According to the report by Expert Market Research (EMR), the global automated material handling equipment market is projected to grow at a CAGR of 7% between 2023 and 2028. Aided by the soaring demand for efficient, cost-effective logistics solutions and the widening applications of automated material handling equipment across diverse industries, the market is expected to grow significantly by 2028.
Automated material handling equipment comprises systems and devices such as automated guided vehicles (AGVs), robotics, conveyor systems, and automated storage and retrieval systems (AS/RS). These machines are integral for increasing productivity, reducing operational costs, and improving workplace safety in sectors like manufacturing, warehousing, and distribution. They play a crucial role in streamlining operations, mitigating human error, and enhancing overall business efficiency.
The growing demand for efficient logistics solutions is primarily driving the global automated material handling equipment market. As businesses worldwide strive for enhanced operational efficiency and productivity, the demand for automated solutions that reduce manual labour and optimise workflow has surged. Moreover, the rising trend of automation and digitalisation across industries has further spurred the popularity of automated material handling equipment.
The broadening applications of automated material handling equipment in various industries are another significant growth propellant. In the manufacturing sector, these systems ensure consistent product quality by minimising errors and optimising process control. The e-commerce industry utilises this equipment to speed up order fulfilment processes and manage high-volume product handling. Furthermore, the use of these systems in the aviation industry for baggage handling and cargo operations contributes to market growth.
The rising emphasis on workplace safety is also a key driver of the automated material handling equipment market development. By reducing the need for manual handling of goods, these systems help mitigate workplace injuries, thereby promoting a safer work environment. Consequently, industries with extensive material handling needs, such as automotive, food and beverage, and pharmaceuticals, have significantly increased their investment in automated material handling solutions.
Lastly, the ongoing technological advancements, including the development of AI-integrated material handling equipment and the adoption of IoT, are significantly bolstering the automated material handling equipment market expansion. These technological enhancements promise improved system integration, predictive maintenance, and real-time tracking, thereby elevating the capabilities of automated material handling equipment.
Market Segmentation
The market can be divided based on component, product, system type, end use, and region.
Market Breakup by Component
- Software
Hardware
Services
Market Breakup by Product
- Robots
- Automated Storage and Retrieval Systems (ASRS)
- Conveyor and Sortation Systems
- Cranes
- Automated Guided Vehicles (AGV)
Market Breakup by System Type
- Unit Load Material Handling Systems
- Bulk Load Material Handling Systems
Market Breakup by End Use
- Automotive
- Semiconductors and Electronics
- Food and Beverages
- Chemicals
- Pharmaceuticals
- Aviation
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global automated material handling equipment companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Daifuku Co., Ltd.
- Jungheinrich AG
- Kion Group AG
- Toyota Industries Corporation
- Hyster-Yale Materials Handling, Inc.
- KUKA AG
- John Bean Technologies Corporation
- Others
