Automated Material Handling (AMH) Equipment Market to be Dominated by the Growing Automated Storage and Retrieval Systems (ASRS) in the Warehouse Sectors across the Globe through 2028

Increasing growth of the e-commerce industry is driving the implementation of the automated material handling (AMH) equipment market.

According to TechSci Research report, “Automated Material Handling (AMH) Equipment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” The global automated material handling (AMH) equipment market is growing due to the rapid growth in of the E-Commerce Industry. Manufacturers are significantly integrating new technologies, including internet of things, cloud computing, analytics, artificial intelligence, and machine learning into their production facilities and throughout their operations to cater the customer needs and market requirements. Moreover, the growing autonomous drones for warehouse management and the growing collaboration within enterprises for simplifying the warehouse processes are further attributed to the growth in global automated material handling (AMH) equipment market.

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. Enterprises are progressively using automated solutions to eliminates errors and improves technology investments and hyperautomates digital workflows. The digital transformation and Industry 4.0 continue to revolutionize the way companies manufacture, improve, and distribute products. Automation does also play a great role in enterprise solutions for streamlining business operations, maximizes workforce capacity and efficiency, eliminates errors, and improves technology investments and hyperautomates digital workflows. Furthermore, automated material handling (AMH) equipment can also assist in lowering the cost of difficulties caused by human mistakes. Growing autonomous drones, cobotics, and modernization for warehouse management simplifies intralogistics and automatically checking inventories processes that are also expected to witness significant demand in the future.

With the outbreak of the coronavirus pandemic, automated material handling (AMH) equipment technology has been rapidly deployed by numerous enterprises to minimize or eliminate the manual workload within the warehouse and logistics. Despite the temporary reduction in e-commerce and retail caused by the lockdown imposition and economic distress in the coronavirus pandemic, there is an increase in the automated material handling (AMH) equipment and robotics technology. As various businesses such as retail and e-commerce stores have implemented automation technologies in the warehouse to further cater the demand by the customers during the pandemic. Moreover, with the enormous benefits of automated material handling (AMH) equipment, the service providers and operators have seen an accelerating growth in the adoption of advance automated technology to overcome burden of customer preference along with the minimal availability of service providers during the pandemic.

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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.

The e-commerce segment dominated the automated material handling (AMH) equipment market in 2022 and is expected to maintain its dominance during the forecast period, owing to the widespread usage of these equipment in e-commerce facilities and the increased vendor knowledge of the robotics of various e-commerce fulfilment issues. Because of the rise in e-commerce activity and the spread of robot’s technology in e-commerce warehouses, automated material handling (AMH) equipment applications are also becoming increasingly popular in the e-commerce industry. Hence, it is anticipated that these advantages provided by automated material handling (AMH) equipment to e-commerce fulfilment centers would obtain a sizable profit share throughout the projection period, accelerating the segmental growth.

The automated storage and retrieval systems (ASRS) segment is expected to register lucrative growth during the forecast period. This category comprises stacker cranes, which are renowned for their capacity and agility while storing and retrieving goods from the racks, for both boxes (miniload) and pallets. Pallets are automatically inserted into and removed from the racks by trilateral ASRS stacker cranes as they travel vertically and horizontally through the storage lanes. Due to their numerous benefits, which are anticipated to propel market revenue development, companies with significant inbound and outbound flows of products are investing in cutting-edge storage robots. Automated storage and retrieval systems are assisting in reducing the variable cost of operations by removing the need for manual labor for tasks like picking, storing, assembling, and inventory replenishment. Furthermore, automated guided vehicles (AGVs) and warehouse management system (WMS) by product is expected to acquire high traction in the automated material handling (AMH) equipment market owing to the growing utilization of such vehicles for movements of goods and predetermined and programmed capability to travel within distant points.

Key market players in the global automated material handling (AMH) equipment market include:

• Daifuku Co. Ltd
• Jungheinrich AG
• Toyota Industries Corporation
• Kion Group
• Honeywell Intelligrated
• Hytrol Conveyor Company Inc.
• SSI Schaefer AG
• Crown Equipment Corporation
• BEUMER Group
• Cargotec Corporation

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“The North America region shows substantial growth prospects for automated material handling (AMH) equipment which can be attributed to the significant benefits it offers to enterprises, including improved customer satisfaction, augmented staffing, increased accuracy, reduced operating costs, and enhanced operating efficiency. The automated material handling (AMH) equipment is gaining traction and is expanding to various countries in North America, including the United States, Canada, and Mexico. Owing to the early adoption of technologies such as drones, robotics, artificial intelligence, and cloud-computing coupled with the presence of enormous enterprises in the country, the United States leads the market and is expected to continue its dominance in global automated material handling (AMH) equipment market during the forecast period as well,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Automated Material Handling (AMH) Equipment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F 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”, has evaluated the future growth potential of automated material handling (AMH) equipment and provides statistics and information on market structure, size, share, and future growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global automated material handling (AMH) equipment market.

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