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Automated Material Handling Equipment Market worth $91.76 billion by 2030, growing at a CAGR of 10.07% - Exclusive Report by 360iResearch
Automated Material Handling Equipment Market | 360iResearch
The Global Automated Material Handling Equipment Market to grow from USD 46.86 billion in 2023 to USD 91.76 billion by 2030, at a CAGR of 10.07%.
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Automated material handling equipment refers to systems and machinery that handle, move, and store materials within a facility or at a worksite with minimal human interaction. Automated material handling equipment is integrated with computerized control systems, enabling precision and efficiency in moving products through the workflow. Automated material handling equipment significantly improves production efficiency, inventory management, and accuracy of order fulfillment. By automating repetitive and labor-intensive tasks, these systems reduce the threat of human error and workplace injuries. The increasing need for automation due to a growing emphasis on workplace safety, the efficiency of operations, and the rise in online retail sales have created a need for faster and more efficient order fulfillment processes. Moreover, the push for sustainable operations leads end-users to invest in green automation technologies that optimize energy use and reduce waste. However, the high initial investments and continuous need for upgrades can hinder the adoption of automated material handling equipment among small to medium enterprises. Moreover, the complexity of integrating new automation systems with existing operations can be a substantial challenge. Nevertheless, advancements in technologies such as the Internet of Things, robotics, and machine learning are also expected to play a crucial role in enhancing the capabilities of material handling equipment in the coming years.
The Asia Pacific region is experiencing notable growth in the automated material handling equipment market due to rapid industrialization. The consumer needs in this region stem from the expansion of the manufacturing sector, the rise in eCommerce, and the increasing focus on workplace safety and efficiency. Vendors in the Asia-Pacific are investing in sophisticated systems to cope with the high-volume throughput required by consumers. Recent investments in smart warehouses, robotics, and the Internet of Things (IoT) integration are notable trends, indicating a strong push towards innovation in the automated material handling equipment market. In the Americas, increased labor costs, a focus on streamlining operations, and a shift toward eCommerce drive the need for automation. Consumers in the Americas prioritize reliability, efficiency, and after-sales support when purchasing automated material handling equipment. Initiatives for using renewable energy sources in material handling equipment and emphasizing circular economy principles reflect the changing customer purchasing behavior in the Americas. Europe, particularly EU countries, exhibits a high demand for automated material handling equipment due to advanced manufacturing practices, stringent regulations on worker safety, and the need for operational efficiency. Investments in research and innovation, supported by various EU-funded initiatives, have led to the development of cutting-edge automated material handling equipment solutions suited to the European market's strict standards. The Middle East is seeing growth in logistics and warehousing, influenced by the region's strategic position as a global logistics hub.
Market Segmentation & Coverage:
This research report categorizes the Automated Material Handling Equipment Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Bulk Material Handling Equipment, Conveyor & Sortation Systems, Industrial Trucks & Automated Guided Vehicles, Robots, and Storage & Handling Equipment. The Bulk Material Handling Equipment commanded largest market share of 27.03% in 2023, followed by Industrial Trucks & Automated Guided Vehicles.
Based on Application, market is studied across Assembly, Distribution, Packaging, Storage, Transportation, and Waste Handling. The Assembly commanded largest market share of 29.60% in 2023, followed by Transportation.
Based on End User, market is studied across Automotive, Aviation, Chemicals, E-commerce, Food & Beverages, Metals & Heavy Machinery, Pharmaceuticals & Medical Devices, and Semiconductor & Electronics. The Automotive commanded largest market share of 19.31% in 2023, followed by Semiconductor & Electronics.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 41.45% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automated Material Handling Equipment Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automated Material Handling Equipment Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automated Material Handling Equipment Market, highlighting leading vendors and their innovative profiles. These include AMH Material Handling, Automatic Handling International, Inc., BEUMER Group, Daifuku Co., Ltd., Diamond Phoenix Limited, E80 GROUP S.p.A., Honeywell International Inc., Hyster-Yale Materials Handling, Inc., IHI Corporation, Invia Robotics Inc., JBT Corporation, Jungheinrich AG, Kardex Holding AG, Kion Group AG, Knapp AG, KUKA AG, MasterMover Group, Mitsubishi Electric Automation, Inc., Murata Machinery, Ltd., Rockwell Automation, Inc., Scott Automation Ltd., Seegrid Corporation, Shanghai Seer Intelligent Technology Corporation, SSI SCHAEFER Group, System Logistics S.p.A., TGW Logistics Group, Toyota Industries Corporation, Westfalia Technologies Inc., Youibot Robotics Co., Ltd., Zebra Technologies Corp., and ZF Friedrichshafen AG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automated Material Handling Equipment Market, by Product
7. Automated Material Handling Equipment Market, by Application
8. Automated Material Handling Equipment Market, by End User
9. Americas Automated Material Handling Equipment Market
10. Asia-Pacific Automated Material Handling Equipment Market
11. Europe, Middle East & Africa Automated Material Handling Equipment Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automated Material Handling Equipment Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automated Material Handling Equipment Market?
3. What is the competitive strategic window for opportunities in the Automated Material Handling Equipment Market?
4. What are the technology trends and regulatory frameworks in the Automated Material Handling Equipment Market?
5. What is the market share of the leading vendors in the Automated Material Handling Equipment Market?
6. What modes and strategic moves are considered suitable for entering the Automated Material Handling Equipment Market?
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