Automated Material Handling Systems Market- Size, Outlook, Trends and Forecast (2024 - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Automated material handling systems refers to the systems which are used for the handling of the materials at the end user industries to carry out the industrial operations including storage, picking and placing and some other operations. Rising number of regulations on worker safety coupled with the need for the automation of industrial operations has been boosting the adoption of automated material handling systems in a wide variety of industries.
Global Automated Material Handling Market Segments Size & Growth:
Global automated material handling market size is projected to reach approximately $50 billion by the end of 2024 with a CAGR of close to 9% from $32.36 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include an increasing number of stringent regulations surrounding labour safety, emphasis on optimising the industrial operational costs by using automated systems and so on. However, the high cost of the systems has been hampering the market growth of these automated material handling systems in the small-scale enterprises thereby hindering the market growth.
Global Automated Material Handling Market Segments Share:
Automated Material Handling systems market is categorised into product type which comprises of AGVs, cranes, robots, storage & retrieval systems and so on. Robotic systems
Automated Material Handling Systems Market- Size, Outlook, Trends and Forecast (2024 - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
are anticipated to possess dominant market share by value owing to the high cost of these systems. By load type, AMH market is segregated into the unit load and bulk load systems. Among the load types, unit load systems are projected to continue its dominant during the period 2017-2024. Application segment includes packaging, distribution, storage and some other segments.
Automotive is the leader in the AMH market among all end-user industries owing to the rising number of stringent regulations with regards to the labour safety in the automotive sectors coupled with the increasing adoption of this equipment for the assembling, packaging and distribution applications. By Geography, APAC is projected to dominate the AMH market, and the growth in the APAC economies is mainly attributed because of the increasing adoption in the manufacturing industries. Moreover, automated material handling equipment market is witnessing a high growth rate owing to the growing investments by manufacturers and suppliers for installing automated material handling equipment at warehouses and distribution centres.
Global Automated Material Handling Market Trends:
- The automated material handling equipment such as robotic systems perform tasks with higher accuracy and precision and help to reduce operational cost.
- New technologies such as vision automated guided vehicle provide increased
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Automated Material Handling Systems Market- Size, Outlook, Trends and Forecast (2024 - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
throughput, ensure safety, and helps reduce labour costs.
Introduction of advanced technologies results in enhanced quality and flexible automated systems which would strengthen the market in the future.
The effect of new technologies is moderate in the AHM equipment market, and its impact is expected to increase shortly, owing to increasing adoption of automated material handling equipment in e-commerce industry to shorten the delivery time of products to customers.
February 2017, Toyota Industries Corporation acquired Bastian Solutions LLC. To expand its operations in the North American and European region to gauge the e-commerce boom.
Global Automated Material Handling Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
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