Global Automated Material Handling Equipment Market to Grow at a CAGR of 8.5% During 2024-2032, Aided by the Rising Need for Streamlining Processing Capabilities Across Various Industries

Technological advancements are revolutionising the landscape of various sectors by modifying traditional operations into automated and structured processes. In order to stay competitive, companies are optimising floor space usage and organising processing capabilities by incorporating automated material handling equipment.

The growth of the end-use sectors such as food and beverages and pharmaceuticals, among others, is fuelling the demand for automated handling solutions that support companies to deliver high-quality products to consumers while cost-effectively maintaining operations.

Furthermore, the ongoing Industry 4.0 revolution, the rising popularity of smart manufacturing and automation, and the growing adoption of radio frequency identification (RFID) and barcode technologies for precise inventory tracking and enhanced supply chain management are driving the adoption of automated material handling equipment.

Leading companies in the market such as Honeywell International Inc (NASDAQ: HON) and Jungheinrich AG are increasingly launching innovative automated material handling solutions to meet evolving customer demands.

For instance, in July 2023, Jungheinrich announced the launch of a new mobile robot solution, EAE 212a, at Stuttgart’s LogiMAT 2023, the international trade fair for intralogistics solutions. The mobile robot EAE 212, designed for the automation of low-level applications, is incorporated with a newly developed control system and toolchain, allowing for smooth, simple integration into warehouses to increase their performance and efficiency.

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Market Analysis by Component, Product, System Type, End Use, and Region:

• The market, on the basis of component, can be divided into software, hardware, and services.

• Based on product, the market can be segmented into robots, automated storage and retrieval systems (ASRS), conveyor and sortation systems, cranes, and automated guided vehicles (AGV).

• The market, based on system type, can be bifurcated into unit load material handling systems and bulk load material handling systems.

• The various end uses for automated material handling equipment include automotive semiconductors and electronics, food and beverages, chemicals, pharmaceuticals, and aviation, among others.

• The major regional markets for automated material handling equipment include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growing significance of online retail platforms is fuelling the requirement for efficient management of the rising volume of orders, thereby propelling the global market for automated material handling equipment.

• The market for automated material handling equipment is being driven by the increasing adoption of cloud and the Internet of things (IoT) technologies, allowing for improved control and monitoring of operations.

• The growing end-use sectors such as food and beverages, pharmaceuticals, and automotive are fuelling the market growth.

• The rising expansion of the network of distributors is expected to further propel the market growth in the forecast period.

Key Offerings of the Report:

• The EMR report gives an overview of the global automated material handling equipment market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the components, products, system types, end uses, and major regions of automated material handling equipment.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global automated material handling equipment market are Daifuku Co., Ltd., Jungheinrich AG, Kardex Holding AG, KION GROUP AG, SSI SCHAEFER Group, Honeywell International Inc, KNAPP AG, Mecalux, S.A., Siemens AG, KUKA AG, Toyota Industries Corp., BEUMER Group GmbH & Co. KG, Krones AG (System Logistics S.p.A.), Interroll Holding AG, TGW Logistics Group, and viastore SYSTEMS GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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