Automated Material Handling Equipment Market - Trends Forecast Till 2028

Market Overview

The global automated material handling equipment market size is projected to reach USD 43.6 billion in 2021, at a CAGR of 13.0% from 2021 to 2028.

Automated material handling equipment can automate the most tedious, dull, and unsafe tasks in the production line of different industries. This equipment is used by the end users to improve the quality, throughput, flexibility, and consistency along with decreasing ergonomic hazards for workers. It helps in enhancing the efficiency of the production line and increases the customer satisfaction by delivering quality products on time. Automated material handling equipment offers numerous advantages such as increases profit, enhances production quality & quantity, time saver, reduced labour costs and improved efficiency.

Automated material handling (AMH) equipment eliminates the need for human interference in a material handling process. Continuous rise in demand for automation with the advent of technologies such as robotics, wireless technologies, and driverless vehicles in different industries like food and beverages, retail, general manufacturing, pharmaceuticals, and post & parcel has revolutionized the adoption of automated material handling the equipment.

Growing demand for ASRS in e-commerce due to onset of COVID-19, increasing presence of start-up companies offering robotic solutions for warehouse automation, rising popularity of AMH equipment among leading industries, and surging labour costs and safety concerns are some of the factors that have supported long-term expansion for Automated Material Handling Equipment Market.

COVID-19 had a negative effect on the AMH equipment market, resulting in decreased shipments of AMH equipment and the revenues generated from them. As a result, a drop was witnessed in the growth trend of the market during the first half of 2020. This trend is expected to discontinue in the latter half of the year as the demand is expected to increase due to the growing concern for material handling.

Regional Analysis

APAC is expected to be the fastest-growing market for AMH equipment. Rising awareness related to warehouse automation, increasing emphasis of 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 high growth rate of APAC.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Hyster-Yale Material Handling, Inc.
• Kion Group AG
• Hanwha Corporation
• Kuka AG
• Fives
• Murata Machinery, Ltd.
• TGW Logistics Group GmbH
• Viastore Systems GmbH
• Daifuku Co., Ltd.

Recent Developments

• In November 2020, Vanderlande was contracted by Dutch organic food retailer Udea to deliver an advanced goods-to-person system.
• In October 2020, SSI Schaefer was contracted by Coop, one of the leading food retailers in Sweden, for intralogistics to provide a cutting-edge, energy-efficient, and highly automated logistics solution for its new 77,000-m² distribution centre in Eskilstuna (Sweden).

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Automated Material Handling Equipment Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope