Automated Material Handling Equipment Market Overview: Size, Share, Growth, Key Drivers, Segmentation, Regional & Recent Trends

The Automated Material Handling Equipment Market has been expanding significantly in recent years, driven by various key factors. This report provides a comprehensive analysis of the market, including market size, trends, drivers and constraints, competitive aspects, and prospects for future growth.

Market Size & Growth:

• The Automated Material Handling Equipment Market size reached a valuation of USD 35.80 billion in 2019.
• The Automated Material Handling Equipment Market growth is projected to reach a valuation of USD 56.51 billion by 2027.
• The Automated Material Handling Equipment Market share is expected to register a compound annual growth rate (CAGR) of 5.7% from 2019 to 2027.

Recent Key Trends:

• Jungheinrich unveils cutting-edge mobile robot solution at LogiMAT 2023, setting new industry standards. The adaptable robot seamlessly integrates into warehouses, autonomously solves challenges, and enhances performance, reflecting a shift towards intelligent intralogistics.
• Toyota Material Handling expands its portfolio with innovative electric forklifts: Side-Entry End Rider, Center Rider Stacker, and Industrial Tow Tractor. These additions enhance material handling solutions, emphasizing adaptability and superior on-site performance for customers.
• Hyster-Yale Materials Handling, Inc., acquired Zhejiang Maximal Forklift Company Limited in order to expand its manufacturing capabilities and strengthen its product portfolio to gain competitive edge in the global market.

This Report includes a company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The data points provided are only related to the company's focus related to Automated Material Handling Equipment markets. Leading global Automated Material Handling Equipment market players and manufacturers are studied to give a brief idea about the competitions.

Get a Free Sample Research PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/100832

Key Players:

• Daifuku Co.,Ltd (Headquarter:- Osaka, Japan)
• Jungheinrich AG (Headquarter: - Hamburg, Germany)
• Toyota Industries Corporation (Headquarter: - Aichi, Japan)
• BEUMER Group (Headquarter: - Beckum, Germany)
• Cargotec (Headquarter: - Helsinki, Finland)
• Kion Group (Headquarter: - Frankfurt, Germany)
• Crown Equipment Corporation (Headquarter: - Ohio, United States)
• Honeywell Intelligrated (Headquarter: - Ohio, United States)
• SSI Schaefer AG (Headquarter: - North Rhine-Westphalia, Germany)
• Hytrol Conveyor Company, Inc. (Headquarter: - Jonesboro, United States)

Regional Trends:

• North America: U.S., Canada, Mexico

• Europe: Germany, U.K., France, Italy, Spain, Rest of Europe

• Asia Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific

• Latin America: Brazil, Argentina, Rest of Latin America

• Middle East & Africa: GCC Countries, South Africa, Rest of MEA

Highlights of Our Report

Our report offers extensive market analysis, providing a deep dive into manufacturing capabilities, production volumes, and technological innovations within the Automated Material Handling Equipment Market. It includes detailed corporate insights with in-depth reviews of company profiles, highlighting major players and their strategic moves in this competitive landscape. The report also examines consumption trends to shed light on current demand dynamics and consumer preferences. Comprehensive segmentation details illustrate the market’s distribution across various end-user segments, applications, and industries. In addition, there is a thorough pricing evaluation that explores pricing structures and the key factors influencing market strategies. Finally, the report presents a forward-looking outlook, offering predictive insights into emerging trends, growth opportunities, and potential challenges that may shape the market’s future.

Market Segmentation:

By Type

• Automated Storage & Retrieval System
• Automated Conveyor & Sorting System
• Automated Guided Vehicle

By System Load

• Unit Load
• Bulk Load

By Application

• Assembly
• Distribution
• Transportation
• Packaging
• Others (Sorting)

By Industry

• E-Commerce
• Automotive
• Food & Beverages
• Pharmaceutical
• Aviation
• Semiconductors & Electronics
• Others (Chemicals)

Key Drivers/ Restrains:

• Drivers:
  • Increasing demand for automation in warehouses and distribution centers to enhance operational efficiency and reduce labor costs.
  • Technological advancements in robotics and IoT facilitating smarter and more flexible automated material handling solutions.
• Restraints:
  • High initial investment and implementation costs may deter small to medium-sized enterprises from adopting automated solutions.
  • Concerns over workforce displacement and the need for employee retraining in the face of increased automation.

In Summary:

The automated material handling equipment market is expanding with the increasing adoption of robotics, AI, and machine learning for warehouse and logistics automation. Technologies such as autonomous guided vehicles (AGVs), robotic arms, and conveyor systems are optimizing supply chain operations. As industries strive for operational efficiency and cost savings, the demand for automated material handling equipment is set to grow significantly.

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.