What Factors Propelled The Growth Of The Automated Material Handling Equipment Market In The Past?
The automated material handling equipment market has seen considerable growth due to a variety of factors.
• 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.
What Is the Forecasted Market Size and Growth Rate for The Automated Material Handling Equipment Template Market?
The Automated Material Handling Equipment market is expected to maintain its strong growth trajectory in upcoming years.
• 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.
What Factors Are Driving Growth In The 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.
What Are The Main Segments Of The Global Automated Material Handling Equipment Market?
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
Subsegments:
1) By Robot: Articulated Robots, SCARA Robots, Collaborative Robots (Cobots), Delta Robots
2) By ASRS (Automated Storage and Retrieval Systems): Mini-Load ASRS, Unit-Load ASRS, Micro-Load ASRS
3) By Conveyors And Sortation Systems: Belt Conveyors, Roller Conveyors, Overhead Conveyors, Automated Sortation Systems
4) By Cranes: Overhead Cranes, Gantry Cranes, Jib Cranes
5) By WMS (Warehouse Management Systems): Cloud-Based WMS, On-Premises WMS
6. By AGV (Automated Guided Vehicles): Towing AGVs, Unit Load AGVs, Forklift AGVs, Pallet Trucks AGVs
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What Emerging Trends Are 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.
Who Are the Key Players In The Automated Material Handling Equipment Market?
Major companies operating in the automated material handling equipment market 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
• Witron Logistik + Informatik GmbH
What Is The Most Dominant Region In 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.
