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

The Automated Material Handling Systems Market is projected to reach $70.1 billion by 2030, at a CAGR of 8.3% during the forecast period 2023–2030. The growth of the automated material handling systems market is mainly attributed to the growing importance of AMHS across the industry, enterprises’ increasing focus on improving floor space utilization and order processing capabilities, and rising demand for warehouse automation. Although the high initial cost involved in deploying AMHS may hinder the growth of this market, the growing significance of online retail platforms and associated ted supply chains, increasing utilization of RFID and barcode technologies, integration of cloud and IoT technologies in AMHS, and the advent of industry 4.0 are expected to propel the growth of the automated material handling systems market in the coming years. In addition, expansion and automation of warehouses without hampering operations and cybersecurity risks are major challenges for the players operating in this market.

Increasing deployments of automated material handling equipment for warehouse automation, rising investments in automation, increased focus on Industry 4.0, the rapidly growing e-commerce sector, favorable government initiatives and increasing investments to support digital infrastructure, rising need to reduce labor costs, and consistent technological advancements are the key factors driving the growth of the automated material handling systems (AMHS) market. Moreover, increasing industrialization, rising safety concerns, the growing popularity of automated systems among SMEs, and growing strategic partnerships among advanced technology providers and automated material handling equipment manufacturers to strengthen their product portfolios and positions in the global market are expected to propel the growth of the automated material handling systems market over the forecast period. However, the high initial cost of deploying robotic systems and lack of proficient personnel, particularly in developing countries, may restraint the growth of this market marginally.

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The automated material handling systems market study presents historical market data (2019 & 2020), estimated current data (2021), and forecasts for 2028. The market is segmented by type (automated storage & retrieval systems, automated guided vehicles, conveyor systems, sortation systems, palletizing & depalletizing systems, and robotic systems), component (hardware, software, and services), function (assembly, picking, sorting, packaging, shipping, receiving, and storing), end-use industry (automotive, healthcare, pharma, food & beverage, semiconductor & electronics, manufacturing, retail, warehousing, logistics, aviation, parcel & postal, and plastics). The study also evaluates industry competitors and analyzes the market at the country level.

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Based on type, the robotic systems segment is expected to account for the largest share of the automated material handling systems market in 2021. The large share of this segment is primarily attributed to the increasing investments in smart factories, high deployment of robotic systems in APAC, and rapid advancements in automated hardware, including sensors and control systems. In addition, the rising demand for high-level production automation, the growing popularity of Industry 4.0, and the increasing integration of advanced technologies with robotic hardware are also expected to support the growth of the automated material handling systems market over the forecast period.

Based on component, the hardware segment is expected to account for the largest share of the overall automated material handling systems market in 2021. The large share of this segment is primarily attributed to the increasing adoption of automated material handling equipment, growing industrialization, and increasing investments in product enhancement. However, the software segment is anticipated to record the highest CAGR during the forecast period due to increasing strategic developments among automation companies and software product enhancements.

Based on function, the picking segment is expected to account for the largest share of the automated material handling systems market in 2021. The large share of this segment is primarily attributed to the widespread implementation of picking systems across several industry verticals, increasing demand for high-efficiency systems, consumers’ changing outlook toward e-commerce, and increasing developments among provider companies to deliver a better customer experience. This segment is also slated to register the highest CAGR during the forecast period.

Based on end-use industry, the automotive segment is expected to account for the largest share of the overall automated material handling systems market in 2021. The large share of this segment is primarily attributed to the rising incorporation of total process simulation, the developed European automotive market, the increasing need to conserve resources and improve safety during loading and unloading, and increasing prominence of smart factories in the automotive industry. However, factors such as the rapid transformation of the healthcare sector, the rising need to meet government regulations, and increasing healthcare investments are expected to support the fastest growth of the healthcare & pharma segment during the forecast period.

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Based on geography, Europe is expected to account for the largest share of the automated material handling systems market in 2021. The large share of this regional market is primarily attributed to factors such as the wide acceptance of innovative technologies, availability of a skilled workforce, presence of leading players operating in this market, growing reliance on automation, the existence of digital infrastructure, and easy availability of automated material handling equipment. However, APAC is projected to record the highest CAGR during the forecast period on account of factors such as rapidly transforming manufacturing and warehousing infrastructure, increasing investments, the growing aviation industry coupled with increasing passenger traffic in the region, and the increasing focus of leading economies, such as China and Japan on robotics and automation.

The report also includes an extensive assessment of the key strategic developments by the leading market participants over the past four years (2017–2020). The automated material handling systems market has witnessed new product launches & enhancements that enabled companies to broaden their product portfolios, advance the capabilities of existing products, and gain cost leadership in the automated material handling systems industry. For instance, in March 2020, Material Handling Systems (MHS), Inc., a single-source provider of material handling automation and software solutions, launched MHS Helix, a new warehouse software solution for e-commerce to address the challenges that distribution and fulfillment centers face as a result of e-commerce growth.

The automated material handling systems market is fragmented. The major players operating in this market are Daifuku Co., Ltd. (Japan), SSI SCHAEFER AG (Germany), Dematic (U.S.), Honeywell Intelligrated (U.S.), Toyota Industries Corporation (Japan), Murata Machinery, Ltd. (Japan), KNAPP AG (Austria), BEUMER Group GmbH (Germany), Swisslog Holding AG (Switzerland), Material Handling Systems (U.S.), TGW Logistics Group (Austria), WITRON Logistik+Infomatik GmbH (Germany), Kardex Group (Switzerland), Elettric80 S.p.A. (Italy), System Logistics S.p.A. (Italy), DMW&H (U.S.), viastore SYSTEMS GmbH (Germany), LÖDIGE Industries GmbH (Germany), Stöcklin Logistik AG (Switzerland), and Jungheinrich AG (Germany), among others.
TOP 10 COMPANIES IN AUTOMATED MATERIAL HANDLING SYSTEMS (AMHS) MARKET @ https://meticulousblog.org/top-10-companies-in-automated-material-handling-systems-market/?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=26-07-2023