出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年5月
Automated Material Handling Equipment Market – Global Forecast to 2029
自動マテリアルハンドリング装置市場 : 製品（自律移動ロボット、コボットパレタイザー、自動保管・回収システム、コンベヤシステム、倉庫管理システム、無人搬送車）、地域別 – 2029年までの世界予測
Automated Material Handling Equipment Market by Product (Autonomous Mobile Robots, Cobot Palletizers, Automated Storage & Retrieval Systems, Conveyors Systems, Warehouse Management System, Automated Guided Vehicles), Region – Global Forecast to 2029
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Report Overview
The global Automated Material Handling Equipment market size is anticipated to grow from USD 33.3 billion in 2024 to USD 51.0 billion by 2029, at a CAGR of 8.9% from 2024 to 2029.
世界の自動マテリアルハンドリング機器市場規模は、2024年から2029年まで8.9%のCAGRで、2024年の333億米ドルから2029年までに510億米ドルに成長すると予想されています.
The e-commerce industry is booming due to a surge in online shoppers, driving both B2C and B2B sales. To meet the escalating demand and ensure timely delivery, e-commerce companies are turning to automation, particularly ASRS systems. These systems streamline order processing by automatically bringing products to operators, enhancing efficiency, and managing diverse product SKUs. ASRS technology optimizes inventory management, improves order accuracy, and speeds up fulfillment, aided by advancements such as AI integration. This automation reduces errors, maximizes warehouse space, and boosts customer satisfaction, fueling the growth of the ASRS market in e-commerce.
“ASRS to account for the largest share of the Automated Material Handling market in 2024.”
Automated Storage and Retrieval Systems (ASRS) are projected to dominate the automated material handling market, claiming the largest share. ASRS technologies revolutionize warehouse operations by automating the storage and retrieval of goods, utilizing advanced robotics, conveyors, and software. Their ability to efficiently manage diverse product SKUs and lead times makes them indispensable in meeting the increasing demands of various industries, particularly e-commerce, manufacturing, and logistics. ASRS solutions streamline order processing, enhance inventory management, and ensure precise order fulfillment, thereby driving their widespread adoption and market dominance. Continuous advancements, such as the integration of AI and machine learning algorithms, ASRS systems are expected to further solidify their position as the leading solution for automated material handling in 2023 and beyond.
“Third Party logistics (3PL) is expected to grow at the highest CAGR in the Automated Material Handling market during 2024-2029.”
During the forecast period from 2024 to 2029, the Third-Party Logistics (3PL) segment is expected to undergo the highest CAGR. These 3PL providers play a significant role in driving advancements in the Automated Material Handling Equipment (AMHE) market by leveraging technologies to optimize supply chain operations. Businesses are increasingly turning to 3PL providers to outsource their logistics functions, allowing them to concentrate on core competencies while benefiting from the specialized expertise and resources provided by these companies.
3PL firms manage warehouses equipped with advanced technologies such as Automated Storage and Retrieval Systems (ASRS), conveyor systems, and robotic pickers, facilitating efficient handling of goods, optimizing space utilization, and reducing labor costs. 3PL companies offer value-added services like kitting, labeling, packaging, and assembly, leveraging AMHE technologies to deliver customized solutions tailored to meet the unique requirements of each client. Consequently, 3PL providers are poised for robust growth in the Automated Material Handling Equipment market as they continue expanding their service offerings and adapting to the evolving needs of the industry.
“Asia Pacific is expected to grow at the highest CAGR in the the Automated Material Handling market market during 2024-2029.”
The Asia Pacific region is expected to lead in the Automated Material Handling Equipment market with the highest CAGR, propelled by several key factors. Rapid industrialization and urban expansion in the region are creating a demand for efficient material handling solutions to support the expanding manufacturing and logistics sectors. The booming e-commerce industry in Asia Pacific, driven by a growing middle class and increasing internet connectivity, is fueling the need for advanced AMHE technologies to meet the escalating demands of online retail. Governments in China, India, and Japan are actively promoting automation and Industry 4.0 initiatives to enhance productivity and competitiveness in manufacturing and logistics. This involves offering incentives for the adoption of AMHE solutions such as Automated Guided Vehicles (AGVs), Automated Storage and Retrieval Systems (ASRS), and robotics. Economic growth and substantial investments in infrastructure projects, including the development of smart cities and logistics hubs, are accelerating the adoption of AMHE technologies to improve efficiency and optimize supply chain operations. With numerous manufacturing facilities and distribution centers in industries like automotive, electronics, and consumer goods, the increasing adoption of automation is expected to drive significant growth in the Asia Pacific AMHE market in the foreseeable future.
