The Automated Material Handling Equipment Market is expected to grow from USD 35.40 billion in 2020 to USD 62.47 billion by 2026 at a CAGR of 9.92% from 2020 to 2026.
Automated material handling equipment can automate the most boring, dull, and risky tasks in the production line of various industries. These equipments are used by the end users to enhance the quality, flexibility, throughput, and consistency coupled with reducing ergonomic hazards for workers. It helps in improving the efficiency of the production line and increases the customer satisfaction by providing quality products on time. Automated material handling equipment provides several advantages such as increases profit, time saver, enhances production quality & quantity, decreased labor costs and improved efficiency. Increasing demand for incorporation of automation and modernization in manufacturing processes, growth in the aviation industry and e-commerce industry, and demand for lucidity in supply chain and pliability in warehouse operations are few of the factors projected to drive the growth. Increase in industrial and infrastructural activities to meet the demand from the ever-rising population, is expected to bode well for market growth. Manufacturing and other industries constantly attract large amounts of foreign capital, therefore augmenting the production activities. Governments around the world are improving their infrastructural development to build new airports, rail networks, seaports and power plants, and upgrade the existing ones. All these activities are made easy by using material handling equipment such as conveyors, forklifts and Automated Guided Vehicles (AGVs). Furthermore, increasing employer inclination towards employee or worker safety is also projected to boost the growth of the automated material handling market. Therefore, due to the increase in industrial activities, industrialists have become significantly responsible for worker and workplace safety to maintain their goodwill in the market. As majority of companies are inclining towards automation to persist the competition, support efficiency in the warehouse, and reduce costs, they are making efforts to build a safer working environment for employees. Hence, improving working and safety conditions is an essential part of their industrial activities, which is anticipated to remain a key growth avenue for this market. Automated material handling equipment provides numerous benefits such as increases profit, improves production quality & quantity, time saver, reduced labor costs and enhanced efficiency. It has various applications in different industries such as automotive, metals & heavy machinery, food & beverages, chemical, healthcare and aviation etc. Therefore, these factors fuel the growth of automated material handling equipment market. However, the high initial cost of automated material handling equipment for SMEs will hamper the market growth.
Furthermore, due to the coronavirus disease (COVID-19) outbreak, enactment of social distancing rules by governing agencies and the increasing adoption of remote working models, the players of market are also concentrating on automating and digitizing the supply chains. This, in turn, is projected to create opportunity for the market growth.
The global Automated Material Handling Equipment Market is segregated on the basis of Products as Robots, Automated Storage and Retrieval System (ASRS), Conveyors & Sortation Systems, Cranes, Warehouse Management System (WMS) and Automated Guided Vehicle (AGV). Based on System Type the global Automated Material Handling Equipment Market is segmented in Unit Load Material Handling Systems and Bulk Load Material Handling Systems. Based on Industry the global Automated Material Handling Equipment Market is segmented in Automotive, Semiconductor & Electronics, Metals & Heavy Machinery, Chemicals, Food & Beverages, E-commerce, Healthcare, Aviation, Third Party Logistics (3PL) and Others.
The global Automated Material Handling Equipment Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Automated Material Handling Equipment Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Bastian Solutions, BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Honeywell International Inc., Hytrol Conveyor Co. Inc. and others are among the major players in the global Automated Material Handling Equipment Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
Automated Material Handling Equipment Market, By Products
Automated Material Handling Equipment Market, By System Type
Automated Material Handling Equipment Market, By Industry
Automated Material Handling Equipment Market, By Region
Automated Material Handling Equipment Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Automated Material Handling Equipment Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Automated Material Handling Equipment Market share. Major industry players with significant revenue share include Bastian Solutions, BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Honeywell International Inc., Hytrol Conveyor Co. Inc. and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Automated Material Handling Equipment Market, By Products
5.1. Key Points
5.2. Robots
5.3. Automated Storage and Retrieval System (ASRS)
5.4. Conveyors & Sortation Systems
5.5. Cranes
5.6. Warehouse Management System (WMS)
5.7. Automated Guided Vehicle (AGV)
6. Automated Material Handling Equipment Market, By System Type
6.1. Key Points
6.2. Unit Load Material Handling Systems
6.3. Bulk Load Material Handling Systems
7. Automated Material Handling Equipment Market, By Industry
7.1. Key Points
7.2. Automotive
7.3. Semiconductor & Electronics
7.4. Metals & Heavy Machinery
7.5. Chemicals
7.6. Food & Beverages
7.7. E-commerce
7.8. Healthcare
7.9. Aviation
7.10. Third Party Logistics (3PL)
7.11. Others
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- Automated Material Handling Equipment Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. Bastian Solutions
9.2. BEUMER Group GmbH & Co. KG
9.3. Daifuku Co. Ltd.
9.4. Honeywell International Inc.
9.5. Hytrol Conveyor Co. Inc.
9.6. Jungheinrich AG
9.7. Kardex AG
9.8. KION Group AG
9.9. Mecalux S.A
9.10. Murata Machinery Ltd.
9.11. SSI SCHAEFER
9.12. Swisslog Holding AG
9.13. Toyota Industries Corporation
9.14. Vanderlande Industries Nederland B.V
9.15. ABB Ltd.
9.16. Hitachi Ltd.
Automated Material Handling Equipment Market, By Products
Automated Material Handling Equipment Market, By System Type
Automated Material Handling Equipment Market, By Industry
Automated Material Handling Equipment Market, By Company