Automated Material Handling Equipment Market to See Striking Growth by 2028 | IMARC Group

IMARC Group, a leading market research company, has recently releases report titled “Automated Material Handling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global automated material handling equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Automated Material Handling Equipment Market?

The global automated material handling equipment market size reached US$ 37.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.

What is Automated Material Handling Equipment?

Automated material handling equipment refers to systems that assist in the transportation, storage, and organization of goods within manufacturing plants, warehouses, and distribution centers. Utilizing computer-controlled processes, these systems are designed to expedite and streamline the handling of materials, thereby reducing manual labor, minimizing errors, and enhancing overall efficiency. The category includes a range of equipment such as conveyor belts, automated storage, and retrieval systems (AS/RS), robotic delivery systems, and automated guided vehicles (AGVs). These systems work in coordination to facilitate the smooth flow of materials from one point to another, often integrated into a company's larger supply chain and inventory management systems. Automation in material handling serves multiple objectives.

It enhances productivity by enabling faster, more consistent movement of goods. It improves accuracy by reducing the potential for human error in tasks like sorting, packaging, and inventory tracking. Safety is also a significant benefit, as automation can handle hazardous materials or operate in dangerous environments, thus reducing workplace accidents. Additionally, automated material handling equipment is highly adaptable and can be customized to handle different types of materials and adapt to various operational scales. It offers scalability, allowing businesses to expand their capacity with minimal incremental costs.

Request For a PDF Sample Report: https://www.imarcgroup.com/automated-material-handling-equipment-market/requestsample

What are the Growth Prospects and Trends in the Automated Material Handling Equipment Market?

The rising need for efficiency and higher productivity in manufacturing and supply chain operations represents one of the key factors driving the growth of the market across the globe. Automated systems are far quicker and more accurate than manual processes, which reduces lead times and increases output. As labor costs continue to rise, automation provides a cost-effective solution for companies looking to manage operational expenses. Automated systems operate around the clock, reducing the need for multiple work shifts. The exponential growth of e-commerce platforms demands faster and more accurate sorting, picking, and shipping operations. Automated material handling equipment is well-suited to meet these challenges, which is driving the market. Innovations, such as artificial intelligence (AI), the Internet of Things (IoT), and advanced robotics are making automated systems smarter, more adaptable, and easier to integrate with existing operations. Automation reduces the risk of workplace accidents and enhances quality control by minimizing human errors in tasks like sorting, packaging, and quality assurance.

Automated systems are easily scaled to meet growing production demands, which provides flexibility to businesses and makes it a long-term investment. In line with this, stricter regulations concerning worker safety and quality control are pushing businesses towards automation to comply with these guidelines without compromising on efficiency. Automated systems are often more energy-efficient and are programmed to operate in a way that minimizes waste, aligning with the growing emphasis on sustainable business practices. The increasing adoption of "Just-in-Time" manufacturing and the need for rapid inventory turnover in retail is driving the adoption of automated material handling solutions which is fueling the growth of the market. The ability to collect and analyze data for optimizing processes is another advantage of automation, which makes it appealing for companies invested in data-driven decision-making, thus facilitating the market growth.

Who are the Key Players Operating in the Automated Material Handling Equipment Industry?

The report has also analysed the competitive landscape of the market with some of the key players.

• BEUMER Group GmbH & Co. KG
• Daifuku Co. Ltd.
• Honeywell International Inc.
• JBT Corporation
• Kion Group AG
• KNAPP AG
• KUKA Aktiengesellschaft (Midea Group Co. Ltd.)
• Murata Machinery Ltd.
• TGW Logistics Group GmbH
• Toyota Industries Corporation
• Viastore Systems GmbH.

What is Included in Market Segmentation?

The report has categorized the market based on component, product, function, system type and end use industry.

Breakup by Component:

• Hardware
• Software
• Services

Breakup by Product:

• Conveyors and Sorting Systems
• Automated Storage and Retrieval Systems
• Robots
• Automated Guided Vehicles    
• Others

Breakup by Function:

• Assembling
• Packaging
• Storage
• Transportation
• Distribution
• Others

Breakup by System Type:

• Unit Load
• Bulk Load

Breakup by End Use Industry:

• Automotive
• Chemicals
• Aviation
• Semiconductor and Electronics
• E-Commerce
• Food and Beverages
• Healthcare
• Others

Regional Analysis:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/automated-material-handling-equipment-market

Key Highlights of The Report:                                                    

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact:

Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com