The
global Automated Material Handling Equipment Market size
is anticipated to reach USD 114.45 billion by 2030, projected to grow at a CAGR
of 9.7% from 2024 to 2030, according to a new report by Grand View Research,
Inc. The increasing labor costs in many countries are driving the demand for
AMH equipment, which is replacing manual labor. It helps companies save costs
by reducing the need for manual labor and increasing productivity. Further,
e-commerce has created a need for faster and more efficient material handling
systems. Automated Material Handling (AMH) equipment is used in e-commerce
warehouses to handle large volumes of orders to ensure products are delivered
to customers quickly and accurately. Technological advances have also made it
possible to develop more sophisticated AMH equipment that is fast, accurate,
and reliable. These systems use sensors, artificial intelligence, and machine
learning to automate material handling tasks.
Automated
storage and retrieval systems can significantly reduce variable costs by
eliminating the need for manual labor for tasks such as assembly, picking,
storing, and inventory replenishment. Warehouses and distribution centers
require the regular replenishment of raw materials, work-in-progress, and
finished goods inventories to maintain uninterrupted processes, making shelf
arrangement and grouping critical. Efficient space utilization is vital for the
bottom line of warehouses and distribution centers. For instance, in September
2022, Aurora Organic Dairy, a producer of organic milk and butter for U.S.
retailers, sought the help of Westfalia Technologies Inc. to design an AS/RS
solution for a significant warehouse addition. The AS/RS enabled the company to
build a highly automated warehouse adjacent to the milk plant to accommodate
growth in a limited square footage area while recasting the whole warehousing
process from production to shipping to staging.
Labor
shortages are compelling organizations to seek robots to ensure their
stability. Industries such as janitorial services, commercial and home
delivery, food and beverage, healthcare, and manufacturing are expected to
benefit from autonomous mobile and collaborative robots. Technologically
advanced countries such as South Korea and Japan are at the forefront of
manufacturing next-generation AMH equipment. For instance, in March 2023, THIRA
Robotics launched a new generation of autonomous mobile robots (AMRs) designed
to operate in harsh facility conditions, previously unsuitable for automation.
This development is likely a significant advancement in the automation
industry. The company aimed to present five models and demonstrations of AMR
operating on sloped and uneven flooring at Promat.
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summary: Automated Material Handling Equipment Market Report
Automated
Material Handling Equipment Market Report Highlights
- The robots segment led
the market in 2023, accounting for over 24% share of the global revenue
owing to the integration of artificial intelligence and machine learning
technologies in robotic systems.
- The unit load material
handling segment held the largest revenue share in 2023 due to its ability
to streamline supply chain operations and move materials more efficiently
across long distances.
- The e-commerce segment
led the market in 2023. The adoption of AMH equipment in the e-commerce
industry is expected to increase significantly in the coming years as
companies such as Amazon, eBay, and Alibaba strive to remain competitive
and meet customer expectations.
- The Asia Pacific
region held the largest revenue share, over 39%, in 2023. The region's
flourishing manufacturing and automobile sectors are expected to spur the
demand for automated material-handling equipment.
Automated
Material Handling Equipment Market Segmentation
Grand View
Research has segmented the global automated material handling equipment market
based on product, system type, vertical, and region:
Automated
Material Handling Equipment Product Outlook (Volume, Thousand Units; Revenue,
USD Million, 2017 - 2030)
- Robots
- Automated Storage and
Retrieval System (AS/RS)
- Unit Load
- Mid & Mini Load
- Vertical Lift Module
(VLM)
- Carousel
- Shuttle
- Conveyors Systems
- Sortation Systems
- Cranes
- Warehouse Management
System
- Collaborative Robots
- Autonomous Mobile
Robots
- Goods-to-Person
Picking Robots
- Self-driving
Forklifts
- Autonomous Inventory
Robots
- Unmanned Aerial
Vehicles
- Automated Guided
Vehicle
- Tow Vehicle
- Unit Load Carrier
- Pallet Truck
- Forklift Truck
- Hybrid Vehicles
- Others
Automated
Material Handling Equipment System Type Outlook (Volume, Thousand Units;
Revenue, USD Million, 2017 - 2030)
- Unit Load Material
Handling
- Bulk Load Material
Handling
Automated
Material Handling Equipment Vertical Outlook (Volume, Thousand Units; Revenue,
USD Million, 2017 - 2030)
- Automotive
- Semiconductor &
Electronics
- E-Commerce
- 3PL
- Metals & Heavy
Machinery
- Food & Beverages
- Chemicals
- Healthcare
- Aviation
- Others
Automated
Material Handling Equipment Regional Outlook (Volume, Thousand Units; Revenue,
USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Asia Pacific
- East Asia
- China
- Japan
- South Korea
- Hong Kong
- Taiwan
- India
- Thailand
- Indonesia
- Vietnam
- Singapore
- Malaysia
- Australia
- Latin America
- Mexico
- Columbia
- Chile
- Argentina
- Caribbean Region
- Middle East and Africa
(MEA)
List
of Key Players in the Automated Material Handling Equipment Market
- Daifuku Co., Ltd.
- KION GROUP AG
- Schaefer Systems
International, Inc.
- Honeywell
International Inc.
- Toyota Material
Handling International
- Hyster-Yale Materials
Handling, Inc.
- Jungheinrich AG
- Hanwha Group
- JBT
- KUKA AG
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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