Automated Material Handling Equipment Market Forecast [2030]

Report Description

The global AMH equipment market size was valued at USD 43.6 billion in 2021 and is expected to reach USD 76.8 billion by 2028, at a CAGR of 12.0% during forecast period, between 2021 and 2028. Automated material handling equipment can automate the most laborious, uninteresting, and dangerous activities in various industrial manufacturing lines. End users use this equipment to improve quality, throughput, flexibility, and consistency while reducing ergonomic dangers for workers. It improves production line productivity and promotes customer satisfaction by delivering quality items on schedule. Automated material handling technology has various benefits, including increased profit, high production quality & quantity, time savings, low labour expenses, and enhanced efficiency. It has numerous applications in a variety of industries, including automotive, metals & heavy machinery, food & beverages, chemicals, healthcare, and aviation. As a result, these factors contribute to the growth of the automated material handling equipment industry. In warehouses, material handling equipment is used to manage the storage and transportation of goods and products. It boosts efficiency by improving logistics at warehouses and industrial plants.

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Market Trends, Drivers, Restraints, and Opportunities:

• Evolution of industry 4.0 and smart factories the material handling industry is benefited from expanding trends toward smart factories.
• Radio frequency identification tags, image-based scanning innovations, mobile applications, telematics solutions, and forklifts for logistics are the factors estimated to drive the Market.
• Rising demand for automation and modernization in manufacturing processes, expansion of the aviation industry, penetration of the Internet of Things (IoT), automated storage and retrieval system (ASRS) in the e-commerce industry are the factors expected to boost the market.
• The availability of rental AGV, unwillingness to adapt changes, real-time technological challenges, and expensive equipment are projected to hamper the market.
• One of the biggest challenges in the material handling equipment business is safety which is anticipated to hinder the market growth.
• Growing popularity of customised orders the manufacturers and warehouse operators have been compelled to improve the efficiency and speed of their picking and sorting processes in order to achieve economic success.

Scope of the report:

The report on automated material handling equipment market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Automated Material Handling Equipment Market Segment Insights:

The WMS segment is expected to grow at the fastest rate

In the terms of product, the automated material handling equipment market can be segregated into robots, automated storage & retrieval system, conveyors & sortation systems, cranes, warehouse management system (WMS), and automated guided vehicle. The WMS segment is projected to expand at a rapid pace. Growing WMS awareness among small and medium-sized organisations (SMEs), expanding globalisation of supply chain networks, and rising acceptance of cloud-based WMS systems are the primary factors driving the market.

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The unit load material handling systems segment holds the major market share

Based on systems, the automated material handling equipment market can be fragmented into unit load material handling systems and bulk load material handling systems. The unit load material handling systems segment is estimated to expand at a high CAGR. This is due to the expansion of the e-commerce industry. It also enables for the simultaneous handling of many commodities, which aids in the achievement of short order lead times and, as a result, low operational costs. The bulk load material handling systems segment is predicted to grow rapidly due to increased demand for transportation and sorting of large quantities from the food and beverage industry, pharmaceutical industry, and others.

The e-commerce segment is expected to grow rapidly

On the basis of end-users, the market can be segregated into automotive, semiconductor & electronics, metals & heavy machinery, chemicals, food & beverages, e-commerce, healthcare, aviation, third party logistics, and others. The e-commerce segment is predicted to increase significantly during the projected period due to rising online shopping preferences, existence of major online suppliers, rising logistics infrastructure, and other factors. This trend is forcing owners of distribution centres and facilities to integrate automation solutions in warehouses in order to manage the supply chain ecosystem more efficiently.

Asia Pacific dominates the automated material handling equipment market

In terms of regions, automated material handling equipment market can be fragmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific dominates the automated material handling equipment market due to factors such as rising need for manufacturing process and warehousing units. Furthermore, increased manufacturing capacities and the adoption of material handling systems to improve production capabilities in several regions, including South Korea, China, and Taiwan, are fuelling the market.

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