Automated Material Handling Market Value By Product (AGV, Robots, Cranes, ASRS, Conveyors and Sortation Systems, WMS), By System Type (Bulk Load, Unit Load), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Industry Analysis, Share & Forecast, 2023 - 2032

Market Overview:

Automated Material Handling Market size exceeded USD 27.7 Billion in 2022 and is expected to showcase a CAGR of over 9.2% from 2023 to 2032. By the end of the forecast period, the market is anticipated to surpass more than USD 67.15 Billion.

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The automated material handling market refers to the use of automated systems to move, control, and protect materials in manufacturing, warehousing, and distribution applications. The AMH market is a rapidly growing industry, driven by the increasing demand for efficient and cost-effective material handling solutions. 

The automated material handling (AMH) market can be divided into various segments such as robots, conveyor systems, automated storage and retrieval systems (ASRS), automated guided vehicles (AGVs), and others. Robots, such as articulated robots and mobile robots, are used for material handling tasks like palletizing, depalletizing, and order picking. Conveyor systems are used for transporting materials within a facility. ASRS systems are used for the storage and retrieval of materials, while AGVs are used for the transportation of materials from one location to another. 

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The demand for automated material handling solutions is being driven by several factors such as the need for increased efficiency, reduced labor costs, and the need for faster delivery times. The rise of e-commerce and the growth of the manufacturing industry are also key drivers of the AMH market. Additionally, the adoption of Industry 4.0 and the Internet of Things (IoT) are expected to fuel the growth of the AMH market in the future. 

The AMH market is highly competitive, with many established players and new entrants vying for market share. The AMH market is a growing industry that provides efficient and cost-effective solutions for material handling in various industries. The market is expected to continue to grow in the future due to the demand for increased efficiency and automation in material handling processes.

Growth Factors: 

Increasing Demand for Efficiency: One of the primary drivers of the automated material handling market is the need for increased efficiency in material handling processes. Automated systems are designed to improve the speed, accuracy, and efficiency of material handling tasks, reducing the time required to move goods from one place to another. 

Growth of the Manufacturing Industry: The growth of the manufacturing industry is also a driver of the AMH market. As the manufacturing industry continues to grow, there is an increasing demand for automated material handling systems to move goods within facilities.

Cost-Effective Solutions: Automated systems also offer cost-effective solutions to material handling challenges. They reduce the need for manual labor, which can be expensive and can increase the risk of injury. Automated systems also reduce the risk of damage to goods during transportation, reducing the cost of replacing damaged goods.

Growth of E-commerce: The growth of e-commerce has led to an increase in the demand for automated material handling systems. With the rise of online shopping, there is a need for fast and efficient material handling systems to fulfill orders quickly and accurately.

Restraining Factors: 

High Initial Investment: One of the primary restraints of the automated material handling market is the high initial investment required for the implementation of automated systems. This can be a significant barrier for small and medium-sized enterprises (SMEs) that may not have the financial resources to invest in automated systems.

By System Type Synopsys: 

Among the system type, bulk load systems is one of the prominent segment in the market in 2022. This system is designed to move large quantities of materials, such as raw materials, grains, and minerals, in a continuous flow. These systems are typically used in industries such as mining, agriculture, and construction. Automated Bulk Load systems include conveyor systems, cranes, and loaders. Unit Load systems, on the other hand, are designed to move individual items, such as pallets, boxes, or cartons, within a facility. 

These systems are used in a wide range of industries, including retail, manufacturing, and distribution. Automated Unit Load systems include Automated Storage and Retrieval Systems (ASRS), Automatic Guided Vehicles (AGVs), and robotic palletizing and depalletizing systems. 

The bulk load automated material handling market is slated to experience steady growth in the coming years, driven by the increasing demand for efficient and cost-effective material handling solutions in industries such as mining and construction. The Unit Load segment of the AMH market is expected to experience significant growth, driven by the rise of e-commerce and the need for fast and efficient order fulfillment processes.

Regional Overview:

The Asia Pacific region is expected to hold the largest share in the automated material handling market over the forecast period, driven by the growth of the manufacturing industry and the rise of e-commerce. China is the largest market for AMH systems in the region, followed by Japan and South Korea.

The North American region is a significant market for AMH systems due to the presence of large manufacturing industries and a highly developed logistics and distribution network. The United States is the largest market for AMH systems in the region, driven by the growth of e-commerce and the need for efficient material handling systems.
Europe is another significant market for automated material handling systems, driven by the growth of the manufacturing and automotive industries. Germany is the largest market for AMH systems in Europe, with a highly developed logistics and distribution network and a focus on Industry 4.0.

Key Development:

• In December 2021 – KION Group established a new forklift truck manufacturing facility in China to provide supply chain solutions. The Jinan plant has a capacity of about 140 million for future production of supply chain solutions and industrial trucks.
   
• In March 2022 – Toyota Industries Corporation revealed its plan to acquire Viastore, a Logistics System Integrator located in Germany, in order to strengthen its Logistics Solutions Business.

Top companies includes in the global automated material handling market:

• Honeywell International
• Toyota Industries
• KION
• Daifuku
• SSI Schaefer
• Kardex Group
• JBT Corporation
• Jungheinrich AG
• Dematic
• Others

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In-depth analysis of automated material handling market along with industry coverage and forecasting for the following segments:

Market Value, By Product

• AGV
• Robots
• Cranes
• ASRS
• Conveyors 
• Sortation Systems 
• WMS

Market Value, By System Type

• Bulk Load 
• Unit Load

Market Value, By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America