Global Automated Material Handling Equipment Market to Reach $59.5 Billion by 2026 | News

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SAN FRANCISCO, March 16, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Automated Material Handling Equipment – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.

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Editing: 19; Published: February 2022

Executive Pool: 35541

Companies: 262 – Players covered include Bastian Solutions; BEUMER Group GmbH & Co. KG; Daifuku Co., Ltd. ; Flexlink AB; Honeywell Intelligrated; Hydrol Conveyor Co., Inc.; Jungheinrich AG; Kardex AG; KION Group SA; Mecalux, SA; Murata Machinery, Ltd. ; SSI SCHAEFER; Swisslog Holding AG; Toyota Industries Corporation; Vanderlande Industries Nederland BV and others.

Blanket: All major geographies and key segments

segments: Product type (robots, automated storage and retrieval systems (ASRS), conveyors and sorting systems, cranes, other product types); Type of system (unit load material handling systems, bulk load material handling systems); Function (storage, transport, distribution, packaging, assembly, waste management); End use (automotive, metals and heavy machinery, food and beverages, chemicals, semiconductors and electronics, healthcare, aviation, e-commerce, other end uses)

Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia Pacific; Rest of the world.

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ABSTRACT-

Global Automated Material Handling Equipment Market to Reach $59.5 billion by 2026

Automated materials handling aims to eliminate manual labor for material handling operations such as moving, sorting, organizing, and retrieving materials. Automated material handling offers an accurate, efficient and cost-effective approach to faster and easier movement of materials/goods throughout the facility. Adapting manufacturing to the COVID-19 crisis will require automation and Industry 4.0, which in turn will significantly increase the growth potential of the manufacturing automation market. Technologies such as automated assembly lines, real-time factory monitoring equipment, and manufacturing data collection systems will gain traction among industrial companies looking to run their facilities with fewer people. Automated material handling equipment such as robotic systems find extensive use in the aerospace industry. The use of automated baggage handling systems is gaining prominence in airports, owing to the growing need for security and the subsequent adoption of strict guidelines to ensure the same. Material handling in the automotive industry primarily includes automated handling systems such as robots that are used for spot welding and related tasks. Food industry players are increasingly using automated systems for a range of manufacturing, packaging and distribution operations.

Amid COVID-19 crisis, Global Automated Material Handling Equipment Market estimated at US$43.8 billion in 2022, is expected to reach a revised size of US$59.5 billion by 2026, growing at a CAGR of 7.2% over the analysis period. Robots, one of the segments analyzed in the report, is expected to register a CAGR of 9% and reach 30 billion US dollars at the end of the analysis period. After in-depth analysis of the business implications of the pandemic and induced economic crisis, Automated Storage and Retrieval Systems (ASRS) segment growth is readjusted to a revised CAGR of 6.4% for the next 7-year period . Robots are becoming viable options for tasks where there is considerable risk to humans. Material handling robots can be used to feed, transfer or disengage tools and parts from one location or machine to another. The ability of robots to work around the clock without fatigue has extended the use of robotics in packaging applications. An ASRS is the combination of multiple pieces of equipment and equipment controls that not only store and handle but also retrieve materials with a defined level of automation. ASRS can significantly save labor costs and also meet the specialized storage needs of warehouses. Modern ASRS are also suitable for temperature controlled product storage and retrieval.

The US market is estimated at $8.2 billion in 2022, when China is expected to reach $14.2 billion by 2026

The Automated Material Handling Equipment Market in the United States is estimated at US$8.2 billion in the year 2022. Chinathe second largest economy in the world, is expected to reach a projected market size of US$14.2 billion by 2026 with a CAGR of 8.3% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 5.9% and 6.7% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 6.5%.

Conveyors and sorting systems Segment to reach $8.3 billion by 2026

Automated conveyor systems are useful for the repeated transportation of raw materials or finished products or components through distribution centers or production facilities. Sorting systems, on the other hand, are used to merge, identify, introduce, separate and transport products to particular destinations. The use of conveying and sorting systems facilitates greater efficiency in manufacturing, wholesale, retail and distribution functions. These systems reduce labor costs because large volumes of products or materials can be sorted quickly. In the global Conveyors and Sorting Systems segment, United States, Canada, Japan, China and Europe will drive the CAGR of 5.4% estimated for this segment. These regional markets representing a combined market size of US$4.7 billion will reach a projected size of US$6.8 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$1.3 billion by 2026. Continued

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