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

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

Report Format: PDF+Excel | Report ID: SR112024A3678
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Market Overview:

The global automated material handling equipment market size reached US$ 39.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 69.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.

Report Attribute
 Key Statistics 
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 39.8 Billion
Market Forecast in 2032
US$ 69.5 Billion
Market Growth Rate 2024-2032 6.2%


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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automated material handling equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, product, function, system type and end use industry.

Breakup by Component:

  • Hardware
  • Software
  • Services
     

Breakup by Product:

Breakup by Function:

  • Assembling
  • Packaging
  • Storage
  • Transportation
  • Distribution
  • Others
     

Breakup by System Type:

  • Unit Load
  • Bulk Load
     

Breakup by End Use Industry:

  • Automotive
  • Chemicals
  • Aviation
  • Semiconductor and Electronics
  • E-Commerce
  • Food and Beverages
  • Healthcare
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

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.

Report Coverage:

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)

Key Questions Answered in This Report

The growing penetration of the Internet of Things (IoT), Artificial Intelligence (AI) and Radio Frequency Identification (RFID) technologies to reduce human intervention and improve logistics management is currently catalyzing the global automated material handling equipment market.

The sudden outbreak of COVID-19 pandemic has led to the rising adoption of automated material handling equipment by several organizations to improve customer service, shorten delivery time, and lower overall handling costs.

Based on the component, the global automated material handling equipment market can be segmented into hardware, software, and services. Currently, hardware holds the majority of the total market share.

Based on the product, the global automated material handling equipment market has been divided into conveyors and sorting systems, automated storage and retrieval systems, robots, automated guided vehicles, and others, where automated storage and retrieval systems currently exhibit a clear dominance in the market.

Based on the function, the global automated material handling equipment market can be categorized into assembling, packaging, storage, transportation, distribution, and others. Among these, storage accounts for the majority of the global market share.

Based on the system type, the global automated material handling equipment market has been segmented into unit load and bulk load. Currently, unit load accounts for the largest market share.

Based on the end use industry, the global automated material handling equipment market can be categorized into automotive, chemicals, aviation, semiconductor and electronics, e-commerce, food and beverages, healthcare, and others. Among these, the automotive industry currently exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
 

Some of the major players in the global automated material handling equipment market 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.

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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
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