The Global Market for Automated Material Handling Equipment is Projected to Reach US$30.4 Billion by 2022

Focus on Manufacturing Competitiveness Drives Demand for Automated Material Handling Equipment, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Automated Material Handling Equipment market. The global market for Automated Material Handling Equipment is projected to reach US$30.4 billion by 2022, driven by the growing pressure to improve manufacturing efficiency and the ensuing expansion in the role played by automation technologies.

Material handling equipment finds widespread use in diverse industries for storage, control and movement of items. The quest for efficiency in the manufacturing and industrial sectors continues to grow strong against the backdrop of intensifying competition in the free market economy. Export-oriented industrialization in developing markets is exerting pressure on the manufacturing sector to remain competitive in globe trade by manufacturing high quality products at lower costs. Businesses are therefore adopting diverse technologies including automated material handling to simplify manufacturing processes, improve productivity, and reduce costs. Automated material handling focuses on eliminating manual labor for material handling operations such as moving, sorting, organizing and retrieving of materials. Reduced labor costs and improved working and safety conditions offered by such systems are factors positively influencing adoption patterns in the market.

Rapidly changing manufacturing landscape, consumer demand for greater product choices, and intense competition are pushing market players to adopt new technologies for process optimization. Technology trends like robotic automation, and smart factories/IIoT are fuelling the prominence of automated material handling technologies. Continuous growth in the number of manufacturing facilities worldwide, changing workforce demographics, increased emphasis on safe working conditions and increasing complexity of manual material handling are driving demand for automated material handling equipment. Demand is also favored by advancements in electronics and wireless technologies. In the long run, advanced technologies such as driverless vehicles, robotics, autonomous control and wearable computing are expected to drive the commercial value of automated material handling systems. In the coming years, growth will be driven by increased adoption in new emerging end-use markets such as personal care products and eCommerce. Increasing pressure on manufacturers to reduce lead times and improve delivery times, as retail outlets run leaner inventories will drive adoption of material handling systems in unexplored sectors. While automotive and metal & heavy machinery account for a major share of revenues in the market, growth is likely to be rapid in semiconductors & electronics and healthcare sectors.

As stated by the new market research report on Automated Material Handling Equipment, Europe represents the largest market, worldwide. Asia-Pacific is poised to record the fastest CAGR of 7.1% over the analysis period, led by growing Asian economies, expanding manufacturing sector, continuous rise in manufacturing output, and increased investments in upgrading the manufacturing infrastructure.

Major players covered in the report include Bastian Solutions, BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic GmbH & Co. KG, Hytrol Conveyor Co. Inc., Jungheinrich AG, Kardex AG, KION Group AG, Mecalux S.A, Murata Machinery Ltd., SSI SCHAEFER, Swisslog Holding AG, Toyota Industries Corporation, and Vanderlande Industries Nederland B.V., among others.

The research report titled “Automated Material Handling Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India, South Korea, Taiwan and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil, Mexico and Rest of Latin America). Product segments analyzed include Automated Storage & Retrieval Systems and Others.


Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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