Automated Material Handling Equipment Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

November 02 20:09 2022
Automated Material Handling Equipment Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
DataM Intelligence
Automated Material Handling Equipment Market is estimated to reach a high CAGR of 9.10% during the forecast period (2022-2029).

Market Overview:

The automated Material Handling Equipment Market reached USD million in 2021 and is expected to record an enormous boom by accomplishing up to USD million by 2029, growing at a CAGR of 9.10% all through the forecast period (2022-2029).

AMH refers to any automation that lessens or does away with the want for people to test objects inside and outside-arrange substances or shipping totes and containers storing library contents. Check-in gadgets, sorters, conveyors, singulators, stackers & unstackers, totes, bins, trolleys, and tote companies are a few examples of the mechanical equipment utilized in AMH systems.

An AMHS makes use of conveyors, vertical elevators, and independent vehicles to move cloth utilizing route and process step statistics given via the MES. The position of material or service for shipping through the AMHS is determined using diverse technologies, including RFID, barcoding, optical person reputation (OCR), close-to-field communication or extremely-wideband indoor tracking.

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Market Dynamics:

The e-trade area’s growing use of computerized technology

The e-commerce industry is booming because of the extraordinary boom in online consumers following the emergence of COVID-19. In response to the COVID-19 epidemic, the imposition of social distance rules, lockdowns and other precautions has precipitated purchasers to choose on-line shopping. As a result, there has been a rise in enterprise-to-client and enterprise-to-business e-commerce. The rise in B2C income is maximally visible in online sales of medications, family objects, and meals.

However, such speedy enlargement within the e-commerce industry has positioned great stress on corporations to collect and supply much merchandises in a short duration. As an end result, e-trade firms have covered automation of their operations. Mini hundreds or shuttles deliver a case or tote to a goods-to-operator pickup station, the maximum efficient way to method orders. Most distribution centers function on the operator-to-items precept, which states that the operator must visit to reap the product.

Market Segmentation:

By Product 

  • Robots
  • Automated Storage and Retrieval System
  • Conveyor and Sortation System
  • Cranes

By System 

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

By End-User 

  • Automotive*
  • Aviation
  • Chemicals
  • Semiconductors and Electronics

Competitive Landscape 

The automated material handling sector is highly fragmented and competitive. Product releases, substantial expenditure on R&D, partnerships & acquisitions and so on are the primary growth methods these organizations use to stay competitive. Major market companies include Daifuku Co. Ltd., Kardex Group, KION Group, KNAPP AG, JBT Corporation, Jungheinrich AG, TGW Logistics Group GmbH, SSI Schaefer AG, Mecalux SA, and System Logistics S.p.A.

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