USD 62.3 billion
Automated Material Handling Equipment Market Size, Share, and Growth Analysis
Automated Material Handling Equipment Market By Product (Robot, Automated Storage and Retrieval Systems (ASRS)), By System Type, By Software and Services, By Function, By Industry, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2390 |
Region:
Global |
Published Date: January, 2025
Pages:
190
|Tables:
103
|Figures:
66
Format -
Automated Material Handling Equipment Market Insights
Global Automated Material Handling Equipment Market size was valued at USD 62.3 billion in 2023 and is poised to grow from USD 68.78 billion in 2024 to USD 151.78 billion by 2032, growing at a CAGR of 10.4% during the forecast period (2025-2032).
The global automated material handling equipment industry is expected to benefit from the increasing trend toward smart factories. Material handling equipment is required in a warehouse or manufacturing plant for efficient product movement, stock location, order preparation, and localization. Manufacturing companies worldwide invest in new automated storage systems, retrieval systems, and other material handling equipment to improve their facilities, adopt advanced manufacturing techniques, and create new factories and warehouses to increase productivity and reduce labor costs. The market is expected to benefit from the rising adoption of automation. With advancements in motion control, robots have become more agile and precise, allowing them to creatively manipulate workpieces or products and perform a wide range of tasks. Monitoring the manufacturing process, including picking, sorting, and conveying systems, is necessary to improve efficiency and reduce waste. Smart factories integrated with automated systems enable real-time monitoring of every process. In addition, the development of artificial intelligence (AI) and automation has led to the emergence of new industry subsegments for automated material handling (AMH) equipment, which are expanding quickly compared to conventional subsegments, such as conveyors and sortation systems, and posing severe difficulties for OEMs.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
E-commerce
Fastest Growth
Pharmaceutical
Growth Rate
10.4% CAGR
Global Automated Material Handling Equipment Market ($ Bn)
Country Share for North America Region (%)
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Automated Material Handling Equipment Market Segments Analysis
Global Automated Material Handling Equipment Market is segmented by Product, System Type, Software and Services, Function, Industry and region. Based on Product, the market is segmented into Robot, Automated Storage and Retrieval Systems (ASRS), Conveyor and Sortation Systems, Autonomous Mobile Robots (AMR), Tow Vehicle, Unit Load Carrier, Pallet Truck, Forklift Truck, Hybrid Vehicles, Automated Guided Vehicles (AGV) and Others. Based on System Type, the market is segmented into Unit Load Material Handling Systems and Bulk Load Material Handling Systems. Based on Software and Services, the market is segmented into Software, Warehouse Management System, Warehouse Control System, Warehouse Execution System, Services, Maintenance and Repair, Training and Software Upgrades. Based on Function, the market is segmented into Assembly, Packaging, Transportation, Distribution, Storage and Waste Handling. Based on Industry, the market is segmented into Automotive, Metals and Heavy Machinery, Food and Beverages, Chemicals, Semiconductor and Electronics, Healthcare, Pharmaceuticals, Medical Devices, Aviation, E-Commerce and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
As per the global automated material handling equipment market analysis, the cranes and lifting equipment segment dominated the market and accounted for over 39.0% share of the global revenue in 2024. Wide utilization in various end-use industries such as construction, manufacturing, motor vehicle lifts, and lifting accessories is anticipated to drive the market for material handling equipment. Continuous handling equipment assures smooth run picking, sorting, and packaging, whereas traditional handling equipment is prone to picking errors. Another key advantage of continuous handling equipment is that it assists producers in lowering costs and shortening delivery time due to the equipment's streamlined process. The racking and storage equipment segment is estimated to expand at a CAGR of 6.8% over the forecast period as the equipment helps to increase storage capacity. Moreover, other advantages can be measured in terms of the money saved by not having to rent additional storage space, the reduced workload, and the increased throughput. Manufacturers prefer industrial trucks as they have practical features like a flat surface or forks that can be inserted under pallets or other kinds of storage platforms. Other trucks require a different piece of machinery to be used for lifting. Another benefit of industrial trucks is that they are capable of powered or manual lifting.
Analysis by End-Use
The e-commerce segment led the market and accounted for over 22.0% share of the global revenue in 2024. Factors such as increased penetration of online shopping platforms, the existence of large online merchants, and rising logistics infrastructure are expected to drive the demand for this product in the e-commerce industry. Several grocery stores have evolved into convenience stores that provide fast-food-like services, including frozen food, ready-to-eat meals, and fresh items, which has led to the rise of the food industry. The frozen food industry has radically altered the approach to manufacturing and material handling procedures. The pharmaceutical segment is estimated to register a CAGR of 6.6% during the forecast period. Pharmaceutical storage and material handling equipment provide a solution to fulfill the growing need for medicines as the prevalence of various diseases increases. These systems are put in place to increase productivity, save time, waste, labor and overall expenditure, optimize product quality, and maximize safety. A baggage handling system is a form of conveyor system seen in airports. It is used to transport checked-in luggage from ticket counters to a location where it may be loaded onto flights. This system is also responsible for moving bags from the aircraft to the baggage claim area. Thus, the increased use of baggage handling systems is fueling the growth of this product in the aviation industry.
Global Automated Material Handling Equipment Market By End-Use (%)
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Automated Material Handling Equipment Market Regional Insights
As per the automated material handling equipment outlook, North America is dominating during the forecast period. North America is a hub of technological innovation, driving the development of new and more advanced AMH equipment. Companies in the region are investing heavily in research and development to create more efficient, flexible, and intelligent systems. For instance, in March 2023, ABB announced the expansion of a manufacturing facility in Auburn Hills, Michigan, subsequently expanding the installation of AMH equipment. The expansion of the Auburn Hills facility is expected to create new job opportunities in the region, further strengthening ABB's contribution to the local economy.
The Asia Pacific region in the automated material handling equipment market held the largest revenue share of 39.3% in 2024. The market has been experiencing significant growth in recent years, attributed to several factors, including the increasing demand for automated material handling systems across various industries such as e-commerce, automotive, and food & beverage. Significant players such as Daifuku, Toyota Industries, and SSI Schaefer are also driving the market's growth in the Asia Pacific region. For instance, in July 2022, China-based JAKA Robotics successfully raised USD 150 million through a Series D funding round, which it plans to utilize to expand its global presence and conduct research and development activities to develop next-generation collaborative robots.
Global Automated Material Handling Equipment Market By Geography
- Largest
- Fastest
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Automated Material Handling Equipment Market Dynamics
Drivers
Rising E-commerce Industry is Favoring Market Growth
- The e-commerce is growing at a rapid pace across the globe resulting in huge demand for process automation. Key vendors such as Amazon, Walmart, and others are increasingly integrating automated solutions to carry out operations in a manner that is efficient, precise, cost-effective, and safe. For instance, in January 2020, Amazon signed up a deal with Baylo, a French robotic software startup. This commercial agreement will add value to design and develop innovative robotic solutions for material handling trucks. This strategic move will enhance Amazon’s warehouse material handling functioning, further easing the e-commerce business.
Increasing E-Commerce and Implementation of AGVs
- During the global COVID lockdown, growth in demand for grocery and food items delivery and distribution has given manufacturers higher hopes. Additionally, the growth across e-commerce sector and promotion of online shopping necessitates huge automation. Thus, e-commerce giants operating in the industry such as Amazon, Walmart, Flipkart, and other operational retailers, are gradually integrating automated guided robots, forklifts, and other automated material handling tools in their operations. This added upgradation is helping e-commerce retailers to make more precise, secure, and cost-effective delivery while minimizing labor resources.
Restraints
High Integration and Switching Costs of Automated Material Handling Equipment
- The challenging factor for the market is the massive investments required at the initial stage. The associated costs are mainly installation, integration of intelligent sensors and software solutions, after sales services and timely maintenance increases the overall ownership costs, making it difficult for companies to invest in AMH equipment. Also, small and medium enterprises find it difficult to switch from conventional material handling to automated products owing to low production output and investment returns, restructuring of existing warehouses, facility designs, and others.
