Automated Material Handling Equipment and Systems Market Size, Share, Trends, Growth 2032

Automated Material Handling Equipment and Systems Industry Prospective:

The global automated material handling equipment and systems market size was evaluated at $62.64 billion in 2023 and is slated to hit $127.32 billion by the end of 2032 with a CAGR of nearly 8.20% between 2024 and 2032.

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Automated Material Handling Equipment and Systems Market: Overview

Automated material handling equipment and systems make use of computerized equipment and robots for moving, lifting, pulling, pushing, storing, and retrieving products. A few of these automated material handling equipment and systems include pallet lifting equipment, heavy equipment box lifts, industrial lifting equipment, and conveyors.

Key Insights

• As per the analysis shared by our research analyst, the global automated material handling equipment and systems market is projected to expand annually at the annual growth rate of around 8.20% over the forecast timespan (2024-2032)
• In terms of revenue, the global automated material handling equipment and systems market size was evaluated at nearly $62.64 billion in 2023 and is expected to reach $127.32 billion by 2032.
• The global automated material handling equipment and systems market is anticipated to grow rapidly over the forecast timeline owing to the huge demand for automated material handling devices owing to low costs, high ROI, and high degree of customization.
• In terms of product, the automated storage & retrieval systems segment is slated to register the highest CAGR over the forecast period.
• Based on industry vertical, the automotive segment is expected to dominate the global automated material handling equipment and systems market share in terms of revenue in the forecasting years.
• Based on system, the unit load material handling system segment is predicted to lead the segmental space in the upcoming years.
• Region-wise, the North American automated material handling equipment and systems industry is projected to register the fastest CAGR during the projected timespan.

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Automated Material Handling Equipment and Systems Market: Growth Factors

Escalating popularity of product due to its massive use in various end-use sectors to scale up the market growth across the globe

Huge demand for automated material handing devices owing to low costs, high ROI, and high degree of customization will steer the growth of global automated material handling equipment and systems market. Large-scale product penetration in food & beverages, automotive, healthcare, aviation, chemicals, metals, and heavy industry will boost the global market trends. Furthermore, escalating need for minimizing human errors, enhance safety, surge production, and raise the accuracy of the operations will prop up the expansion of the market globally.

Reportedly, automated material handling equipment and systems facilitate just-in-time delivery of raw components, article tracking in factory unit, and computerized control of assembled components. This, in turn, will proliferate the size of the global market.

Automated Material Handling Equipment and Systems Market: Restraints

Exponential switching costs can put brakes on the growth of the global industry over 2024-2032

Rise in the costs of switching and integration can put brakes on the global automated material handling equipment and systems industry expansion. Apart from this, low access to raw components and fluctuations in the supply chain materials can impede the growth of the global industry.

Automated Material Handling Equipment and Systems Market: Opportunities

Launching innovative products & adding new features to these products can create new facades of growth for the global market

New product developments are projected to generate huge growth avenues for the global automated material handling equipment and systems market. For instance, in May 2023, Epiroc AB, a Sweden-based mining and infrastructure equipment manufacturer, introduced deep automation solutions for underground material handling activities.

Apart from this, swift industrial expansion in developing countries such as India, Indonesia, Thailand, Mexico, and Brazil will further enlarge the scope of the global market growth in the coming years.

Automated Material Handling Equipment and Systems Market: Challenges

Humungous use of alternate products can create hurdles in the growth of the global industry

Massive demand for substitute products owing to their flexibility and scalability in comparison to automated material handling equipment and systems is anticipated to pose a huge challenge for the global automated material handling equipment and systems industry surge.

Automated Material Handling Equipment and Systems Market: Segmentation

The global automated material handling equipment and systems market is sectored into product, system, application, industry vertical, and region.                                      

In product terms, the automated material handling equipment and systems market across the globe is segregated into robots, automated guided vehicles (AGV), conveyor & sortation systems, automated storage & retrieval systems, and other segments. Furthermore, the automated storage & retrieval systems segment, which acquired nearly half of the global market proceeds in 2023, is projected to record the highest gains over the forecast timeline. The progression of the segment from 2024 to 2032 can be accredited to growing demand for the product as a result of its beneficial features such as the requirement of lesser space for deployment, improved supply chain operations, lower prices of inventories, and enough availability of storage space. Reportedly, the product also helps warehouse owners and production units in enhancing their operational ability and inventory order & replenishment accuracy.

