According to the research report titled ‘Global Automated Material Handling Equipment Market Size study, By Products (Robots, Automated Storage and Retrieval System (ASRS), Conveyors & Sortation Systems, Cranes, Warehouse Management System (WMS), Automated Guided Vehicle (AGV)), By System Type (Unit Load Material Handling Systems, Bulk Load Material Handling Systems), By Industry (Automotive, Semiconductor & Electronics, Metals & Heavy Machinery, Chemicals, Food & Beverages, E-commerce, Healthcare, Aviation, Third Party Logistics (3PL), Others), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global automated material handling equipment market is slated to register modest growth during 2022-2028.

Proliferating e-commerce vertical, rising popularity of the equipment among various end-use sectors, and soaring inclination for robotic solutions for warehouse automation are factors propelling the growth of global automated material handling equipment market.

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Besides, surging customization & personalization options, coupled with a complete digitization of supply chain process with the integration of Internet of Things (IoT) are further escalating industry development. 

Despite the optimistic outlook, high costs involved in integration and switching to automation, along with lack of skilled workforce for handling advanced system operations are likely to hinder the progress of the business spere during the review period. 

The report outlines the industry segments that are driving its expansion during the analysis period by sharing growth rate forecasts to give the stakeholders a true depiction of its growth potential.

Based on product type, worldwide automated material handling equipment market is split into automated guided vehicle (AGV), robots, warehouse management system (WMS), automated storage & retrieval system (ASRS), cranes, and conveyors & sortation systems. 

In terms of system type, the industry is divided into bulk load material handling systems and unit load material handling systems.  Speaking of industries, the segmentation consists of third party logistics (3PL), automotive, aviation, semiconductor & electronics, healthcare, metals & heavy machinery, e-commerce, chemicals, food & beverages, and others.

Concerning geographical arena, North America market is poised to attain a significant revenue share during the assessment period, attributed to the rapid growth of e-commerce sector, widespread presence of leading companies, and the region being an early adopter of innovative technologies. 

Meanwhile, Asia Pacific industry is speculated to register robust expansion during the forecast period, due to awareness about warehouse automation, increasing industrialization, and accelerated development in India and China, which is creating lucrative opportunities for the enterprises in the region.

The key players responsible for creating a stiff competition in global automated material handling equipment industry include names like Meiden America, Inc., Daifuku Co., Ltd., Invia Robotics, Inc., SSI Schaefer GmbH, Toyota Industries Corporation, John Bean Technologies Corporation, Hanwha Corporation, Honeywell International, Inc., Murata Machinery Ltd., and Hyster-Yale Material Handling, Inc. among others.