Automated Material Handling Systems Market Worth $57.6 Billion by 2028

Automated Material Handling Systems Market by Type (ASRS, AGV, and Robotic Systems), Component, Function, End-use Industry (Automotive, Healthcare, Food & Beverage, Semiconductor, Manufacturing, Retail, Warehousing, Logistics, Aviation, and Postal) - Global Forecast to 2028

Meticulous Research®—a leading global market research company published a research report titled “Automated Material Handling Systems Market by Type (ASRS, AGV, and Robotic Systems), Component, Function, End-use Industry (Automotive, Healthcare, Food & Beverage, Semiconductor, Manufacturing, Retail, Warehousing, Logistics, Aviation, and Postal) - Global Forecast to 2028”.

According to this Latest Publication from Meticulous Research®, the Automated Material Handling Systems (AMHS) Market Is Expected to Reach $57.6 Billion by 2028 at a CAGR of 6.6% from 2021 to 2028. Automated systems increase productivity, automate tasks, augment jobs, and create new ones. The growth of the AMHS market is majorly attributed to factors, such as the increasing popularity of e-commerce, rising implementation of robotic systems for warehouse automation, increasing need to reduce labor costs and physical injuries, and the growing acceptance of automated material handling equipment across several industry verticals. The growing adoption of automated material handling equipment coupled with rapid industrialization in developing economies is also expected to create tremendous opportunities for the players operating in this market over the forecast period. Moreover, the rising popularity of automated equipment amongst SMEs, increasing investments in the automation sector, significant recovery of the manufacturing industry, and consistent technological advancements in automated material handling equipment are expected to boost the growth of this market in the coming years. However, high initial costs for the deployment of robotic systems and the shortage of skilled labor in emerging economies have created serious challenges for the growth of this market.

The automated material handling systems (AMHS) market is segmented based on system type, component, function, end-use industry, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on Type, the AMHS market is segmented into automated storage & retrieval systems, vehicle systems, conveyor & sortation systems, palletizing & depalletizing systems, and robotic systems. Among these, the robotic systems segment is estimated to account for the largest share of the overall automated material handling systems market in 2021. The large share of the segment is mainly attributed to the high deployment rate of robotic systems across various industries, including automotive and manufacturing, the advent of industry 4.0, and the growing need for high-level production automation. Besides, rapid technological advancements in material handling equipment, including highly advanced sensors, support the growth of the robotic systems segment. However, the vehicle systems segment is projected to register the highest CAGR during the forecast period due to factors such as the increasing acceptance of AGVs, and the rising need to minimize human interaction with transported loads, damage to goods, and industrial accidents.

Based on Component, the AMHS market is segmented into hardware, software, and services. Among these, the hardware segment is estimated to account for the largest share of the overall automated material handling systems market in 2021, owing to enhancements in promising technologies, including AI, IoT, and machine learning, easy integration of the technologies with automated material handling equipment, the constantly growing adoption of automated material handling systems, and growing industrialization. However, growing strategic developments among automation software providers and rapid technological advancements in software products are expected to support the growth of the software segment at the highest CAGR during the forecast period.

Based on Function, the AMHS market is segmented into assembly, picking, sorting, packaging, shipping, receiving, and storing. The picking segment is estimated to account for the largest share of the automated material handling systems market in 2021. It is also projected to record the highest CAGR during the forecast period. The large share and fastest growth of the segment are mainly attributed to the growing need for automating order fulfillment processes, rising demand for high-accuracy systems, the rapidly growing e-commerce sector, and the high adoption rate of picking systems.

Based on End-use Industry, the AMHS market is segmented into automotive, semiconductor & electronics, general manufacturing, retail & warehousing/logistics, aviation, chemicals, rubber, and plastics, healthcare & pharma, food & beverage, postal & parcel, and others. The automotive segment is estimated to account for the largest share of the automated material handling systems market in 2021. The large share of the segment is mainly attributed to the rising need to reduce resource expenditure and improve safety during stacking and restacking, the increasing focus on smart factories, the growing need for flexible automated material handling equipment, and increasing digitalization in the automotive industry. However, the healthcare & pharma segment is expected to register the highest CAGR during the forecast period due to factors such as the rapidly transforming healthcare industry, increasing investments in healthcare, and the growing need for high-accuracy systems.

Download Free Sample Report for Complete Table of Contents with the List of Tables and List of Figures: https://www.meticulousresearch.com/download-sample-report/cp_id=5149

Geographic Review:

Geographically, the AMHS market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is estimated to account for the largest share of the automated material handling systems market in 2021. The large share of this region is mainly attributed to increasing investments in the Industry 4.0 revolution, growing R&D investments in robotics, the booming e-commerce sector, supportive digital infrastructure, a knowledgeable workforce, and technological advancements. In addition, the presence of several automotive manufacturers in this region and their high reliance on automated systems are also expected to contribute to the growth of this market. However, factors such as the improving manufacturing and warehousing infrastructure, flourishing manufacturing and e-commerce sectors, and increasing investments by manufacturers and suppliers for installing automated material handling equipment at warehouses and distribution centers are expected to support the rapid growth of the automated material handling systems market in APAC over the forecast period.

Key Players:

The key players operating in the automated material handling systems 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.

Key Questions Answered in the Report-

Which are the high-growth market segments in terms of system type, component, function, industry, and geography?
What was the historical market size of the automated material handling systems market?
What are the market forecasts and estimates for the period 2021-2028?
What are the major drivers, restraints, opportunities, and trends in the automated material handling systems market?
Who are the major players, and what are their shares in the automated material handling systems market?
How is the competitive landscape in the automated material handling systems market?
What are the recent developments in the automated material handling systems market?
What are the various strategies adopted by the major players in the automated material handling systems market?
What are the key geographic trends and which are the high-growth countries?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research