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Automated Material Handling Equipment Market Share, Key Players, Opportunity and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Automated Material Handling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global automated material handling equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Automated Material Handling Equipment Market?

The global automated material handling equipment market size reached US$ 37.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.

What is Automated Material Handling Equipment?

Automated material handling equipment are computerized devices or technologies that utilize robots instead of human labor. Their purpose is to handle materials and products by pulling, lifting, pushing, storing, and retrieving them. This equipment exhibits higher accuracy and precision in performing tasks, reducing the need for human intervention, and lowering operational costs. Automated material handling equipment contributes to increased throughput and ensures safety across various stages, including manufacturing, distribution, warehousing, consumption, and disposal of products and materials. They assist in activities such as forecasting, production planning, resource allocation, inventory control, after-sales support, and services, as well as flow and process management. Consequently, automated material handling equipment finds extensive applications across several sectors, including automotive, aviation, chemicals, semiconductor and electronics, e-commerce, food and beverages (F&B), healthcare, etc.

What are the Growth Prospects and Trends in the Automated Material Handling Equipment Market?

The primary factors driving the automated material handling equipment market include rapid industrialization, the emergence of the fourth industrial revolution or industry 4.0, and the expanding adoption of the internet-of-things IoT, artificial intelligence (AI), and radio-frequency identification (RFID) technologies. Furthermore, the growing employment of the product in the automotive, aerospace, and construction industry to modernize manufacturing processes, enhance flexibility in warehouse operations, and improve supply chain transparency is acting as another significant growth-inducing factor. Additionally, the rising focus of key players in the market on mergers and acquisitions activities, partnerships, and collaborations with other companies to introduce innovative products is also positively influencing the market growth. Apart from this, the emerging trend of remote working models, automation, and digitization of supply chains is expected to stimulate the automated material handling equipment market in the coming years.

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Who are the Key Players Operating in the Automated Material Handling Equipment Industry?

The report has also analysed the competitive landscape of the market with some of the key players.

  • 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
  • Viastore Systems GmbH.

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What is Included in Market Segmentation?

The report has categorized the market based on component, product, function, system type and end use industry.

Breakup by Component:

  • Hardware
  • Software
  • Services

Based on Product:

  • Conveyors and Sorting Systems
  • Automated Storage and Retrieval Systems
  • Robots
  • Automated Guided Vehicles
  • Others

Analysed by Function:

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

Breakup by System Type:

  • Unit Load
  • Bulk Load

Based on End Use Industry:

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

Regional Analysis:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key Highlights of The Report:                                                    

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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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.

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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.

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