Global Automated Material Handling Equipment Market Report 2023: Growing Number of Start

Global Automated Material Handling Equipment Market

Dublin, May 19, 2023 (GLOBE NEWSWIRE) -- The "Global Automated Material Handling Equipment Market by Product (Robots, ASRS, Conveyors & Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, e-Commerce, Food & Beverage) and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The global automated material handling equipment market is projected to reach USD 45.7 billion by 2028 from USD 30.6 billion in 2023, at a CAGR of 8.3% from 2023 to 2028. The growth of this market is attributed to the rising demand for automated material handling equipment among diverse industries and the growing number of start-ups offering robotics solutions for warehouse automation.

Unit Load segment is projected to grow at a higher CAGR during 2023-2028

Unit load material handling systems involve appropriately sized items organized into a single unit that can be moved easily. It consists in handling various items or unit formats independently, even when they are transported in large quantities or are significant in dimension. These systems are quick and economical to move several items in a single run. These systems help reduce damages and handling costs. Such systems make handling, storage, and distribution more efficient. The types of AMHE used to manage unit loads include AGVs, ASRS, and robots.

Automotive Industry to account for the largest share of market in 2023

The automotive industry players seek improvements in manufacturing through automated and efficient processes. These companies need to carry out their manufacturing and assembling operations efficiently by carefully handling various components and keeping track of it. The deployment of AMHE in this industry helps prevent damage to auto parts, reduce the cost of unproductive labor hours by handling inventory, and maximize storage capacity within the available floor space.

Asia-Pacific is anticipated to contribute the largest share of the market during the forecast period

Asia-Pacific consists of some of the fastest-growing economies - such as China, Japan, and India. Substantial domestic demand for products and significant business growth opportunities have led to the establishment of number of manufacturing and warehousing plants of various industries in the countries. These plants are of major industries such as automotive, metals & heavy machinery, and semiconductor & electronics, in the region. This in turn is offering lucrative opportunities for the automated material handling equipment market in Asia-Pacific.

Key Attributes:

Report Attribute

Details

No. of Pages

308

Forecast Period

2023 - 2028

Estimated Market Value (USD) in 2023

$30.6 Billion

Forecasted Market Value (USD) by 2028

$45.7 Billion

Compound Annual Growth Rate

8.3%

Regions Covered

Global

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Major Offerings and Applications of Automated Material Handling Equipment6.1. Introduction6.2. Offerings of Automated Material Handling Equipment6.3. Hardware6.4. Software6.5. Services6.5.1. Maintenance & Repair6.5.2. Training6.5.3. Software Upgrades6.6. Emerging Applications of ASRS6.6.1. Hospitals6.6.2. Academic Institutions6.7. Emerging Applications of AGVs6.7.1. Hospitals6.7.2. Theme Parks6.8. Emerging Technologies Used in AGVs6.8.1. LiDAR Sensors6.8.2. Camera Vision6.8.3. Dual Mode AGVs

7 Outdoor Material Handling Equipment7.1. Introduction7.2. Forklift7.3. AGV7.3.1. Tow Vehicles7.3.2. Unit Load Carriers

8 Latest Trends in Warehousing Technologies Impacting the Market8.1. Introduction8.2. Micro Fulfilment Centres8.2.1. Significant Developments in MFC Space8.2.2. Advantages of MFCs Over CFCs8.2.3. Ecosystem of MFCs8.2.4. Major Companies Leading Ways to MFCs8.2.5. Key Technologies Involved in MFCs8.2.5.1. Cube Storage8.2.5.2. Autonomous Mobile Robots (AMRs)8.2.5.3. Shuttle Systems8.2.5.4. Others8.2.6. Brief Details About Funding in MFCs8.2.7. Number of MFCs Deployed in US8.3. Autonomous Machines8.4. Dark Stores

9 Automated Material Handling Equipment, by Product9.1. Introduction9.2. Robots9.2.1. Traditional Robots9.2.2. Collaborative Robots9.2.3. Autonomous Robots9.3. Automated Storage & Retrieval Systems9.3.1. Unit Load9.3.2. Mini Load9.3.3. Vertical Lift Module9.3.4. Carousel9.3.4.1. Vertical Carousal9.3.4.2. Horizontal Carousal9.3.5. Mid-Load9.4. Conveyor & Sortation Systems9.4.1. Belt Conveyor9.4.2. Roller Conveyor9.4.3. Overhead Conveyor9.4.4. Screw Conveyor9.5. Real Time Location System (RTLs)9.6. Automated Guided Vehicles9.6.1. AGV Market, by Type9.6.1.1. Tow Vehicles9.6.1.2. Unit Load Carriers9.6.1.3. Pallet Trucks9.6.1.4. Assembly Line Vehicles9.6.1.5. Forklift Trucks9.6.1.6. Others9.6.2. AGV Market, by Navigation Technology9.6.2.1. Laser Guidance9.6.2.2. Magnetic Guidance9.6.2.3. Inductive Guidance9.6.2.4. Optical Tape Guidance9.6.2.5. Vision Guidance9.6.2.6. Others9.7. Warehouse Management Systems9.7.1. WMS Market, by Deployment Type9.7.1.1. On-Premises9.7.1.2. Cloud9.8. RLTs

10 Automated Material Handling Equipment Market, by System Type10.1. Introduction10.2. Unit Load Material Handling Systems10.3. Bulk Load Material Handling Systems

11 Automated Material Handling Equipment Market, by Industry11.1. Introduction11.2. Automotive11.3. Chemicals11.4. Aviation11.5. Semiconductor & Electronics11.6. e-Commerce11.7. Food & Beverages11.8. Healthcare11.9. Metals & Heavy Machinery11.10. Third-Party Logistics (3PL)11.11. Others

12 Automated Material Handling Equipment Market, by Region

13 Competitive Landscape

14 Company Profiles

15 Appendix

Companies Mentioned

Addverb Technologies

Autocrib

Automation Logistic

Avancon

Beumer

Daifuku

Ferreto

Grabit

Hanwha

Honeywell International

Hyster-Yale Material Handling

Invata Intralogistics

Invia Robotics

Jbt

Jungheinrich

Kion

Knapp

Kuka

Locus Robotics

Meiden America

Mobile Industrial Robots

Murata Machinery

Ssi Schaefer

Tgw Logistics

Toyota Industries

Viastore

Westfalia Technologies

For more information about this report visit https://www.researchandmarkets.com/r/u5tmxu

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Global Automated Material Handling Equipment Market