Automated Material Handling Equipment Market Size - By Product (Automated Guided Vehicle, Robotics, Automated Storage & Retrieval System, Conveyor & Sortation System), Application, End-use & Forecast, 2024 - 2032

Automated Material Handling Equipment Market Size - By Product (Automated Guided Vehicle, Robotics, Automated Storage & Retrieval System, Conveyor & Sortation System), Application, End-use & Forecast, 2024 - 2032

Automated Material Handling Equipment Market Size

Automated Material Handling Equipment Market was valued at USD 67.5 billion in 2023 and is estimated to register a CAGR of over 7% between 2024 and 2032, driven by the continuous wave of product innovations and leading product launches. With the rapid advancement of technology, manufacturers are developing more efficient, intelligent, and versatile AMHE solutions. These innovations are reshaping industries by enhancing productivity, reducing operational costs, and ensuring workplace safety.

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Leading companies are investing heavily in research and development to introduce technologies such as robotics, artificial intelligence, and IoT integration into their AMHE products. Additionally, the growing need for automation in various sectors, including manufacturing, logistics, and e-commerce, is fueling the demand further. As a result, the AMHE market is experiencing robust growth globally, and this trend could continue in the foreseeable future.

Automated Material Handling Equipment Market Report Attributes

Report Attribute	Details
Base Year	2023
Automated Material Handling Equipment Market Size in 2023	USD 67.5 Billion
Forecast Period	2024-2032
Forecast Period 2024-2032 CAGR	7%
2032 Value Projection	USD 124.4 Billion
Historical Data for	2021-2023
No. of Pages	250
Tables, Charts & Figures	300
Segments covered	Product, Application, End-use
Growth Drivers	Expanding e-commerce and logistics industries in Asia Pacific Rising labor costs and the inconvenience of employing a manual workforce in Europe Increased warehouse and distribution center investments Increasing technological innovations and the adoption of automation in manufacturing activities Growing demand for automation from SMEs in North America
Pitfalls & Challenges	Lack of awareness of equipment operation

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The booming e-commerce sector is fueling demand for AMHE as companies strive to meet the increasing demands for fast and accurate order fulfillment. Automated systems enable efficient order picking, sorting, and packing, facilitating faster turnaround times and improved customer satisfaction. With the rise of online shopping, warehouses, and distribution centers are under pressure to handle large volumes of orders efficiently, driving the need for automated material handling solutions to cope with the demands of e-commerce fulfillment.

The automated material handling equipment market faces several restraints hindering its growth. High initial investment costs pose a significant barrier, limiting adoption, especially among smaller businesses. Also, concerns over job displacement and the need for retraining of workers create resistance in industries where automation is being introduced.

Automated Material Handling Equipment Market Trends

The automated material handling equipment industry is experiencing significant trends driven by rising leading events and product launches in the field. These events, such as industry exhibitions and conferences, provide platforms for companies to showcase their latest innovations and solutions. With each launch, there is a noticeable trend towards more advanced, efficient, and intelligent AMHE systems.

Companies are introducing technologies like robotics, artificial intelligence, and IoT integration to enhance productivity and streamline operations. Moreover, there's a growing emphasis on sustainability, with eco-friendly solutions gaining traction in the market. Overall, these events and launches are shaping the future of AMHE by driving innovation, improving efficiency, and addressing the evolving needs of industries worldwide.

Automated Material Handling Equipment Market Analysis

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Based on the end-use

the manufacturers segment accounted for over 65% market share in 2023. Automated systems streamline material handling processes, reducing labor costs and minimizing errors. They enable manufacturers to optimize production workflows, manage inventory more effectively, and ensure timely order fulfillment. With the growing complexity of manufacturing operations and the need for just-in-time delivery, manufacturers are investing in AMHE solutions to improve throughput, reduce lead times, and maintain competitiveness. As a result, the demand for AMHE from manufacturers continues to rise, fostering market growth globally.

