation of micro-fulfillment centers are projected to create lucrative business opportunities in automated material handling equipment market during the forecast period.
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Automated Material Handling Equipment Market Segmentation:
By Product:
• Robots
• Automated Storage & Retrieval System
• Automated Conveyors & Sortation System
• Automated Cranes
• Automated Guided Vehicles
By System Type:
• Unit Load
• Bulk Load
By Component:
• Hardware
• Software
• Services
Function:
• Storage
• Transportation
• Assembly
• Packaging
• Distribution
• Waste Handling
Industry:
• Automotive
• Electronics
• Food & Beverages
• E-Commerce
• Aerospace
• Logistics
• Pharmaceuticals
The automated material handling equipment market size is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America. In 2022, APAC led the automated material handling equipment market with a substantial revenue share, followed by Europe. Further, Asia Pacific is expected to register the highest CAGR in the automated material handling equipment market from 2022 to 2028.
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