Automated Material Handling Equipment Market | Industry Analysis and Market Forecast to 2024

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MarketsandMarkets Presents
Automated Material Handling Equipment Market
Industry Analysis and Market Forecast to 2024 The
automated material handling equipment market is
estimated to be valued at USD 33.46 billion in
2018 and is expected to reach USD 53.59 billion
by 2024, at a CAGR of 8.2 during 20182024. AMH
involves managing material processing with the
use of automated systems, such as robots,
automated storage and retrieval systems (ASRS),
conveyors and sortation systems, cranes, and
automated guided vehicles (AGV). The AMH
equipment is used to move, store, and control the
goods by eliminating the need for manual
operations.
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Among the major products deployed for automating
the material handling process, the AMH equipment
market for robots is expected to grow at the
highest CAGR during the forecast period. Robots
are used in assembly, machine loading, material
removal, order picking, packaging, and waste
handling in the manufacturing industries. They
help reduce cost, improve quality, minimize
waste, and save space in high-value manufacturing
areas. Implementing robots greatly increases the
efficiency and productivity of manufacturing and
warehousing companies. Moreover, the use of
robots can reduce labor cost, protect personnel
or employees from injuries, and provide a high
return on investment. The AMH equipment market
for unit load material handling systems is
expected to grow at a higher CAGR from 2018 to
2024. The unit load material handling systems
involve appropriately sized items organized into
a single unit that can be moved easily. These
systems provide quick and economical means to
move a large number of items in a single run.
These systems help reduce the damage and handling
cost, and make handling, storage, and
distribution more efficient.
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The market for packaging is expected to grow at
the highest CAGR from 2018 to 2024. The role of
packaging has become significant in the
industries such as e-commerce, food beverages,
chemicals, and pharmaceuticals. The primary
purpose of packaging is to provide protection to
the item or product as it is handled numerous
times during the order fulfillment process. The
use of AMH equipment in the packaging process
enhances the quality of packaging. The equipment
is capable of working with various packaging
designs and multiple pack sizes for different
products as well. The market for e-commerce
industry is expected to grow at the highest CAGR
during the forecast period. Rapidly changing
customer demands, increasing preference for
online shopping, growing demand for shorter
delivery times, and fierce competition among
online retailing companies have raised the demand
for automated fulfillment centers. With the
increasing adoption of AMH equipment, the online
and multichannel retailers can meet the
increasing consumer demand to shop anywhere and
at any time with fast, accurate shipments, and
outstanding customer service.
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APAC is expected to be the fastest-growing
market for AMH equipment from 2018 to 2024. Huge
domestic demand for products and services, and
significant business growth opportunities have
led to the establishment of the manufacturing and
warehousing units of various industries, such as
automotive, metals and heavy machinery, and
semiconductor electronics, in the region.
Increased emphasis on the leading economies such
as China and Japan on robotics and automation,
and growing e-commerce industry are some of the
primary factors contributing to the high share of
APAC in the AMH equipment market. ContactMarket
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