High Initial Investment and Frequent Maintenance are Probable Restraints to the Market Growth
- Automation is the need for the current fast-paced logistics and e-commerce sector, and automated handling equipment fits right into it. Although, the high initial investment in integrating material handling equipment across warehouses for procurement, installation, and packaging that involves complex accessories, programming, and other services is restricting the market growth. This constraints businesses, particularly Small and Medium-sized Enterprises (SMEs). As a result of the low-volume manufacturing & delayed Return on Investments (ROI), many businesses need help to raise huge amounts of cash. High maintenance costs are also a stumbling block to the expansion of the global market.
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Automated Material Handling Equipment Market Competitive Landscape
The automated material handling equipment industry is characterized by fierce competition between global and regional players striving for innovation, efficiency and technological advancements. Major players such as Kion Group and Daifuku are expanding their businesses by acquiring small businesses and other start-ups to enhance their capabilities. Companies like Dematic and Honeywell are introducing AI-integrated material handling systems to improve automation, flexibility and efficiency. Collaborations between equipment manufacturers and end-users, such as Toyota Material Handling and the Microsoft partnership, support innovation in robotics and warehouse management.
Top Players in Automated Material Handling Equipment Market
- Daifuku (Japan)
- Murata Machinery (Japan)
- Dematic (Germany)
- Honeywell Intelligrated (USA)
- SSI Schaefer (Germany)
- Swisslog (Switzerland)
- Knapp AG (Austria)
- TGW Logistics Group (Austria)
- Vanderlande (Netherlands)
- Mecalux (Spain)
- Bastian Solutions (USA)
- Witron Logistik + Informatik GmbH (Germany)
- Beumer Group (Germany)
- Hyster-Yale Materials Handling (USA)
- Crown Equipment Corporation (USA)
- Kardex Group (Switzerland)
Recent Developments
- In March 2024, AMR specialist Rockwell Automation OTO Motors unveiled its involvement in autonomous production logistics, a leading area of innovation.
- In February 2023, ArcBest Corporation announced the introduction of an autonomous truck and a forklift that can also be operated remotely. These AMR devices are integrated into software, allowing remote control by human operators. A mode system is provided that enables autonomous and manual operation.
- In August 2023, ANYBotix AG expanded its footprint in Canada by selecting Microwatt Control as a reselling partner. This collaboration between ANYbotics AG and MicroWatt Controls highlights the growing need for industrial robotics research in the region, especially in the chemical, oil & gas, energy and mining sectors emphasize.
Automated Material Handling Equipment Key Market Trends
- Evolution of Industry 4.0 and Smart Factories is Fueling Product Demand: The rising trends towards smart factories are anticipated to boost the market. The entire manufacturing floor including picking, sorting, and conveying systems require monitoring at every level of process to gauge the operational efficiency and reduce wastages. In such scenarios, smart factories integrated with automated systems enable monitoring of every process. Also, various intuitive technologies embedded in material handling systems such as cloud connectivity and data analytics improve asset performance and provide actionable information in real-time.
- Adoption of Autonomous Mobile Robots (AMRs) and Integration of Data Analytics to Propel Market Growth: The adoption of robots has reshaped the operations and production processes across the material handling sector. Manufacturing facilities are rapidly adopting automated mobile robots in their production facilities to maximize productivity. Consequently, the high adoption of this equipment across the supply chain vertical maximizes profits for the delivery partners. Furthermore, with the growing demand for automation and usage of robots growing, demand for more automated products will lead the industry.
Automated Material Handling Equipment Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, automated material handling equipment market is witnessing significant growth due to increasing adoption of automation in industries such as e-commerce, automotive and manufacturing. Drivers such as demand for increased productivity, reduced labor costs and rise in smart workstations are driving the market expansion. However, challenges such as the size of the initial investment and complex integration processes can restrict growth for SMEs. Major technological developments in AI, IoT and robotics are changing the market landscape, enabling ease of operation and predictable maintenance. The market is poised for significant growth in the coming years with continued growth and the growing need for more efficient supply chain solutions.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 62.3 billion |
| Market size value in 2032 | USD 151.78 billion |
| Growth Rate | 10.4% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automated Material Handling Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automated Material Handling Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automated Material Handling Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automated Material Handling Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automated Material Handling Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automated Material Handling Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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