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Automated Material Handling (AMH) Equipment Market Size, Share and Report 2023-2030

11-27-2023 10:40 AM CET | Industry, Real Estate & Construction

Press release from: DataM Intelligence 4Market Research

Automated Material Handling Equipment Market - DataM Intelligence

Automated Material Handling Equipment Market - DataM Intelligence

Report Overview
The Global Automated Material Handling (AMH) Equipment Market report reveals that the market reached USD million in 2021 and is poised for substantial growth, with expectations to reach up to USD million by 2030. The forecast period from 2023 to 2030 anticipates a robust compound annual growth rate (CAGR) of 9.10%.

Automated Material Handling (AMH) refers to automation solutions that reduce or eliminate the need for human intervention in tasks such as checking items in and out, organizing materials, or transporting totes and bins storing library contents. The mechanical equipment used in AMH systems includes check-in devices, sorters, conveyors, singulators, stackers & unstackers, totes, bins, trolleys, and tote carriers.

AMH systems leverage conveyors, vertical elevators, and autonomous vehicles to move materials based on route and process step information provided by the Manufacturing Execution System (MES). Various technologies, such as RFID, barcoding, optical character recognition (OCR), near-field communication, or ultra-wideband indoor tracking, are employed to determine the position of materials or carriers for transport within the AMH system. The projected growth in the market underscores the increasing adoption of automated solutions for material handling, driven by efficiency and productivity benefits.

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Market Dynamics

The increasing technological progress is driving the evolution of better and more effective automated solutions in the market. Emerging technologies are leading to the introduction of advanced robotic systems that can perform tasks with higher accuracy and precision, contributing to a reduction in operational expenses. A notable example is the use of vision automated guided vehicles, which leverage new technologies to enhance output, ensure safety, and lower personnel costs.

By incorporating cutting-edge technologies, the market is witnessing the development of automated systems characterized by higher quality and greater adaptability. This technological advancement is expected to have a positive long-term impact on the market for Automated Material Handling (AMH) equipment. Although the immediate impact of innovations may be minimal, the market is anticipated to grow, driven in part by the increasing adoption of automated material handling technology in the e-commerce sector to expedite client product delivery.

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Market Segmentation

By Product
Robots
Automated Storage and Retrieval System
Conveyor and Sortation System
Cranes
Automated Guided Vehicle
Warehouse Management System

By System
Unit Load Material Handling System*
Bulk Load Material Handling System

By End-User
Automotive
Aviation
Chemicals
Semiconductors and Electronics
E-commerce
Food & Beverages
Healthcare

Market Key Players
Major players are Daifuku Co. Ltd., Kardex Group, KION Group, KNAPP AG, JBT Corporation, Jungheinrich AG, TGW Logistics Group GmbH, SSI Schaefer AG, Mecalux SA and System Logistics S.p.A.

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About DataM Intelligence:
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

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