Automated Material Handling Equipment Market worth US$ 56.1 Billion by 2028

IMARC Group, a leading market research company, has recently releases report titled “Automated Material Handling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global automated material handling equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Automated Material Handling Equipment Market?

The global automated material handling equipment market size reached US$ 37.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.

What is Automated Material Handling Equipment?

Automated material handling equipment are computerized devices or technologies that utilize robots instead of human labor. Their purpose is to handle materials and products by pulling, lifting, pushing, storing, and retrieving them. This equipment exhibits higher accuracy and precision in performing tasks, reducing the need for human intervention, and lowering operational costs. Automated material handling equipment contributes to increased throughput and ensures safety across various stages, including manufacturing, distribution, warehousing, consumption, and disposal of products and materials. They assist in activities such as forecasting, production planning, resource allocation, inventory control, after-sales support, and services, as well as flow and process management. Consequently, automated material handling equipment finds extensive applications across several sectors, including automotive, aviation, chemicals, semiconductor and electronics, e-commerce, food and beverages (FB), healthcare, etc.

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What are the Growth Prospects and Trends in the Automated Material Handling Equipment Market?

The primary factors driving the automated material handling equipment market include rapid industrialization, the emergence of the fourth industrial revolution or industry 4.0, and the expanding adoption of the internet-of-things IoT, artificial intelligence (AI), and radio-frequency identification (RFID) technologies. Furthermore, the growing employment of the product in the automotive, aerospace, and construction industry to modernize manufacturing processes, enhance flexibility in warehouse operations, and improve supply chain transparency is acting as another significant growth-inducing factor. Additionally, the rising focus of key players in the market on mergers and acquisitions activities, partnerships, and collaborations with other companies to introduce innovative products is also positively influencing the market growth. Apart from this, the emerging trend of remote working models, automation, and digitization of supply chains is expected to stimulate the automated material handling equipment market in the coming years.

Who are the Key Players Operating in the Automated Material Handling Equipment Industry?

The report has also analysed the competitive landscape of the market with some of the key players.

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
Viastore Systems GmbH.

What is Included in Market Segmentation?

The report has categorized the market based on component, product, function, system type, end use industry and region.

Breakup by Component:

Hardware
Software
Services

Breakup by Product:

Conveyors and Sorting Systems
Automated Storage and Retrieval Systems
Robots
Automated Guided Vehicles
Others

Breakup by Function:

Assembling
Packaging
Storage
Transportation
Distribution
Others

Breakup by System Type:

Unit Load
Bulk Load

Breakup by End Use Industry:

Automotive
Chemicals
Aviation
Semiconductor and Electronics
E-Commerce
Food and Beverages
Healthcare
Others

Regional Analysis:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key Highlights of The Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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