Automated Material Handling Equipment Market

Automated Material Handling Equipment Market, By Type (AGV, ASRS, Automated Crane, Robotic System, Automated Conveyor and Sortation System), By Application (Assembly, Distribution, Transportation), By System Load (Unit Load, Bulk Load), By Industry (Automotive, Metals & Heavy Machinery, E-commerce, Retail) and Region - COVID-19 Impact Analysis and Forecast to 2030

Industry Overview:

The use of automated material handling equipment has been revolutionised by the continuous growth in demand for automation in industry. The automated material handling equipment market has grown significantly in recent years as a result of the introduction of technologies such as robots, wireless technology, and autonomous cars. To reach a larger consumer base, major participants in the automated material handling sector focus on the development of economical, tiny, compact, and energy-efficient material handling systems. With extensive demand for process automation throughout the world, the recent rise in e-commerce is a significant driver for materials handling systems. Players in the e-commerce business strive to improve the quality of their service by generating as little trash as possible. Industrialization and modernisation are largely used to enhance market expansion in emerging countries. The automated material handling market is fragmented and highly competitive in nature. Some of the major players are Daifuku Co., Ltd, Kardex Group, KION Group, JBT Corporation, Honeywell Intelligrated amongst others. Product launches, high expense on research and development, partnerships and acquisitions, etc. are the prime growth strategies adopted by these companies to sustain the intense competition.

Key Market Drivers:

Rising E-commerce Industry is Favouring Market Rising use of social media is boosting the growth of market.

Growing demand for automated storage and retrieval system (ASRS) in e-commerce due 
to COVID-19.

Key Market Restraints:

High Integration and Switching Costs of Automated Material Handling Equipment to Hinder the Market 
Growth are some factors which hampering the growth of market.

Key Players Covered:

Some of the key competitors in the Global Automated Material Handling Equipment Market, 2022-2030 include:

Daifuku Co. Ltd.

Siemens AG

Bosch Rexroth

Murata Machinery Ltd.

Swisslog Holding AG

SSI Schaefer AG

Dematic Group S.A.R.L

Toyota Industries Corporation

JBT Corporation

Bastian Solutions, Inc.

Regional Analysis:

Due to factors such as rising need for industrial processes and warehousing units, Asia Pacific dominates the worldwide automated material handling equipment market. Furthermore, the market is being propelled forward by a rise in manufacturing capacity and the adoption of material handling methods to improve production capabilities in various areas, including South Korea, China, and Taiwan. For example, Coca-Cola erected warehouses worth USD 57 million in Singapore to house automated storage and retrieval technologies.

Automated Material Handling Equipment Market Report Scope