The Automated Material Handling Systems Market is anticipated to achieve a remarkable growth trajectory, reaching $70.1 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period of 2023–2030, according to a recent report published by Meticulous Research®.
The surge in the market is primarily attributed to the growing significance of Automated Material Handling Systems (AMHS) across various industries. Enterprises are increasingly focusing on optimizing floor space utilization and enhancing order processing capabilities, which, in turn, is propelling the demand for AMHS. Furthermore, the rising need for warehouse automation is contributing to the market's expansion.
However, the market faces challenges due to the high initial costs associated with deploying AMHS. Despite this, the growth of online retail platforms and their associated supply chains, coupled with the increasing utilization of Radio-Frequency Identification (RFID) and barcode technologies, integration of cloud and Internet of Things (IoT) technologies in AMHS, and the advent of Industry 4.0, are expected to present significant growth opportunities for market stakeholders.
Top 10 Companies in Automated Material Handling Systems Market : https://meticulousblog.org/top-10-companies-in-automated-material-handling-systems-market/
Key companies operating in the Automated Material Handling Systems Market include:
1. Daifuku Co., Ltd. (Established in 1937, Headquarters: Osaka, Japan)
• Leading provider of material handling systems
• Offers automation & logistic solutions to various sectors
2. Dematic Corp. (A Part of KION GROUP AG) (Founded in 1819, Headquarters: Georgia, U.S.)
• Provides material handling systems globally
• Subsidiary of KION GROUP AG, offering logistics solutions
3. Honeywell International Inc. (Founded in 1906, Headquarters: Indiana, U.S.)
• Leading single-source provider of intelligent automated material handling solutions
• Designs, manufactures, integrates, and installs comprehensive automation solutions
4. Toyota Industries Corporation (Established in 1926, Headquarters: Aichi, Japan)
• Major manufacturer of lift trucks and materials handling equipment
• Operates through Toyota Material Handling Group (TMHG) and Toyota Advanced Logistics Group (TALG)
5. SSI SCHÄFER AG (Founded in 1937, Headquarters: Neunkirch, Germany)
• Leading provider of material handling products and solutions
• Offers modular warehousing and logistics solutions
6. Murata Machinery, Ltd. (Founded in 1935, Headquarters: Kyoto, Japan)
• Japanese international company manufacturing various machinery
• Focuses on automated storage and transportation systems
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7. KNAPP AG (Founded in 1952, Headquarters: Hart bei Graz, Austria)
• Global market leader for integrated intralogistics solutions
• Offers turnkey systems in warehouse automation and logistics
8. BEUMER Group GmbH & Co. KG (Founded in 1935, Headquarters: Deutschland, Germany)
• Global leader in designing and manufacturing intralogistics systems
• Provides solutions for conveying, loading, palletizing, packaging, sortation, and distribution
9. Swisslog Holding AG (A Part of KUKA AG) (Founded in 1900, Headquarters: Buchs, Switzerland)
• Global supplier of intelligent automation solutions
• Offers key technologies such as conveyor systems, ASRS, AGVs, and robotics
10. TGW Logistics Group GmbH (Founded in 1969, Headquarters: Marchtrenk, Austria)
• Leading systems provider of highly automated, flexible solutions
• Supports distribution and fulfillment for global retailers and brands
The Automated Material Handling Systems Market is anticipated to witness substantial growth opportunities, driven by the ongoing emphasis on automation and technological advancements in the logistics and supply chain industry.
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