Break-up of the profiles of primary participants:
- By Company Type – Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
- By Designation – C-level Executives – 35%, Directors – 45%, and Others – 20%
- By Region – North America – 30%, Europe – 25%, Asia Pacific – 35%, and RoW – 10%
Key players profiled in this report
Daifuku Co, Ltd. (Japan), KION GROUP AG (Germany), SSI SCHAEFER (Germany), TOYOTA INDUSTRIES CORPORATION (Japan) and HONEYWELL INTERNATIONAL INC. (US) are the key players in the Automated
Material Handling Equipment market. These leading companies possess a robust portfolio of products and services, establishing a strong presence in established and emerging markets. The study provides a comprehensive competitive analysis of these key players in the Automated
Material Handling Equipment market, presenting their company profiles, recent developments, and key market strategies.
Research Coverage
This report offers detailed insights into the Automated Material Handling Equipment market based on Product (Robot, ASRS, Conveyor & Sortation systems, Crane, AGV, WMS, RLTS), Industry (Automotive, Chemical, Aviation, Semiconductor & Electronics, E-Commerce, Food & Beverage, Healthcare, Medical Devices, Pharmaceuticals, Metals & Heavy Machinery, 3PL), System type (Unit Load, Bulk Load), and Region (North America, Europe, Asia Pacific, and Rest of the World which includes the South America, Middle East and Africa and Africa).
The report also comprehensively reviews the Automated Material Handling Equipment market drivers, restraints, opportunities, and challenges. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reasons to buy the report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the Automated Material Handling Equipment market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Increasing penetration of automated storage and retrieval systems into e-commerce industry,Increasing number of startups offering robotic solutions for warehouse automation, Rising demand for automated material handling equipment (AMHE) in various industries, High labor costs and satety concerns, Paradigm shift toward mass customization from mass production, Demand for lean manufacturing and Just-In-Time (JIT) practises), restraints (Requirement for high capital by small and medium-sized enterprises (SMEs) to deploy automated material handling equipment, High integration and switching costs, Inadequate technical expertise to manage system operations, Integration complexites), opportunities (Growing extent of order customization and personalization,
Industry 4.0 integration with automated material handling equipment, Substantial industrial growth in emerging economies, Expanding intralogistics sector in Southeast Asia, Potential growth prospects in healthcare industry, Integration with loT and data analytics) and challenges (Production and revenue losses attributed to unwanted equipment downtime, Technical challenges related to sensing elements, Development of flexible and scalable automated material equipment with constant technological advancements).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Automated Material Handling Equipment market .
• Market Development: Comprehensive information about lucrative markets – the report analyses the Automated Material Handling Equipment market across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Automated Material Handling Equipment market .
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Daifuku Co, Ltd. (Japan), KION GROUP AG (Germany), SSI SCHAEFER (Germany), TOYOTA INDUSTRIES CORPORATION (Japan) and HONEYWELL INTERNATIONAL INC. (US) are the key players in the Automated Material Handling Equipment market among others.
Table of Contents
1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 INCLUSIONS AND EXCLUSIONS 28
1.4 STUDY SCOPE 28
1.4.1 MARKETS COVERED 28
FIGURE 1 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: SEGMENTATION 28
1.4.2 REGIONAL SCOPE 29
1.4.3 YEARS CONSIDERED 29
1.5 CURRENCY CONSIDERED 30
1.6 STAKEHOLDERS 30
1.7 LIMITATIONS 30
1.8 SUMMARY OF CHANGES 30
1.9 IMPACT OF RECESSION 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 2 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 32
FIGURE 3 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.1.1 List of major secondary sources 34
2.1.1.2 Key data from secondary sources 35
2.1.2 PRIMARY DATA 35
2.1.2.1 Interviews with experts 36
2.1.2.2 Breakdown of interviews with experts 36
2.1.2.3 Key data from primary sources 37
2.1.3 SECONDARY AND PRIMARY RESEARCH 38
2.1.3.1 Key industry insights 39
2.2 MARKET SIZE ESTIMATION 39
2.2.1 BOTTOM-UP APPROACH 39
2.2.1.1 Approach to derive market size using bottom-up analysis 40
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 40
2.2.2 TOP-DOWN APPROACH 41
2.2.2.1 Approach to derive market size using top-down analysis 41
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 41
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS FROM AGV BUSINESS 42
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 43
FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION 43
2.4 RESEARCH ASSUMPTIONS 44
2.5 RESEARCH LIMITATIONS 44
2.6 RISK ASSESSMENT 45
3 EXECUTIVE SUMMARY 46
FIGURE 8 ASRS SEGMENT ESTIMATED TO HOLD LARGEST SHARE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET IN 2024 46
FIGURE 9 UNIT LOAD MATERIAL HANDLING SYSTEMS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD 47
FIGURE 10 AUTOMOTIVE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 48
FIGURE 11 ASIA PACIFIC HELD LARGEST MARKET SHARE IN 2023 49
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET 50
FIGURE 12 RISING DEPLOYMENT OF AUTOMATION SOLUTIONS IN WAREHOUSES TO BOOST ASIA PACIFIC MARKET 50
4.2 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT 51
FIGURE 13 ASRS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 51
4.3 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY 52
FIGURE 14 AUTOMOTIVE SEGMENT TO HOLD LARGEST SHARE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET IN 2029 52
4.4 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY SYSTEM TYPE 53
FIGURE 15 UNIT LOAD MATERIAL HANDLING SEGMENT TO HOLD LARGER SHARE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET IN 2029 53
4.5 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION 53
FIGURE 16 CHINA TO REGISTER HIGHEST CAGR IN AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET DURING FORECAST PERIOD 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
FIGURE 17 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
5.2.1 DRIVERS 55
5.2.1.1 Rising penetration of automated storage and retrieval systems into e-commerce industry 55
5.2.1.2 Increasing number of startups offering robotic solutions for warehouse automation 55
5.2.1.3 Rising demand for automated material handling equipment in various industries 56
5.2.1.4 High labor costs and safety concerns 56
5.2.1.5 Paradigm shift toward mass customization from mass production 57
5.2.1.6 Demand for lean manufacturing and Just-in-Time (JIT) practices 57
FIGURE 18 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: DRIVERS AND THEIR IMPACT 58
5.2.2 RESTRAINTS 58
5.2.2.1 Requirement of significant investments by small and medium-sized enterprises 58
5.2.2.2 High integration and switching costs 59
5.2.2.3 Inadequate technical expertise to manage system operations 59
5.2.2.4 Integration complexities 59
