Global Automated Material Handling (AMH) Equipment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Robots, ASRS, Conveyors & Sortation Systems, Cranes, WMS, and AGV), By System Type (Unit Load Material Handling System, Bulk Load Material Handling System), By Function (Storage, Transportation, Assembly, and Others), By Industry (Automotive, Metals & Heavy Machinery, Food & Beverages, Chemicals, Healthcare, Third-Party Logistics (3PL), Semiconductors & Electronics, Aviation, and E-Commerce), By Region and Competition

The global automated material handling (AMH) equipment market is predicted to proliferate during the forecast period due to the rapid growth in of the e-commerce industry. Automated material handling (AMH) equipment is the process of automating inventory movement into, within, and out of warehouses to customers with the least amount of human intervention. In the course of an automation project, a company can get rid of labour-intensive tasks that need repeated physical labour, manual data input, and analysis. In addition, to avoid manual operations and expedite order selection procedures, warehouses deploy highly automated technology for more complicated products handling flows, comprising conveyors, automatic sorters, AGVs (Automated Guided Vehicles), a robotic picking system, and automatic palletizers. The enterprises are progressively utilizing this technology to reduce handling and storage costs, human error, enhanced data accuracy and analysis, reduced stockout events, improved customer service and order fulfilment accuracy. Numerous innovations carried out in empowering the modern warehouse with automation technology, such as cobotics, warehouse drones, mobile shelving, wireless fleet management, and supply chain as a service are enabling service providers to offer an effective solution to the enterprises that are enhancing the features of automated material handling (AMH) equipment. Automated materials handling refers to the management of material processing using automated machinery and electronic equipment. It reduces the amount of manual labor required by humans, improves the efficiency and speed with which materials are produced, shipped, stored, and handled. This can fundamentally reduce expenses, human blunder or injury, and lost hours when human laborers need weighty instruments to play out specific parts of work or can't play out the work. Some examples of commonly used automated materials handling processes, include robotics in manufacturing and toxic environments; systems for computerized inventory; machines for scanning, counting, and sorting; and equipment for shipping and receiving These assets permit people to perform work quicker, more secure, and with less requirement for extra faculty to oversee routine errands and tedious parts of delivering products from unrefined components.

The automated material handling (AMH) equipment market has witnessed significant growth in the last few years. The increase in the need for greater efficiencies to processes in fulfilment, inventory, and distribution, increasing accuracy and quality of the review, and reducing the operational cost by integrating to the automated material handling (AMH) equipment system and the growth in consumer demand for self-service operations have led to increase in product demand. This can be attributed to the developments in computing, machine learning (ML) and artificial intelligence (AI) have ushered in an era for automation in warehousing operability in the organization as the number of automations has grown higher in the recent years. Moreover, growing autonomous drones for warehouse management simplifies intralogistics and automatically checking inventories processes are also expected to witness significant demand in the future. Furthermore, automated material handling (AMH) equipment is gaining popularity as enterprises are facilitating the use of robotics in warehousing, ensuring less human interaction and more automated operations. The use of automated material handling (AMH) equipment enables organizations to deliver timely services at reduced costs enabling dependability and durability in challenging situations.

Increasing Growth of the E-Commerce Industry

The growth and popularity of e-commerce has sparked the demand for automated material handling (AMH) equipment. The spark has ignited the e-commerce service providers and operators for adopting various technologies such as automation and robotics in the warehouses. The market is expanding globally because of the numerous firms employing this automated material handling. For instance, according to comscore, digital e-commerce market in 2022 has hits around USD 1.09 trillion in the United States. Automated storage and retrieval systems (ASRS) and automatic guided vehicles (AGVs) have been accepted as a necessary automation solution by several global enterprises. (AMH) equipment technique to make the entire process more efficient and cost effective are enabling production cycles be more productive and it also, reduces waste and operating costs. Amazon, Walmart, and other large retailers are increasingly utilizing automated technologies to carry out their operations in a way that is more secure, accurate, efficient, and reliable. Moreover, Walmart agreed to acquire robotics automation company alert innovation in October 2022. Walmart and Alert have worked together for the past five years to modify Alert's material handling technology for use in Walmart's market fulfilment centers. Through the acquisition, Walmart is bringing Alert's expertise in-house for faster MFC deployment and scaling up operations. Warehouse management system (WMS) can be helpful for improving the accuracy of inventory by tracking turnover rates and prevent defective or lost items. Thus, increasing growth of the E-Commerce industry are propelling the growth of automated material handling (AMH) equipment market globally.

Growing Autonomous Drones for Warehouse Management

Autonomous drones aren't simply a futuristic technology that may be deployed in a few decades; they are now being used in several warehouses to carry out the most difficult inventory counts. Drones can be used for intralogistics and automatically checking inventories. Drone uses indoors are made possible by recent technical advancements like optical navigation and sensors. Warehouse managers may reduce tiresome and unsafe tasks by using drones for these applications. Drone-driven automated material handling (AMH) equipment is made possible to create guidance systems for drones. This can help drones to navigate safely and efficiently through the warehouse. Furthermore, the construction of scalable drone applications is made possible by the onboard processing capacity and effective algorithms. All of this demonstrates that drones have begun to play a crucial part in the automation of present warehouses. They are well-known for their capacity to fly and hover independently, navigate within, land correctly, and maybe function in fleets as well as avoid obstructions in various warehouse layouts. Inventory management, intra-logistics of commodities, as well as inspection and monitoring, are the three most potential indoor drone use cases in warehouses and logistics. Thus, growing autonomous drones for warehouse management are expected to increase the demand of automated material handling (AMH) equipment in the global market.

