Overview:

The global automated material handling equipment market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The machines that are used to manage and transport goods in warehouse and manufacturing area are referred as automated material handling equipment. The automated material handling equipment follow standard steps and protocols while handling the goods and maintains goods safety.

This equipment includes material carrier and tracker system to track the location and identify material. Hence, these equipment are able to carry or transport goods from one location to another as per pre-defined process steps.

Market Dynamics:

The growing E-commerce industry is a major factor driving demand for automated material handling equipment across the globe. The growth in E-commerce and online shopping is resulting in increased trade activity. Hence, the material handling and transportation activity is increasing at warehouse and manufacturing sites. This is a major factor driving growth of the global automated material handling equipment market.

Additionally, growing technological advancement in the material handling equipment is another major factor propelling growth of the target market. Many companies have developed advanced systems that are able to identify material using different technologies such as barcoding, RFID, optical character recognition (OCR), and many others. These systems are independently able to manage all handling process.

However, rising systems cost owing to R&D and technological advancements is a major factor affecting growth of the global market. Nevertheless, rising labor cost expected to push target market growth in the forecast period.

Key Trends:

Rising strategic acquisitions and expansion activity are the key trends witnessed in the global automated material handling equipment market. For example, in September 2020, KION Group has announced production facility expansion in Czech Republic. This type of strategic initiatives is expected to propel growth of the target market during the forecast period.

Regional Analysis:

For detailed understanding of market dynamics, the global automated material handling equipment market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe has accounted for major market share in the global market in 2019. Also, Asia Pacific held second leading position in terms of market share in the global market. This is owing to increasing adoption of automated material handling systems in the end use industries. Growing industrialization and investment in manufacturing sector are some other key factors supporting target market growth in these regions.

However, Asia Pacific is expected to witness highest growth in the global market over the forecast period. Also, the North America is expected to witness significant growth during the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Automated Material Handling Equipment Market, By Solution:

• Hardware
• Software
• Services

Global Automated Material Handling Equipment Market, By Product Type:

• Cranes
• Shuttles
• AGV’s
• Robotics
• Conveyors
• Autostore

Global Automated Material Handling Equipment Market, By Technology:

• Pallet Picking
• Light Picking

Global Automated Material Handling Equipment Market, By Application:

• E-Grocery
• E-Retail
• E-Fashion
• 3PL
• Food
• Beverages
• Pharmaceuticals
• Others (Retail, Chemical, Automotive, Semiconductors, and Electronics)

Key Players Covered:

Key players operating in the global automated material handling equipment market includes Intelligrated Systems Inc., Toyota Industries Corporation, Kion Group AG, Murata Machinery Ltd., Honeywell International Inc., Daifuku Co., Ltd., BEUMER Group, Swisslog Holding AG, Dematic Group S.A.R.L, and Bastian Solutions, Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Automated Material Handling Equipment Market by solution, product type, technology, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global automated material handling equipment market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.