WASHINGTON, April 11, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Automated Material Handling Equipment Market finds that the increase in wide spread of COVID-19 pandemic is expediting market growth. Primarily driven by rising technological advancements and burgeoning demand for automated solutions, the total Global Automated Material Handling Equipment Market is estimated to reach USD 44.33 Billion by 2028.
The Global Market accounted for a revenue of USD 26.28 Billion in the year 2021, and is expected to exhibit a Compound Annual Growth Rate (CAGR) of 9.1%.
Furthermore, the growing consumption of online video content across the globe are also anticipated to augment the growth of the Global Automated Material Handling Equipment Market, states Vantage Market Research, in a report, titled “Automated Material Handling Equipment Market Size, Share & Trends Analysis Report by Product (Robots, ASRS, Conveyors & Sortation Systems, Cranes), by System Type (Unit Load Material Handling, Bulk Load Material Handling), by Vertical (Automotive, Metals & Heavy Machinery, Food & Beverages, Chemicals), by Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).”
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Market Dynamics:
Wide Spread of COVID-19 Pandemic to Compel Automation in the Operations
The E-commerce industry across the globe was booming even before the COVID-19 pandemic, but since 2020 it has witnessed immense growth in B2C and B2B sectors. This is accredited to the enormous increase in the number of online shopping transactions following the breakout of COVID-19. Consumer preferences are ever-changing and have turned to internet purchasing as a result of the COVID-19 pandemic's implementation of social distancing rules, lockdowns, and other precautions. Business-to-consumer (B2C) and business-to-business (B2B) e-commerce have risen dramatically as a result of this. Online sales of medications, household items, and food have all seen an upsurge in B2C sales. However, such rapid expansion in the e-commerce industry has put enormous pressure on companies to acquire and deliver a large number of products in a short period of time. As a result, e-commerce players are expected to automate their operations in order to maintain efficiency and accuracy.
Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Automated Material Handling Equipment market is predicted to grow at a CAGR of roughly 9.1% during the forecast period.
- The Automated Material Handling Equipment market was estimated to be worth roughly USD 26.28 Billion in 2021 and is expected to reach USD 44.33 Billion by 2028; based on primary research.
- On the basis of region, Asia Pacific is projected to dominate the worldwide Automated Material Handling Equipment market.
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Segmentation of Automated Material Handling Equipment Market:
By Product-(Revenue- USD Million, 2016-2028)
- Robots
- ASRS
- Conveyors & Sortation Systems
- Cranes
- WMS
- AGV
By System type-(Revenue- USD Million, 2016-2028)
- Unit Load Material Handling
- Bulk Load Material Handling
By Vertical-(Revenue- USD Million, 2016-2028)
- Automotive
- Metals & Heavy Machinery
- Food & Beverages
- Chemicals
- Healthcare
- 3PL
- Semiconductors & Electronics
- Aviation
- E-Commerce
- Others
By Region- (Revenue- USD Million, 2016-2028)
North America-
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Norway
- Sweden
- Russia
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- Turkey
- Qatar
- UAE
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Advancing Technology and Burgeoning Demand for Automated Solutions to Promote Market Growth
The rising spread of Industry 4.0, IoT, and industrial automation simplifies the integration of automated equipment into the systems and is expected to create lucrative opportunities for companies to adopt automated material handling systems. Manufacturing needs for a wide range of components and final product assemblies have expanded as a result of the growth of new markets. In order to keep track of manufacturing requirements, this increased demand required increased speed and changes in how materials and tools were handled and transported. With these changes and demands for manufacturing to meet the company's objectives, there was also pressure for expansion and a lack of tolerance among forklift operators, because the job did not always flow smoothly and efficiently. Furthermore, forklift maintenance costs are rising; necessitating sometimes exorbitant spending that put the budget in jeopardy. Forklift operators' unhappiness and demonization are well-known, and there is a rise in the number of collisions between the machines. Automated material handling systems brought an opportunity to optimize the handling process with more accuracy, timely management, and lower ownership/operating costs.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the machinery industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
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The report on Automated Material Handling Equipment Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
Asia Pacific to Dominate the Global Automated Material Handling Equipment Market
Asia Pacific has dominated the Global Automated Material Handling Equipment Market in 2021 and is likely to continue the same trend during the forecast period. The US dominated the North America region in 2021. This is attributable to the increasing sales via the e-commerce sector in the region. Furthermore, the growing demand for durable and nondurable goods are also anticipated to encourage the adoption of automation in material handling.
