Global Automated Material Handling Equipment Market Overview
\nThe Global Automated Material Handling Equipment Market was estimated at USD 51.77 billion in 2023 and is projected to reach USD 96.79 billion by 2032, growing at a CAGR of 7.2%, during the forecast period (2024-2032).
\nAutomated material handling equipment contains any automation that helps in reducing or eliminating the need for human intervention throughout the product manufacturing process, further offering enhanced efficiency during the production procedure. The global automated material handling equipment industry is segmented into components, function, system-type, product, and industry. In the modern age, one of the important aspects of many industries and manufactories is supply chain management & logistics, which helps in the improvement of business performance. The increasing growth of automotive, e-commerce, healthcare, and food & beverages industries in emerging economies, such as Japan and China, has also contributed to the growth of the automated material handling equipment market in the Asia Pacific. Additionally, government bodies in Asia Pacific countries are increasingly emphasizing security and safety in production departments, which is expected to achieved by the implementation of automated material handling equipment. Therefore, as the developing nations are growing rapidly, industrialization and modernization primarily support the automated material handling equipment market growth in the forecasted years.<\/p>\n
Market Dynamics Of Automated Material Handling Equipment Market
\nDrivers:
\nEmerging Start-Ups and New Technologies
\nThe rising involvement of newly emerged start-up companies providing trending robotic solutions for warehouse automation is the primary key factor that is driving the growth of the automated material handling equipment market. Prominent recovery in worldwide manufacturing is enhancing the growth of the market. Increasing safety issues, as well as increasing wages, are adding to the growth of the AMH market. For Instance, Honeywell unveiled its newest intelligent automated handling system in order to assist warehouses, distribution centres, and industrial sites accept, process, and fulfil orders more quickly and precisely while perhaps lowering storage footprint. The next-generation Automated Storage and Retrieval System (AS\/RS) from Honeywell uses machine learning and artificial intelligence to help warehouse and distribution centre managers keep up with the extraordinary expansion of e-commerce. The growing perforation of the Internet of Things (IoT), Radio Frequency Identification (RFID), and Artificial Intelligence (AI) technologies to improve logistics management and decrease human intervention is currently promoting the global automated material handling equipment market growth.
\nRestraints:
\nHigh initial Cost of Automated Material Handling Equipment for Small and Medium-sized Enterprises
\nSmall and medium-sized enterprises (SMEs) add a valuable share to the economy as well as the overall development of a country. SMEs provide essential raw materials and components to large enterprises. Therefore, automated material handling operations play a major role in the logistics and supply chain of these SMEs. However, the high initial costs required for installing Automated Material Handling Equipment keep these small and Medium-sized Enterprises away from self-regulating their supply chain activities. Small and medium-sized enterprises cannot render automated systems and opt for the manual or old method of material handling processes. This is expected to clog the sales of new equipment as well as hamper the growth of the automated material handling equipment market.
\nOpportunity:
\nScope to increase the level of Order Customization and Personalization
\nAs the preference for customized and personalized product orders is growing among online customers, different e-commerce companies are finding it hard to process complex orders through traditional processes. Moreover, those online customers expect the delivery of these personalized orders at a relatively low price and with the same speeds of delivery as the regular orders. The increasing popularity of customized orders has benefited the warehouse operators and manufacturers to increase the speed and efficiency of their sorting and picking processes to gain business success. Automated Material Handling systems such as ASRS, robotic pickers, AGV, conveyors, and automated sorters can help handle personalized orders at a higher and faster rate, along with decreasing error rates to a high extent.
\nChallenges:
\n Revenue and Production Losses due to Undesired Downtime of Equipment
\nThe failure or breakdown of Automated Material Handling equipment can have a remarkable impact on the overall growth of companies. Failures or Breakdowns lead to delays in the whole production process and result in huge production losses and a decline in plant performance. In capital-intensive industries such as metals, automotive, food & beverages, and heavy machinery, downtimes may cost an average of per minute 22,000$ to the company. Hence, such companies need to fund heavily in precautionary maintenance of their AMH equipment to avoid downtime and assure smooth functioning of equipment.
