Automated Material Handling Equipment Market Size, Share & Trend Analysis, By Product, By System Type, By Industry, By Geography Competitive Tactics, and Segment Forecast to 2031

Automated Material Handling Equipment Market: Introduction

Automated material handling equipment market revenue for the year 2022 accounted for US$ 28.5 Bn and is expected to grow at a CAGR of 8.4% during the forecast period of 2023 to 2031.

The Reports and Insights team has drafted a market research report on the worldwide market for automated material handling equipment to identify the primary market drivers, market trends, challenges, and opportunities that business owners encounter. The report includes the market segmentation forecast, geographic perspective, and recent market developments for automated material handling equipment. Additionally, it provides extensive information on market size, market share, industry and product insights, SWOT analysis, Porter's five forces analysis, PESTEL analysis, heat map analysis, market forecast, and prominent market players for automated material handling equipment.

Automated material handling equipment refers to a broad range of machinery and systems that are used to move, store, and transport goods and materials within a manufacturing or distribution facility. These automated systems are designed to reduce the need for manual labor and increase the efficiency and speed of the material handling process.

Scope of the Report:

Report Metric	Report Details
Market size available for the years	2021-2031
Base year	2022
Forecast Period	2023-2031
Segments Covered	By Product, By System Type, By Industry, and By Region
Regions Covered	North America The U.S. & Canada Latin America Brazil, Mexico, Argentina, & Rest of Latin America Asia Pacific China, India, Japan, Australia & New Zealand, ASEAN, & Rest of Asia Pacific Europe                                                                            The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, & Rest of Europe Africa North Africa, Egypt, & Rest of Africa The Middle East GCC Countries, Israel, & Rest of the Middle East
Companies Covered	Daifuku, KION, SSI Schaefer, Toyota Industries, Honeywell International, Hyster-Yale Material Handling, Jungheinrich, Hanwha, John Bean Technologies, KUKA, Beumer, KNAPP, Murata Machinery, TGW Logistics, Viastore, and among others

Automated Material Handling Equipment Market: Dynamics

Market Drivers:

Increasing Demand for Faster and More Efficient Material Handling Solutions

The increasing demand for faster and more efficient material handling solutions is a major market driver for automated material handling equipment as these systems are designed to improve the speed and efficiency of material handling processes. As global supply chains become more complex and customer expectations for fast delivery times continue to rise, companies are under increasing pressure to find ways to move materials and goods more quickly and efficiently. Automated material handling equipment can help companies meet this demand by reducing the time and effort required to move materials from one location to another. These systems can perform tasks such as picking, packing, and sorting with greater speed and accuracy than manual labor, allowing companies to handle larger volumes of materials and goods in less time.

Growing Labor Costs and Shortages

Growing labor costs and shortages are also significant market drivers for automated material handling equipment as these systems can help companies reduce their reliance on manual labor, which is becoming more expensive and harder to find. Manual material handling tasks can be physically demanding and often require specialized skills, which can make it difficult for companies to find and retain skilled workers. Automated material handling equipment can perform many of these tasks with greater speed and accuracy than manual labor, reducing the need for human workers and helping to mitigate the impact of labor shortages. This not only reduces labor costs but also helps to improve worker safety by reducing the risk of injuries and accidents associated with manual material handling tasks. Attributing to such factors, the global automated material handling equipment market is projected to rise at a significant pace in the coming years.

Market Restraints:

High Upfront Costs

One primary market restraint for automated material handling equipment is the high upfront cost of purchasing and implementing these systems. Automated material handling equipment often requires significant capital investment, including the cost of hardware, software, and installation. For small and medium-sized businesses, this cost can be a significant barrier to entry, making it difficult for them to adopt these systems and compete with larger companies. Such factors are likely to slow down the market growth in the near future.

Market Opportunities:

Growing Demand for Personalization

One major market opportunity for automated material handling equipment is the increasing demand for customization and personalization in the manufacturing and logistics industries. As customers demand more customized and personalized products, companies need to be able to quickly and efficiently handle smaller batches of materials and goods. Automated material handling equipment can help companies achieve this by enabling faster and more flexible material handling processes, allowing companies to respond quickly to changing customer demands. Such factors are estimated to offer major growth opportunities to the automated material handling equipment market growth over the forecast period.

