Automated Material Handling Market size is predicted to experience tremendous growth in the near future. Our research indicates that the market was crossed over USD 27.7 Billion in 2022 and is projected to record more than 9.2% growth rate from 2023 - 2032, reaching a valuation of approximately USD 67.15 Billion by the end of the forecast period.
The COVID-19 pandemic has had a tremendous impact on the world, causing immense human suffering, economic damage, and significant changes to the health, social, and environmental sectors. According to WHO, as of December 31, 2020, over 82 million people have been infected and 1.8 million have died from the virus. Supply chain management has struggled with the sudden increase in demand for certain products and the restrictions on travel and production that have been in place since the pandemic began. Companies are trying to adapt to the new reality, and changes that will persist after the pandemic is over are likely to emerge.
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Furthermore, the resilience challenge has been addressed in distinctly different ways by various industries. Healthcare providers stand out as resilience leaders, as 60% of healthcare respondents have regionalized their supply chains and 33% have relocated production closer to end markets.
Market Value Insights conducted a comprehensive analysis of the Automated Material Handling Market, utilizing a 360-degree approach that combines both primary and secondary research methods. This approach allowed us to gain a deep understanding of the current market conditions, including the supply-demand balance, pricing trends, customer preferences, and other important factors.
Our primary research involved collecting insights from industry experts and opinion leaders from around the world, allowing us to validate our findings and gain a broader perspective of the market. To ensure the accuracy and reliability of our data, we employed various market estimation and data validation techniques and developed a proprietary model to forecast market growth until 2032. By using these research methods, we provide our clients with a comprehensive understanding of the Automated Material Handling Market, allowing them to make informed business decisions and stay ahead of the competition.
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The North America region is expected to account for XX% of the global Automated Material Handling Market by 2032, due to the presence of major players in the region and the adoption of advanced technologies. The United States, which is the most technologically advanced and industrially developed country in the region, accounts for more than half of the North America market.
The Asia Pacific Automated Material Handling Market is projected to achieve a CAGR of XX% during the forecast period, driven by favorable government regulations and increasing industrialization in the region. The growth of economies such as China and India is expected to contribute to the growth of the market over the forecast period.
Top players in the Automated Material Handling Market are
· Honeywell International
· Toyota Industries
· KION
· Daifuku
· SSI Schaefer
· Kardex Group
· JBT Corporation
· Jungheinrich AG
· Dematic
· Others
In-depth analysis of Automated Material Handling Market for the below segments:
· Product (AGV, Robots, Cranes, ASRS, Conveyors and Sortation Systems, WMS),
· System Type (Bulk Load, Unit Load),
· Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
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Market Overview Market Research Future (MRFR) highlights in its latest research report that the global automated material handling market 2020 is projected to rise tremendously over the review period, achieving a significant market valuation and a substantial CAGR over the review period.Drivers and RestraintsSuch equipment has evolved rapidly in recent years, with the adoption of technology has undergone many significant transformations.
Clearly, producers are the driving forces for making such improvements happen.
Taking into account the three goals, they have set up a variety of automated equipment such as cranes, conveyors, elevators, lift and lift truck track cranes, stackers, bridge cranes and monorails, port cranes and helicopter lifts, etc.
In this field, technical advances have slowly taken advantage of practical and cost-effective approaches leading to the automation of such equipment.
These innovations have unprecedentedly accompanied their market value, making these devices accessible and widely adopted.Competitive AnalysisThe major market players operating in the global market as acknowledged by MRFR are Daifuku Co. Ltd (Japan), Schaefer Holding International (Germany), Murata Machinery (Japan), Dematic (U.S.), Mecalux (Spain), Vanderlande Industries (U.S.), Swisslog AG (Switzerland), BEUMER Group (Germany), Kardex (Switzerland), Intelligrated (U.S.), among others.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1029Segmental AnalysisSegmentation by Operation has been done into storage & transportation, assembly, waste management, Packaging & distribution, among others.Segmentation by Software & Services comprises Services- (training, Maintenance & Repairs, and software up-gradation), Software (WMS- Warehouse management system, and TMS- Transportation management system).Segmentation by Application includes healthcare, foods & beverages, automotive, e-commerce, chemicals, semiconductors, aviation, and electronics, among others.Segmentation by Automated Equipment comprises automated cranes, Automated guided vehicles, robotics systems, conveyors, automated storage and retrieval system, among others.Regional OutlookThe global market geographic synopsis was analyzed in four major regions, including North America, Europe, Asia Pacific and the rest of the world.The Asia-Pacific region dominates the Automated Material Handling industry because of the presence of numerous manufacturing plants in the various countries in the region.
Most of the APAC nations are in their phase of development and are thus open to foreign investors, thereby enabling the production unit in these countries to be accessible to multidomain international players.
Market OverviewIn its new research report, Market Research Future (MRFR), highlights that the global automated material handling market 2020 is expected to grow exponentially over the review period, securing a considerable market valuation and a substantial CAGR over the review period.Get Free Sample Report:https://www.marketresearchfuture.com/sample_request/1029Drivers and RestraintsSuch equipment has grown dramatically over the last few years, experiencing several notable transformations with the introduction of technology.
Technological developments that prevailed in this sector have gradually taken advantage of functional and cost-effective approaches leading to the automation of these equipment.
These innovations have accompanied their market value to an unprecedented level, making these devices popular and widely adopted.Other factors that contribute to the growth of the market include rising automation across production industries.
In addition to factors such as continuous technical progress, the modernization of the manufacturing plants, and the expansion of the industrial base in developing countries, Automated Material Handling equipment is providing fuel for business development.Industrial Internet of Things (IIoT) proliferation driven by new automation projects pursued by manufacturers moving towards Industry 4.0 revolution has shaped business growth, enhancing their operations.
Extensive analytics take-up will allow the industry to experience a tremendous change in the coming years.Segmental AnalysisSegmentation by Operation: storage & transportation, Packaging & distribution, assembly, waste management, among others.Segmentation by Software & Services comprises Services- (Maintenance & repairs, training, and software up-gradation), Software (TMS- Transportation management system, WMS- Warehouse management system).Segmentation by Application includes e-commerce, foods & beverages, healthcare, automotive, chemicals, aviation, semiconductors, and electronics, among others.Segmentation by Automated Equipment comprises Automated guided vehicles, automated cranes, robotics systems, automated storage and retrieval system, conveyors, among others.Regional Analysis The geographical synopsis of the global market has been analyzed in four major regions, including North America, Europe, the Asia Pacific, and the rest of the world.Due to the presence of numerous manufacturing plants in the various countries in the region, the Asia-Pacific region dominates the Automated Material Handling industry.
The Asia-Pacific region is also expected to grow substantially in the Power Quality Equipment (PQE) space.
