Automated Material Handling Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Automated Conveyor & Sorting System, Automated Storage And Retrieval System, Automated Guided Vehicle), By Industry Vertical (Airport, Manufacturing, Healthcare, Chemical, Paper, Food And Beverage, Warehousing, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jun 2023
- Report Code : KSI061610041
- Pages : 133
The automated material handling market is expected to grow at a CAGR of 7.17% from an initial value of US$28.769 billion in 2021 and is estimated to reach a market size of US$46.711 billion in 2028.
Automated material handling market refers to the use of automated systems, equipment, and software to move, store, and manage materials or products in a manufacturing, warehousing, or distribution facility efficiently and effectively. The goal of automated material handling is to improve productivity, reduce labour costs, and increase safety in the handling and storage of materials. These systems include various technologies such as conveyors, robots, automated storage and retrieval systems (AS/RS), automated guided vehicles (AGVs), and others. They can be customized to meet the specific needs of a particular facility, such as high-speed or heavy load capabilities, or the ability to handle delicate or hazardous materials. Automated material handling systems are widely used in manufacturing facilities to improve productivity, reduce labor costs, and enhance workplace safety. These systems can handle heavy loads and can be customized to meet the specific needs of the manufacturing process.
One of the key drivers is the increasing demand for e-commerce.
Online retailers require fast and accurate order fulfilment, which can only be achieved through efficient warehousing operations. Automated material handling systems, such as conveyor belts, automated storage and retrieval systems (AS/RS), and automated guided vehicles (AGVs), have become essential tools for achieving this goal.
Key Developments
- KION Group launched a new automated reach truck in 2021 that uses sensors and machine learning to improve the efficiency and safety of warehouse operations.
- in 2021, Alibaba, a major e-commerce company in China, launched a new "smart logistics hub" in Hainan province. The hub is equipped with a range of automated material handling systems, including robots, AGVs, and conveyor belts, to manage the high volume of orders generated by the company's e-commerce platform.
To increase flexibility and productivity, the British company, Lotus Cars Ltd. introduced a line of automated guided vehicles and robots in December 2021 in addition to other cutting-edge automation technologies like assembly lines. In order to reduce production downtime and increase operational effectiveness, it merged the production of steel sub-assemblies and aluminium chassis into a single facility.
Warehouses are a major end-user for these material handling systems, due to the rising demand for automation at these sites.
Automated material handling systems can help to reduce the risk of injury to human employees by handling heavy loads and repetitive tasks that may cause physical strain. As such, the rising employee count in the warehouse segment in several countries has a substantial impact on this segment. According to reports from the US Bureau of Labor, the employee count in the US warehousing sector increased from 16.9 million in 2020 to 23.3 million in 2022, seeing an increase of almost 41% in two years.
Additionally, the healthcare industry vertical includes hospitals, clinics, and medical device manufacturers. Automated material handling systems are used in these facilities to manage medical supplies and equipment, such as surgical instruments and pharmaceuticals. These systems can help improve patient care and safety by reducing the risk of errors in the handling and storage of medical materials. For instance, in 2022, McKesson Corporation, a leading healthcare services and technology company, announced that it had partnered with Swisslog Healthcare to launch a new automated material handling system called "MediCAB." This system uses advanced robotics and automation technologies to manage medications in hospital pharmacies, improving accuracy and safety in the medication dispensing process.
The European region is expected to show considerable growth.
Based on geography, the automated material handling market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific regions. The European region is expected to show considerable growth due to the growing deployment of material handling solutions along with the growing footprint of warehouses, which are expected to drive a high demand in the market. For instance, to increase flexibility and productivity, the British company, Lotus Cars Ltd. introduced a line of automated guided vehicles and robots in December 2021 in addition to other cutting-edge automation technologies like assembly lines. To reduce production downtime and increase operational effectiveness, it merged the production of steel sub-assemblies and aluminium chassis into a single facility. Such developments by major companies in automated material handling are thus expected to drive growth in the regional market.
Automated Material Handling Market Scope:
Report Metric | Details |
Market Size Value in 2021 | US$28.769 billion |
Market Size Value in 2028 | US$46.711 billion |
Growth Rate | CAGR of 7.17% from 2021 to 2028 |
Base Year | 2021 |
Forecast Period | 2023 – 2028 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Type, Industry Vertical, and Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | BEUMER Group, Daifuku Co., Ltd., Honeywell Intelligrated, Dematic GMBH & Co. KG, Amazon Robotics, The Schaefer Group, Bosch Rexroth, Siemens AG, Toyota Industries Corporation, Konecranes Plc |
Customization Scope | Free report customization with purchase |
Segmentation:
- By Type
- Automated Conveyor & Sorting System
- Automated Storage and Retrieval System
- Automated Guided Vehicle
- By Industry Vertical
- Airport
- Manufacturing
- Healthcare
- Chemical
- Paper
- Food and Beverage
- Warehousing
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Thailand
- Taiwan
- Others
- North America
Frequently Asked Questions (FAQs)
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. AUTOMATED MATERIAL HANDLING MARKET BY TYPE
5.1. Introduction
5.2. Automated Conveyor & Sorting System
5.3. Automated Storage and Retrieval System
5.4. Automated Guided Vehicle
6. AUTOMATED MATERIAL HANDLING MARKET BY INDUSTRY VERTICAL
6.1. Introduction
6.2. Airport
6.3. Manufacturing
6.4. Healthcare
6.5. Chemical
6.6. Paper
6.7. Food and Beverage
6.8. Warehousing
6.7. Others
7. AUTOMATED MATERIAL HANDLING MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1 USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. United Kingdom
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Others
7.5. The Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. Israel
7.5.3. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. Japan
7.6.3. India
7.6.4. South Korea
7.6.5. Indonesia
7.6.6. Thailand
7.6.7. Taiwan
7.6.8. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. BEUMER Group
9.2. Daifuku Co., Ltd.
9.3. Honeywell Intelligrated
9.4. Dematic GMBH & Co. KG
9.5. Amazon Robotics
9.6. The Schaefer Group
9.7. Bosch Rexroth
9.8. Siemens AG
9.9. Toyota Industries Corporation
9.10. Konecranes Plc
BEUMER Group
Daifuku Co., Ltd.
Honeywell Intelligrated
Amazon Robotics
The Schaefer Group
Bosch Rexroth
Siemens AG
Toyota Industries Corporation
Konecranes Plc
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