Press release
Automated Material Handling Equipment Market Set to Reach $59.4 Billion by 2029 with 8% Yearly Growth
Automated Material Handling Equipment Market
The automatic material handling equipment market is being fueled by the growth of e-commerce. E-commerce, the electronic buying and selling of goods and services, money and data transfers, usually over the internet, has seen a surge due to a shift in consumer preferences, convenience, and customized experiences. Equipment for automatic material handling contributes to efficient goods packaging and supply chain management. For example, Shopify Inc., based in Canada, reported in August 2023 that the global e-commerce sector is expected to reach a worth of $6.3 trillion in 2023. This number is set to rise in the future, with the prediction being that by 2024, online purchases will make up 21.2% of all retail sales. Moreover, in February 2023, Forbes, a business magazine and media company from the US, declared that the global e-commerce market is forecasted to surpass $8.1 trillion by 2026. As a result, this e-commerce growth will drive the automatic material handling equipment market.
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What is the projected compound annual growth rate (CAGR) of the automated material handling equipment market from 2025 to 2034, and what factors influence it?
The market size of automated material handling equipment has seen robust growth in the past few years. The sector is expected to increase from a market value of $40.14 billion in 2024 to $43.34 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.0%. The historic growth of this market can be linked to factors such as the need for scalability, a shift towards just-in-time manufacturing, the globalization of supply chains, the emergence of robotics, and the optimization of logistics.
The market size for automated material handling equipment is predicted to witness robust expansion in the forthcoming years, reaching $59.43 billion in 2029, with a compound annual growth rate (CAGR) of 8.2%. The progress during the forecast period can be associated with aspects such as industry digitalisation, warehouse automation, advancements in industry 4.0, initiatives in smart manufacturing and the demand for customised solutions. Other key trends during the forecast period includes resilience in supply chain, sustainable practices, remote monitoring and control, urbanisation and logistics as well as software integration.
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How are the latest trends influencing the growth of the automated material handling equipment market?
Technological innovation ranks as a leading trend in the automated material handling equipment market. With key players focused on generating new technologies such as deep automation, they aim to maintain their standing in the market. Usually, deep automation refers to an elevated level of automation engaging high-tech attributes, frequently integrating artificial intelligence (AI) and machine learning (ML) competencies. For example, Epiroc AB, a company based in Sweden with a specialization in equipment and services, launched deep automation in May 2023. The goal of this device is to enhance productivity, safety, and efficiency in underground mining procedures, reducing human input, and enhancing the accuracy and precision of material handling processes. Revolutionizing operations such as drilling, loading, hauling, and dumping, this cutting-edge technology signifies the latest iteration in automated solutions for underground material handling.
What are the major segments of the automated material handling equipment market and their role in driving growth?
The automated material handling equipment market size has grown strongly in recent years. It will grow from $40.14 billion in 2024 to $43.34 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. 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.
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Which regions are key players in the growth of the automated material handling equipment market?
Asia-Pacific was the largest region in the automated material handling equipment market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automated material handling equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the automated material handling equipment market?
Major companies operating in the automated material handling equipment market 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, 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
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What Is Covered In The Automated Material Handling Equipment Global Market Report?
• Market Size Forecast: Examine the automated material handling equipment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automated material handling equipment market for a structured understanding.
• Key Players Overview: Analyze major players in the automated material handling equipment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automated material handling equipment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automated material handling equipment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automated material handling equipment market.
• Industry Challenges: Identify potential risks and obstacles affecting the automated material handling equipment market.
• Competitive Landscape: Review strategic developments in the automated material handling equipment market, including expansions, agreements, and new product launches.
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