Automated Material Handling Equipment Industry Is Expected To Top A Valuation of US$ 91 Billion by 2032

The global automated material handling (AMH) equipment market is valued at US$ 46 billion in 2022 and is expected to top a valuation of US$ 91 billion by 2032, registering a CAGR of 7% from 2022 to 2032 .

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Material handling encompasses a broad spectrum of operations, such as movement, storage, protection, and management, that occur during the manufacturing, warehousing, distribution, consumption, and disposal of items and materials. It is now regularly carried out using automated material handling equipment to decrease human interference and boost logistics management.

Competitive Landscape

The automated material handling equipment market is extremely competitive. Key players in the automated material handling equipment market are using growth tactics such as product launches, significant investment in research & development, and partnerships and acquisitions to maintain the intense competition.

• In August 2022, Interroll celebrated its 20th anniversary in China by opening a new plant in Suzhou. After two decades of success in the Chinese material-handling industry, Interroll has now completely prepared for future prospects in the Asia Pacific and China by putting a new factory in Suzhou, China, into full operation, virtually doubling manufacturing capabilities.

• In December 2021, KION Group established a new forklift truck manufacturing facility in China to provide supply chain solutions. The facility in Jinan has a total volume of around 140 million for the future production of industrial vehicles.

• In August 2021, Toyota Material Handling Japan launched the SenS+ operation assist system, which identifies and detects objects and pedestrians behind the forklift and automatically controls and stops the truck's rearward speed.

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Key Companies Profiled:

• Flexlink AB
• Bastian Solutions
• Toyota Industries Corporation
• KION Group AG
• BEUMER Group GmbH & Co. KG
• Murata Machinery, Ltd
• Swisslog Holding AG
• Daifuku Co., Ltd
• SSI SCHAEFER
• Honeywell Intelligrated
• Hytrol Conveyor Co., Inc

"Booming e-commerce Industry to Promote Automated Material Handling Equipment Industry Growth"

The global automated material handling equipment market is expected to witness a significant growth in the coming years, owing to the booming e-commerce industry. Automated material handling equipment is used for the efficient movement of goods and materials within a warehouse or distribution center. The increasing demand for automated material handling equipment is driven by the need to reduce labor costs, improve operational efficiency, and reduce errors in order fulfillment.

The growing demand for automated material handling equipment is further driven by the increasing number of e-commerce companies, which require efficient and cost-effective solutions for order fulfillment. Furthermore, the increasing adoption of automation in warehouses and distribution centers is expected to drive the growth of the automated material handling equipment market.

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Key Segments:

• By Product Type :

o Robots
o Automated Storage & Retrieval Systems (ASRS)
o Conveyors & Sortation Systems
o Cranes
o Other Product Types

• By System :

o Unit Load
o Bulk Load

• By Function :

o Storage
o Transportation
o Distribution
o Packaging
o Assembly
o Waste Handling

• By End Use :

o Automotive
o Metals & Heavy Machinery
o Food & Beverages
o Chemicals
o Semiconductors & Electronics
o Healthcare
o Aviation
o e-Commerce
o Other End Uses

• By Region:

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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This release was published on openPR.