Neha neha's blog : Automated Material Handling Equipment Market Revenue, Sales Volume 2030
Automated Material Handling Equipment Market
The Automated
Material Handling Equipment Market refers to the industry involved in the
production, sale, and implementation of machinery and systems designed to
automate the movement, storage, and control of materials within a manufacturing
or distribution facility. This market encompasses a wide range of equipment and
technologies, including conveyors, robots, automated guided vehicles (AGVs),
sortation systems, automated storage and retrieval systems (AS/RS), and other
related solutions.
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Automated material handling equipment is used in various
industries, including automotive, e-commerce, food and beverage,
pharmaceuticals, logistics, and more. The primary goal of these systems is to
improve efficiency, increase productivity, reduce labor costs, enhance safety,
and optimize overall operations within a facility.
Material handling involves a wide range of activities,
including movement, protection, storage and control, which are performed during
manufacturing, warehousing, distribution, consumption and disposal of products
and materials. It is nowadays commonly conducted using automated material
handling equipment to reduce human intervention and improve logistics
management. It also helps in forecasting, production planning, resource
allocation, inventory control, flow and process management, and after-sales
support and services. Consequently, several organizations are relying on
automated handling equipment to improve customer service, reduce inventory,
shorten delivery time and lower overall handling costs.
Rapid industrialization, the emergence of the Fourth Industrial
Revolution (Industry 4.0) and the widespread adoption of the internet of things
(IoT), artificial intelligence (AI) and radio frequency identification (RFID)
technologies are among the major factors spurring the market growth. Apart from
this, due to the substantial rise in the aerospace, agriculture, automotive and
construction industries, leading companies in these sectors are utilizing
next-generation automated material handling equipment to modernize
manufacturing processes, increase flexibility in warehouse operations and
enhance transparency in the supply chain. Moreover, key players are emphasizing
on mergers and acquisitions (M&A), collaborations and partnerships with
other companies to introduce innovative products. Furthermore, on account of the
coronavirus disease (COVID-19) outbreak, implementation of social distancing
rules by governing agencies and the rising adoption of remote working models,
these players are also focusing on automating and digitizing the supply chains.
This, in turn, is expected to provide a positive impact on the market growth.
Market Analysis and Size
Automated material handling equipment have taken a crucial
role in numerous manufacturing industries throughout the globe. Industries are
continuously emphasizing their ‘all under one roof’ policy while enhancing
production capacity. These material handling equipment are ideal for
distribution, and storage, waste handling.
Global Automated Material Handling Equipment Market was
valued at USD 28.20 billion in 2021 and is expected to reach USD 56.81 billion
by 2030, registering a CAGR of 10.09% during the forecast period of 2022-2030.
Unit Load Material Handling Systems is expected to witness significant growth
in the system type segments of the market owing to the surge in demand for
automated material handling equipment in the e-commerce industry. In addition
to the market insights such as market value, growth rate, market segments,
geographical coverage, market players, and market scenario, the market report
curated by the Data Bridge Market Research team also includes in-depth expert
analysis, import/export analysis, pricing analysis, production consumption
analysis, and pestle analysis.
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https://www.vertexbusinessinsights.com/main_report/49/automated-material-handling-equipment-market
Automated Material Handling Equipment Market segmentation
By Product Type
Automated guided vehicle
Automated storage and retrieval system
Automated crane
Robotic system
Automatic conveyor and sortation system
By System Type
Unit load material handling system
Bulk load material handling system
By Component
Hardware
Software
Services
By Application
Assembly
Packaging
Transportation
Distribution
Storage
Waste Handling
By Industry Vertical
Automotive
Chemical, rubber & plastic
Aviation
Semiconductors & electronics
E-commerce
Food & Beverages
Healthcare
Others(energy, metal, and heavy machinery)
Competitive Landscape:
The report has also analysed the competitive landscape of
the market with some of the key players being BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Honeywell
International Inc., JBT Corporation, Kion Group AG, KNAPP AG, KUKA
Aktiengesellschaft (Midea Group Co. Ltd.), Murata Machinery Ltd., TGW Logistics
Group GmbH, Toyota Industries Corporation and Viastore Systems GmbH.
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