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Material Handling Integration Market Trends

Report ID: GMI7461
Published Date: Nov 2023
Report Format: PDF

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Material Handling Integration Market Trends

The material handling integration industry is witnessing a growing trend towards the integration of robotics and autonomous systems. Advanced robotic technologies, including autonomous mobile robots (AMRs) and robotic arms, are being incorporated into material handling systems to enhance efficiency, speed, and flexibility in warehouse and distribution operations. These systems offer the capability to automate tasks such as picking, packing, and palletizing, contributing to increased productivity and reduced labor costs.

Driven by these benefits, companies in this space are improving their strategic game to make the most of available growth opportunities, favoring the overall market dynamics. For instance, in December 2022, Tecsys Inc., a prominent supply chain management software firm, and SVT Robotics Inc., a leader in swift industrial robotics deployment software, collaborated to create and introduce an integrated link between Tecsys' Elite supply chain platform and SVT's SOFTBOT Platform. This integration offers Tecsys Elite customers a streamlined deployment process with reduced complexity, eliminating the necessity for prolonged custom code development typically associated with automation and robotics implementation across multiple systems.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of material handling integration reached USD 41.3 billion in 2022 and is set to record over 8.5% CAGR through 2032, led by the increasing adoption of automation and Industry 4.0 practices in various industries.

The hardware segment held a market share of over 61% in 2022, driven by increasing demand for advanced technologies that help enhance efficiency and automation.

Asia Pacific market accounted for 35% revenue share in 2022, propelled by burgeoning industrialization, increasing e-commerce activities, and a focus on technological advancements.

Fives, Honeywell International Inc, Jungheinrich AG, KION Group, Knapp AG, Murata Machinery Ltd. are some of the major industry contenders.