Automated Material Handling Equipment Market Outlook To 2029 - A Roadmap To Market Opportunities, Strategies, Trends, Companies, And Forecasts By Type, Application, Companies, Countries

Market Overview:

The Global Automated Material Handling Equipment Market was estimated at USD 42.03 billion in 2021 and is projected to reach USD 68.38 billion by 2028, growing at a CAGR of 7.2%.

Automated material handling equipment refers to the use of automation to reduce or eliminate the need for human involvement in the manufacturing process, resulting in improved efficiency. The global industry for automated material handling equipment is categorized based on components, function, system type, product, and industry. Supply chain management and logistics play a crucial role in many industries and manufacturing operations, driving business performance improvements. The rapid growth of developing nations, accompanied by industrialization and modernization, is a key driver for the projected growth of the automated material handling equipment market in the coming years.

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Market Dynamics:

Driver:

The growth of the automated material handling equipment market is primarily driven by the increasing participation of emerging start-up companies that offer innovative robotic solutions for warehouse automation. The rising concerns related to safety issues and escalating labor costs are also fueling the demand for automated material handling equipment. The global growth of the automated material handling equipment market is being propelled by the increasing adoption of the Internet of Things (IoT), Radio Frequency Identification (RFID), and Artificial Intelligence (AI) technologies. These technologies are being utilized to enhance logistics management and reduce the need for human intervention, thereby driving market expansion.

Opportunities:

The growing demand for customized and personalized product orders among online customers poses challenges for e-commerce companies in processing these complex orders through traditional methods. The increasing popularity of customized orders has provided an opportunity for warehouse operators and manufacturers to enhance the speed and efficiency of their sorting and picking processes, leading to improved business outcomes. Automated material handling systems, including ASRS (Automated Storage and Retrieval Systems), robotic pickers, AGV (Automated Guided Vehicles), conveyors, and automated sorters, can effectively handle personalized orders and provides opportunities for Automated Material Handling Equipment Market.

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The Report Will Include A Major Chapter

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Type, the Automated Guided Vehicle is expected to dominate the market during forecasted years due to the evolution of different technologies configured in it such as IoT, Artificial Intelligence, and SLAM (Simultaneous localization and mapping). The major key players in this segment are continuously focusing on the development of the existing vehicles to supply more efficient products in the supply chain and the logistics environment.
For instance, Oceaneering International's rotator division came up with a new high-performance T-CTV for application in various sectors, including chemical processing, medical, oil and gas, and pharmaceutical. Such advancement in the market likely to boost the segment growth and simultaneously create a positive impact on overall Automated Material Handling Equipment Market.

By System load, the Unit load segment is estimated to dominate the market with the highest growth in the coming years. This is accountable for the increasing growth in the E-commerce industry. Unit load allows handling a large number of goods simultaneously which helps in gaining shorter order lead time as well as decreasing operational costs. The bulk load segment is expected to grow steadily in the upcoming years as the demand and supply of this segment are comparatively slower.

By application, the Distribution segment holds the largest share and is expected to dominate the market in the forecasted years. Timely transportation and distribution help to achieve greater targets hence enhancing the growth of the distribution segment. This is achieved as a result of existing AMH equipment such as Automated Storage and Retrieval System, Automated Guided Vehicle, etc. that allows carrying a large number of materials and products efficiently in a shorter period.

By Industry type, the Retail & E-Commerce industry segment dominates the Automated Material Handling Equipment Market during forecasted period. The significant growth of this industry is owing to the rising penetration of the online shopping trends, the presence of existing and major online suppliers, and the rising infrastructure of logistics. To maintain large warehouses and inventory, E-commerce companies have shifted to automated material handling solutions to save time and increase efficiency. Along with hundreds of thousands of human employees, Amazon's warehouse network is home to more than 200,000 mobile robots. This robot army has assisted the business in keeping its ever-increasing promises to Amazon Prime consumers about quick deliveries.
Therefore, Retail and E-commerce segment likely to be stay in dominating position during forecasted period.

By Type:

•Automated Storage and Retrieval System
•Automated Conveyor and Sorting System
•Automated Guided Vehicle

By System Load:

•Unit load
•Bulk load

By Application:

•Assembly
•Distribution
•Transportation

By Industry:

•Retail & E-commerce
•Automotive
•Foods & beverages
•Semiconductors
•Pharmaceuticals
•Electronics

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Regional Analysis Of Automated Material Handling Equipment Market

Asia Pacific (APAC) dominates the global automated material handling equipment market owing to various parameters such as rising demand for warehouse units and manufacturing processes. Moreover, due to the increasing demand for hoists and cranes in the mining industry, the rise in the demand for the product from the construction and mining industries, and due to the rise in the levels of industrialization activities in this region, it is expected to attain a huge growth in the upcoming years. Growing awareness regarding warehouse automation, increased emphasis of the leading economies such as China and Japan on robotics and automation, and the growing e-commerce industry are some of the primary factors contributing to the higher share of Asia Pacific in the market. The rapid growth of healthcare, food & beverages, automotive, and e-commerce industries in emerging economies, such as Japan and China, has contributed to the growth of the automated material handling equipment market in the Asia Pacific.

By Region:

•North America (U.S., Canada, Mexico)
•Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•South America (Brazil, Argentina, Rest of SA)

Key Players For The Global Automated Material Handling Equipment Market

•Daifuku Co. Ltd. (Japan)
•Siemens AG (Germany)
•Bosch Rexroth (Germany)
•Murata Machinery Ltd. (Japan)
•Swisslog Holding AG (Switzerland)
•SSI Schaefer AG (US)
•Dematic Group S.A.R.L (US)
•Toyota Industries Corporation (Japan)
•JBT Corporation (US)

Key Industry Development In The Automated Material Handling Equipment Market

In August 2021, Toyota Material Handling Japan launched a SenS+ operation assist system that helps in detecting and distinguishing pedestrians and objects behind the forklift and it automatically controls the speed of travel as well as stops the backward motion of the truck.

In February 2021, Daifuku and AFT industries partnered to drag the automated material handling expertise of both companies in the automotive industry. AFT and Daifuku industries will be mutually benefited as a way globally to open channels and secure growing demand as well as investments from automotive manufacturers in material handling systems.

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Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By System Load
 3.3 By Application
 3.4 By Industry

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Automated Material Handling Equipment Market by Type

Continued…

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