The Automated Material Handling Equipment Market Growth was valued at USD 23.4 billion in 2022 and is projected to reach USD 51.64 billion by 2030, with a compound annual growth rate (CAGR) of 10.4% during the forecast period from 2023 to 2030.
In recent years, the Automated Material Handling Equipment market has witnessed significant growth, and this trend is expected to continue in the coming years. The market's value, which stood at USD 23.4 billion in 2022, is anticipated to more than double, reaching USD 51.64 billion by 2030. This impressive growth can be attributed to various factors, including the increasing adoption of automation in industries worldwide.
The demand for Automated Material Handling Equipment is driven by the need for efficient and streamlined operations in sectors such as manufacturing, logistics, and e-commerce. These industries are constantly seeking ways to enhance productivity, reduce costs, and improve overall operational efficiency. Automated Material Handling Equipment offers a solution to these challenges by automating tasks such as material transportation, sorting, and storage.
Furthermore, the ongoing advancements in technology, such as the Internet of Things (IoT) and artificial intelligence (AI), have revolutionized the Automated Material Handling Equipment market. These technologies enable real-time monitoring, predictive maintenance, and intelligent decision-making, leading to improved operational performance and reduced downtime.
The forecasted CAGR of 10.4% over the period from 2023 to 2030 highlights the sustained growth potential of the Automated Material Handling Equipment market. This growth is expected to be driven by the increasing demand for automation across various industries, coupled with the continuous advancements in technology.
In conclusion, the Automated Material Handling Equipment market is poised for substantial growth in the coming years. With a projected value of USD 51.64 billion by 2030 and a CAGR of 10.4%, this market presents lucrative opportunities for businesses operating in this sector. By embracing automation and implementing advanced technologies such as artificial intelligence and machine learning, companies can streamline their operations and stay ahead in this rapidly growing market.
KEY MARKET SEGMENTATION
By Operation
- Assembly
- Waste Management
- Packaging And Distribution
- Storage And Transportation
By Application
- Healthcare
- Chemicals
- Automotive
- Foods And Beverages
- Aviation
- Electronics
- E-Commerce
- Semiconductors
By Software And Services
- Warehouse Management System (WMS)
- Transportation Management System (TMS)
- Maintenance And Repairs
- Training And Software Up-Gradation
By Automated Equipment
- Automated Storage And Retrieval System
- Robotics System
- Conveyors
- Automated Guided Vehicles
- Automated Cranes
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Key Players
Here's a list of key players in the industry:
- Daifuku Co. Ltd.
- Siemens AG
- Bosch Rexroth
- Murata Machinery Ltd.
- Swisslog Holding AG
- SSI Schaefer AG
- Dematic Group S.A.R.L
- Toyota Industries Corporation
- JBT Corporation
- Bastian Solutions, Inc.
- Other Players
Driving Factors
- The huge development in the online business industry.
- The web-based deals of family merchandise, drugs, food, and so forth.
Opportunities
- With the high inclination for customized and tweaked item orders, the framework is an internet-based help market.
- The developing fame of modified orders.
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Table of Contents
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 forces model
- PEST Analysis
- Global Automated Material Handling By Operation
- Global Automated Material Handling (AMH) Equipment Market segmentation, By Application
- Global Automated Material Handling (AMH) Equipment Market segmentation, By Software And Services
- Global Automated Material Handling (AMH) Equipment Market segmentation, By Automated Equipment
- Global Automated Material Handling (AMH) Equipment Market, by region/ country
- Company Profile
- Competitive Landscape
- Conclusion
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