Market For Automated Material Handling Equipment Is Expected To Reach US$ 45.9 Billion By 2030 With A 9.1% CAGR, Forecast Report 2023-2031

PRESS RELEASE
Published March 24, 2023

Reports and Insights (R&I) has published a new report titled, “Automated Material Handling Equipment Market: Opportunity Analysis and Future Assessment 2023-2031” analyzed By Type (Storage and Handling Equipment, Automated Storage and Retrieval System, Industrial Trucks, Bulk Material Handling Equipment, Others), By End-Use (Automotive, Food & Beverages, Chemical, Semiconductor & Electronics, E-Commerce, Aviation, Pharmaceutical, Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.

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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Some of the key questions answered in this report:

  • Which are the five top players of the Automated Material Handling Equipment Market?
  • How will the Automated Material Handling Equipment Market change in the upcoming years?
  • Which product and application will take a share of the Automated Material Handling Equipment Market?
  • What are the drivers and restraints of the Automated Material Handling Equipment Market?
  • Which regional market will show the highest growth?
  • What will be the CAGR and size of the Automated Material Handling Equipment Market throughout the forecast period?
  • What is the current market size, what will the market size be in 2031 and what will the growth rate be?
  • What are the challenges to grow in the market?
  • What are the market opportunities and challenges faced by the key vendors?
  • Who are the major competitors and what is their strategy?
  • What are the barriers to entry for new players in the market?

As per the report, the growing demand for incorporation of automation and modernization in manufacturing processes across the world is primarily driving the growth of the global automated material handling equipment market. In various manufacturing processes, any automation that minimizes or eliminates the need for humans in various activities such as check-out, check-in, sort material, or moving totes and bins containing other material is known as automated material handling equipment. The automated material handling equipment speeds up productivity as well as improves efficiency, owing to which it witnesses huge demand in the global market, thus propelling the growth of the global automated material handling equipment market report.

Also nowadays, in order to enhance business competitiveness and performance, supply chain management and logistics management has become essential aspect across several industries. Thus, satisfying customers’ demands and providing the right commodity, in the right time, at the right place, and in the right condition is very important. This allows providers to maintain cash disbursements, establishing inventories, and enhance the performance of the processes, further prospering business activities. In such situations, automated material handling equipment assists in the smooth functions of all the processes, thereby boosting the growth of the global automated material handling equipment market.

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Moreover, with the introduction of advanced technologies such as wireless technologies, robotics, and driverless vehicles, the automated material handling equipment market has observed rapid growth across the world. In addition, the key market players of the global market are also focused in the automated material handling industry and on the manufacturing of affordable, tiny, portable, and energy-efficient material handling solutions so that it can reach to a broader customer base, thus stimulating the demand globally.

Although the huge initial installation cost of automated material handling equipment acts as one of the major barriers and restraining the growth of the global automated material handling equipment market.

Automated Material Handling Systems Market Key Players

Some of the key participating players in the automated material handling systems market are:

Daifuku Co., Ltd.

SSI SCHAEFER AG

Dematic

Honeywell Intelligrated

Toyota Industries Corporation

Murata Machinery, Ltd.

KNAPP AG

BEUMER Group GmbH

Swisslog Holding AG

Material Handling Systems

TGW Logistics Group

WITRON Logistik+Infomatik GmbH

Kardex Group

Elettric80 S.p.A.

System Logistics S.p.A.

DMW&H

viastore SYSTEMS GmbH

LÖDIGE Industries GmbH

Stöcklin Logistik AG

Jungheinrich AG

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