Madhya Pradesh Online Journal

Automated Material Handling Equipment Market worth $45.7 billion by 2028, at a CAGR of 8.3%

 Breaking News
  • No posts were found

Automated Material Handling Equipment Market worth $45.7 billion by 2028, at a CAGR of 8.3%

May 08
22:49 2023
Automated Material Handling Equipment Market worth $45.7 billion by 2028, at a CAGR of 8.3%
Automated Material Handling Equipment Market
The Automated Material Handling Equipment Market is expected to reach USD 45.7 billion by 2028 from USD 30.6 billion in 2023, at a CAGR of 8.3 % during the 2023–2028 period

The report “Automated Material Handling Equipment Market by Product (Robots, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, E-Commerce, Food & Beverage) and Region – Global Forecast to 2028” The Automated Material Handling Equipment Market is expected to reach USD 45.7 billion by 2028 from USD 30.6 billion in 2023, at a CAGR of 8.3 % during the 2023–2028 period. The ever-evolving automotive, e-commerce, food & beverage, 3PL, and other industries, along with their continuous production, are major factors driving the growth of the global automated material handling equipment market. Moreover, the need for ASRS and AGVs for several applications is also a key factor contributing to the market growth.

• Informational PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=92483121

Browse 170 market data Tables and 60 Figures spread through 270 Pages and in-depth TOC on “Automated Material Handling Equipment Market by Product and Region – Global Forecast to 2028”

View detailed Table of Content here https://www.marketsandmarkets.com/Market-Reports/automated-material-handling-manufacturing-market-92483121.html

Automated Material Handling Equipment Market

Unit load material handling system is expected to account for the largest share of the automated material handling equipment market during the forecast period.

Unit Load Material Handling Systems held a larger market share in 2022. These systems are majorly used in several industries as they are cost-effective and can effectively handle several items simultaneously.  This helps in reducing the number of trips, the time required for loading and unloading, as well as the cost of handling. The growing demand for automated material handling equipment in the e-commerce industry is anticipated to propel the unit load material handling systems market during 2022−2027.

The e-commerce industry is projected to account for significant share of automated material handling equipment market during the forecast period.

The growing demand for accelerated order processing and delivering of products to customers in an accurate and undamaged form, rising competition in the e-commerce industry, and a rapidly growing number of online shoppers are propelling e-commerce companies to invest in automated equipment to improve their material handling efficiency. Short delivery times, accurate order processing, advanced shipment tracking, and an increased number of online shoppers are key factors boosting the adoption of warehouse management systems in this industry. The increase in globalization and the emergence of online retailing and bulk retailing escalated the demand for AMHE in the e-commerce industry. 

Asia Pacific is expected to register the highest CAGR during the forecast period.

Growing awareness for warehouse automation and the growing e-commerce industry are some of the key factors contributing to the substantial growth of Asia Pacific in the market. The rapid growth of automotive, e-commerce, and healthcare industries in major Asian economies, such as China and Japan, contributed to the growth of the automated material handling equipment market in the region. Moreover, various national governments in Asia Pacific countries are increasingly emphasizing mainly on safety and security on production floors, for which the deployment of automated material handling equipment is increasingly adopted. The market is experiencing rapid growth in countries such as China and Japan, owing to large investments by manufacturers and suppliers in installing several equipment at warehouses and distribution centers. 

The report profiles key players such as Daifuku, KION, SSI Schaffer, Toyota Industries, and Honeywell International.

Don’t miss out on business opportunities in Automated Material Handling Equipment Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/automated-material-handling-manufacturing-market-92483121.html