Automated Material Handling Equipment Market size is projected to reach USD 43.6 billion in 2021, at a CAGR of 13.0% to 2028.
Automated material handling equipment can automate the most tedious, dull, and unsafe tasks in the production line of different industries. This equipment is used by the end users to improve the quality, throughput, flexibility, and consistency along with decreasing ergonomic hazards for workers. It helps in enhancing the efficiency of the production line and increases the customer satisfaction by delivering quality products on time. Automated material handling equipment offers numerous advantages such as increases profit, enhances production quality & quantity, time saver, reduced labour costs and improved efficiency.
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Automated material handling (AMH) equipment eliminates the need for human interference in a material handling process. Continuous rise in demand for automation with the advent of technologies such as robotics, wireless technologies, and driverless vehicles in different industries like food and beverages, retail, general manufacturing, pharmaceuticals, and post & parcel has revolutionized the adoption of automated material handling the equipment.
Key Players
· Hyster-Yale Material Handling, Inc.
· Kion Group AG
· Hanwha Corporation
· Kuka AG
· Fives
· Murata Machinery, Ltd.
· TGW Logistics Group GmbH
· Viastore Systems GmbH
· Daifuku Co., Ltd. and More
Regional Analysis
APAC is expected to be the fastest-growing market for AMH equipment. Rising awareness related to warehouse automation, increasing emphasis of leading economies such as China and Japan on robotics and automation, and the growing e-commerce industry are some of the primary factors contributing to the high growth rate of APAC.
Recent Developments
In November 2020, Vanderlande was contracted by Dutch organic food retailer Udea to deliver an advanced goods-to-person system.
In October 2020, SSI Schaefer was contracted by Coop, one of the leading food retailers in Sweden, for intralogistics to provide a cutting-edge, energy-efficient, and highly automated logistics solution for its new 77,000-m² distribution centre in Eskilstuna (Sweden).
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Automated Material Handling Equipment Market is segmented into product, system type, industry and region.
On the basis of Product
· Robots
· Automated Storage and Retrieval System (ASRS)
· Conveyors & Sortation Systems
· Cranes
· Warehouse Management System (WMS)
· Automated Guided Vehicle (AGV)
On the basis of System Type
· Unit Load Material Handling Systems
· Bulk Load Material Handling Systems
On the basis of Industry
· Automotive
· Semiconductor & Electronics
· Metals & Heavy Machinery
· Chemicals
· Food & Beverages
· E-commerce
· Healthcare
· Aviation
· Third Party Logistics (3PL)
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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