According to a new
market research report titled “Automated Material Handling Systems Market by Type (ASRS, AGV, and Robotic Systems),
Component, Function, End-use Industry (Automotive, Healthcare, Food &
Beverage, Semiconductor, Manufacturing, Retail, Warehousing, Logistics,
Aviation, and Postal) - Global Forecast to 2028”, published by Meticulous Research®, the
Automated Material Handling Systems (AMHS) market is expected to reach
$57.6 billion, at a CAGR of 6.6% during the forecast period (2021-2028).
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Automated material
handling systems increase productivity, automate tasks, augment jobs, and
create new ones. It ensures efficient conveyance of materials from one place to
another in the manufacturing area or warehouses by eliminating the need for
humans. It also helps to produce and ship product to customers faster, cheaper,
and with increased quality.
The steady growth of
the automated material handling systems market is mainly attributed to the
increasing deployment of robotic systems for warehouse automation, the advent
of Industry 4.0, continuous technological advancements, and the growing focus
of companies on cost reduction and sustainability. Although the impact of
COVID-19 may hinder the growth of this market, the rapidly booming e-commerce
sector, the companies’ willingness to increase automation investments, and
favorable government initiatives to support the growth of the industrial sector
are expected to propel the growth of the automated material handling systems
market in the coming years.
Based on type, the
automated material handling systems market is segmented into automated storage
& retrieval systems, vehicle systems, conveyor & sortation systems,
palletizing & depalletizing systems, and robotic systems. In 2021, the
robotic systems segment accounted for the largest share of the overall
automated material handling systems market. The large share of this segment is
mainly attributed to the growing incorporation of various modern technologies
in automated material handling equipment, wide deployment of robotic systems in
the APAC region, and consistent technological advancements in robotics.
Besides, the high deployment rate of robotic systems across various industries,
including automotive and manufacturing, the advent of industry 4.0, and the
growing need for high-level production automation further augment the growth of
this segment. However, the vehicle systems segment is projected to grow at the
highest CAGR of 11.8% over the forecast period. An upsurge in the adoption of
AGVs, the rising need for safety, accuracy, and productivity, increasing
industrial growth in emerging economies, and the growing trend favoring
flexible navigation are the key drivers for this segment.
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Based on component,
the automated material handling systems market is segmented into hardware,
software, and services. In 2021, the hardware segment accounted for the largest
share of the overall automated material handling systems market. The large
share of this segment is mainly attributed to the continuous advancements in
upcoming technologies such as AI and IoT, the technologies’ easy integration
with automated material handling equipment, the rising demand for sensors and
reliable performance controllers. Moreover, the increasing R&D investments
in hardware enhancements are driving the growth of this segment. However, the
software segment is projected to grow at the highest CAGR over the forecast
period. The increasing strategic developments among automation providers and
rapid advancements in software products are the key drivers for this segment.
Based on function, the
automated material handling systems market is segmented into assembling,
picking, sorting, packaging, shipping, receiving, and storing. In 2021, the
picking segment accounted for the largest share of the overall automated
material handling systems market. This segment is also projected to record the
highest CAGR during the forecast period. The segment's large share can be
attributed to the picking systems’ increasing deployments across several
industries, the systems’ high adoption rate, growing need for automating order
fulfilment processes, rising demand for high-accuracy systems, and the rising
need to automate order fulfillment processes.
Based on end-use
industry, the automated material handling systems market is segmented into
automotive, semiconductor & electronics, general manufacturing, retail
& warehousing/logistics, aviation, chemicals, rubber, and plastics,
healthcare & pharma, food & beverage, postal & parcel, and others.
In 2021, the automotive industry segment accounted for the largest share of the
overall automated material handling systems market. The large share of this
segment is mainly attributed to the increasing need to expedite the loading and
unloading of automotive products, the growing focus on reimaging the
next-generation automobile plants, and technological developments in automated
technology and robotics. However, the healthcare & pharma industry segment
is projected to grow at the highest CAGR over the forecast period. The rapid
transformation of the healthcare sector, increasing government and private
investments, and the rising need to meet government regulations are the key
drivers for this segment.
