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Automated Material Handling Equipment Market in 2024: Consumption Analysis, Business Overview, and Upcoming Trends to 2033
Automated Material Handling Equipment Market
The Business Research Company presents an extensive market research report on the Automated Material Handling Equipment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The automated material handling equipment market size has grown strongly in recent years. It will grow from $37.36 billion in 2023 to $40.44 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to demand for scalability, shift to just-in-time manufacturing, globalization of supply chains, rise of robotics, logistics optimization..
The automated material handling equipment market size is expected to see strong growth in the next few years. It will grow to $55.03 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to industry digitization, warehouse automation, industry 4.0 advancements, smart manufacturing initiatives, demand for customizable solutions.. Major trends in the forecast period include supply chain resilience, sustainable practices, remote monitoring and control, urbanization and logistics, software integration..
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Key Market Players:
Major companies operating in the automated material handling equipment market report are Daifuku Co Ltd., Toyota Industries Corporation, Kion Group AG, Honeywell International Inc., Fritz Schäfer GmbH, The Beumer Group GmbH & Co KG, Cargotec Oyj, John Bean Technologies Corporation, Murata Machinery Ltd., INCAS SpA S.U., Jungheinrich AG, KNAPP Group, Midea Group, TGW Logistics Group, Siemens AG, Robert Bosch GmbH, Schaefer Systems International Inc., Hyster-Yale Materials Handling Inc., Fives Group, KUKA AG, SSI Schaefer Systems International DWC LLC, Vecna Robotics Inc., Grey Orange Pte. Ltd., The Interroll Worldwide Group, Swisslog Holding AG, Dematic GmbH, Vanderlande Industries, Grenzebach Maschinenbau GmbH, Bastian Solutions LLC, Mecalux S.A., Viastore Systems GmbH, Witron Logistik + Informatik GmbH
Market Drivers:
The rising e-commerce is driving the automatic material handling equipment market. 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. For instance, according to Forbes, an American business magazine, in the US, e-commerce sales reached $870 billion in 2021, up 50.5% from the previous year. In the US, e-commerce accounted for 13.2% of retail sales in 2021. Thus, such a rise in e-commerce will propel the automatic material handling equipment market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/automated-material-handling-equipment-global-market-report
The automated material handling equipment market covered in this report is segmented -
1) By Product: Robot, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV
2) By System Type: Unit Load Material Handling, Bulk Load Material Handling
3) By Vertical: Automotive, Metals And Heavy Machinery, Food And Beverages, Chemicals, Healthcare, 3PL, Semiconductors And Electronics, Aviation, E-Commerce, Other Verticals
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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