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Automated Material Handling Equipment Market Overview 2023-2032 - Forecast Market Size, Top Segments And Largest Region | Daifuku Co Ltd., Toyota Industries Corporation, Kion Group AG
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Automated Material Handling Equipment Global Market Report 2023 identifies The rising e-commerce as the major driver for the automated material handling equipment market's growth in the forecast period. The purchasing and selling of products and services, or the sending of money or data, through an electronic network, typically the internet, is known as e-commerce. The e-commerce sector is rising due to changes in consumer preference, increased convenience, and personalized experience. The automatic material handling equipment provides convenience in good packaging and manages the supply chain ecosystem.
The global automated material handling equipment market size is expected to grow from $34.65 billion in 2022 to $37.64 billion in 2023 at a compound annual growth rate (CAGR) of 8.61%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automated material handling equipment market is expected to reach $48.98 billion in 2027 at a CAGR of 6.81%.
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Major competitors in the automated material handling equipment market are Daifuku Co Ltd., Toyota Industries Corporation, Kion Group AG, Honeywell International Inc., Fritz Schäfer GmbH
A key trend in the automated material handling equipment market includes Technological advancements. Major players are concentrating on creating innovative technologies such as the Internet of Things (IoT) to sustain their position in the automated material handling equipment market. IoT is about tying things together over the internet to build a network of related physical items. Making physical objects "smart" by allowing them to communicate (send/receive) data on their own is the goal. The perfect use and maintenance of automated remote handling systems are made possible through real-time data gathering and analysis, as well as remote monitoring and control.
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The automated material handling equipment market is segmented -
•By Product: Robot, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV
•By System Type: Unit Load Material Handling, Bulk Load Material Handling
•By Vertical: Automotive, Metals And Heavy Machinery, Food And Beverages, Chemicals, Healthcare, 3PL, Semiconductors And Electronics, Aviation, E-Commerce, Other Verticals
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa Asia-Pacific was the largest region in the automated material handling equipment market.
The Business Research Company's "Global Automated Material Handling Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automated Material Handling Equipment Market Include:
1. Executive Summary
2. Automated Material Handling Equipment Market Characteristics
3. Automated Material Handling Equipment Market Trends And Strategies
4. Automated Material Handling Equipment Market - Macro Economic Scenario
5. Automated Material Handling Equipment Market Size And Growth
........
26. Africa Automated Material Handling Equipment Market
27. Automated Material Handling Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automated Material Handling Equipment Market
29. Automated Material Handling Equipment Market Future Outlook and Potential Analysis
30. Appendix
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