PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1536706
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1536706
Automated Intralogistics Material Handling Solutions Market size was valued at USD 60,029.42 Million in 2023, expanding at a CAGR of 14.90% from 2024 to 2032.
Automated Intralogistics Material Handling Solutions refer to systems and technologies designed to automate the movement, storage, and management of materials and products within a warehouse or distribution center. The rapid expansion of e-commerce is driving the need for efficient and fast intralogistics solutions to handle increased order volumes and shorter delivery times. Automated solutions can significantly improve the efficiency and accuracy of material handling processes, leading to increased productivity and reduced operational costs. Automation reduces the risk of workplace accidents and injuries associated with manual material handling, enhancing overall safety in warehouses and distribution centers. However, the high upfront costs of implementing automated intralogistics solutions can be a significant barrier for many companies, especially small and medium-sized enterprises. In addition, there is a need for a skilled workforce to operate and maintain automated systems, and finding such talent can be challenging.
Automated Intralogistics Material Handling Solutions Market- Market Dynamics
Rapid expansion of e-commerce is driving the need for Automated Intralogistics Material Handling Solutions
With the growth of e-commerce, customers expect faster delivery times. Automated material handling solutions, such as automated storage and retrieval systems (AS/RS), conveyor systems, and robotic picking systems, help meet these expectations by streamlining warehouse operations and reducing processing times. Automation reduces the likelihood of human errors in order picking and processing, leading to higher accuracy in fulfilling orders. This is crucial in maintaining customer satisfaction and reducing costs associated with returns and corrections. Modern automated material handling solutions can be integrated with other technologies such as warehouse management systems (WMS), enterprise resource planning (ERP) systems, and Internet of Things (IoT) devices. This integration provides real-time data and analytics, improving overall operational efficiency and decision-making. According to the stats, As of 2024, There are 26.6 million eCommerce sites worldwide marking a 3.83% increase from the previous year.
Automated Intralogistics Material Handling Solutions Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 14.90% over the forecast period (2024-2032)
Based on product type segmentation, Automated Storage and Retrieval Systems (AS/RS) was predicted to show maximum market share in the year 2023
Based on function segmentation, Transportation was the leading type in 2023
Based on end-use industry segmentation, E-commerce was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Automated Intralogistics Material Handling Solutions Market is segmented on the basis of Product Type, System Type, Function, End Use Industry, and Region.
The market is divided into six categories based on product type: Automated Storage and Retrieval Systems (AS/RS), Automated Guided Vehicles (AGVs), Conveyor Systems, Palletizing and Depalletizing Systems, Sortation Systems, and Robotics Systems. AS/RS can significantly speed up the process of storing and retrieving items, reducing the time spent on these tasks. They also minimize human error, ensuring that items are accurately placed and retrieved. AS/RS systems provide real-time data on inventory levels, locations, and movements, enabling better inventory management and control. Companies with AS/RS can more easily adapt to changing market demands and trends, giving them a competitive edge.
The market is divided into six categories based on end-user: E-commerce, Food and Beverage, Retail, Automotive, Pharmaceutical and Healthcare, and Manufacturing. The rapid expansion of the e-commerce sector has driven the need for more efficient and faster order fulfillment processes. Automated intralogistics solutions help e-commerce companies manage high volumes of orders and reduce delivery times. Automated systems offer scalability, allowing e-commerce companies to easily ramp up their operations during peak periods such as holidays and sales events without compromising on speed or accuracy.
Automated Intralogistics Material Handling Solutions Market- Geographical Insights
The rapid growth of e-commerce has led to increased demand for efficient and scalable warehousing and distribution solutions. Automated material handling systems help meet the high volume and speed requirements of online retail. The labor market in North America has been experiencing shortages, particularly in warehousing and logistics roles. Automation helps mitigate these shortages by performing tasks traditionally done by humans. Companies are looking to optimize their supply chains to improve responsiveness and agility. Automated material handling systems facilitate better inventory management, faster order processing, and improved overall supply chain performance. Major players in the North American market include companies like Honeywell Intelligrated, Dematic, Swisslog, and Daifuku, among others. These companies offer a range of automated solutions, from robotic picking systems to automated guided vehicles (AGVs) and conveyor systems.
Major players in the Automated Intralogistics Material Handling Solutions Market Daifuku Co., Ltd., Swisslog Holding AG, Dematic (KION Group AG), Honeywell Intelligrated, TGW Logistics Group, Mecalux, S.A., etc. Daifuku Co., Ltd. is one of the leading companies in material handling systems, offering automated storage and retrieval systems (AS/RS), conveyor systems, and warehouse management systems (WMS). Through its subsidiaries like Dematic, KION Group provides comprehensive intralogistics solutions including automated guided vehicles (AGVs), conveyor systems, and automated storage solutions. Swisslog Holding AG is a global provider of automated intralogistics technologies, including robotics, AGVs, and warehouse management software, often catering to e-commerce and retail sectors. Companies are investing heavily in R&D to develop advanced automation technologies such as AI, machine learning, and IoT integration to improve efficiency and accuracy in material handling. There is a growing demand for customized and scalable solutions to cater to the unique needs of different industries, especially in the e-commerce sector.
In January 2024, K.Hartwall and Hy-Tek Intralogistics, the premier integrator of full-service automation technologies in the supply chain in the US announced a partnership. With the combination of Hy-Tek's enterprise logistics platform and K.Hartwall's Automated Guided Vehicles, the A-MATE FreeLift, and the A-MATE Counter, customers will now achieve a much faster return on investment by reducing operational costs and increasing efficiency in their intralogistics processes.
In July 2024, URBX and Carter Intralogistics Announced a Strategic Partnership, designating Carter Intralogistics as an authorized integrator of URBX's state-of-the-art robotic solutions for high-density, high throughput goods-to-person automated storage and retrieval systems. This partnership combines URBX's high density and high throughput robotic Goods-To-Person System, with Carter Intralogistics expertise in providing automation solutions and material handling across various sectors.
In May 2023, Aformic, a leading AMR technology provider, will open its showroom of Formica autonomous mobile robots and smart intralogistics solutions during Automate 2023, the largest exhibition of automation in North America, taking place from May 22nd to 25th in Detroit, USA.
GLOBAL AUTOMATED INTRALOGISTICS MATERIAL HANDLING SOLUTIONS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Daifuku Co., Ltd.
Swisslog Holding AG
Dematic (KION Group AG)
Murata Machinery, Ltd.
Honeywell Intelligrated
Jungheinrich AG
SSI Schaefer AG
Mecalux, S.A.
Beumer Group GmbH & Co. KG
Kardex Group
TGW Logistics Group
Vanderlande Industries B.V.
Fives Group
System Logistics S.p.A.
Knapp AG
Egemin Automation (KION Group AG)
Bastian Solutions, Inc. (Toyota Advanced Logistics)
GreyOrange
Geek+ Inc.
Fetch Robotics, Inc.
Others