The Middle East and Africa automated material handling and storage systems market size is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing number of industries and manufacturing units in emerging economies.
Automated material handling equipment and storage system is an integrated system used for material handling and storing during manufacturing, warehousing, and distribution of products. The objective of situating these systems is to ensure that the exact amount of the material is safely delivered to the desired destination at the precise time and minimum cost. Continuous rise in the demand for automation with the advance technologies such as robotics, wireless technologies, and driverless vehicles, which are used in various industries including food and beverages, retail, general manufacturing, pharmaceuticals, and post & parcel.
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Material handling refers to short distance mobility of the material from the vehicle and building or vice-versa. The material handling equipment uses a mix of automated, semi-automated and manual technology. Material handling equipment and systems are used to move, store, control, and protect materials and products during the course of manufacturing, circulation, consumption and clearance. This generates utility by means of storage, handling, and control of materials. The prime goals of these systems are to maintain high product quality, productivity, and labor safety, and to decline labor costs, operating costs, and lead time for manufacturing.
Market Trends, Drivers, Restraints, and Opportunities
Increasing demand for a diverse range of automated material handling and storage systems from several industry verticals is anticipated to drive the market growth.Rising focus on innovation to support the competition is expected to spur the market growth in the coming years.Growing adoption of automation in the manufacturing industry is one of the key drivers for the market growth during the forecast period.Stringent government regulations on labor’s safety is positively influencing the growth of the market.Rapid growth of the e-commerce industry has encouraged companies to focus on the supply chain, driving the market growth.Rising reliance of the logistics industry on distribution systems and automation warehouses are some of the key factors propelling the market growth in the coming years.High expenditure, maintenance costs of equipment and systems, and growing concerns regarding manual labor replacement and shortage of skilled labor supply can create challenges for the market.Choosing of technology that is sufficient for the business requirements and balances the trade-off between the performances are some of the major challenges that can inhibit the market expansion.Increasing R&D investment and ongoing technological advancement to ensure safety and compliance with industry industries are projected to create significant opportunities for the market players in the projected timeline.Market Segment Insights
Automated guided vehicle systems segment to account a large market share
Based on equipment, the market is divided into automated guided vehicle systems, automated storage & retrieval systems, conveyor & sortation systems, and robotic systems. The automated guided vehicle systems segment is further classified as unit load carriers, tow vehicles, pallet trucks, assembly line vehicles, fork lift vehicles, and clamp vehicles. The automated storage & retrieval systems segment is sub-segmented into unit load AS/RS, mini load AS/RS, carousel types AS/RS, robotic AS/RS, tunnel style systems, and others. The conveyor & sortation systems segment is further divided into belt, pallet, screw, overhead, crescent, roller, and others. Conversely, the robotic systems segment is segregated into palletizing, pick & place service, case packing, and others. The automated guided vehicle systems segment is expected to constitute a key market share in the coming years owing to increasing focus of major players on automation , in order to improve efficiency in the logistic environment.
Automotive segment to expand at a significant pace
In terms of end-user applications, the market is segregated into automotive, retail, transportation & logistics, healthcare & lifescience, manufacturing, energy, and others. The automotive segment is expected to expand at a significance pace during the forecast period owing to growing demand for automated storage and retrieval systems in the automobile manufacturing capacity. Many international vendors in the market are seizing the opportunities by providing material handling and storage system for automotive manufacturers.
Distribution segment is anticipated to register at a substantial CAGR
Based on types of operations, the market is segmented into packaging, assembly, storage & handling, distribution, transportation, and others. The distribution segment is anticipated to register at a substantial CAGR during the forecast period due to rising focus on timely distribution of products to achieve delivery targets. On the other hand, the packaging segment is expected to grow at a healthy rate during the forecast period.
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Geographical Outlook
On the basis of geographies, the market is categorized as UAE, Saudi Arabia, South Africa, Turkey, Israel, and others. Saudi Arabia is anticipated to dominate the market to increasing online shopping transactions. The clothing, footwear, and accessories categories reported the most sales followed by computers and smartphones. However, the market in UAE is speculated to grow at a steady rate in the projected timeline.
Competitive Landscape
Key players competing in the Middle East and Africa automated material handling and storage systems market include BEUMER Group GmbH & Co. KG, Swisslog Holdings AG, Dematic Group, and Mecalux S.A.
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