Automated Material Handling Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2024 – 2032

Automated Material Handling Equipment Market Size

Automated Material Handling Equipment Market is estimated to grow rapidly from 2024 to 2032, driven by the rapid growth of e-commerce. According to statistics, the global number of digital buyers has grown steadily, increasing from 1.32 billion in 2014 to over 2.64 billion by the end of 2023. As e-commerce businesses strive to meet the escalating demands of online consumers, there is an urgent need for efficient and scalable fulfillment solutions.
 

Automated systems, such as conveyor systems, robotic picking systems, and automated storage and retrieval systems (AS/RS) have emerged as indispensable tools for e-commerce companies. These advanced solutions enable businesses to handle large volumes of orders swiftly and accurately for facilitating seamless order processing and fulfillment operations, subsequently enhancing their market appeal.
 

Automated Material Handling Equipment Market Trends

The industry is further expected to witness substantial growth with the widespread adoption of autonomous vehicles, including automated guided vehicles (AGVs) and autonomous mobile robots (AMRs) across diverse industries. These vehicles are highly preferred for their ability to provide increased flexibility, scalability, and safety in material handling operations. With ongoing advancements in navigation and sensing technologies, autonomous vehicles are enhancing their capabilities to navigate intricate warehouse environments. Additionally, these vehicles integrate easily with human workers for facilitating smoother collaboration for further improving operational efficiency.
 

Automated Material Handling Equipment Market Analysis

The industry valuation from the automated guided vehicles (AGVs) type segment is set to gain traction by 2032. AGVs are equipped with sensors and navigation systems that allow them to navigate safely and efficiently through the facility, without the need for human intervention. AGVs also offer several benefits, including increased efficiency, reduced labor costs, and improved safety, making them a popular choice for businesses looking to automate their material handling processes.
 

Automated material handling equipment market from the packaging application segment is poised to grow robustly by 2032, owing to vitality in the logistics and supply chain process for ensuring that products are safely transported from the manufacturing facility to the end customer. Automated material handling equipment can streamline the packaging process by automating tasks, such as sorting, packing, and labeling, resulting in faster throughput times and reduced errors. Additionally, these devices help businesses meet the growing demand for e-commerce fulfillment, where speed and accuracy are essential for customer satisfaction.
 

Asia Pacific automated material handling equipment market is anticipated to grow at a decent pace till 2032. The swift adoption of advanced automation technologies in countries, such as China, Japan, and South Korea is leading to enhanced manufacturing and logistics capabilities. The rapid expansion of e-commerce is fueling the product demand, as businesses seek to optimize fulfillment operations for online consumers. Additionally, government initiatives for promoting automation and increasing manufacturing efficiency will further propel the market growth across the region.
 

Automated Material Handling Equipment Market Share

Major key participants in the automated material handling equipment industry include:

• Daifuku Co., Ltd
• Fives Group (Novafives S.A.S)
• Hyster-Yale Materials Handling, Inc. (NACCO Industries)
• KUKA AG (Midea Group, GD Midea Holding)
• BEUMER Group GmbH & Co. KG
• Murata Machinery
• Schaefer Systems International, Inc. (Fritz Schafer GmbH)
• TGW Logistics Group
• Intelligrated, Inc. (Honeywell International)
   

These players are adopting various strategies to enhance product capability and expand their manufacturing facilities to achieve economies of scale.
 

Automated Material Handling Equipment Industry News

In 2023, SSI Schaefer Group acquired DS Automotion, a top provider of mobile robotics like AGVs and autonomous mobile robots, to expand its ownership and enhance its presence in the growing field of autonomous and mobile robotics in intralogistics.

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