The global material handling integration market size is projected to reach USD 82.4 billion by 2030, growing at a CAGR of 8.9% from 2023 to 2030. The material handling integration seamlessly integrates various components and systems responsible for moving, storing, and controlling materials within a business operation. The primary goal is strategically coordinating and synchronizing equipment, software, and processes to optimize efficiency, productivity, and safety in these material-handling activities.
Moreover, material handling integration offers a high level of scalability and adaptability. Customizing these systems to suit the unique needs of different industries allows businesses to handle a diverse range of materials and accommodate changes in production requirements. This flexibility proves crucial in helping businesses respond quickly and efficiently to shifting market demands, stay competitive, and meet customer expectations effectively.
The growing prominence of e-commerce globally has become a compelling driver for the widespread adoption of material handling integration systems. The daily shipments of millions of products worldwide have intensified the need for efficient material handling solutions. In the fiercely competitive e-commerce industry, major players heavily depend on these systems to improve operational efficiency. Furthermore, material handling integration proves instrumental in optimizing the flow of materials, reducing delays, and minimizing errors.
Businesses can achieve smoother operations through streamlined processes and seamless coordination between equipment and software, resulting in increased productivity and significant cost savings. Embracing these integrated systems has become imperative for staying competitive and thriving in the fast-paced e-commerce landscape. The COVID-19 pandemic accelerated the implementation of automation and digitalization in diverse sectors. This trend is projected to extend to warehouse operations, where adopting material handling integration solutions such as Automated Storage and Retrieval Systems (AS/RS) and integrated inventory management software is expected to gain momentum.
These solutions offer several benefits, including reduced delivery times and improved efficiency, which have become crucial in the current landscape. Warehouse automation, driven by material handling integration addresses challenges related to labor constraints and managing unpredictable demand, amplified during the pandemic. Post-COVID-19, the warehouses are expected to prioritize implementing scalable processes that can handle fluctuations in demand, making use of these integration technologies.
The market for material handling integration is highly competitive. Major players invest in Research & Development (R&D) to drive innovation. The key players are adopting different development strategies such as product launches, mergers & acquisitions, and others to increase their presence and market share in the market. Along with key strategies, these players are introducing new features to improve the customer experience.
In April 2023, Automated Handling Solutions and Advanced Material Processing collaborated to launch a new group website aimed at enhancing customer experience and streamlining material handling operations. The group website features an integrated support system, offering prompt assistance to customers in need of technical guidance, after-sales support, or any other inquiries.
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Moreover, material handling integration offers a high level of scalability and adaptability. Customizing these systems to suit the unique needs of different industries allows businesses to handle a diverse range of materials and accommodate changes in production requirements. This flexibility proves crucial in helping businesses respond quickly and efficiently to shifting market demands, stay competitive, and meet customer expectations effectively.
The growing prominence of e-commerce globally has become a compelling driver for the widespread adoption of material handling integration systems. The daily shipments of millions of products worldwide have intensified the need for efficient material handling solutions. In the fiercely competitive e-commerce industry, major players heavily depend on these systems to improve operational efficiency. Furthermore, material handling integration proves instrumental in optimizing the flow of materials, reducing delays, and minimizing errors.
Businesses can achieve smoother operations through streamlined processes and seamless coordination between equipment and software, resulting in increased productivity and significant cost savings. Embracing these integrated systems has become imperative for staying competitive and thriving in the fast-paced e-commerce landscape. The COVID-19 pandemic accelerated the implementation of automation and digitalization in diverse sectors. This trend is projected to extend to warehouse operations, where adopting material handling integration solutions such as Automated Storage and Retrieval Systems (AS/RS) and integrated inventory management software is expected to gain momentum.
These solutions offer several benefits, including reduced delivery times and improved efficiency, which have become crucial in the current landscape. Warehouse automation, driven by material handling integration addresses challenges related to labor constraints and managing unpredictable demand, amplified during the pandemic. Post-COVID-19, the warehouses are expected to prioritize implementing scalable processes that can handle fluctuations in demand, making use of these integration technologies.
The market for material handling integration is highly competitive. Major players invest in Research & Development (R&D) to drive innovation. The key players are adopting different development strategies such as product launches, mergers & acquisitions, and others to increase their presence and market share in the market. Along with key strategies, these players are introducing new features to improve the customer experience.
In April 2023, Automated Handling Solutions and Advanced Material Processing collaborated to launch a new group website aimed at enhancing customer experience and streamlining material handling operations. The group website features an integrated support system, offering prompt assistance to customers in need of technical guidance, after-sales support, or any other inquiries.
Material Handling Integration Market Report Highlights
- Material handling integration refers to seamlessly incorporating various components and systems involved in moving, storing, and controlling materials within a business operation
- In terms of component, the services segment is projected to grow at the fastest CAGR of 9.4% over the forecast period. The material handling integration services encompass two main categories: professional and managed services. As businesses across various industries adopt warehouse automation technologies, the demand for material handling integration services is increasing
- Based on application, the transportation segment dominated the market in 2022 with a revenue share of 25.5% globally and is projected to grow at a CAGR of 7.5% from 2023 to 2030
- In terms of vertical, the food & beverages segment is projected to grow at the fastest CAGR of 11.2% over the forecast period. The food and beverage industry encompasses businesses involved in processing, packaging, and distributing raw food materials. This industry handles a wide range of products, including packaged, fresh, prepared foods and non-alcoholic and alcoholic beverages
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, & Scope Outlook
Chapter 4. Material Handling Integration Market Component Outlook
Chapter 5. Material Handling Integration Market Application Outlook
Chapter 6. Material Handling Integration Market Vertical Outlook
Chapter 7. Material Handling Integration Market: Regional Estimates & Trend Analysis
Chapter 8. Material Handling Integration Market Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Daifuku Co., Ltd.
- Jungheinrich AG
- Cargotec
- KION GROUP AG
- Honeywell International Inc
- SSI SCHAEFER
- KNAPP AG
- TGW Logistics Group
- Fives
- FORTNA Inc.
- Murata Machinery Ltd.
- Swisslog Holding AG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | August 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 42 Billion |
| Forecasted Market Value ( USD | $ 82.4 Billion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
