Automated Material Handling Equipment Market by Type (Automated Storage & Retrieval System, Automated Conveyor & Sorting System, Automated Guided Vehicle), by System Load (Unit Load & Bulk Load), by Application (Assembly, Distribution, Transportation), by Industry (Retail & E-commerce, Automotive, Food & Beverages, Pharmaceutical, Semiconductors & Electronics), by North America (United States, Canada, Mexico), by Europe (Germany, France, Italy, Spain, United Kingdom, Netherlands, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), by South America (Brazil, Argentina, Rest of South America), by MEA (Middle East, Africa) Forecast 2024-2032
The Automated Material Handling Equipment Market size was valued at USD 35.80 USD Billion in 2023 and is projected to reach USD 130.54 USD Billion by 2032, exhibiting a CAGR of 20.3 % during the forecast period. Advanced material handling systems (AMHS) are computerized automatic systems which enable and handle movement, storage and manipulation of materials in manufacturing warehouses and distribution centers. These systems contain conveyors, automated guided vehicles, robotics, and sortation systems whose functions are to work at the same time to improve productivity, reduce labor cost and maintain safety. AMHS is asset-saving, timely-serving and seamless-integrated, being a key player of modern supply chain management and logistics. In material handling, different kinds of automation material equipment is used; these include bulk handling equipment, material handling robots, and automated guided vehicles (AGV). Companies are shifting towards the integration of automation and robotics because it reduces labor cost, human error and provide quality. Implementation of AI also drives the market because of the humanized way of providing answers which helps in decision making and improve productivity. Overall innovation and implementing the new technology are the key to staying competitive in the market.
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The report provides a comprehensive analysis of the Automated Material Handling Equipment Market, including market size, trends, growth catalysts, challenges, and key players. It also includes regional insights and an industry outlook to help stakeholders make informed decisions and capitalize on growth opportunities.
The Asia-Pacific region is expected to dominate the Automated Material Handling Equipment Market, with China and Japan as significant contributors. North America and Europe are other key regions driving market growth due to the high adoption of automation and technological advancements.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
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