PUBLISHER: 360iResearch | PRODUCT CODE: 1434898
PUBLISHER: 360iResearch | PRODUCT CODE: 1434898
[197 Pages Report] The Automated Material Handling Market size was estimated at USD 32.15 billion in 2023 and expected to reach USD 35.64 billion in 2024, at a CAGR 12.16% to reach USD 71.79 billion by 2030.
Global Automated Material Handling Market
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 32.15 billion |
Estimated Year [2024] | USD 35.64 billion |
Forecast Year [2030] | USD 71.79 billion |
CAGR (%) | 12.16% |
Automated material handling (AMH) utilizes advanced technology, machines, and software solutions to manage and move goods within a manufacturing or distribution facility. This approach promotes operational efficiency, responsiveness, and cost-effectiveness by automating repetitive manual tasks, thus enhancing the overall productivity of an organization. The AMH system incorporates automated equipment such as automated guided vehicles (AGVs), conveyor systems, robotics, automated storage and retrieval systems (AS/RS), sortation systems, palletizers, and warehouse management software. These equipment work in tandem to create a seamless flow of materials while minimizing human intervention in storage, retrieval, transportation, packaging, and inventory tracking processes. Automated material handling is revolutionizing the way businesses handle manufacturing and distribution processes. The automated material handling market thrives due to the growing demand for robots in manufacturing and warehousing facilities, accelerated adoption of automated solutions in the industrial sector, and rapid eCommerce growth. However, significant capital requirements for installation and maintenance, lack of skilled workforce, and unexpected downtime may pose challenges. Technological advancements such as integrating AI, 3D vision, IoT, and increasing deployment by SMEs present immense opportunities for this market growth. Organizations can leverage several benefits that increase productivity, cost-efficiency, and competitiveness within their respective operations by employing cutting-edge technological advancements. As global supply chains evolve rapidly, adopting AMH systems can be essential for companies striving to stay ahead of the curve.
Regional Insights
The automated material handling market has been experiencing significant growth and transformation across the globe due to increased demand for automation in industries, advancements in technology, and the need for efficient supply chain management. In the Americas, the automated material handling market has surged due to the expansion of eCommerce businesses and the emphasis on reducing labor costs. Companies are adopting advanced technologies such as robotics and conveyor systems to enhance their operational efficiency, with increasing distribution centers established to cater to the growing demand for online shopping. Moreover, industries such as automotive manufacturing have increasingly turned toward automation to streamline production processes and minimize human errors. In the EMEA region, industrial developments and warehouse modernization initiatives are shaping the growth of the automated material handling market. Europe has been at the forefront, with countries including Germany leading innovations in robotics engineering and Industry 4.0 concepts. The emergence of smart factories fueled by the increasing use of IoT technology significantly contributes to increased adoption rates of automated systems in warehouses.
On the other hand, the Middle East and Africa region has observed a steady increase in investments toward infrastructure development projects, which is anticipated to create opportunities for automated material handling solutions. The APAC region is witnessing rapid growth in the automatic material handling market attributed to increasing manufacturing activities, rising labor costs, and the need for enhanced productivity levels. Regional and international companies operating within this region opt for automation solutions such as robotics and automated guided vehicles (AGVs) to rapidly meet consumer demands. Furthermore, government initiatives like "Made in India" and "Made in China 2025" have spurred domestic manufacturers to embrace novel technologies that can enhance production efficiency.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Automated Material Handling Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automated Material Handling Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Automated Material Handling Market, highlighting leading vendors and their innovative profiles. These include Automated Materials Handling Life Services Limited, Automatic Handling International, Inc., Beumer Group GmbH & Co. KG, Daifuku Co., Ltd., Fritz Schafer GmbH & Co KG, Hachidori, Honeywell International Inc., Hyster-Yale Materials Handling, Inc., IHI Corporation, Invia Robotics Inc., JBT Corporation, Jungheinrich AG, Kardex Holding AG, Kion Group AG, Knapp AG, Kuka AG, Mitsubishi Corporation, Murata Machinery Ltd., Odyssey Robotics Inc., Rockwell Automation, Inc., Scott Technology Ltd, Seegrid Corporation, Siemens AG, System Logistics S.p.A., TGW Logistics Group GmbH, Toyota Industries Corporation, VisionNav Robotics, Westfalia Technologies Inc., Zebra Technologies Corporation, and ZF Friedrichshafen AG.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Automated Material Handling Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automated Material Handling Market?
3. What are the technology trends and regulatory frameworks in the Automated Material Handling Market?
4. What is the market share of the leading vendors in the Automated Material Handling Market?
5. Which modes and strategic moves are suitable for entering the Automated Material Handling Market?