26 C
New York
Monday, June 24, 2024
HomeResearchAutomated Material Handling (AMH) Equipment Market Expected to Reach USD 57.94 Bn...

Automated Material Handling (AMH) Equipment Market Expected to Reach USD 57.94 Bn Driven by Growth in Manufacturing and E-commerce


Related stories


The Automated Material Handling (AMH) Equipment Market Size was valued at USD 25.88 billion in 2023. It is projected to reach USD 57.94 billion by 2031.

Download Sample Copy of Report: https://www.snsinsider.com/sample-request/2451 

Some of Major Keyplayers in this Report:

  • Daifuku Co. Ltd.
  • Siemens AG
  • Bosch Rexroth
  • Murata Machinery Ltd.
  • Swisslog Holding AG
  • SSI Schaefer AG
  • Dematic Group S.A.R.L
  • Toyota Industries Corporation
  • JBT Corporation
  • Bastian Solutions, Inc.

A significant driver, at 42%, is the rising cost of labor coupled with growing safety concerns.

Companies are increasingly looking to automate repetitive tasks to reduce workplace injuries and compensate for a shrinking labor pool. Moreover, 68% of manufacturers cite the need to enhance efficiency and productivity as a key motivator for AMH adoption. This translates to faster turnaround times, improved order fulfillment, and a competitive edge.

The trend aligns perfectly with Industry 4.0 principles, with 72% of growth in the AMH market expected to originate from the automotive sector alone. Here, automation streamlines assembly lines, optimizes warehousing, and boosts quality control, making it vital for building complex vehicles efficiently.

Major Challenges:

A typical Automated Guided Vehicle (AGV) can cost anywhere from $60,000 to $100,000, and integrated systems with advanced features can be much steeper. This translates to a significant initial hurdle, particularly for small and medium enterprises (SMEs) who may find the return on investment (ROI) difficult to justify. This is further compounded by the challenge of switching costs. Integrating AMH equipment often necessitates restructuring existing warehouses and facilities, leading to additional expenses and disruption. Moreover, a skilled workforce is crucial to operate and maintain these complex systems.

A growing trend is the integration of AMH with e-commerce fulfillment centers, where automation can address the challenge of spiking order volumes and rapid product diversification.

Studies indicate a potential 40% improvement in picking efficiency through the use of robotic picking systems. Also, the expanding autonomous mobile robot (AMR) segment offers a 35% reduction in floor space requirements compared to traditional fixed automation solutions. This resonates with businesses in industries with limited real estate footprints, such as urban logistics hubs.

Enquiry Before Buy: https://www.snsinsider.com/sample-request/2451 

According to SNS Insider By Application the most attractive segment.

E-commerce dominates, holding the largest market share at around 18%. This rise is driven by the ever-growing demand for fast and efficient fulfillment, where AMH systems like automated storage and retrieval systems (ASRS) and autonomous mobile robots (AMRs) excel. F&B follows closely at roughly 16%, leveraging AMH for streamlined production processes. Healthcare account for 15%, utilizing conveyors, sorters, and palletizers to optimize space and expedite order picking.

Asia Pacific dominates, projected to capture the largest market share due to its booming economies and fervent adoption of automation across industries.

This region, particularly China and India, is experiencing a surge in sectors like manufacturing, e-commerce, and automotive, all heavily reliant on efficient material handling. North America follows closely, driven by mature automation infrastructure and a strong focus on labor productivity. Here, a significant 35% of the market is expected to be driven by the automotive industry alone. Europe, with its established industrial base and growing emphasis on Industry 4.0, represents another key market. Though currently behind Asia Pacific, Europe is projected to experience a growth rate of 28% in warehousing automation by 2031, indicating a significant shift towards AMH solutions.

Recent Developments:

  • Traditional players like Rockwell Automation are making strategic acquisitions, with their recent purchase of OTTO Motors solidifying their presence in the booming AMH sector by 35%
  • This focus on AMHs is echoed by THiDAR Robotics, who unveiled their next-generation models boasting advanced AI navigation, targeting a 20% reduction in deployment time for complex environments.
  • Established names like Toyota Material Handling are pushing the boundaries of automation in warehouse vehicles with the launch of remote-controlled and autonomous reach trucks and forklifts, addressing labor shortages plaguing the industry by an estimated 12%.

Buy Complete Report: https://www.snsinsider.com/checkout/2451 

Key Takeaways:

  • Automation significantly reduces reliance on manual labor, translating into potential cost savings of up to massive reductions within the first year.
  • AMH systems boast impressive accuracy, minimizing waste and damage to materials. This translates to financial savings and a more sustainable operation.
  • AMH promotes a safer work environment by minimizing human error in material handling processes. Beyond cost savings, AMH offers scalability, allowing businesses to evolve their systems alongside their growth.

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we’re proud to be recognized as one of the world’s top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

Contact Us:

Akash Anand – Head of Business Development & Strategy


Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)


- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories