Automated Material Handling Equipment Global Market Report 2024

The global automated material handling equipment market has grown strongly in recent years. It will grow from $37.36 billion in 2023 to $40.44 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth observed in the historical period can be attributed to several factors, including the increasing demand for scalability in manufacturing processes, a shift towards just-in-time manufacturing methodologies, the globalization of supply chains, the proliferation of robotics in material handling, and a focus on logistics optimization. These elements collectively contributed to the expansion and advancement of automated material handling equipment during that timeframe.

The global automated material handling equipment market is expected to see strong growth in the next few years. It will grow to $55.03 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth in the forecast period can be attributed to various factors, including the ongoing trend of industry digitization, advancements in warehouse automation, the progression of Industry 4.0 initiatives, the implementation of smart manufacturing practices, and a growing demand for customizable solutions in material handling. Major trends expected in the forecast period encompass a focus on enhancing supply chain resilience, the adoption of sustainable practices in material handling, the integration of remote monitoring and control capabilities, considerations related to urbanization and its impact on logistics, and the increasing importance of software integration for seamless operations. These trends collectively reflect the evolving landscape of automated material handling equipment, aligning with the broader shifts towards digitization, sustainability, and efficiency in industrial processes.

The burgeoning e-commerce sector is fueling the growth of the automatic material handling equipment market. E-commerce involves the online exchange of goods, services, funds, or data through electronic networks, primarily the internet. This growing industry, driven by evolving consumer preferences, heightened convenience, and personalized experiences, increasingly relies on automatic material handling equipment to facilitate efficient packaging and streamline supply chain operations. Notably, Forbes reported a remarkable surge in US e-commerce sales, reaching $870 billion in 2021, marking a 50.5% increase from the previous year. In 2021, e-commerce accounted for 13.2% of retail sales in the US. As e-commerce continues to expand, the demand for automatic material handling equipment is poised to escalate accordingly, driving market growth.

The escalating demand within the semiconductor industry is projected to significantly boost the automated material handling equipment market. The semiconductor industry encompasses activities related to the design, development, manufacturing, and distribution of semiconductor devices. Integrating automated material handling equipment within this sector can significantly enhance competitiveness, operational efficiency, and reliability in the manufacturing process. Consequently, it can lead to improved product quality and enhanced customer satisfaction. For instance, data from the World Semiconductor Trade Statistics Organization in June 2022 revealed a substantial 21.1% surge in global semiconductor sales in April 2022 compared to the previous year. This upsurge in demand within the semiconductor industry stands as a driving force propelling the growth of the automated material handling equipment market.

Technological advancements represent a pivotal trend gaining traction in the automated material handling equipment market. Leading industry players are focused on innovating deep automation technologies to maintain their competitive edge in this sector. Deep automation involves highly advanced technologies, often incorporating artificial intelligence (AI) and machine learning (ML) capabilities. For example, in May 2023, Epiroc AB, a Sweden-based company specializing in equipment and services, introduced deep automation targeting enhanced productivity, safety, and efficiency in underground mining operations. This cutting-edge technology reduces human intervention while increasing precision and accuracy in material handling procedures. Offering automation across various operations like drilling, loading, hauling, and dumping, this advanced solution represents the next frontier in underground material handling automation. This emphasis on innovative technological solutions is anticipated to drive the evolution of the automated material handling equipment market.

Prominent companies within the automated material handling equipment market are directing their efforts towards innovative product development, particularly focusing on electric forklift models, to bolster their market revenues. Electric forklifts, powered by rechargeable batteries, serve as an environmentally friendly alternative to conventional internal combustion forklifts that typically run on gasoline or diesel fuel. Notably, in May 2023, Toyota Material Handling Corporation (TMHC), a Sweden-based entity specializing in the development, manufacturing, and distribution of industrial vehicles, introduced a line of electric forklift models. The innovative electric Center Rider Stacker, featuring a distinctive three-in-one design, combines the functionalities of an order picker, counterbalanced forklift, and center rider into a single unit. With a lift height of 72 inches and a lifting capacity of 2,500 pounds, this center rider stacker optimizes productivity while reducing personnel, operational, and equipment expenses. TMHC also introduced other electric products, including a side-entry end rider and an industrial tow tractor, offering clients unparalleled efficiency, adaptability, and top-notch performance while prioritizing operator comfort.

In March 2022, Toyota Industries Corporation, a Japan-based manufacturing company specializing in material handling systems, made an undisclosed acquisition of Viastore Systems. This strategic acquisition broadened Toyota's material handling product portfolio, enhanced the overall customer experience, and expanded its market presence in Europe. Viastore Systems, headquartered in Germany, specializes in materials handling systems, intralogistics software, and support services.

Major companies operating in the automated material handling equipment market report are Daifuku Co Ltd., Toyota Industries Corporation, Kion Group AG, Honeywell International Inc., Fritz Schäfer GmbH, The Beumer Group GmbH & Co KG, Cargotec Oyj, John Bean Technologies Corporation, Murata Machinery Ltd., INCAS SpA S.U., Jungheinrich AG, KNAPP Group, Midea Group, TGW Logistics Group, Siemens AG, Robert Bosch GmbH, Schaefer Systems International Inc., Hyster-Yale Materials Handling Inc., Fives Group, KUKA AG, SSI Schaefer Systems International DWC LLC, Vecna Robotics Inc., Grey Orange Pte. Ltd., The Interroll Worldwide Group, Swisslog Holding AG, Dematic GmbH, Vanderlande Industries, Grenzebach Maschinenbau GmbH, Bastian Solutions LLC, Mecalux S.A., Viastore Systems GmbH, Witron Logistik + Informatik GmbH

Asia-Pacific was the largest region in the automated material handling equipment market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automated material handling equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automated material handling equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of automated material handling equipment include robots, Automated Storage and Retrieval Systems (ASRS), conveyors and sortation systems, cranes, Warehouse Management Systems (WMS), and Automated Guided Vehicles (AGV). Robots play a crucial role in automating heavy, monotonous, and high-risk tasks within the production line, executing specific activities swiftly and accurately with minimal human intervention. Two main systems within automated material handling equipment are unit load material handling and bulk load material handling. These systems find diverse applications across various industries, including automotive, metals and heavy machinery, food and beverages, chemicals, healthcare, third-party logistics (3PL), semiconductors and electronics, aviation, e-commerce, and other verticals.

This report provides automated material handling equipment market statistics, including automated material handling equipment industry global market size, regional shares, competitors with an automated material handling equipment market share, detailed automated material handling equipment market segments, market trends and opportunities, and any further data you may need to thrive in the automated material handling equipment industry. This automated material handling equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automated material handling equipment market consists of sales of assembling, packaging, storage, transportation, and other automated material handling equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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