PUBLISHER: IMARC | PRODUCT CODE: 1540822
PUBLISHER: IMARC | PRODUCT CODE: 1540822
Automated Material Handling Equipment Market by Component, Product, Function, System Type, End Use Industry, and Region 2024-2032
The global automated material handling equipment market size reached US$ 39.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 69.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.
Material handling involves a wide range of activities, including movement, protection, storage and control, which are performed during manufacturing, warehousing, distribution, consumption and disposal of products and materials. It is nowadays commonly conducted using automated material handling equipment to reduce human intervention and improve logistics management. It also helps in forecasting, production planning, resource allocation, inventory control, flow and process management, and after-sales support and services. Consequently, several organizations are relying on automated handling equipment to improve customer service, reduce inventory, shorten delivery time and lower overall handling costs.
Rapid industrialization, the emergence of the Fourth Industrial Revolution (Industry 4.0) and the widespread adoption of the internet of things (IoT), artificial intelligence (AI) and radio frequency identification (RFID) technologies are among the major factors spurring the market growth. Apart from this, due to the substantial rise in the aerospace, agriculture, automotive and construction industries, leading companies in these sectors are utilizing next-generation automated material handling equipment to modernize manufacturing processes, increase flexibility in warehouse operations and enhance transparency in the supply chain. Moreover, key players are emphasizing on mergers and acquisitions (M&A), collaborations and partnerships with other companies to introduce innovative products. Furthermore, on account of the coronavirus disease (COVID-19) outbreak, implementation of social distancing rules by governing agencies and the rising adoption of remote working models, these players are also focusing on automating and digitizing the supply chains. This, in turn, is expected to provide a positive impact on the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automated material handling equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, product, function, system type and end use industry.
Breakup by Component:
Hardware
Software
Services
Breakup by Product:
Conveyors and Sorting Systems
Automated Storage and Retrieval Systems
Robots
Automated Guided Vehicles
Others
Breakup by Function:
Breakup by System Type:
Breakup by End Use Industry:
Breakup by Region:
Competitive Landscape:
Key Questions Answered in This Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
3 Executive Summary
4 Introduction
5 Global Automated Material Handling Equipment Market
6 Market Breakup by Component
7 Market Breakup by Product
8 Market Breakup by Function
9 Market Breakup by System Type
10 Market Breakup by End Use Industry
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
List of Figures
- Figure 1: Global: Automated Material Handling Equipment Market: Major Drivers and Challenges
- Figure 2: Global: Automated Material Handling Equipment Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Automated Material Handling Equipment Market: Breakup by Component (in %), 2023
- Figure 4: Global: Automated Material Handling Equipment Market: Breakup by Product (in %), 2023
- Figure 5: Global: Automated Material Handling Equipment Market: Breakup by Function (in %), 2023
- Figure 6: Global: Automated Material Handling Equipment Market: Breakup by System Type (in %), 2023
- Figure 7: Global: Automated Material Handling Equipment Market: Breakup by End Use Industry (in %), 2023
- Figure 8: Global: Automated Material Handling Equipment Market: Breakup by Region (in %), 2023
- Figure 9: Global: Automated Material Handling Equipment Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 10: Global: Automated Material Handling Equipment (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Automated Material Handling Equipment (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Automated Material Handling Equipment (Software) Market: Sales Value (in Million US$), 2018 & 2023
List of Tables
