The global automated material handling equipment market size is anticipated to reach USD 114.45 billion by 2030, projected to grow at a CAGR of 9.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing labor costs in many countries are driving the demand for AMH equipment, which is replacing manual labor. It helps companies save costs by reducing the need for manual labor and increasing productivity. Further, e-commerce has created a need for faster and more efficient material handling systems. Automated Material Handling (AMH) equipment is used in e-commerce warehouses to handle large volumes of orders to ensure products are delivered to customers quickly and accurately. Technological advances have also made it possible to develop more sophisticated AMH equipment that is fast, accurate, and reliable. These systems use sensors, artificial intelligence, and machine learning to automate material handling tasks.

Automated storage and retrieval systems can significantly reduce variable costs by eliminating the need for manual labor for tasks such as assembly, picking, storing, and inventory replenishment. Warehouses and distribution centers require the regular replenishment of raw materials, work-in-progress, and finished goods inventories to maintain uninterrupted processes, making shelf arrangement and grouping critical. Efficient space utilization is vital for the bottom line of warehouses and distribution centers. For instance, in September 2022, Aurora Organic Dairy, a producer of organic milk and butter for U.S. retailers, sought the help of Westfalia Technologies Inc. to design an AS/RS solution for a significant warehouse addition. The AS/RS enabled the company to build a highly automated warehouse adjacent to the milk plant to accommodate growth in a limited square footage area while recasting the whole warehousing process from production to shipping to staging.

Labor shortages are compelling organizations to seek robots to ensure their stability. Industries such as janitorial services, commercial and home delivery, food and beverage, healthcare, and manufacturing are expected to benefit from autonomous mobile and collaborative robots. Technologically advanced countries such as South Korea and Japan are at the forefront of manufacturing next-generation AMH equipment. For instance, in March 2023, THIRA Robotics launched a new generation of autonomous mobile robots (AMRs) designed to operate in harsh facility conditions, previously unsuitable for automation. This development is likely a significant advancement in the automation industry. The company aimed to present five models and demonstrations of AMR operating on sloped and uneven flooring at Promat.

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Automated Material Handling Equipment Market Report

Automated Material Handling Equipment Market Report Highlights

The robots segment led the market in 2023, accounting for over 24% share of the global revenue owing to the integration of artificial intelligence and machine learning technologies in robotic systems.

The unit load material handling segment held the largest revenue share in 2023 due to its ability to streamline supply chain operations and move materials more efficiently across long distances.

The e-commerce segment led the market in 2023. The adoption of AMH equipment in the e-commerce industry is expected to increase significantly in the coming years as companies such as Amazon, eBay, and Alibaba strive to remain competitive and meet customer expectations.

The Asia Pacific region held the largest revenue share, over 39%, in 2023. The region's flourishing manufacturing and automobile sectors are expected to spur the demand for automated material-handling equipment.

Automated Material Handling Equipment Market Segmentation

Grand View Research has segmented the global automated material handling equipment market based on product, system type, vertical, and region:  

Automated Material Handling Equipment Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2030)

Robots

Automated Storage and Retrieval System (AS/RS)

Unit Load

Mid & Mini Load

Vertical Lift Module (VLM)

Carousel

Shuttle

Conveyors Systems

Sortation Systems

Cranes

Warehouse Management System

Collaborative Robots

Autonomous Mobile Robots

Goods-to-Person Picking Robots

Self-driving Forklifts

Autonomous Inventory Robots

Unmanned Aerial Vehicles

Automated Guided Vehicle

Tow Vehicle

Unit Load Carrier

Pallet Truck

Forklift Truck

Hybrid Vehicles

Others

Automated Material Handling Equipment System Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2030)

Unit Load Material Handling

Bulk Load Material Handling

Automated Material Handling Equipment Vertical Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2030)

Automotive

Semiconductor & Electronics

E-Commerce

3PL

Metals & Heavy Machinery

Food & Beverages

Chemicals

Healthcare

Aviation

Others

Automated Material Handling Equipment Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2030)

North America

U.S.

Canada

Europe

UK

Germany

France

Asia Pacific

East Asia

China

Japan

South Korea

Hong Kong

Taiwan

India

Thailand

Indonesia

Vietnam

Singapore

Malaysia

Australia

Latin America

Mexico

Columbia

Chile

Argentina

Caribbean Region

Middle East and Africa (MEA)

List of Key Players in the Automated Material Handling Equipment Market

Daifuku Co., Ltd.

KION GROUP AG

Schaefer Systems International, Inc.

Honeywell International Inc.

Toyota Material Handling International

Hyster-Yale Materials Handling, Inc.

Jungheinrich AG

Hanwha Group

JBT

KUKA AG

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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries: from technology to chemicals and materials to energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com

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Grand View Research, Inc.
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