Automated Guided Vehicle Market Is Expected To Accelerate At A Whopping 12.5% CAGR by 2032

According to Fact.MR, a supplier of market research and competitive information, sales of automated material handling equipment are anticipated to grow at a CAGR of 7% from 2022 to 2032.

A product life cycle consists of numerous stages, starting with the manufacturing of the product and ending with its delivery to clients or end users. At each stage, automation and material handling are necessary. Any automation that reduces or eliminates the need for human intervention throughout the product production process, leading to enhanced efficiency, is considered automated material handling equipment.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7814

In many sectors, logistics and supply chain management are essential elements that enhance corporate performance. Additionally, it enables suppliers to improve procedures, manage cash flow, and optimise stocks in order to expand their business operations. Automated material handling technology is currently being deployed in manufacturing facilities and warehouses in order to reduce labour costs and downtime, increase production, transportation, and distribution efficiently, and offer an early return on investment.

A substantial increase in demand for automated material handling equipment is also anticipated throughout the projection period as a result of the growing e-commerce sector. The demand for precise, quick, and efficient customer service for delivering purchased goods is rising as more people turn to online shopping, customer expectations are continuously changing, and there is fierce rivalry among online retailing companies.

Furthermore, the incorporation of modern technologies such as SLAM (simultaneous localization and mapping), artificial intelligence (AI), and the Internet of Things (IoT) has ushered in a new era of progress and transformation in the automated material handling equipment market.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

The automated material handling equipment market is valued at US$ 46 billion in 2022.
The market is anticipated to hit US$ 91 billion by the end of 2032.
Demand for automated material handling equipment in Asia Pacific reached US$ 19 billion in 2021.
The European market is expected to increase at a CAGR of 8% from 2022 to 2032
The North American market is likely to progress at a CAGR of 6% from 2022 to 2032

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

Rise of E-Commerce: The booming e-commerce industry demands fast and accurate order fulfillment. AMHE is playing a vital role in enabling the efficiency required for e-commerce giants.

Integration of IoT and AI: Internet of Things (IoT) sensors and Artificial Intelligence (AI) algorithms are being integrated into AMHE to enable real-time monitoring, predictive maintenance, and autonomous decision-making.

Customization and Scalability: Modular AMHE solutions are gaining popularity as they offer customization and scalability to meet specific industry and application needs.

Safety and Sustainability: There is a growing emphasis on the safety of AMHE systems, with innovations such as collision avoidance systems becoming standard. Additionally, sustainability is a focus, with energy-efficient designs and the use of eco-friendly materials.

Cross-Industry Adoption: The adoption of AMHE is expanding beyond traditional industries like manufacturing and logistics, with retail, food and beverage, and even agriculture incorporating these systems.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The automated material handling equipment market is extremely competitive. Key players in the automated material handling equipment market are using growth tactics such as product launches, significant investment in research & development, and partnerships and acquisitions to maintain the intense competition.

In August 2022, Interroll celebrated its 20th anniversary in China by opening a new plant in Suzhou. After two decades of success in the Chinese material-handling industry, Interroll has now completely prepared for future prospects in the Asia Pacific and China by putting a new factory in Suzhou, China, into full operation, virtually doubling manufacturing capabilities.
In December 2021, KION Group established a new forklift truck manufacturing facility in China to provide supply chain solutions. The facility in Jinan has a total volume of around 140 million for the future production of industrial vehicles.
In August 2021, Toyota Material Handling Japan launched the SenS+ operation assist system, which identifies and detects objects and pedestrians behind the forklift and automatically controls and stops the truck's rearward speed.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7814?PS

𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐰𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝐖𝐡𝐲 𝐚𝐫𝐞 𝐉𝐚𝐩𝐚𝐧 𝐚𝐧𝐝 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚 𝐌𝐚𝐣𝐨𝐫 𝐅𝐨𝐫𝐜𝐞𝐬 𝐁𝐞𝐡𝐢𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜?

In the Asia Pacific region, demand for automated material handling equipment reached US$ 19 billion in 2021. The rising demand for automated material handling equipment in Asia Pacific is largely driven by Japan and South Korea.

Japan is mostly an industrial country. While most industrialized nations contribute closer to 10% to their nominal GDP from their manufacturing sector, China contributes about 20%.

Winning Strategy

Key manufacturers of automated material handling equipment have employed a number of organic and inorganic growth strategies to enhance their offerings, such as product innovations, new releases, partnerships, and acquisitions.

In February 2021, Daifuku and AFT industries integrated their material handling expertise in the automotive industry. Daifuku and AFT will gain from each other as part of a strategy to expand channels and assure higher demand and investments in material handling systems from automobile manufacturers.
The Automated Material Handling Equipment market is revolutionizing industries by enhancing efficiency, safety, and sustainability. As technology continues to advance and industries adapt to the demands of the modern world, AMHE will remain at the forefront of automation, ensuring that manufacturing and logistics are more efficient and competitive than ever before. The future of industry is automated, and AMHE is leading the way.

𝐓𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐀𝐌𝐇𝐄

The Automated Material Handling Equipment market is poised for further growth and innovation:

Collaborative Robots: Collaborative robots, or cobots, will play a more significant role in AMHE, working alongside humans to enhance productivity and flexibility.

Blockchain Integration: Blockchain technology may be integrated into AMHE to enhance supply chain transparency and security.

Human-Robot Collaboration: As the technology matures, AMHE will continue to evolve toward more seamless human-robot collaboration in various industries.

Sustainable Practices: The industry will continue to explore sustainable practices, from using renewable energy sources to designing recyclable materials for AMHE systems.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐇𝐚𝐧𝐝𝐥𝐢𝐧𝐠 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

By Product Type :

Robots
Automated Storage & Retrieval Systems (ASRS)
Conveyors & Sortation Systems
Cranes
Other Product Types
By System :
Unit Load Material Handling Systems
Bulk Load Material Handling Systems

By Function :

Storage
Transportation
Distribution
Packaging
Assembly
Waste Handling

By End Use :

Automotive
Metals & Heavy Machinery
Food & Beverages
Chemicals
Semiconductors & Electronics
Healthcare
Aviation
e-Commerce
Other End Uses

By Region :

North America
Latin America
Europe
APAC
MEA

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Us Sales Office :
11140 Rockville Pike
Suite 400
Rockville, Md 20852
United States
Tel: +1 (628) 251-1583

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.