The latest report published by Reports & Insights highlighted the development and the growth of the global Automated Material Handling Equipment Market, which further includes the detailed information about the market potential and profound knowledge of the trends prevailing in the market. The global automated material handling equipment market is projected to rise steadily over the anticipated future as per the report estimates. The research study named “Automated Material Handling Equipment Market: Opportunity Analysis and Future Assessment 2023-2030”, is aimed to provide a quantitative and qualitative outline of the conceptual structure and analytical approach of the market elaborated using attested research methodologies and proficient expertise.
The automated material handling equipment market is estimated to reach at a value of US$ 22.8 Bn by the end of 2022 and expected to reach at a value of US$ 45.9 Bn by 2030 with a significant CAGR of 9.1%.
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Automated Material Handling Equipment Introduction
Material handling usually can be referred to as a short distance locomotion between a premise and an automobile, and essentially within the peripheries of premises. It employs a wide range of manual, semi-automated, or automated equipment.
The material handling systems and equipment are basically involuntary machinery and systems which are used to store, move, regulate, and safeguard products, materials, and goods throughout the process of circulation, manufacturing, consumption and discharge. This creates utility with the help of handling, storage, and regulation of materials.
The primary purpose of these equipment is production of quality products, labor safety and productivity, and reduction in operating costs, labor costs, and processing time for manufacturing.
Automated Material Handling Equipment Market Dynamics
In the present day and age, the major factor that is boosting the growth of the global automated material handling equipment market is the rapid adoption of automated material handling equipment and systems.
By the same token, the rising awareness among supervisors regarding labor safety as well as safe conditions and environment for working in the industries is further accelerating the demand of automated material handling equipment across the global markets. Owing to which, the global automated material handling equipment market is projected to grow significantly in the future years.
However, factors such as escalation in prices, heavy expenditure on capital, money-exhaustive maintenance costs of equipment and systems are likely to hold back the growth of the global automated material handling equipment market in the coming years.
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Automated Material Handling Equipment Market Segmentation
The automated material handling equipment market is segmented on the basis of products, system type, industry, and region.
- Automated Storage and Retrieval System (ASRS)
- Conveyors & Sortation Systems
- Warehouse Management System (WMS)
- Automated Guided Vehicle (AGV)
By System Type
- Unit Load Material Handling Systems
- Bulk Load Material Handling Systems
- Semiconductor & Electronics
- Metals & Heavy Machinery
- Food & Beverages
- Third Party Logistics (3PL)
- North America
- Latin America
- Asia Pacific
- Middle East
Automated Material Handling Equipment Market Key Players
The key participating players of the global automated material handling equipment market include Daifuku, KION, SSI Schaefer, Toyota Industries, Honeywell International, Hyster-Yale Material Handling, Jungheinrich, Hanwha, John Bean Technologies, KUKA, Beumer, KNAPP, Murata Machinery, TGW Logistics, Viastore, among others.
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