FIGURE 19 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: RESTRAINTS AND THEIR IMPACT 60
5.2.3 OPPORTUNITIES 60
5.2.3.1 Growing order customization and personalization 60
5.2.3.2 Industry 4.0 integration with automated material handling equipment 61
5.2.3.3 Substantial industrial growth in emerging economies 61
5.2.3.4 Expanding intralogistics sector in Southeast Asia 61
5.2.3.5 Potential growth prospects in healthcare industry 62
5.2.3.6 Integration with IoT and data analytics 62
FIGURE 20 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: OPPORTUNITIES AND THEIR IMPACT 63
5.2.4 CHALLENGES 63
5.2.4.1 Production and revenue losses due to equipment downtime 63
5.2.4.2 Technical challenges related to sensing elements 64
5.2.4.3 Constant technological advancements in development of flexible and scalable automated material equipment 64
FIGURE 21 AUTOMATED MATERIAL HANDLING SYSTEM MARKET: CHALLENGES AND THEIR IMPACT 64
5.3 VALUE CHAIN ANALYSIS 65
FIGURE 22 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: VALUE CHAIN ANALYSIS 65
5.4 ECOSYSTEM ANALYSIS 67
FIGURE 23 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: ECOSYSTEM ANALYSIS 67
TABLE 1 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: ECOSYSTEM ANALYSIS 67
5.5 PRICING ANALYSIS 68
FIGURE 24 ASP OF AUTOMATED MATERIAL HANDLING EQUIPMENT, BY PRODUCT (AGV), BY TYPE 69
TABLE 2 APPROXIMATE AVERAGE SELLING PRICE OF AGV, BY COMPANY (USD) 69
5.5.1 AVERAGE SELLING PRICE TREND 69
TABLE 3 AVERAGE SELLING PRICE OF AGV 70
FIGURE 25 AVERAGE SELLING PRICE OF AGV, 2020−2023 70
TABLE 4 AVERAGE SELLING PRICE OF AGV, BY REGION 70
FIGURE 26 AVERAGE SELLING PRICE OF AGV, BY REGION, 2020−2023 71
TABLE 5 INDICATIVE PRICING OF WAREHOUSE MANAGEMENT SYSTEM 72
5.5.2 AVERAGE SELLING PRICE OF WAREHOUSE MANAGEMENT SYSTEM, BY KEY PLAYER AND BY DEPLOYMENT 72
TABLE 6 AVERAGE SELLING PRICING OF WAREHOUSE MANAGEMENT SYSTEM, BY KEY PLAYER AND DEPLOYMENT 72
TABLE 7 AVERAGE SELLING PRICE OF VARIOUS ROBOTS, BY PAYLOAD CAPACITY 73
5.6 INVESTMENT & FUNDING SCENARIO 73
FIGURE 27 FUNDING DATA FOR WAREHOUSE MANAGEMENT SYSTEM, 2019–2023 74
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 74
FIGURE 28 REVENUE SHIFT FOR AUTOMATED MATERIAL HANDLING EQUIPMENT PROVIDERS 75
5.8 TECHNOLOGY ANALYSIS 75
5.8.1 KEY TECHNOLOGIES 75
5.8.1.1 Wearable technology 75
5.8.1.2 Predictive analytics 75
5.8.1.3 Robotic process automation 76
5.8.1.4 Machine learning platform 76
5.8.2 COMPLEMENTARY TECHNOLOGIES 76
5.8.2.1 Digital twin model builder 76
5.8.2.2 Voice recognition technology 76
5.8.3 ADJACENT TECHNOLOGIES 77
5.8.3.1 5G 77
5.8.3.2 IoT 77
5.8.3.3 Industry 4.0 77
5.8.3.4 Blockchain technology 78
5.9 PORTER’S FIVE FORCES ANALYSIS 78
FIGURE 29 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS 79
TABLE 8 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS 79
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 81
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 81
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES 81
TABLE 9 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES (%) 81
5.10.2 BUYING CRITERIA 82
FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES 82
TABLE 10 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES 82
5.11 CASE STUDY ANALYSIS 83
TABLE 11 COCA-COLA BOTTLERS JAPAN INC. DISTRIBUTION AND SALES NETWORK OPTIMIZATION THROUGH ADVANCED END-TO-END AUTOMATION 83
TABLE 12 TOHO HOLDINGS CO., LTD. END-TO-END AUTOMATION IMPROVES PHARMACEUTICAL DISTRIBUTION AND DISASTER RESPONSE CAPABILITIES 83
TABLE 13 ARLA FOODS BUILDS COMPACT STORAGE SYSTEM 84
TABLE 14 DELI GROUP BECOMES AUTOMATION LEADER IN CHINA’S STATIONERY GOODS INDUSTRY 84
TABLE 15 EFFICIENT WAREHOUSING PULLED BY TUGGER TRAIN SYSTEM 85
