Automated Material Handling Equipment And Systems Market Size Set For Rapid Growth, To Reach Around $50 billion by the end of 2032
According to the report, global automated material handling equipment and systems market was evaluated at $31 billion in 2023 and is slated to hit $50 billion by the end of 2032 with a CAGR of nearly 5.46% between 2024 and 2032.
Zion Market Research has published a new report titled “Automated Material Handling Equipment And Systems Market By Product (Robots, Automated Guided Vehicles (AGV), Conveyor & Sortation Systems, Automated Storage & Retrieval Systems, And Others), By System (Unit Load Material Handling System And Bulk Load Material Handling System), By Application (Transportation, Waste Handling, Packaging, Assembly, And Distribution), And By Industry Vertical (Automotive, Metals & Heavy Machinery, Food & Beverages, Semiconductor & Electronics, Retail, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2024 – 2032”.
Automated materials handling is an automation technology that eliminates the necessity of humans to check-in, check-out, and move bins containing the bulk of the material. The mechanical components used in automated material handling include sorters, conveyors, check-in machines, singulators, and stackers. In some material handling processes, there must be a scanner to read the bar code and RFID tags.
Increasing automation need in almost every industry has changed the very phase of the application of automated material handling equipment and systems and has brought a paradigm shift in semiconductors & electronics industry. With the inception of new technologies including robotics, automated vehicles, and wireless technologies, the automated material handling equipment and systems market has observed a noticeable development in the past few years. Furthermore, the growing necessity of improving operational efficiency is one of the key aspects driving the expansion of automated material handling equipment and systems market. The product improves the efficiency of operation and optimizes the workflow by using automated guided vehicles and other components such as robots, conveyors, etc. Moreover, major players in the market are focusing mainly on the producing cost-effective and energy-efficient material handling solutions in order to expand their customer base. However, some technical glitches in the components of AMH (automated materials handling) system can restrain the global automated material handling equipment and systems market growth.
On the basis of product, the global automated material handling equipment and systems market is segmented into robots, automated guided vehicles (AGV), conveyor & sortation systems, automated storage & retrieval systems, and others. System segment includes a unit load material handling system and bulk load material handling system. Application wise the market is divided into transportation, waste handling, packaging, assembly, and distribution. Various industry verticals analyzed in this market are automotive, food & beverages, metals & heavy machinery, semiconductor & electronics, retail, and others.
Geographic regions included in global automated material handling equipment and systems market study are Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa with it further segmented into major countries. Among region, North America is slated to have the largest market share in overall automated material handling equipment and systems market. The thriving retail industry in the U.S. helped automated material handling equipment and systems market to grow significantly in the North America region. According to the recent study, it is estimated that two-thirds of U.S. GDP will come from the retail sector in the coming years. Hence, businesses in the region are focusing more on consumer preferences and effective material handling processes by adopting advanced automated material handling equipment.
Major players operating across automated material handling equipment and systems market are -
Daifuku Co. Ltd.
Dematic Group S.A.R.L
Siemens AG
Toyota Industries Corporation
Bosch Rexroth
Murata Machinery Ltd.
Swisslog Holding AG
JBT Corporation
SSI Schaefer AG
Bastian Solutions
others.
The report segments global automated material handling equipment and systems market as follows:
Global Automated Material Handling Equipment and Systems Market: Product Segment Analysis
- RobotsFixed RobotMobile Robot
- Automated Guided Vehicles (AGV)Pallet TruckUnit Load CarriersForklift TruckOthers
- Conveyor & Sortation SystemsRollerBeltOverheadOthers
- Automated Storage & Retrieval SystemsCarouselFixed AisleVertical Lift Module
- Others
Global Automated Material Handling Equipment and Systems Market: System Segment Analysis
- Unit Load Material Handling System
- Bulk Load Material Handling System
Global Automated Material Handling Equipment and Systems Market: Application Segment Analysis
- Transportation
- Waste Handling
- Packaging
- Assembly
- Distribution
Global Automated Material Handling Equipment and Systems Market: Industry Vertical Segment Analysis
- Automotive
- Metals & Heavy Machinery
- Food & Beverages
- Semiconductor & Electronics
- Retail
- Others
Global Automated Material Handling Equipment and Systems Market: Regional Segment Analysis
- North AmericaThe U.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
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