Automated Material Handling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Automated Material Handling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global automated material handling equipment market size reached US$ 37.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2022-2028.

Material handling involves a wide range of activities, including movement, protection, storage and control, which are performed during manufacturing, warehousing, distribution, consumption and disposal of products and materials. It is nowadays commonly conducted using automated material handling equipment to reduce human intervention and improve logistics management. It also helps in forecasting, production planning, resource allocation, inventory control, flow and process management, and after-sales support and services. Consequently, several organizations are relying on automated handling equipment to improve customer service, reduce inventory, shorten delivery time and lower overall handling costs.

Rapid industrialization, the emergence of the Fourth Industrial Revolution (Industry 4.0) and the widespread adoption of the internet of things (IoT), artificial intelligence (AI) and radio frequency identification (RFID) technologies are among the major factors spurring the market growth. Apart from this, due to the substantial rise in the aerospace, agriculture, automotive and construction industries, leading companies in these sectors are utilizing next-generation automated material handling equipment to modernize manufacturing processes, increase flexibility in warehouse operations and enhance transparency in the supply chain. Moreover, key players are emphasizing on mergers and acquisitions (M&A), collaborations and partnerships with other companies to introduce innovative products. Furthermore, on account of the coronavirus disease (COVID-19) outbreak, implementation of social distancing rules by governing agencies and the rising adoption of remote working models, these players are also focusing on automating and digitizing the supply chains. This, in turn, is expected to provide a positive impact on the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automated material handling equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, product, function, system type and end use industry.

Breakup by Component:

Hardware

Software

Services

Breakup by Product:

Conveyors and Sorting Systems

Automated Storage and Retrieval Systems

Robots

Automated Guided Vehicles

Others

Breakup by Function:

Assembling

Packaging

Storage

Transportation

Distribution

Others

Breakup by System Type:

Unit Load

Bulk Load

Breakup by End Use Industry:

Automotive

Chemicals

Aviation

Semiconductor and Electronics

E-Commerce

Food and Beverages

Healthcare

Others

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Honeywell International Inc., JBT Corporation, Kion Group AG, KNAPP AG, KUKA Aktiengesellschaft (Midea Group Co. Ltd.), Murata Machinery Ltd., TGW Logistics Group GmbH, Toyota Industries Corporation and Viastore Systems GmbH.

Key Questions Answered in This Report

1. What are the key factors driving the global automated material handling equipment market?

2. What has been the impact of COVID-19 on the global automated material handling equipment market?

3. What is the breakup of the global automated material handling equipment market based on the component?

4. What is the breakup of the global automated material handling equipment market based on the product?

5. What is the breakup of the global automated material handling equipment market based on the function?

6. What is the breakup of the global automated material handling equipment market based on the system type?

7. What is the breakup of the global automated material handling equipment market based on the end use industry?

8. What are the key regions in the global automated material handling equipment market?

9. Who are the key players/companies in the global automated material handling equipment market?