Global Automated Material Handling Equipment Market to Reach US$ 69.5 Billion by 2032, Propelled by Escalating Demand for Warehouse Automation

November 30, 2022 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled “Automated Material Handling Equipment Market by Component (Hardware, Software, Services), Product (Conveyors and Sorting Systems, Automated Storage and Retrieval Systems, Robots, Automated Guided Vehicles, and Others), Function (Assembling, Packaging, Storage, Transportation, Distribution, and Others), System Type (Unit Load, Bulk Load), End Use Industry (Automotive, Chemicals, Aviation, Semiconductor and Electronics, E-Commerce, Food and Beverages, Healthcare, and Others), and Region 2024-2032”, the global automated material handling equipment market size reached US$ 39.8 Billion in 2023. Automated material handling equipment refer to the devices or technologies that are computerized and use robots instead of any human labor. They are used to pull, lift, push, store and retrieve materials and products. These devices perform tasks with higher accuracy and precision and help reduce human intervention and operational costs, thus resulting in improved logistics management. They provide increased throughput and ensure safety in manufacturing, warehousing, distribution, consumption, and disposal of products and materials. Additionally, they also help in forecasting, production planning, resource allocation, inventory control, after-sales support and services, and flow and process management. As a result, these pieces of equipment are extensively utilized in a wide range of end-use industries for smooth and real-time order picking, effective inventory usage and shortened delivery time.

Global Automated Material Handling Equipment Market Trends:

The global market is majorly driven by the rapid utilization of these devices in diverse packaging applications. This can be attributed to considerable growth in the e-commerce industry. In addition to the significant increase in the production and consumption of electronics, the demand for warehouse automation to reduce handling costs is also growing, which is propelling the market. With the rising number of logistics and shipments, e-commerce industry players are focusing on improving the quality of their services through sustainable development methods, thereby providing an impetus to the market. Moreover, the incorporation of advanced technologies, such as machine learning (ML), the internet of things (IoT), artificial intelligence (AI) and radio frequency identification (RFID) technologies, into material handling systems is creating a positive market outlook. Also, key players are adopting various strategies, such as mergers and acquisitions (M&A), collaborations and partnerships with other companies, to enhance their geographical presence. Furthermore, the introduction of innovative products like Automated Guided Vehicles (AGV) in distribution centers, along with widespread digitization in manufacturing processes, is also acting as a significant growth-inducing factor for the market. Some of the other factors contributing to the market include rapid urbanization, the advent of Industry 4.0, and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 69.5 Billion by 2032, exhibiting a CAGR of 6.2% during 2024-2032.

Market Summary:

  • Based on the component, the market has been segmented into hardware, software, and services.
  • On the basis of the product, the market has been divided into conveyors and sorting systems, automated storage and retrieval systems, robots, automated guided vehicles, and others.
  • Based on the function, the market has been categorized into assembling, packaging, storage, transportation, distribution, and others.
  • On the basis of the system type, the market has been classified into unit load and bulk load.
  • Based on the function, the market has been divided into automotive, chemicals, aviation, semiconductor and electronics, e-commerce, food and beverages, healthcare, and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include 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.
     

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Product, Function, System Type, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Automated Material Handling Equipment Market to Reach US$ 69.5 Billion by 2032, Propelled by Escalating Demand for Warehouse Automation
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More