Automated Material Handling Equipment Market
The Global Automated Material Handling Equipment Market size was estimated at USD 42.61 billion in 2022, USD 46.86 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.06% to reach USD 91.76 billion by 2030.
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Continuous rise in demand for automation in industries has revolutionized the adoption of automated material handling equipment. With the advent of technologies such as robotics, wireless technologies, and driverless vehicles, the automated material handling equipment market has witnessed significant growth over the last few years. Major players in automated material handling industry focus on the development of affordable, small, compact, and energy-efficient material handling solutions to reach a wider customer base. Recent boom in e-commerce is a major driver for the materials handling systems, with widespread demand for process automation worldwide. E-commerce industry players aim on improving the quality of their service through minimal waste generation. In developing nations, industrialization and modernization primarily support the market growth.
Segment overview:
The automated material handling manufacturing industry is segmented based on product type, system type, component, application, industry vertical and geography. Based on product type, market is segmented into automated guided vehicle, automated storage and retrieval system, automated crane, robotic system, and automated conveyor & sortation system. By system type it is divided into, unit load material handling system and bulk load material handling system. Based on application, market is segmented into assembly, packaging, transportation, distribution, storage, and waste handling. By Industry vertical, it is divided into automotive, chemical, rubber & plastic, aviation, semiconductor and electronics, e-commerce, food & beverages, metal, and heavy machinery.
Increase in need for automation
With the increase in need for automation in industrial and transport equipment, the use of automated material handling equipment has multiplied significantly. Organizations adopt robotics systems to automate their processes to deliver high quality products, increase their manufacturing capabilities, serve customers better, and efficiently manage their processes. This factor pushes organizations to adopt AMH equipment and further strengthens the market. The effect of this factor is moderate at this stage; however, it is expected to increase in near future.
Technological advancements
With the advent of new technologies, better and efficient automated solutions are being offered in the market. The automated material handling equipment such as robotic systems perform tasks with higher accuracy and precision and help to reduce operational cost. New technologies such as vision automated guided vehicle provide increased throughput, ensure safety, and helps reduce labor costs. Introduction of advanced technologies result in enhanced quality and flexible automated systems which would strengthen the market in the future. The effect of new technologies is moderate in the AHM equipment market, and its impact is expected to increase in near future, owing to increasing adoption of automated material handling equipment in e-commerce industry to shorten the delivery time of products to customers.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Global 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 a particular market space. 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.
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Automated Material Handling Equipment Market segmentation
By Product Type
Automated guided vehicle
Automated storage and retrieval system
Automated crane
Robotic system
Automatic conveyor and sortation system
By System Type
Unit load material handling system
Bulk load material handling system
By Component
Hardware
Software
Services
By Application
Assembly
Packaging
Transportation
Distribution
Storage
Waste Handling
By Industry Vertical
Automotive
Chemical, rubber & plastic
Aviation
Semiconductors & electronics
E-commerce
Food & Beverages
Healthcare
Others(energy, metal, and heavy machinery)
The report has also analysed the competitive landscape of the market with some of the key players being BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Honeywell International Inc., JBT Corporation, Kion Group AG, KNAPP AG, KUKA Aktiengesellschaft (Midea Group Co. Ltd.), Murata Machinery Ltd., TGW Logistics Group GmbH, Toyota Industries Corporation and Viastore Systems GmbH.
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