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Based on geography,
the global automated material handling systems market is segmented into North
America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
In 2021, Europe accounted for the largest share of the global automated
material handling systems market. The large share of the European region is
attributed to the presence of the world’s leading providers of automated material
handling equipment, the companies’ increasing investments in automation, the
existence of a large automotive base, and high dependence on advanced
technologies in this region. Besides, the rising R&D investments in
robotics, easy availability of a skilled workforce, and high deployment rates
of these systems are expected to further contribute to the growth of this
market. However, the APAC region is projected to register the highest CAGR
during the forecast period due to increasing investments in several innovative
technologies, rising technology adoption, the rapidly improving manufacturing
& warehousing infrastructure, the high adoption of robotics, and the
growing presence of key players in the region.
The global automated
material handling systems market is highly fragmented in nature, comprising
several small-level companies, start-ups, and international players. These
companies are adopting different strategies to stay competitive and garner
greater market share. At present, developing new products and services is one
of the most preferred strategies adopted by the players operating in the
automated material handling systems market. However, strategic partnerships,
collaborations, and agreements are some of the other growth strategies adopted
by the leading players in this market. The majority of partnerships and
collaborations aim to broaden product portfolios, advance the technological
capabilities of existing products, and develop capabilities to cater to the
changing demands of users.
Some of the prominent
players operating in the global automated material handling systems market are
Daifuku Co., Ltd. (Japan), SSI SCHAEFER Group (Germany), Dematic (U.S.),
Honeywell Intelligrated (U.S.), Toyota Industries Corporation (Japan), Murata
Machinery, Ltd. (Japan), KNAPP AG (Austria), BEUMER Group GmbH (Germany),
Swisslog Holding AG (Switzerland), Material Handling Systems (U.S.), TGW
Logistics Group (Austria), WITRON Logistik+Informatik GmbH (Germany), Kardex
Holding AG (Switzerland), Elettric80 S.p.A. (Italy), System Logistics S.p.A.
(Italy), DMW&H (U.S.), viastore SYSTEMS GmbH (Germany), LÖDIGE Industries
GmbH (Germany), Stöcklin Logistik AG (Switzerland), and Jungheinrich AG
(Germany) among others.
TOP 10 COMPANIES IN AUTOMATED MATERIAL HANDLING SYSTEMS
MARKET
Scope of the Report:
Automated Material
Handling Systems Market, by Type
- Robotic Systems
- Conveyor & Sortation
Systems
- Conveyor Systems
- Belt Systems
- Roller Systems
- Pallet Systems
- Overhead Systems
- Other Systems
- Sortation Systems
- Automated Storage &
Retrieval Systems
- Unit-load AS/RS
- Fixed-aisle
- Movable-aisle
- Mini-load AS/RS
- Multi-shuttle Load
- Vertical Lift Module
- Carousel
- Horizontal Carousel
- Vertical Carousel
- Micro-load AS/RS
- Vehicle Systems
- Automated-guided Vehicles
- Laser-guided AGVs
- Magnet-guided AGVs
- Vision-guided AGVs
- Induction-guided AGVs
- Other AGVs
- Rail-guided Vehicles
- Palletizing & Depalletizing
Systems
- Robotic
- Automatic Conventional
Automated Material
Handling Systems Market, by Component
- Hardware
- Software
- Services
Automated Material
Handling Systems Market, by Function
- Assembly
- Picking
- Sorting
- Packaging
- Shipping
- Receiving
- Storing
Automated Material
Handling Systems Market, by End-use Industry
- Automotive
- Semiconductor & Electronics
- General Manufacturing
- Retail and
Warehousing/Logistics
- Aviation
- Chemicals, Rubber, and Plastics
- Healthcare & Pharma
- Food & Beverage
- Postal & Parcel
- Others
Automated Material
Handling Systems Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Netherlands
- Switzerland
- Poland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Malaysia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
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