Technology & Telecommunications

According to a market report by Lucintel, the future of the automated material handling equipment market looks promising with opportunities in the automotive, metal & heavy machinery, food & beverage, chemical, healthcare, 3PL, semiconductor & electronics, aviation, and e-commerce end use industries. The global automated material handling equipment market is expected to reach an estimated $47.4 billion by 2028 with a CAGR of 8.1% from 2023 to 2028. The major drivers for this market are the widespread adoption of automation in industries, like e-commerce sector, rising demand for robotic solution in warehouse automations, and growing trend towards the digitization of supply chain operations while integrating with IoT.



In this market, unit load and bulk load are the two types of automated material handling equipment used by various end use industries. Lucintel forecasts that unit load will remain the larger segment over the forecast period due to its increasing application in the e-commerce sector, owing to its high-density storage, reduced aisle space, and optimization of a facility's vertical height so as to turn open air into useful storage space.



Within this market, automotive is expected to remain the largest end use industry segment due to the emerging requirement of automated technology in the automotive sector for just-in-time (JIT) delivery of supplies, improve inventory management, as well as to decrease the cost of unproductive labor.



APAC will remain the largest region due to rapid industrialization, the presence of key manufacturing hubs in Japan, and significant existence of major e-commerce buyers and sellers in China.

Daifuku, Kardex Group, KION Group, JBT, and Jungheinrich are the major suppliers in the global automated material handling equipment market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automated material handling equipment market by product, system type, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Automated Material Handling Equipment Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automated material handling equipment market by product, system type, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global automated material handling equipment market by product (robots, ASRS, conveyors & sortation systems, cranes, WMS, AGV, and others), system type (unit load material handling and bulk load material handling), end use industry (automotive, metals & heavy machinery, food & beverage, chemical, healthcare, 3PL, semiconductor & electronics, aviation, e-commerce, and others),and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?