Automated Material Handling Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Automated Material Handling Equipment Market covers analysis by Product (Robots, Automated Storage & Retrieval System, Automated Conveyors & Sortation System, Automated Cranes, and Automated Guided Vehicles), System Type (Unit Load and Bulk Load), Component (Hardware, Software, and Services), Function (Storage, Transportation, Assembly, Packaging, Distribution, and Waste Handling), and Industry (Automotive, Electronics, Food & Beverages, E-Commerce, Aerospace, Logistics, Pharmaceuticals, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPTE100000628
  • Category : Manufacturing and Construction
  • Status : Upcoming
  • No. of Pages : 232
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The automated material handling equipment market size is expected to grow from US$ 35.65 billion in 2022 to US$ 56.34 billion by 2028; it is estimated to record a CAGR of 9.1% from 2022 to 2028.

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.

Strategic Insights

Regional Analysis of Automated Material Handling Equipment Market

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:

  • There are 301 automobile assembly and engine production plants present in the region. Out of these plants, 194 are located within the European Union.
  • 134 factories in the region manufacture passenger cars, 52 build heavy-duty vehicles (trucks), 41 make light commercial vehicles (vans), 72 manufacture engines, 66 produce buses, and 18 make batteries.
  • Germany, France, Italy, the Netherlands, Poland, and Spain are among the key countries with automobile assembly and production plants.

Therefore, the presence of a huge automotive industry is driving the installation of AMH equipment in Europe.

Lucrative Regions – Automated Material Handling Equipment Market

Lucrative Regions – Automated Material Handling Equipment MarketMarket Insights – Automated Material Handling Equipment Market

System Type-Based Insights

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.

  • In January 2023, Trew, LLC (an automated materials handling solutions provider) announced that it is expanding its footprint in Southwest Ohio (the US). The company aims to set up a technology center to accelerate material handling solution innovation while generating minimum 75 new engineering jobs. The company would receive a grant of up to US$ 4 million in assistance with an R&D Grant from JobsOhio. This grant will enable Trew to develop warehouse execution software and automation technologies, and create a demonstration, testing, and training facility.
  • In December 2022, Ensign Equipment Inc., a material handling equipment and integrated systems for handling dry bulk solids provider, completed the expansion of their assembly plant. The expansion would double Ensign Equipment Inc assembly space, fulfilling the rising demand for automated material handling solutions.

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.


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REGIONAL FRAMEWORK
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, System Type, Component, Function, and Industry

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies

1. Fives
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

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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