\nMarket Segmentation Of Automated Material Handling Equipment Market
\nBy 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\u2019s 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.
\nBy 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.
\nBy 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.
\nBy 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.
\nRegional Analysis Of Automated Material Handling Equipment Market
\nAsia 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.
\nNorth America and Europe are projected to witness substantial growth in the forecasted years, owing to the increase in demand for durable and nondurable goods, and increase in sales through the e-commerce market, eventually compelling manufacturing industries to adopt material handling equipment. Due to growing investments in the Industry 4.0 revolution, Europe has been the region that has adopted industrial automation the fastest. Over one-third of all Industry 4.0 investments worldwide, according to the CBI Ministry of Foreign Affairs, are made in Europe. Its primary markets are in Western and Northern Europe, particularly Germany, the birthplace of the word and a front-runner. The market for using automation in warehouses is typically the most developed in northern Europe. The adoption of sophisticated and advanced automation has been pushed by the high cost of labour and particular focus on the working conditions at the plant. System Logistics has helped significant clients in the food and beverage industry in Scandinavia operate warehouse, picking, and material handling operations effectively which further help in the growth of the region in Automated Material Handling Equipment Market.
\nCovid 19 Impact On Automated Material Handling Equipment Market
\nThe Novel Coronavirus leads to an increase in the market ambiguity, leading to the overall shutdown of the production units, and disruption in the supply chain and logistics ecosystem. Also, the blockage of future or present investments financed by different financial institutions for infrastructure and management would be hampered if the spread of the virus would remain the same. Owing to the Coronavirus pandemic, the Automated Material Handling Equipment market faced a bump in its growth. However, it also created awareness amongst the warehouse operators and manufacturers in the automotive, E-commerce, semiconductor, and electronics industry regarding the different benefits of unit load material handling systems. Thus, the adoption of such equipment in these industries is expected to grow.
\nTop Key Players Covered In Automated Material Handling Equipment Market<\/p>\n
Daifuku Co. Ltd. (Japan)<\/p>\n
Siemens AG (Germany)<\/p>\n
Bosch Rexroth (Germany)<\/p>\n
Murata Machinery Ltd. (Japan)<\/p>\n
Swisslog Holding AG (Switzerland)<\/p>\n
SSI Schaefer AG (US)<\/p>\n
Dematic Group S.A.R.L (US)<\/p>\n
Toyota Industries Corporation (Japan)<\/p>\n
JBT Corporation (US)<\/p>\n
Bastian Solutions Inc (US)<\/p>\n
Jungheinrich AG (UK)<\/p>\n
KUKA AG(Germany)<\/p>\n
KION Group AG(Germany)<\/p>\n
Xuzhou Heavy Machinery Co. Ltd. (China)<\/p>\n
Manitowoc Company Inc (US) and other major players.
\nKey Industry Development In The Automated Material Handling Equipment Market<\/p>\n
In March 2024, SSI SCHAEFER introduced a new software solution designed specifically for the independent operation of the SSI LOGIMAT Vertical Lift Module. Known as LOGIONE, this software offers a straightforward and user-friendly storage location and article management system. With intuitive user interfaces, operators are supported seamlessly, eliminating the necessity for extensive training.<\/p>\n
In November 2023, KION Group AG introduced its own fuel cell systems tailored for its industrial trucks. This leading global intralogistics firm engineered a 24-volt System specifically designed for warehouse trucks. The company\u2019s Hamburg plant inaugurated a new production, line capable of manufacturing up to 5,000 fuel cell systems annually.<\/p>\n","protected":false},"excerpt":{"rendered":"
Automated material handling equipment contains any automation that helps in reducing or eliminating the need for human intervention throughout the product manufacturing process, further offering enhanced efficiency during the production procedure.<\/p>\n","protected":false},"featured_media":14092,"template":"","meta":{"_acf_changed":false},"product_brand":[],"product_cat":[205],"product_tag":[],"class_list":["post-18646","product","type-product","status-publish","has-post-thumbnail","product_cat-machinery-industrial-equipment","first","instock","virtual","purchasable","product-type-simple"],"acf":[],"yoast_head":"\n