Automated Material Handling Market Offering New Industry Trends, Growing Opportunities, and Innovations by 2031

Automated Material Handling Market

Automated Material Handling Market: With precise predictions and analysis at the global, regional, and national levels, the research provides a thorough understanding of the automated material handling market. It gives participants a thorough understanding of the essential adjustments in company operations seen throughout the sector by offering a detailed value chain analysis and a thorough overview of the worldwide market. Additionally, it provides a thorough segmentation study of the worldwide market for automated material handling, highlighting developments in the major product and application categories.

Automated Material Processing According to estimates, the market would be worth USD 70.35 billion in 2024 and expand to USD 126.20 billion by 2029, with a compound annual growth rate (CAGR) of 12.40% between 2031 and 2029.

The market for automated material handling is growing due to a number of factors, including rising technological advancements, rising labor costs and safety concerns, rising efficiency and productivity of manufacturing and warehouse operating companies, a significant recovery in global manufacturing, growing demand for automation in industries, rising demand for robots in manufacturing units and warehousing facilities, and rising emerging markets.

Automated Material Handling Market: Among the Leading Businesses Featured in This Report Are:

Daifuku Co., Ltd., Honeywell Intelligrated, Siemens AG, KNAPP AG, Vanderlande Industries, BEUMER Group, Dematic, Murata Machinery, Ltd., and Others

Considering the Product Outlook

Services for Software and Hardware

Outlook for End Users:

Airport Automotive Food and Beverages
Retail/Warehousing/Distribution Centers/Logistic Centers
General Manufacturing Pharmaceuticals
Post and Parcel

Automated Material Handling Market to Surge, Reaching $408.13 Billion by 2033Automated Material Handling Market

Once estimated to be worth an astounding $227.9 billion in 2022, the worldwide market for material handling equipment is predicted to rise at a consistent 6% yearly pace to reach an astounding $408.13 billion by 2033. Increased industrial activity and a growing need for automation and robots in material handling systems are driving this trend.

Automation and robotics’ effects

The market has seen an increase in the usage of different lifting accessories by different sectors. These solutions help reduce mistakes and increase productivity, especially in the online retail and shipping industries. However, the high upfront expenses for small and medium-sized enterprises provide a barrier to the market’s expansion. These costs frequently cover the costs of acquisition, setup, upkeep, and software updates.

Important Market Trends

The industry has seen the emergence of several significant developments, such as a discernible rise in the use of data analytics and autonomous mobile robots (AMRs). Supply chain operations are becoming more efficient and productive thanks to these technology. With approximately 35% of total sales in 2021, the crane and lifting equipment category was the biggest. During the projection period, the racking and storage equipment segment is anticipated to increase at a 6.8% annual pace.

Automated Material Handling Market: Overview of the Industry and Region

With an industry share of over 20% of worldwide sales in 2021, e-commerce was the market leader. Another industry anticipated to increase at a 6.6% rate is pharmaceuticals. In terms of geography, the Asia Pacific area led the market in 2021, bringing in more than 35% of worldwide sales.

Vanderlande Industries, Toyota Material Handling, and other well-known businesses are notable major participants in the sector. Persistence Market Research has provided market insights by emphasizing the necessity of business intelligence and a proactive strategy for enterprises to effectively handle complex business issues.

 

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