Market Snapshot:
Automated Materials Handling Equipment refers to industrial machinery and equipment which either operate individually or in a set of pull to move materials from one place to another. This process is sometimes completely autonomous, which means does not require human assistance, thus the system is called automated. The utilization of automated materials handling equipment also cuts the production costs, while increasing the efficiency of the industries. Primarily the automated materials handling equipment market can be segmented into Robots, conveyers, forklifts, and WMS among other major material handling subsystems. Global rise in adoption of automated systems especially due to recent pandemic has led to rapid growth of the automated materials handling equipment. Geographically, North America is the largest market of the automated material handling equipment.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Honeywell International Inc. (United States), Beumer Group GmbH & Co. KG. (Germany), SSI Schaefer (Germany), Kion Group AG (Germany), Toyota Industries (Japan), Daifuku Co., Ltd. (Japan), Jungheinrich (Germany), Viastore Systems (Germany), Hanwha Group (South Korea) and Hyster-Yale Materials Handling, Inc. (United States) |
Segment Analysis
AMA Research have segmented the market of Global Automated Materials Handling Equipment market by Type, Application and Region.
On the basis of geography, the market of Automated Materials Handling Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Trend
Integration of IoT Applications is rising in Popularity
Market Drivers
Growing Adoption of Automation Tools, Advancement in Robotics Technology, Rising Competition in Manufacturing has increased the Need to Reduce Production Costs and Shortage in Labour Supply
Opportunities
Drones May Increase in Application especially in Logistics
Restraints
- High Cost of Equipment Setup Specifically if the Equipment is Customer Specific
In addition to the aforementioned factor, Growing Adoption of Automation Tools
is expected to propel the growth of the market over the forecast period.
The key Players profiled in the study are Honeywell International Inc. (United States), Beumer Group GmbH & Co. KG. (Germany), SSI Schaefer (Germany), Kion Group AG (Germany), Toyota Industries (Japan), Daifuku Co., Ltd. (Japan), Jungheinrich (Germany), Viastore Systems (Germany), Hanwha Group (South Korea) and Hyster-Yale Materials Handling, Inc. (United States).