Automated Material Handling Market size worth US$29.693 billion by 2029

Automated Material Handling Market

The automated material handling market is expected to expand at a CAGR of 7.10% over the projected period, from US$21.077 billion in 2024 to US$29.693 billion by 2029.

The automated material handling market includes the utilization of automated equipment, solutions, and software programs to exchange, store, and oversee heavy materials or products in a diverse facility like warehousing, manufacturing, or conveyance sites successfully. The objective of automated material handling is to extend efficiency, lower labor costs, and increase security in the storage and transfer of materials. These systems consolidate diverse advancements such as transports, robots, robotized storage locations, retrieval systems, and automated guided vehicles, among others. Moreover, they can be custom-made to fulfill the specific prerequisite of a particular facility, such as high-speed or handling capacity for sensitive or hazardous materials.

The automated material handling market is experiencing significant expansion during the forecasted period This growth is largely driven by the rise of e-commerce, which has increased the demand for efficient order fulfillment. Automation can manage high volumes of orders with greater speed and accuracy, addressing labor shortages and reducing reliance on manual labor, thus enhancing efficiency and cutting costs. Further, the advances in robotics, sensors, and artificial intelligence are making automated systems more affordable, reliable, and adaptable.

These systems can boost efficiency and productivity, resulting in higher throughput and lower costs. Furthermore, automation can enhance accuracy and precision, leading to better-quality products and less waste.

The market is witnessing diverse collaborations and innovative technological advancements, for instance, in May 2024, KION North America announced a non-exclusive strategic collaboration with Fox Robotics which focuses on KION in manufacturing and assembling work of FoxBot autonomous trailer loaders/unloaders (ATLs) at their Summerville facilities held in South Carolina.

Based on the type, the automated material handling market is divided into automated conveyor & sorting systems, automated storage and retrieval systems, and automated guided vehicles. Automated guided vehicles have an impact on the growth of the automated material handling market because they are flexible, adaptable, and have growing capabilities. They work well in different industries, like manufacturing, warehousing, healthcare, and retail. Businesses integrate automated guided vehicles with other automated systems to create complete material handling solutions. They also help cut labor costs, which leads to cost savings for the industry.

Based on the industry vertical, the automated material handling market is categorized into airport, manufacturing, healthcare, chemical, paper, food and beverage, warehousing, and others. More warehousing facilities utilize automated material handling which is expected to boost the market majorly. The automated equipment can do the heavy repetitive lifting that workers often do by hand, which can cause physical strain. Also, the rise in work-related injuries worldwide affects warehousing companies a lot. This leads to companies adopting automated material handling solutions, which have helped and pushed demand growth in the market.

Based on geography, the automated material handling market is extending majorly in the Europe region due to various variables. The European region has major companies that are using material handling solutions. The growing number of warehouses and logistics operations is likely to drive high demand in the market. Further, the European government supports automation in industries and technological advancements through its policies and initiatives. This will help the regional market grow leading to regional companies working towards launching new and advanced innovations leading to expansion in the automated material handling market.

As a part of the report, the major players operating in the automated material handling market that have been covered are BEUMER Group, Daifuku Co., Ltd., Honeywell Intelligrated, Dematic GMBH & Co. KG, Amazon Robotics, The Schaefer Group, Bosch Rexroth, Siemens AG, Toyota Industries Corporation, and Konecranes Plc.

View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/automated-material-handling-market

This analytics report segments the automated material handling market on the following basis:

  • By Type
    • Automated Conveyor & Sorting System
    • Automated Storage and Retrieval System
    • Automated Guided Vehicle
  • By Industry Vertical
    • Airport
    • Manufacturing
    • Healthcare
    • Chemical
    • Paper
    • Food and Beverage
    • Warehousing
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Taiwan
      • Others
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