The automated material handling equipment market is projected to grow at a considerable CAGR of around 12% during the forecast period (2020-2026). The rising demand for human-robot collaboration in the different industrial sectors such as automotive, chemical, retail, and manufacturing among others for overall cost reduction is a major factor to drive the growth of the global automated material handling equipment market. Robots are playing an imperative role in the industrial warehousing sector. The rise of industrial robots witnessed a hefty expansion in developed countries and certainly seems to be inevitable being driven by a range of production demands, including continued adaptation to the proliferation of automation and the IoT, increased resource efficiency, and need for safer and more simplified robotic technologies to work in collaboration with humans. According to the International Federation of Robotics, there are more than 1 million industrial robots at work in industrial units across the globe.
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Moreover, a significant rise in the industry 4.0 and smart factories, increased focal point of manufacturers on dropping the operational and maintenance costs, rolling need for automated material handling equipment. Here, with the integration of Industry 4.0-ready solutions and IoT, the data can be made available that can assist both ends of the supply chain since information is a more flexible way. This, in turn, ultimately leads to faster cycle times in the storage and retrieval of goods and more efficient delivery of goods to the consumer. The ongoing technological advancement in equipment manufacturing is anticipated to offer considerable opportunities to the growth of the global market. However, the lack of a skilled workforce and the concern of replacing manual labor especially in emerging economies such as India and China are limiting the growth of the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automated Material Handling Equipment Market by Product Type
- Hardware
- Software
Global Automated Material Handling Equipment Market by System Type
- Robots
- Automated Storage & Retrieval System (ASRS)
- Conveyor and Sortation Systems
- Cranes
- Others
Global Automated Material Handling Equipment Market by Industry
- Automotive
- Food & Beverage
- Chemical, Metals & Heavy Machinery
- Retail, Third Party Logistics, & E-Commerce
- Healthcare
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Automation Logistics Corp.
- BEMUR Group
- Daifuku Co., Ltd.
- Green Automated Solutions, Inc.
- Hanel Storage Systems
- Honeywell International, Inc.
- Hyster-Yale Materials Handling, Inc.
- IHI Corp.
- JBT Corp.
- Jungheinrich AG
- Kardex Group
- Kion Group AG
- KNAPP AG
- KUKA AG
- MECALLUX Group
- Modula, Inc.
- Murata Machinery, Ltd.
- System Logistics S.P.A.
- TGW Logistics Group
- Toyota Industries Corp.
- Viastore Systems GmbH
- Westfalia Technologies, Inc.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automated material handling equipment market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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