Automated Material Handling Equipment Market: Global Trends, Size, and Key Players by 2024
Delve into the automated material handling equipment market, analyzing innovations, market dynamics, and the impact of automation on warehouse efficiency.
The study of the global Automated Material Handling Equipment Market is presented in the report, which is a thoroughly researched presentation of the data. The analysis delves into some of the key facets of the global Automated Material Handling Equipment Market and shows how drivers like pricing, competition, market dynamics, regional growth, gross margin, and consumption will affect the market’s performance. A thorough analysis of the competitive landscape and in-depth company profiles of the top players in the Automated Material Handling Equipment Market are included in the study. It provides a summary of precise market data, including production, revenue, market value, volume, market share, and growth rate.
The best investment markers are insights into the most prominent market trends, which help potential participants make decisions even easier. The research aims to discover the numerous growth chances that readers may take into consideration and take advantage of using all the necessary information. The market growth over the coming years can be predicted with greater accuracy by carefully examining the important growth-influencing aspects including pricing, production, profit margins, and value chain analyses.
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Market Summary:
The global automated material handling (AMH) equipment market size was USD 10.18 billion in 2019 and is projected to reach USD 18.01 billion by 2032, exhibiting a CAGR of 4.2% during the forecast period.
The Automated Material Handling Equipment Market has grown significantly due to factors such as increased product demand, an expanding client base, and technological advancements. This report provides a comprehensive overview of the industry, covering market size, trends, key drivers and challenges, competition dynamics, and potential growth opportunities. Recent Industry Developments:
- Jungheinrich unveils cutting-edge mobile robot solution at LogiMAT 2023, setting new industry standards. The adaptable robot seamlessly integrates into warehouses, autonomously solves challenges, and enhances performance, reflecting a shift towards intelligent intralogistics.
- Toyota Material Handling expands its portfolio with innovative electric forklifts: Side-Entry End Rider, Center Rider Stacker, and Industrial Tow Tractor. These additions enhance material handling solutions, emphasizing adaptability and superior on-site performance for customers.
- Hyster-Yale Materials Handling, Inc., acquired Zhejiang Maximal Forklift Company Limited in order to expand its manufacturing capabilities and strengthen its product portfolio to gain competitive edge in the global market.
Key Players:
- Daifuku Co.,Ltd (Headquarter:- Osaka, Japan)
- Jungheinrich AG (Headquarter: – Hamburg, Germany)
- Toyota Industries Corporation (Headquarter: – Aichi, Japan)
- BEUMER Group (Headquarter: – Beckum, Germany)
- Cargotec (Headquarter: – Helsinki, Finland)
- Kion Group (Headquarter: – Frankfurt, Germany)
- Crown Equipment Corporation (Headquarter: – Ohio, United States)
- Honeywell Intelligrated (Headquarter: – Ohio, United States)
- SSI Schaefer AG (Headquarter: – North Rhine-Westphalia, Germany)
- Hytrol Conveyor Company, Inc. (Headquarter: – Jonesboro, United States)
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Market Overview:
- Current Market Trends: Analysis of the latest developments shaping the market landscape.
- Segmentation Analysis: Breakdown of the market by key segments and regional dynamics.
- Pricing Strategy Evaluation: In-depth examination of pricing trends within the industry.
- COVID-19 Impact Assessment: Exploration of how the pandemic has affected market behaviors and trends.
- Market Projections: Forecasting future market growth and potential shifts.
Key Report Highlights:
- Insight into the primary growth drivers and challenges facing the market.
- An extensive review of regional advancements and their implications.
- A compilation of leading industry players and their market positions.
- Strategies employed by significant market participants.
- Updates on recent industry movements, including product launches and mergers.
- Analysis of factors that may restrict growth and the regional market presence affecting trends beyond 2032.
This market research report is meticulously crafted to deliver a thorough understanding of the industry’s trajectory, equipping businesses with the insights necessary for strategic decision-making. The Automated Material Handling Equipment Market Report spans over 130+ pages and includes a detailed table of contents featuring figures, tables, graphs, and comprehensive analysis.
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Key Insights
- Industry Developments (Mergers, Acquisitions, Partnerships)
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Innovations
- Value Chain Analysis
- TOC Continued…
This study presents a detailed view of the market landscape, categorized by sub-regions and countries. It identifies potential profit avenues, alongside market share and growth forecasts for each geographical area.
Segmentation of this report:
Automated Material Handling (AMH) Equipment Market Size, Share & COVID-19 Impact Analysis, By Type (Automated Storage & Retrieval System, Automated Conveyor & Sorting System, Automated Guided Vehicle), By System Load (Unit Load & Bulk Load), By Application (Assembly, Distribution, Transportation), By Industry (Retail & E-commerce, Automotive, Food & Beverages, Pharmaceutical, Semiconductors & Electronics) and Regional Forecast, 2032
Automated Material Handling Equipment Market Drivers & Restrains:
- Drivers:
- Increasing Demand for Efficiency: The need for streamlined operations and reduced labor costs drives the adoption of automated material handling equipment, which enhances efficiency and productivity in warehouses and manufacturing facilities.
- Technological Advancements: Innovations such as robotics, artificial intelligence, and the Internet of Things (IoT) improve the capabilities and functionality of material handling systems, boosting market growth.
- Growth in E-commerce: The rapid expansion of e-commerce and online retail requires efficient and scalable material handling solutions to manage high volumes of goods and ensure fast order fulfillment.
- Focus on Safety and Ergonomics: Automated systems reduce the risk of workplace accidents and improve ergonomics by handling heavy and repetitive tasks, promoting the adoption of material handling equipment.
- Customization and Flexibility: The ability to tailor automated systems to specific operational needs and easily reconfigure them for different tasks drives demand across various industries.
- Restraints:
- High Initial Investment: The significant upfront costs associated with purchasing and installing automated material handling equipment can be a barrier, particularly for small and medium-sized enterprises.
- Complex Integration: Integrating new automated systems with existing infrastructure and workflows can be complex, requiring substantial time, expertise, and resources.
- Maintenance and Support Costs: Ongoing maintenance, repair, and support for advanced material handling equipment can be costly and impact overall operational budgets.
- Technological Obsolescence: Rapid advancements in technology may lead to obsolescence of existing equipment, necessitating frequent upgrades or replacements to stay current with industry standards.
- Workforce Impact: The introduction of automation may lead to workforce displacement or require significant retraining, which can create resistance or operational challenges in some organizations.
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