NEWARK, DE / ACCESSWIRE / February 6, 2023 / The global automated material handling systems market is expected to be valued at US$ 34 billion in 2023. The market is expected to register a CAGR of 9.2% between 2023 and 2033. By 2033, the valuation is expected to cross US$ 81.8 billion.
Automated material handling systems are an important component of the E-Commerce market. The material handling systems assist in transportation and handling the load. Based on market research, the E-Commerce market was valued at US$ 21 trillion in 2022 and is expected to grow at 19%. These figures present a huge opportunity in front of the market.
In the current times, there is a lot of emphases that is being laid on worker safety. The adoption of automated material handling systems ensures that materials worth hundreds of kilos can be transported seamlessly. This eliminates the risk of injury.
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The manufacturers are also making use of the latest technology in order to upgrade the existing systems. The introduction of Artificial Intelligence in the system is expected to surge efficiency. Moreover, the application of robots is expected to increase the output going further.
The usage of material handling systems also ensures that there are low levels of contamination. This helps the organization comply with the different standards set by the regulatory authorities.
The rapidly growing semiconductor market is also expected to surge the market growth during the forecast period. Material handling systems play a pivotal role in the assembly of electronic chips. The world is also witnessing the rise of industry 4.0, which is all about automation. This represents a plethora of prospects in front of the market.
However, the high cost of the equipment and availability of affordable alternatives is expected to plague the market growth.
Thus, the FMI researchers are of the view that the ‘rapidly surging E-commerce sector, assistance in worker safety, adoption of artificial intelligence, ensuring lower levels of contamination, and a number of other factors are expected to surge the automated material handling systems market growth during the forecast period.'
Key Takeaways:
- In 2023, the market value is expected to be at US$ 34 billion.
- By 2033, the valuation is expected to surge beyond US$ 81.8 billion.
- The market is expected to record a CAGR of 9.2% during the forecast period.
- On the basis of regional analysis, Asia Pacific is expected to be the dominant market.
- The United States market is expected to advance at 9%.
- The United Kingdom market is anticipated to surge at 8.2%.
- China market is projected to grow at 8.6%.
- Japan market is expected to register a CAGR of 7.7%.
- South Korea market is anticipated to record a CAGR of 6.9%
- Based on the product, WMS is expected to be the dominant segment, and is projected to grow at 8.9%.
- Based on the system type, unit load is expected to be the significant segment, and is expected to surge at 8.6%.
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Competitive Landscape
The key players operating in the automated material handling systems market are investing heavily in mergers and acquisitions. The motive is to increase the market share and be the market leader. The idea is also to form strategic collaborations with players from other niches in order to make use of their resources.
The manufacturers are also bringing in leaders with diverse experience who have been serving the market for decades. With a view to controlling carbon emissions, the key players are also adopting strategies to achieve sustainable goals.
Key players operating in the global Automated Material Handling Systems Market are Kion Group, Daifuku and Toyota Industries.
Significant Developments in the Market:
- In May 2022, Daifuku was recognized as the number 1 supplier by modern materials handling.
- In January 2023, Kion Group decided to develop and produce its own fuel cell systems for industrial trucks.
Automated Material Handling Systems Market Segmentation
By Product:
- Robots
- ASRS
- Conveyors & Sortation Systems
- Cranes
- WMS
- AGV
By System Type:
- Unit Load
- Bulk Load
By Vertical:
- Automotive
- Metals & Heavy Machinery
- Food & Beverages
- Chemicals
- Healthcare
- 3PL
- Semiconductors & Electronics
- Aviation
- E-Commerce
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
- Europe
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Table of Content
1. Executive Summary | Automated Material Handling Systems Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
Explore Wide-ranging Coverage of FMI's Industrial Automation Landscape
Produced Water Treatment Systems Market Size : is projected to grow at a CAGR of 5.8% between 2022 and 2029, surpassing a valuation of US$ 6.38 Billion by 2029.
Asia Pacific Manufacturing Execution Systems (MES) Market Share : is projected to reach US$ 27,601.4 Million in 2032.
Bulk Material Handling System Market Demand : will rise at 2% CAGR by year 2031 end.
Industrial Automation Market Growth : is anticipated to capture a valuation of US$ 40.6 billion in 2023 and is rising to US$ 81.4 billion by 2033. The market is estimated at a CAGR of 7.2% during the forecast period.
Industrial Motors Market Outlook : is likely to propel the market's valuation to US$ 917.3 million in 2032.
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