North America Automated Material Handling Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Published : 30 Aug 2024

Report Type : Regional

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North America Automated Material Handling Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

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.

North America Automated Material Handling Market Segments Size & Growth:

North America automated material handling market size is projected to reach approximately $12,889.646 million by the end of 2024 with a CAGR of close to 8.15% from $7,884 million 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.

North America Automated Material Handling Market - 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

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 hampering the market growth.

North America 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 flexible automated systems,

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North America Automated Material Handling Market - 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

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