Asia-Pacific Leads Automated Material Handling Market Growth
The global automated material handling equipment market was valued at USD 30.9 billion in 2024 and is projected to reach USD 56.8 billion by 2030, progressing at a CAGR of 10.6% during 2024–2030. This growth is fueled by increasing demand for enhanced order accuracy, optimized supply chain efficiency, superior customer service, and expanding warehousing operations. The integration of robotics in material handling further accelerates market expansion.
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The rising adoption of Industry 4.0, IoT, and industrial automation is simplifying the deployment of automated systems, offering lucrative opportunities for businesses in the automated material handling (AMH) sector. Organizations are actively investing in advanced automation technologies, including robotics, automated storage and retrieval systems (ASRS), cranes, automated guided vehicles (AGVs), and warehouse management systems (WMS), to enhance productivity, reduce assembly times, and optimize operational efficiency.
Additionally, cloud connectivity and data analytics
integrated into material handling systems are improving asset performance,
enabling real-time monitoring and diagnostics, and minimizing commissioning
times. The increasing adoption of smart factories is further boosting demand
for automated solutions for picking, sorting, and transporting goods, making
automation a critical component in modern industrial operations.
Key Insights
- E-commerce
sector is projected to expand at a CAGR of approximately 9%, driven by the
rising adoption of ASRS, expanding e-commerce platforms, and enhanced
logistics infrastructure.
- China
and India are key markets for e-commerce growth, supported by rising per
capita income and increasing consumer spending.
- Healthcare
sector is set for substantial expansion, backed by private and government
investments in automation, an expanding healthcare provider base, and
growing populations in emerging economies.
- Automotive
industry is witnessing strong growth due to ASRS usage in storage and
parking, increased vehicle production, rising demand for electric and
hybrid vehicles, and automation adoption for reducing product damage and
improving handling efficiency.
- Food
& beverage industry continues to be a significant revenue contributor,
fueled by global population growth, increasing demand for packaged and
frozen foods, and expanding globalization trends.
- Warehouse
Management Systems (WMS) market is forecasted to grow at a CAGR of 9.1%,
supported by rising warehouse construction, increasing freight costs, and
the adoption of cloud-based solutions by retailers and e-commerce
businesses.
- Conveyors
& sortation systems segment, which held a significant revenue share in
2022, is expected to sustain its dominance due to its crucial role in
manufacturing and distribution for material conveyance and product sorting.
- Growing
industrial operations across manufacturing, wholesale, retail, and
distribution sectors are driving demand for conveyors and sortation
systems in the automated material handling market.
- Automated
Guided Vehicles (AGVs) segment, which had a substantial revenue share in
2022, will continue to grow due to industrialization, customization
requirements, and the focus on productivity and safety in supply chain
operations.
- Increasing
use of automated forklifts and tow/tractors is driven by the need for
precise handling, efficient stacking/unstacking, and intralogistics
operations.
- Unit
load material handling segment is anticipated to maintain its market
dominance, supported by smart factory trends, rising factory automation,
and efficient product distribution and storage needs in the manufacturing
sector.
- The Asia-Pacific
(APAC) region led the market with a 42% revenue share in 2022 and is
expected to continue its dominance, driven by rising manufacturing
facilities, smart factory adoption, urbanization, and enhanced material
handling techniques.
- Key contributors to APAC's market growth include China, India, Japan, and South Korea, where industrial expansion, infrastructure investments, and increased demand for warehouse automation are driving market expansion.
- Europe is poised for notable market growth due to advanced technology adoption, the presence of key industry players, and a strong industrial manufacturing base.
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