Press release
Future Perspectives: Key Trends Shaping the Automated Material Handling Equipment Market Up to 2030
Automated Material Handling Equipment
Strong Growth Outlook for the Automated Material Handling Equipment Market Size Through 2030
The market for automated material handling equipment is forecasted to grow substantially, reaching a valuation of $61.14 billion by 2030. This represents a compound annual growth rate (CAGR) of 7.5% during the forecast period. This upward trajectory is fueled by several factors, including rising investments in intelligent logistics infrastructure, an escalating appetite for comprehensive warehouse automation, expansion of automation technologies in cold storage facilities, greater adoption in emerging economies, and a sharpened focus on real-time inventory tracking and visibility. Key trends expected to influence this growth include the increasing use of fully automated warehouse systems, wider deployment of robotic picking and sorting technologies, enhanced integration of automated guided vehicles (AGVs) and automated storage and retrieval systems (ASRS), the rapid expansion of AI-driven warehouse management software, and a stronger emphasis on optimizing throughput and space utilization.
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Leading Companies Steering the Automated Material Handling Equipment Market
A number of prominent companies dominate the automated material handling equipment industry. Notable market leaders include 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, and Witron Logistik + Informatik GmbH.
In a recent development in October 2024, ZAPI GROUP, an Italy-based provider specializing in electrification systems, motion controllers, electric motors, high-frequency battery chargers, and autonomous navigation technologies for material handling and industrial equipment, acquired UBIQUICOM. Although the acquisition amount was not disclosed, the move is intended to boost ZAPI GROUP's automation capabilities, broaden its portfolio of integrated solutions for original equipment manufacturers (OEMs), and strengthen its standing in the global automated material handling and AGV markets. UBIQUICOM is known for its advanced real-time locating systems (RTLS) and tracking technologies that enhance safety, efficiency, and productivity across production, supply chain, and logistics functions.
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Key Factors Propelling Growth in the Automated Material Handling Equipment Market
Leading players in this market are actively innovating with new product lines, particularly electric forklifts, to capture greater market share. Electric forklifts, powered by rechargeable batteries, serve as an eco-friendly alternative to conventional gasoline or diesel-powered forklifts, supporting sustainability goals. For example, in May 2023, Toyota Material Handling Corporation (TMHC), headquartered in Sweden and specializing in industrial vehicle development and distribution, introduced a range of electric forklift models.
The centerpiece of their new lineup is the electric Center Rider Stacker, featuring a unique three-in-one design that merges the capabilities of an order picker, counterbalanced forklift, and center rider into a single versatile unit. It boasts a lift height of 72 inches and a lifting capacity of 2,500 pounds, delivering high productivity while reducing personnel, operational, and equipment costs. Additional new electric products include a side-entry end rider, another center rider stacker, and an industrial tow tractor. These offerings prioritize operator comfort and provide users with unmatched versatility, efficiency, and industry-leading performance.
Comprehensive Segmentation of the Automated Material Handling Equipment Market
The market is segmented across multiple dimensions to cover a range of products, system types, and industry verticals, including:
1) By Product Type:
- Robots
- Automated Storage and Retrieval Systems (ASRS)
- Conveyors and Sortation Systems
- Cranes
- Warehouse Management Systems (WMS)
- Automated Guided Vehicles (AGV)
2) By System Type:
- Unit Load Material Handling
- Bulk Load Material Handling
3) By Vertical Market:
- Automotive
- Metals and Heavy Machinery
- Food and Beverages
- Chemicals
- Healthcare
- Third-Party Logistics (3PL)
- Semiconductors and Electronics
- Aviation
- E-Commerce
- Other Verticals
Further breakdowns within product categories include:
- Robots: Articulated Robots, SCARA Robots, Collaborative Robots (Cobots), Delta Robots
- ASRS: Mini-Load ASRS, Unit-Load ASRS, Micro-Load ASRS
- Conveyors and Sortation: Belt Conveyors, Roller Conveyors, Overhead Conveyors, Automated Sortation Systems
- Cranes: Overhead Cranes, Gantry Cranes, Jib Cranes
- WMS: Cloud-Based WMS, On-Premises WMS
- AGV: Towing AGVs, Unit Load AGVs, Forklift AGVs, Pallet Trucks AGVs
This detailed segmentation helps companies tailor their solutions to meet specific industry demands and technological preferences, supporting continued innovation and market penetration through 2030.
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