Report Code: TIPTE100000628 | No. of Pages: 232 | Category: Manufacturing and Construction | Status: Prebook
Industrial robotics is becoming increasingly entangled with Artificial Intelligence (AI), big data, and other technologies. It is predicted that robots would boost productivity and provide advanced smart assistance to humans in the future. Automated material handling systems are computerized technologies using robots instead of human labor. These systems are used to lift, pull, store, push, and retrieve materials and products. The automated material handling systems can bring a new amount of productivity in different application areas, including manufacturing plants and warehouses. Growing era of industrial robotics is contributing towards the growth of automated material handling equipment market growth.
The players are significantly investing in developing industrial robots integrated with AI. Further, the Chinese government is expanding its efforts to integrate AI into industrial robots. The integration will reduce the human intervention, which will benefit countries with inadequate and expensive labor forces. However, this may also result in loss of employment in labor-intensive economies.
Additionally, higher adoption of robotics, rise in big data, increase in inclination towards e-commerce, and proliferation of micro-fulfillment centers are projected to create lucrative business opportunities in automated material handling equipment market during the forecast period.
|Market Size Value in||US$ 35.65 billion in 2022|
|Market Size Value by||US$ 56.34 billion by 2028|
|Growth rate||CAGR of 9.1% from 2022 to 2028|
|No. of Pages||232|
|No. of Tables||68|
|No. of Charts & Figures||119|
|Historical data available||Yes|
|Segments covered||Product, System Type, Component, Function, and Industry|
|Free Sample Copy Available|
From the regional perspective, Europe is the second largest automated material handling equipment market share-holding region in the global market. Automotive, electronics & semiconductor, e-commerce, metal & heavy machinery, and many industries in European countries are witnessing high adoption of automated material handling (AMH) equipment. Countries in Central and Eastern Europe, including Romania, Slovakia, Lithuania, Portugal, and Estonia, are witnessing high adoption of AMH equipment in varied industries. The Czech Republic and Poland were the biggest climber countries, where AMH equipment installation climbed by 40% and 25%, respectively. Countries such as Germany and Italy, with robust automotive market presence, have noticed a significant adoption of AMH equipment.
Below mentioned are a few stats on regional automobile assembly and production plants:
Therefore, the presence of a huge automotive industry is driving the installation of AMH equipment in Europe.
Based on system type, the automated material handling equipment market is bifurcated into unit load and bulk load. In 2022, the unit load segment held a larger market share. The system is preferred by most of the industries due to the ease of construction along with practicality of unit load AMH systems. With the growing factory automation, the demand for these types of material handling systems is also set to increase. Unit load AMH are generally introduced upon work-in-progress operations to support just-in-time delivery and buffer storage in the production process. Manufacturing industries such as automotive, metal & heavy machinery, semiconductors, and electronics are a few major consumers of unit load AMH systems. Growing application of unit loads for high-density pallet storage, special loads, goods-to-person technology, cold & freezer storage, and buffering & staging is expected to endure the adoption of unit loads for handling large and heavy loads in the coming years. The mentioned aspects on use of unit loads will contribute towards the global automated material handling equipment market.
The automated material handling equipment market players are mainly focused on developing advanced and efficient products.
The automated material handling equipment market size is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America. In 2022, APAC led the automated material handling equipment market with a substantial revenue share, followed by Europe. Further, Asia Pacific is expected to register the highest CAGR in the automated material handling equipment market from 2022 to 2028.
Daifuku Co. Ltd.; Hyster-Yale Material Handling, Inc.; Jungheinrich AG; Kion Group AG; Toyota Industries Corporation; Hanwha Corporation; John Bean Technologies Corporation; Kuka AG; Beumer Group GmbH & Co.; and Fives Group are among the key automated material handling equipment market players operating in the industry. The market report provides detailed market insights, which help the key players strategize growth in coming years.
The List of Companies
2. Jungheinrich AG
3. Kion Group AG
4. kuka AG
5. Daifuku Co., Ltd.
6. Hyster-Yale Materials Handling, Inc.
7. BEUMER Group GmbH & Co. KG
8. Hanwha Corporation
9. John Bean Technologies Corporation
10. Toyota Industries Corporation