Asia Pacific is expected to grow at a fastest CAGR during the forecast period. This is attributable to the rising awareness related to warehouse automation in economies such as China and India owing to the growing population in the region. Additionally, the increase in emphasis of the leading economies on robotics and automation along with growing e-commerce, automotive, food & beverages, and healthcare industries is also expected to support the regional growth of the market in near future.
List of Prominent Players in the Automated Material Handling Equipment Market:
- Daifuku
- KION
- SSI Schaefer
- Toyota industries
- Honeywell International
- Hyster-Yale material handling
- Jungheinrich
- Hanwha
- JBT
- Kuka
- Beumer
- KNAPP
- Murata machinery
- TGW Logistics
- Viastore
- Addverb Technologies
- Autocrib
- Automation logistics
- Avancon
- Ferreto
- Grabit
- Invata intralogistics
- Invia robotics
- Locus robotics
- Meiden America
Browse market data Tables and Figures spread through 142 Pages and in-depth TOC on "Automated Material Handling Equipment Market Size, Share & Trends Analysis Report by Product (Robots, ASRS, Conveyors & Sortation Systems, Cranes), by System Type (Unit Load Material Handling, Bulk Load Material Handling), by Vertical (Automotive, Metals & Heavy Machinery, Food & Beverages, Chemicals), by Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/automated-material-handling-equipment-market-065445
Recent Developments:
November, 2021: Daifuku Co., Ltd. and Germany-based AFT Industries AG announced an agreement to form a business partnership aimed at leveraging the material handling expertise of both companies in the automotive industry. Daifuku and AFT will use this mutually beneficial business partnership as a way globally to open channels and secure growing demand and investment from automotive manufacturers for material handling systems.
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Automated Material Handling Equipment Market?
- How will the Automated Material Handling Equipment Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Automated Material Handling Equipment Market?
- What is the Automated Material Handling Equipment market drivers and restrictions?
- What will be the CAGR and size of the Automated Material Handling Equipment Market throughout the forecast period?
This market titled “Automated Material Handling Equipment Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Parameter | Details |
| Market Size Provided for Years | 2016-2028 |
| Base Year | 2021 |
| Historic Years | 2016-2020 |
| Forecast Years | 2022-2028 |
| Segments Covered | • Product ° Robots ° ASRS ° Conveyors & Sortation Systems ° Cranes ° WMS ° AGV • System Type ° Unit Load Material Handling ° Bulk Load Material Handling • Vertical ° Automotive ° Metals & Heavy Machinery ° Food & Beverages ° Chemicals ° Healthcare ° 3PL ° Semiconductors & Electronics ° Aviation ° E-Commerce ° Others • Region ° North America ° Asia Pacific ° Europe ° Latin America ° Middle East & Africa |
| Region & Counties Covered | • North America ° U.S. ° Canada ° Mexico • Europe ° U.K ° France ° Germany ° Italy ° Spain ° Rest Of Europe • Asia Pacific ° China ° Japan ° India ° South Korea ° South East Asia ° Rest Of Asia Pacific • Latin America ° Brazil ° Argentina ° Rest Of Latin America • Middle East & Africa ° GCC Countries ° South Africa ° Rest Of Middle East & Africa |
| Companies Covered | • Daifuku • KION • SSI Schaefer • Toyota industries • Honeywell International • Hyster-Yale material handling • Jungheinrich • Hanwha • JBT • Kuka • Beumer • KNAPP • Murata machinery • TGW Logistics • Viastore • Addverb Technologies • Autocrib • Automation logistics • Avancon • Ferreto • Grabit • Invata intralogistics • Invia robotics • Locus robotics • Meiden America |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
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