Market Trends:

Integration of Artificial Intelligence (AI) & Machine Learning (ML) Technologies

One of the growing trends for automated material handling equipment is the integration of artificial intelligence (AI) and machine learning (ML) technologies. By incorporating AI and ML into material handling equipment, companies can improve their operational efficiency and reduce the risk of errors and delays. For example, AI-powered sorting systems can automatically detect and sort materials based on their characteristics, improving the accuracy and speed of the sorting process. As these technologies continue to evolve, we can expect to see even greater integration of AI and ML in automated material handling equipment. Such trends are anticipated to boost the material handling equipment market growth over the years.

Automated Material Handling Equipment Market: Market Size and Share

The automated material handling equipment market is witnessing steady growth in the past recent years and is expected to grow significantly over the years. The Asia-Pacific region is expected to dominate the market, driven by the increasing adoption of automation in industries such as e-commerce, automotive, and food and beverage. The growing demand for faster and more efficient material handling solutions, coupled with the rising labor costs and shortages, is driving the adoption of automated material handling equipment across various industries.

Automated Material Handling Equipment Market: Market Growth

The market growth of automated material handling equipment is being driven by several factors, including the increasing demand for faster and more efficient material handling solutions, the growing need to reduce labor costs and shortages, and the trend towards Industry 4.0 and digitalization. In addition, advancements in technology such as AI, ML, and robotics are further fueling the growth of this market, as they enable more flexible, intelligent, and responsive material handling processes. The COVID-19 pandemic has also accelerated the adoption of automation in industries such as e-commerce and logistics, as companies seek to reduce the risk of contagion and improve their supply chain resilience. All of these factors are expected to continue driving the growth of the automated material handling equipment market in the coming years.

Automated Material Handling Equipment Market Segmentation Outlook

These segments provide a detailed understanding of the market and help identify the growth opportunities in different regions and end-use industries. The market participants can use this information to design effective marketing strategies and target specific segments of the market to increase their market share.

The automated material handling equipment market is segmented based on products, system type, industry, and region.

By Products

Robots

Automated Storage and Retrieval System (ASRS)

Conveyors & Sortation Systems

Cranes

Warehouse Management System (WMS)

Automated Guided Vehicle (AGV)

By System Type

Unit Load Material Handling Systems

Bulk Load Material Handling Systems

By Industry

Automotive

Semiconductor & Electronics

Metals & Heavy Machinery

Chemicals

Food & Beverages

E-commerce

Healthcare

Aviation

Third Party Logistics (3PL)

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Automated Material Handling Equipment Market Key Players

Some of the key participating players in the automated material handling equipment market are:

Daifuku

KION

SSI Schaefer

Toyota Industries

Honeywell International

Hyster-Yale Material Handling

Jungheinrich

Hanwha

John Bean Technologies

KUKA

Beumer

KNAPP

Murata Machinery

TGW Logistics

Viastore

Automated Material Handling Equipment Market: Regional Analysis

North America:

The North American market for automated material handling equipment is driven by the increasing adoption of automation in industries such as e-commerce, automotive, and healthcare. The United States is the largest market in the region, accounting for the majority of the demand for these systems. The demand for automated material handling equipment is also being driven by the need to improve efficiency and reduce labor costs, as well as the trend towards digitalization and Industry 4.0.

Europe:

The European market for automated material handling equipment is driven by the growing demand for e-commerce and logistics services, as well as the need to improve operational efficiency and reduce costs. Germany, France, and the United Kingdom are the largest markets in the region, accounting for the majority of the demand for these systems.

Asia Pacific:

The Asia-Pacific market for automated material handling equipment is the largest and fastest-growing market globally, driven by the increasing adoption of automation in industries such as e-commerce, automotive, and food and beverage. China, Japan, and South Korea are the largest markets in the region, accounting for the majority of the demand for these systems. The market is highly competitive, with key players including Dematic, Daifuku, and Murata Machinery. The growing demand for customization and personalization in manufacturing and logistics is also driving the adoption of automated material handling equipment in the region.