The automated material handling equipment market is projected to reach a value of US$ 91 billion by 2032, with a CAGR of 7% from 2022 to 2032. In 2022, the market is estimated to be worth US$ 46 billion.
The Automated Material Handling Equipment (AMHE) market has witnessed unprecedented growth in recent years, driven by the increasing need for efficiency, accuracy, and speed in material handling processes across various industries. The adoption of automation in warehouses, manufacturing facilities, and distribution centers has become pivotal, transforming the landscape of material handling. AMHE encompasses a diverse range of equipment such as conveyor systems, automated guided vehicles (AGVs), robotic systems, and automated storage and retrieval systems (AS/RS), contributing to streamlined operations and enhanced productivity.
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Market Opportunity:
The market for Automated Material Handling Equipment presents significant opportunities as industries recognize the potential for automation to optimize their supply chain and logistics operations. The rising demand for faster order fulfillment, coupled with the need to reduce operational costs, has spurred the adoption of AMHE. Additionally, the e-commerce boom and the increasing complexity of supply chain networks are propelling the market forward. Integration of advanced technologies such as artificial intelligence (AI) and the Internet of Things (IoT) further opens avenues for innovation in AMHE, providing a vast playground for market players to explore.
Market Challenges:
While the opportunities are abundant, the AMHE market faces its fair share of challenges. One of the primary concerns is the initial investment required for implementing automated systems. Many businesses, particularly smaller ones, may find the upfront costs prohibitive. Additionally, there are concerns related to the compatibility of existing infrastructure with automated systems and the need for skilled personnel to operate and maintain these sophisticated technologies. Cybersecurity is another critical challenge, as the increased connectivity of AMHE systems makes them vulnerable to cyber threats. Overcoming these challenges will be crucial for sustained growth and widespread adoption of automated material handling solutions.
Key Players:
- Flexlink AB
- Bastian Solutions
- Toyota Industries Corporation
- KION Group AG
- BEUMER Group GmbH & Co. KG
- Murata Machinery, Ltd
- Swisslog Holding AG
- Daifuku Co., Ltd
- SSI SCHAEFER
- Honeywell Intelligrated
- Hytrol Conveyor Co., Inc
Competitive Landscape:
The automated material handling equipment market is highly competitive, with key players employing various strategies to stay ahead. These strategies include launching new products, investing significantly in research and development, as well as forming partnerships and making acquisitions.
In order to strengthen its presence in the Asia Pacific and China, Interroll celebrated its 20th anniversary in China in August 2022 by inaugurating a new plant in Suzhou. This move allows Interroll to fully capitalize on future opportunities in the Chinese material-handling industry, as the new factory in Suzhou effectively doubles its manufacturing capabilities.
Similarly, in December 2021, KION Group established a state-of-the-art forklift truck manufacturing facility in China. This facility, located in Jinan, is equipped to meet the growing demand for supply chain solutions and has the capacity to produce industrial vehicles worth approximately 140 million.
Furthermore, in August 2021, Toyota Material Handling Japan introduced the SenS+ operation assist system. This innovative system enhances safety by identifying and detecting objects and pedestrians behind the forklift. It also automatically controls and stops the truck's rearward speed, ensuring a safer working environment.
These developments highlight the commitment of key players in the automated material handling equipment market to continuously innovate and adapt to the evolving needs of the industry.
Key Segments of Industry Research
- By Product Type :
- Robots
- Automated Storage & Retrieval Systems (ASRS)
- Conveyors & Sortation Systems
- Cranes
- Other Product Types
- By System :
- Unit Load Material Handling Systems
- Bulk Load Material Handling Systems
- By Function :
- Storage
- Transportation
- Distribution
- Packaging
- Assembly
- Waste Handling
- By End Use :
- Automotive
- Metals & Heavy Machinery
- Food & Beverages
- Chemicals
- Semiconductors & Electronics
- Healthcare
- Aviation
- e-Commerce
- Other End Uses
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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