Growing Use of Robotics in Warehousing is Stimulating the Market Growth

The growing use of robotics for automation in warehousing is slowly becoming a trend with newer, groundbreaking technology serving as static mechanized palletizer arms in warehouse operations. As they can be helpful to mitigate the risk associated with errors, reduce overhead, speed up order fulfillment, and facilitate better inventory management; businesses are rapidly adopting robotics as an alternative for automate their warehouses. For instance, according to the Association for Advancing Automation (A3), robot sales hit new record in North America with 12,305 robots sold in Q2 2022, a 25% increase in unit orders over the same period in 2021. With resurgence in sales to automotive companies and an ongoing need to manage increasing demand to automate logistics for e-commerce, enterprises are rapidly enabling robotics and collaborative robots as an effective technology to automate the workflow without any hindrance. Additionally, large enterprises are investing heavily on automation to keep the pace with the developing economy such as amazon and Walmart investment of USD 1 billion and USD 14 billion in automated material handling (AMH) equipment solutions like robots and AI. Moreover, the workplace for material handling is also being transformed using collaborative robots (cobots). A cobot collaborates with existing employees to make their work easier and safer, not replace them. Furthermore, technical advance in the robotics for small and medium scale enterprises, such as autonomous mobile robots (AMRs) are enabling the enterprises in the operation process with sort, grab, and pick items from the warehouse floor. Therefore, the growing use of robotics in warehouses is expected to further stimulate the global automated material handling (AMH) equipment market in the forecast period.

High Implementation Costs to Restrain the Growth of AMH Market

High implementation and switching costs are restraining the market for automated material handling solutions. Due to the high initial costs of deploying automated material handling equipment, SMEs are unable to completely integrate this technology to automate their supply chain operations. In addition, to maintain the business, major enterprises are leasing the equipment, purchasing used equipment, and renting industrial trucks to reduce initial costs. Enterprises are seeing this as a hindrance to invest in advanced material handling equipment due to the high total cost of ownership that is increased by deployment, software solutions, the use of intelligent sensors, after-sales services, and routine maintenance. Therefore, small enterprises have no option left to choose manual material handling procedures as they are unable to afford automated technologies. In addition, when automation is used in the production process, smooth operations necessitate higher operational costs. The high costs of operating and maintaining these systems are expected to stifle the expansion of the automated material handling equipment market. The increasing tendency to rent out equipment because of rising capital costs may have an impact on the overall growth of the market.

Recent Advancements

·       On Jan 25, 2023, Jungheinrich AG, a German intralogistics pioneer announced the acquisition of Indiana-based Storage Solutions group (“Storage Solutions”) to gain enhanced access to the attractive U.S. warehousing and automation market. The company has entered a share purchase agreement with Merit Capital Partners, MFG Partners with an aim to acquire all the outstanding shares of storage solutions.

·        On Aug 22, 2022, Smart Robotics, a global leader in picking automation as a service for warehouses and logistics processes announced the launch of “cobot - the Smart Fashion Picker”. The system guarantees dependable and uninterrupted functioning and doesn't call for any specialized training from its users. Not to add, it can be securely used by persons of different ability levels.

Market Segmentation

Based on product, the market is segmented into robots, automated storage, and retrieval systems (ASRS), conveyors & sortation systems, cranes, warehouse management system (WMS), automated guided vehicles (AGVs). Based on system type, the market is segmented into unit load material handling system, bulk load material handling system. Based on function, the market is segmented into storage, transportation, assembly, and others. Based on industry, the market is further split into automotive, metals & heavy machinery, food & beverages, chemicals, healthcare, third-party logistics (3PL), semiconductors & electronics, aviation, and e-commerce. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Daifuku Co. Ltd, Jungheirich AG, Toyota Industries Corporation, Kion Group, Honeywell Intelligrated, Hytrol Conveyor Company Inc., SSI Schaefer AG, Crown Equipment Corporation, BEUMER Group, and Cargotec Corporation are among the major players that are driving the growth of the global automated material handling (AMH) equipment market.

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Report Scope:

In this report, the global automated material handling (AMH) equipment market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Automated Material Handling (AMH) Equipment Market, By Product:
• Robots
• Automated Storage and Retrieval Systems (ASRS)
• Conveyors & Sortation Systems
• Cranes
• Warehouse Management System (WMS)
• Automated Guided Vehicles (AGV)
• Automated Material Handling (AMH) Equipment Market, By System Type:
• Unit Load Material Handling System
• Bulk Load Material Handling System
• Automated Material Handling (AMH) Equipment Market, By Function:
• Storage
• Transportation
• Assembly
• Others
• Automated Material Handling (AMH) Equipment Market, By Industry:
• Automotive
• Metals & Heavy Machinery
• Food and Beverages
• Chemicals
• Healthcare
• Third-Party Logistics (3PL)
• Semiconductors & Electronics
• Aviation
• E-Commerce
• Automated Material Handling (AMH) Equipment Market, By Region:
• Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Spain
• Italy
• Netherlands
• Middle East & Africa
• Israel
• Turkey
• Saudi Arabia
• UAE
• South America
• Brazil
• Argentina
• Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global automated material handling (AMH) equipment market.

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With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

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