Meticulous Research®, a globally respected market research firm, has released a comprehensive report titled, "Automated Material Handling Systems Market by Type (ASRS, AGV, Robotic Systems), Component, Function (Assembly, Picking, Sorting), End-use Industry (Automotive, Healthcare, Semiconductor, Manufacturing, Retail, Aviation, Postal) - Global Forecast to 2030."
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According to this latest publication, the global automated material handling systems market is poised to achieve a valuation of $70.1 billion by 2030, growing at a steady CAGR of 8.3% from 2023 to 2030. This growth is primarily driven by the increasing adoption of automated solutions across industries, driven by the need for improved floor space utilization, enhanced order processing capabilities, and the rising demand for warehouse automation. However, challenges such as high initial deployment costs and concerns about cybersecurity pose potential restraints.
Key Drivers and Growth Opportunities:
The report highlights significant growth opportunities stemming from the expanding role of online retail platforms, increased use of RFID and barcode technologies, integration of cloud and IoT technologies in AMHS, and the advent of Industry 4.0 initiatives. These advancements are expected to bolster market growth despite challenges.
Segmentation Insights:
Type Segmentation:
The market segments include ASRS, AGV, conveyor & sortation systems, palletizing & depalletizing systems, and robotic systems. Robotic systems are anticipated to dominate the market in 2023, driven by their widespread adoption in manufacturing for hazardous tasks and improvements in overall equipment effectiveness (OEE).
Component Segmentation:
Components are categorized into hardware, software, and services. Hardware currently holds the largest market share, driven by robust demand for industrial hardware components like PLCs and sensors amid rapid industrialization. Meanwhile, the software segment is expected to grow the fastest, supported by increasing requirements for real-time monitoring, inventory management, and task automation.
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Function Segmentation:
Functions include assembly, picking, sorting, packaging, shipping, receiving, and storing. Picking operations are expected to lead the market due to their critical role in ensuring accurate inventory management, faster order processing, and optimized warehouse operations.
End-use Industry Segmentation:
End-use industries encompass automotive, healthcare, electronics & semiconductors, retail & warehousing/logistics, aviation, and more. The automotive sector is projected to dominate, driven by efforts to streamline material flow, enhance production efficiency, and minimize inventory build-up. Meanwhile, healthcare is anticipated to witness the highest growth, attributed to the need for precise handling of pharmaceuticals and medical supplies.
Regional Analysis:
Asia-Pacific is expected to maintain the largest market share in 2023, driven by extensive manufacturing and warehousing transformations, technological advancements, and robust growth in e-commerce. The region is anticipated to witness accelerated growth during the forecast period.
Key Players:
Leading companies in the automated material handling systems market include SSI SCHÄFER AG (Germany), Murata Machinery, Ltd. (Japan), KNAPP AG (Austria), BEUMER Group GmbH & Co. KG (Germany), Swisslog Holding AG (Switzerland), TGW Logistics Group GmbH (Austria), and others.
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