Automated Material Handling Equipment Industry Analysis Report: Its Market Size growing with a CAGR of 13.4%, By Applications, Types and Region forecasted for period from 2024 to 2031
This "Automated Material Handling Equipment Market Research Report" evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automated Material Handling Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. The Automated Material Handling Equipment market is anticipated to grow annually by 13.4% (CAGR 2024 - 2031).
Introduction to Automated Material Handling Equipment and Its Market Analysis
Automated Material Handling Equipment (AMHE) refers to machines and systems that automate the movement, storage, control, and protection of materials within a manufacturing or distribution facility. The purpose of AMHE is to improve efficiency, reduce labor costs, and increase accuracy in material handling processes. Some advantages of AMHE include increased productivity, reduced labor costs, improved safety, and better inventory control. As businesses continue to adopt automation in their operations, the demand for AMHE is expected to rise, leading to growth in the Automated Material Handling Equipment Market.
The Automated Material Handling Equipment market analysis takes a comprehensive approach to examining various aspects of the industry, including market trends, drivers, challenges, and opportunities. The report provides an in-depth analysis of key players, market segmentation, and regional outlook to offer a holistic view of the market landscape. The Automated Material Handling Equipment Market is expected to grow at a CAGR of % during the forecasted period, driven by increasing adoption of automation and technological advancements in material handling processes.
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Market Trends in the Automated Material Handling Equipment Market
- Integration of Internet of Things (IoT) technology in automated material handling equipment to enable real-time tracking and monitoring of goods.
- Adoption of artificial intelligence (AI) and machine learning algorithms to optimize warehouse processes and improve efficiency.
- Increasing demand for autonomous mobile robots (AMRs) to handle tasks such as picking, sorting, and transportation within warehouses.
- Growing focus on sustainability and eco-friendly solutions, leading to the development of energy-efficient automated material handling equipment.
- Shift towards cloud-based software solutions for managing and controlling automated material handling systems, allowing for remote monitoring and data analysis.
- Rising preference for flexible and scalable automated material handling systems to accommodate changing business needs and fluctuations in demand.
- Industry disruptions such as the COVID-19 pandemic driving the adoption of automated material handling equipment to minimize human contact and ensure supply chain resilience.
- Emphasis on safety features and standards compliance in automated material handling equipment to protect workers and prevent accidents.
Overall, these trends are contributing to the rapid growth of the Automated Material Handling Equipment market as businesses seek to improve their operational efficiency, reduce costs, and adapt to changing market conditions.
In terms of Product Type, the Automated Material Handling Equipment market is segmented into:
- Automated Storage and Retrieval Systems
- Automated Conveyor and Sortation Systems
- Automated Guided Vehicle Systems
- Robotic Systems
Automated material handling equipment includes Automated Storage and Retrieval Systems, which use computer-controlled systems to automatically place and retrieve loads from specific storage locations; Automated Conveyor and Sortation Systems, which transport materials along a predetermined path and can also sort items based on certain criteria; Automated Guided Vehicle Systems, which are unmanned, computer-controlled vehicles that move materials around a facility; and Robotic Systems, which use robotic technology to handle and transport materials. Among these types, Automated Conveyor and Sortation Systems significantly dominate the market share due to their versatility, efficiency, and ability to streamline material handling operations in various industries.
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In terms of Product Application, the Automated Material Handling Equipment market is segmented into:
- E-commerce and Retail
- Food and Beverage
- Manufacturing
- Pharmaceutical
- Airport
- Others
Automated Material Handling Equipment is widely used in various industries such as E-commerce and Retail for order fulfillment, Food and Beverage for packaging and sorting, Manufacturing for improving production efficiency, Pharmaceutical for safe handling of sensitive materials, Airport for baggage handling, and Others for various logistical applications. The fastest growing application segment in terms of revenue is E-commerce and Retail, driven by the increasing demand for efficient warehouse operations and order processing in the booming online shopping industry. Automated Material Handling Equipment is used in these applications to streamline processes, reduce labor costs, optimize storage space, and improve overall operational efficiency.
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Geographical Spread and Market Dynamics of the Automated Material Handling Equipment Market
North America: United States, Canada, Europe: GermanyFrance, U.K., Italy, Russia,Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia, Latin America:Mexico, Brazil, Argentina, Colombia, Middle East & Africa:Turkey, Saudi, Arabia, UAE, Korea
The Automated Material Handling Equipment market in
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
Some of the growth factors driving the market in
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
There are significant market opportunities in
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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Automated Material Handling Equipment Market: Competitive Intelligence
- Schaefer
- Daifuku
- Dematic
- Murata Machinery
- Vanderlande
- Mecalux
- Beumer group
- Fives group
- Swisslog AG
- Intelligrated
- Knapp
- Kardex AG
- TGW Logistics
- Grenzebach
- Witron
- Viastore
- System Logistics
Schaefer Systems International: Schaefer is a global leader in automated material handling solutions and logistics systems. The company has a strong track record of innovation and has a wide range of products and services to cater to various industries.
Daifuku: Daifuku is a Japanese company that specializes in material handling equipment and automation solutions. The company has a strong presence in markets around the world and has a reputation for providing high-quality products and services.
Dematic: Dematic is a leading supplier of integrated automated technology, software, and services to optimize supply chain efficiency. The company has a strong focus on innovation and has a wide range of products and solutions for various industries.
Murata Machinery: Murata Machinery is a Japanese company that specializes in material handling equipment, logistics systems, and factory automation. The company has a strong global presence and a reputation for providing reliable and efficient solutions.
Vanderlande: Vanderlande is a leading supplier of automated material handling solutions for airports, warehouses, and distribution centers. The company has a strong focus on innovation and has a wide range of products and services to cater to various industries.
- Schaefer: $ billion
- Daifuku: $3.7 billion
- Dematic: $3.5 billion
- Vanderlande: $1.4 billion
Automated Material Handling Equipment Market Growth Prospects and Forecast
The expected CAGR for the Automated Material Handling Equipment Market during the forecasted period is projected to be around 8-10%. This growth rate will primarily be driven by increasing demand for automation in industries to improve efficiency, accuracy, and speed of material handling processes. Additionally, the adoption of technologies such as robotics, artificial intelligence, and machine learning in automated material handling systems will further boost market growth.
Innovative deployment strategies such as the integration of Internet of Things (IoT) sensors for real-time monitoring and data analytics, as well as the use of autonomous mobile robots for flexible and efficient material handling, are expected to drive growth in the market. Trends such as the adoption of cloud-based software platforms for centralized control and management of automated material handling systems, as well as the development of collaborative robots for safe interaction with human workers, will also contribute to market expansion.
Overall, the Automated Material Handling Equipment Market is expected to witness significant growth driven by innovative technologies and deployment strategies that enhance efficiency, productivity, and safety in material handling operations.
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