Based on the system, the global automated material handling equipment and systems industry is sectored into unit load material handling system and bulk load material handling system segments. Additionally, the unit load material handling system segment, which acquired a key share of the global industry in 2023, is predicted to dominate the segmental landscape in the coming eight years. The segmental progress from 2024 to 2032 can be due to space savings offered by the system leading to high-density storage and reduction in aisle space. Apart from this, a prominent surge in the use of automated material handling equipment and systems in the flourishing e-commerce sector will further spur the demand for unit load material handling systems.

Based on the industry vertical, the global automated material handling equipment and systems market is divided into automotive, metals & heavy machinery, food & beverages, semiconductor & electronics, and retail sectors. Additionally, the automotive segment, which led to global market expansion in 2023, is projected to dominate the global market earnings even during the period from 2024 to 2032. The expansion of the segment in the coming eight years can be driven by the large-scale use of automated equipment in the automotive sector owing to the escalating requirement of reducing labor costs along with the necessity of just-in-time delivery of the vehicles.

Based on the application, the automated material handling equipment and systems industry across the globe is bifurcated into packaging, transportation, assembly, waste handling, and distribution segments.

Automated Material Handling Equipment and Systems Market: Report Scope

Automated Material Handling Equipment and Systems Market: Regional Insights

Asia-Pacific is predicted to maintain the leading position in the global automated material handling equipment and systems market in the upcoming years

Asia-Pacific, which contributed about 75% of the global automated material handling equipment and systems market revenue in 2023, will be a leading region in the coming eight years. In addition to this, the regional market progression over the forecast timeline can be credited to growing awareness about the benefits of warehouse automation in countries such as Japan, Taiwan, Malaysia, Hong Kong, Singapore, China, South Korea, and India. Apart from this, flourishing e-commerce, food & beverages, automotive, and medical sectors in the region are likely to translate into humongous growth of the market in the region.

North American automated material handling equipment and systems industry is anticipated to register the fastest rate of growth in the forecast period. The elevation of the industry in the sub-continent can be owing to a prominent surge in the demand for products in packaging activities in countries such as the U.S. as the product helps in improving quality packaging. Moreover, the need for reducing human errors in transportation and waste handling activities is likely to promulgate the scope of growth of the industry in the North American region. Nations such as the U.S. and Canada are likely to be the major revenue growth drivers of the region in the coming decade.

Key Developments

• In May 2023, Toyota Material Handling, Inc., a U.S.-based key distributor and manufacturer of forklifts and tow tractors, launched three new prototypes of forklifts, thereby adding to the firm’s product line of material handling products. Such moves will steer the growth of the automated material handling equipment and systems market globally.
• In June 2021, ePicker, a material handling equipment provider, introduced a new line of material handling instruments including stacker fleet, lithium-ion driven forklifts, and pallet jacks. The strategic initiative is aimed at optimizing the efficacy and output of material handling operations of various firms.

Automated Material Handling Equipment and Systems Market: Competitive Space

The global automated material handling equipment and systems market profiles key players such as:

• Dematic Group S.A.R.L
• Murata Machinery Ltd.
• Honeywell International
• Siemens AG
• KUKA
• Swisslog Holding AG
• Daifuku Co. Ltd.
• Bosch Rexroth
• Hawha
• SSI Schaefer AG
• Kion
• JBT Corporation
• Jungheinrich
• Bastian Solutions Inc.
• Toyota Industries Corporation
• Hyster-Yale Material Handling

The global automated material handling equipment and systems market is segmented as follows:

By Application

• Transportation
• Waste Handling
• Packaging
• Assembly
• Distribution

By Product

• Robots
• Automated Guided Vehicles (AGV)
• Conveyor & Sortation Systems
• Automated Storage & Retrieval Systems
• Others

By System

• Unit Load Material Handling System
• Bulk Load Material Handling System

By Industry Vertical

• Automotive
• Metals & Heavy Machinery
• Food & Beverages
• Semiconductor & Electronics
• Retail
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa