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Automated Material Handling Equipment Market Share

Report ID: GMI4277
Published Date: May 2024
Report Format: PDF

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Automated Material Handling Equipment Market Share

Toyota Industries Corporation and Kion Group AG hold a significant market share in the market. Toyota Industries Corporation focus on continuous innovation and developing advanced material handling solutions to meet evolving customer needs.

KION has pursued a growth strategy through strategic acquisitions and partnerships to expand its product portfolio and global reach. Acquiring companies like Dematic to strengthen its presence in the automation and supply chain solutions market and forming partnerships to enhance technological capabilities.

Automated Material Handling Equipment Market Companies

Major players operating in the automated material handling equipment industry are:

Hanwha Corporation
Honeywell International Inc.
Hyster-Yale Materials Handling, Inc.
Jungheinrich AG
KION SSI SCHAEFER Group
KNAPP
KUKA AG
Murata Machinery Ltd.
TGW Logistics
TOYOTA INDUSTRIES CORPORATION
Viastore

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automated material handling equipment was reached USD 67.5 billion in 2023 and is projected to expand at over 7% CAGR from 2024 to 2032, due to the increasing demand for automation in warehouses, logistics, and manufacturing industries.

The manufacturers segment in the automated material handling equipment market held 65% revenue share in 2023, owing to their ability to streamline material handling processes, reduce labor costs and minimize errors.

Asia Pacific automated material handling equipment market held 35% share in 2023 and is projected to expand at significant rate between 2024 and 2032, on account of the expanding industrialization, rapid infrastructure development, and increasing e-commerce activities.

Hanwha Corporation, Honeywell International Inc., Hyster-Yale Materials Handling, Inc., Jungheinrich AG, KION SSI SCHAEFER Group, KNAPP, KUKA AG, Murata Machinery Ltd., TGW Logistics, TOYOTA INDUSTRIES CORPORATION, and Viastore some of the automated material handling equipment companies worldwide.