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Based on the application, the third-party logistics (3PL) segment held around 21% market share in 2023. 3PL companies handle logistics operations for various industries and require efficient and flexible material handling solutions to meet their clients' needs. Automated systems enable 3PL providers to streamline warehouse operations, optimize inventory management, and enhance order fulfillment processes. With the rising demand for e-commerce and the need for faster order processing and delivery, 3PL companies are increasingly investing in AMHE solutions to improve efficiency, accuracy, and overall customer satisfaction, driving the growth of the AMHE market.

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Asia Pacific region dominated 35% share of the automated material handling equipment market in 2023, due to expanding industrialization, rapid infrastructure development, and increasing e-commerce activities. Countries like China, Japan, India, and South Korea are leading this growth. The region's booming manufacturing sector requires efficient material handling solutions to meet production demands. The rise of e-commerce is driving the need for automated warehouse and logistics solutions. Furthermore, government initiatives promoting automation and technological advancements are fueling market growth. As businesses in Asia Pacific strive to enhance efficiency and reduce costs, the demand for AMHE could continue rising in the region.

Factors such as the need for increased productivity, improved efficiency, and cost reduction are driving this demand. With the rise of e-commerce and the need for faster order processing and delivery, companies are investing in AMHE to streamline warehouse operations and meet customer demands. Additionally, the emphasis on workplace safety and the availability of advanced technologies are further propelling the adoption of AMHE across various industries in U.S.

Automated Material Handling Equipment Market Share

Toyota Industries Corporation and Kion Group AG hold a significant market share in the market. Toyota Industries Corporation focus on continuous innovation and developing advanced material handling solutions to meet evolving customer needs.

KION has pursued a growth strategy through strategic acquisitions and partnerships to expand its product portfolio and global reach. Acquiring companies like Dematic to strengthen its presence in the automation and supply chain solutions market and forming partnerships to enhance technological capabilities.

Automated Material Handling Equipment Market Companies

Major players operating in the automated material handling equipment industry are

• Hanwha Corporation
• Honeywell International Inc.
• Hyster-Yale Materials Handling, Inc.
• Jungheinrich AG
• KION SSI SCHAEFER Group
• KNAPP
• KUKA AG
• Murata Machinery Ltd.
• TGW Logistics
• TOYOTA INDUSTRIES CORPORATION
• Viastore

Material Handling Equipment Industry News

• In August 2023, Duravant LLC, a global provider of engineered equipment and automation solutions for the food processing, material handling industries, and packaging, acquired National Presort from NPI, a leading manufacturer of automated parcel sortation systems.
• In March 2023, ELOKON, Inc., a leading innovator in automated fleet management systems and forklift safety, announced that it will unveil its new ELOshield module at the MODEX Show in Atlanta. The ELOshield module is designed for driverless transport vehicles like automated guided vehicles (AGVs) and autonomous mobile robots (AMRs).

This automated material handling equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 to 2032, for the following segments

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Market, By Product

 

• Automated Guided Vehicle (AGV)
  • Tow tractor
  • Forklift truck
  • Pallet truck
  • Unit load carrier
  • Others
• Robotics
  • Autonomous Mobile Robots
  • Cobots
  • Scara robots
  • Industrial robots
  • Others
• AS/RS
  • Unit-load
  • Mini-load
  • Others
• Conveyor & Sortation System
  • Belt conveyor
  • Roller conveyor
  • Overhead conveyor
  • Pallet conveyor
  • Others
• Others

Market, By Application

• 3PL
• E-commerce
• General merchandise
• Food retail
• Food & beverage
• Manufacturing
  • Durable
  • Non-durable
• Pharmaceutical/Healthcare
• Semiconductor  
• Secondary Battery
• Others

Market, By End-use

• Manufacturers
  • General merchandise
  • Food & beverage
  • Pharmaceuticals/healthcare
    • Pharmaceuticals
    • Healthcare
  • Others
• Distributors
  • General merchandise
  • Food & beverage
  • Pharmaceuticals/healthcare
    • Pharmaceuticals
    • Healthcare
  • Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Sweden
  • Poland
  • Finland
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Malaysia
  • Vietnam
  • Thailand
  • Taiwan
  • Singapore
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Colombia
  • Peru
  • Bolivia
• MEA
  • South Africa
  • UAE
  • Saudi Arabia
  • Iran
  • Turkey
  • Rest of MEA