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Automated Material Handling Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI4277

Automated Material Handling Equipment Market size is likely to propel from 2023 to 2032, driven by the rising labor costs and escalating demand for warehouse automation. Additionally, an upsurge in the consumer electronic sales worldwide would push the market statistics through the coming years. According to a report by Deloitte, the consumer electronics sales accounted for USD 881 billion in 2021 worldwide.

With the increasing production and consumption of electronics devices, the demand for warehouse automation to improve inventory management, customer service, reduce product delivery time, and lower handling costs in manufacturing and distribution will grow, further influencing the market prospects.

The automated material handling equipment market is expected to observe stagnant growth on account of the high operational and maintenance costs associated. Besides, regulatory norms related to workplace safety around the use of such products would impact the industry progression in the coming years.

Emergence of advanced technologies including AI, machine learning, robotics, and IoT, is further likely offer lucrative market growth opportunities during 2023-2032. The systems equipped with latest technologies provide smooth & real-time order picking in manufacturing processes and help businesses to speed up their material handling processes.

The automated material handling equipment market is speculated to amass considerable gains from the automated guided vehicles (AGV) segment by 2032. The implementation of AGVs in distribution centers enables industries to process high volumes of repetitive movements of material, resulting in higher throughput. Such systems allow vehicles to make routing decisions based on the real-time feedback of environment conditions along with the ease of navigational adjustments. Ongoing product innovations in AGV business space would open new development avenues for the industry players in the near future.

To illustrate, GAUSSIN, in 2022, unveiled the world’s first hydrogen-powered fuel cell automated guided vehicles specifically designed for ports application.

In terms of application, the packaging segment is slated to account for considerable returns over 2023-2032. Manufacturers in industries, such as food & beverages, healthcare, e-commerce, and chemicals, are implementing automated packaging equipment for quick order delivery to consumers. These systems provide optimum product protection during the process and enhance the quality of packaging. Moreover, the equipment optimizes the packaging of small, large, and delicate products with high speed along with eliminating the risks of human errors.

Considering the end-use, the automated material handling equipment market demand would come from the thriving e-commerce industry. With the mounting inclination toward online shopping, rapidly changing customer demands, and fierce competition among online retailing companies, the need for fast, accurate, and efficient customer service for product delivery is increasing. Retailers are implementing automated handling systems to increase product throughput, reduce order errors, and achieve maximum efficiencies from handling & sorting processes. Moreover, the rising demand for automated pick & place robots in logistics is contributing to the material handling equipment market demand.

From the regional viewpoint, Asia Pacific automated material handling equipment market is expected to witness high growth through 2032. The increasing development of the manufacturing sector across various industries, such as automotive, metals & heavy machinery, and consumer electronics, has led to significant growth prospects in the region. Rising government initiatives for promoting warehouse automation in countries including China and India are contributing to the larger revenue share.

Moreover, manufacturers in the region are expanding their production capabilities to boost their geographical reach. For instance, Japan-based Daifuku lately announced an investment of USD 5.4 million for setting up a manufacturing unit in India. The facility would offer intra-logistics equipment including automated storage and retrieval systems, conveyors, and more.

The key participants in the automated material handling equipment market include BEUMER Group GmbH & Co. KG, Daifuku Co., Ltd, Hyster-Yale Materials Handling, Inc. (NACCO Industries), Fives Group (Novafives S.A.S), KUKA AG (Midea Group, GD Midea Holding), KNAPP Group, Kion Group AG, Murata Machinery, Schaefer Systems International, Inc. (Fritz Schafer GmbH), TGW Logistics Group, and Intelligrated, Inc. (Honeywell International). These players are adopting various strategies to enhance product capability and expand their manufacturing facility to achieve economies of scale. Along with the leading behemoths, new entrants in the market are also leaving no stone unturned to enhance their business profitability.

Citing an example, Kulicke and Soffa declared opening a strategic partnership with LeYu Precision to deliver production-proven automated material handling systems.

Analyzing the impact of inflation on automated material handling equipment industry

Inflation is projected to severely impact the manufacturing sector, driven by increasing raw material prices and equipment costs. This would eventually urge automated material handling equipment market behemoths to increase the product prices, leading to adverse impact on the business sales and revenue shares.

This automated material handling equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:

Market, By Product

  • Robots
    • Fixed Robots
    • Mobile Robots
  • Automated Storage & Retrieval Systems (ASRS)
    • Unit load
    • Mini load
  • Automated conveyor & sortation systems
  • Automated Guided Vehicles (AGV)
  • Cranes

Market, By Application

  • Assembly
  • Sorting
  • Labelling
  • Packaging
  • Transportation
  • Distribution
  • Storage

Market, By End-Use

  • Consumer electronics
  • 3PL
  • E-Commerce
  • Food & beverage
  • Healthcare
  • Chemical
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa

What Information does this report contain?

Historical data coverage: 2018 to 2022; Growth Projections: 2023 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Preeti Wadhwani

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