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Automated Material Handling Equipment Market Trends

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

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Automated Material Handling Equipment Market Trends

The automated material handling equipment industry is experiencing significant trends driven by rising leading events and product launches in the field. These events, such as industry exhibitions and conferences, provide platforms for companies to showcase their latest innovations and solutions. With each launch, there is a noticeable trend towards more advanced, efficient, and intelligent AMHE systems.

Companies are introducing technologies like robotics, artificial intelligence, and IoT integration to enhance productivity and streamline operations. Moreover, there's a growing emphasis on sustainability, with eco-friendly solutions gaining traction in the market. Overall, these events and launches are shaping the future of AMHE by driving innovation, improving efficiency, and addressing the evolving needs of industries worldwide.

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.