Frequently Asked Questions
The global automated material handling equipment market was valued at USD 29.8 Billion in 2022.
The automated material handling equipment market is expected to grow at a CAGR of 8.70% between 2023 and 2030, reaching USD 53.44 Billion in 2030.
Robots are the leading segment by material, holding over 24% share in terms of value in 2022.
The unit load material handling segment governs the demand for automated material handling equipment in the world, holding a massive share of over 60% in 2022.
The 3PL segment is expected to post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the automated material handling equipment industry, with an over one-third share in 2022.
The top players include SWISSLOG HOLDING AG, SIEMENS AG, DEMATIC GROUP S.A.R.L., DAIFUKU CO. LTD., JBT CORPORATION, TOYATA INDUSTRIES CORPORATION, SSI SCHAFER AG, BASTIAN SOLUTIONS, INC., MURATA MACHINERY, LTD., BOSCH REXROTH.
The rising demand for automated material handling equipment in the e-commerce industry and prospective growth prospects in the healthcare industry are the major market drivers.
Its high initial installation costs are the major market restraints.
Rising industrialization in emerging regions, a booming e-commerce industry, and expanding technical partnerships are the major opportunities in the automated material handling equipment industry.