Automated Material Handling Equipment Market Outlook
Material handling includes a range of extensive activities, such as protection, movement, storage, and control. These activities are performed during warehousing, manufacturing, consumption, distribution, and disposal of materials and products. Automated material handling equipment helps in reducing human intervention and improving logistics management.
The global automated material handling equipment market size reached US$ 34.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 52.6 Billion by 2027, exhibiting a growth rate (CAGR) of 7.47% during 2022-2027.
This equipment has the ability to perform several other tasks, such as production planning, inventory control, resource allocation, after-sales support and services, and flow and process management.
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Automated Material Handling Equipment Market Trends:
The global market is primarily driven by the rapid expansion of the construction, aerospace, automotive, and agriculture sectors and the emergence of the industry 4.0. Additionally, the integration of artificial intelligence (AI), the internet of things (IoT), and radio frequency identification (RFID) technologies and strategic collaborations among the key players to increase the product portfolio are factors providing an impetus to the market growth. Moreover, rapid industrialization across the globe is another factor creating a positive outlook for the market.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players.
- BEUMER Group GmbH & Co. KG
- Daifuku Co. Ltd.
- Honeywell International Inc.
- JBT Corporation
- Kion Group AG
- KNAPP AG
- KUKA Aktiengesellschaft (Midea Group Co. Ltd.)
- Murata Machinery Ltd.
- TGW Logistics Group GmbH
- Toyota Industries Corporation
- Viastore Systems GmbH.
Key Market Segmentation:
The report has categorized the market based on component, product, function, system type and end use industry.
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Product:
- Conveyors and Sorting Systems
- Automated Storage and Retrieval Systems
- Robots
- Automated Guided Vehicles
- Others
Breakup by Function:
- Assembling
- Packaging
- Storage
- Transportation
- Distribution
- Others
Breakup by System Type:
- Unit Load
- Bulk Load
Breakup by End Use Industry:
- Automotive
- Chemicals
- Aviation
- Semiconductor and Electronics
- E-Commerce
- Food and Beverages
- Healthcare
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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