TABLE 16 SERVICE LINK INDIA SEES CLEAR PATH TO SUCCESS TOWARD PRODUCTIVE OPERATIONS FROM STACKING TO RACKING 85
5.12 KEY CONFERENCES AND EVENTS, 2024–2025 86
TABLE 17 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: CONFERENCES AND EVENTS, 2024–2025 86
5.13 PATENT ANALYSIS 88
FIGURE 32 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 88
TABLE 18 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS 88
FIGURE 33 NUMBER OF PATENTS GRANTED PER YEAR FROM 2014 TO 2023 89
TABLE 19 LIST OF PATENTS RELATED TO AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET 89
5.14 TRADE ANALYSIS 92
5.14.1 IMPORT SCENARIO 92
FIGURE 34 IMPORT DATA, BY KEY COUNTRY, 2019–2023 (USD MILLION) 92
5.14.2 EXPORT SCENARIO 93
FIGURE 35 EXPORT DATA, BY KEY COUNTRY, 2019–2023 (USD MILLION) 93
5.15 REGULATORY LANDSCAPE 93
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 93
TABLE 20 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
TABLE 21 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
TABLE 22 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
TABLE 23 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
5.15.2 STANDARDS AND REGULATIONS RELATED TO AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET 96
5.15.3 SAFETY STANDARDS FOR ASRS 97
TABLE 24 SAFETY STANDARDS FOR ASRS 97
5.15.4 SAFETY STANDARDS FOR AGVS 98
TABLE 25 SAFETY STANDARDS FOR AGVS 98
6 EMERGING TECHNOLOGIES AND APPLICATIONS RELATED TO AUTOMATED MATERIAL HANDLING EQUIPMENT 100
6.1 INTRODUCTION 100
6.2 OFFERINGS IN AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET 100
FIGURE 36 OFFERINGS IN AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET 100
6.2.1 HARDWARE 100
6.2.2 SOFTWARE 101
FIGURE 37 WES INTEGRATES KEY FUNCTIONALITIES OF WMS AND WES 102
6.2.2.1 Services 102
6.2.2.2 Maintenance and repair 103
6.2.2.3 Training 103
6.2.2.4 Software upgrade 103
6.3 EMERGING APPLICATIONS OF ASRS 104
6.3.1 HOSPITALS 104
6.3.2 MANUFACTURING INTEGRATION 104
6.3.3 ACADEMIC INSTITUTIONS 104
6.4 EMERGING APPLICATIONS OF AGVS 105
6.4.1 HOSPITALS 105
6.4.2 RETAIL 105
6.4.3 THEME PARKS 105
6.5 EMERGING TECHNOLOGIES USED IN AGVS 106
6.5.1 DYNAMIC WIRELESS CHARGING 106
6.5.2 LIDAR SENSORS 106
6.5.3 CAMERA VISION 106
6.5.4 DUAL-MODE AGVS 107
6.6 TECHNOLOGICAL TRENDS SHAPING FUTURE OF AUTOMATED MATERIAL HANDLING 107
6.6.1 BIG DATA AND ANALYTICS 107
6.6.2 INTERNET OF THINGS (IOT) 107
6.6.3 MOBILE TECHNOLOGY 107
6.6.4 VOICE PICKING 108
6.6.5 ADVANCED ROBOTICS 108
6.6.6 AUTONOMOUS VEHICLES 108
6.7 EMERGING MATERIAL HANDLING TECHNOLOGIES ASSOCIATED WITH INDUSTRY 4.0 FRAMEWORK 108
6.7.1 BLOCKCHAIN TECHNOLOGY 108
6.7.2 AUTONOMOUS MOBILE ROBOT (AMR) 109
6.7.3 COBOT PALLETIZER 109
6.7.4 3D MOBILE ROBOT 109
7 OUTDOOR MATERIAL HANDLING EQUIPMENT 110
7.1 INTRODUCTION 110
7.2 FORKLIFT 110
7.3 AGV 111
7.3.1 TOW VEHICLE 111
7.3.2 UNIT LOAD CARRIER 112
7.3.3 STRADDLE CARRIER 112
7.3.4 AUTOMATED YARD TRUCK 112
8 LATEST TRENDS IN WAREHOUSING TECHNOLOGIES IMPACTING AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET 113
8.1 INTRODUCTION 113
8.2 CENTRALIZED FULFILMENT CENTER (CFC) 113
8.3 MICRO FULFILMENT CENTER (MFC) 114
8.3.1 DEVELOPMENTS IN MICRO FULFILMENT CENTERS (MFCS) 114
FIGURE 38 KEY ELEMENTS POWERING DEVELOPMENTS IN MICRO FULFILMENT CENTERS (MFCS) 115
8.3.2 ADVANTAGES ASSOCIATED WITH MICRO FULFILMENT CENTERS (MFCS) OVER CENTRALIZED FULFILMENT CENTERS (CFCS) 116
8.3.3 MICRO FULFILMENT CENTER (MFC): ECOSYSTEM ANALYSIS 117
FIGURE 39 ECOSYSTEM OF MICRO FULFILMENT CENTER (MFC) 117
8.3.4 MAJOR COMPANIES INVESTING IN MICRO FULFILMENT CENTERS (MFCS) 117
8.3.5 KEY TECHNOLOGIES USED IN MICRO FULFILMENT CENTERS (MFCS) 118
FIGURE 40 KEY TECHNOLOGIES USED IN MICRO FULFILMENT CENTERS (MFCS) 118
8.3.5.1 Cube storage 119
8.3.5.2 Autonomous mobile robot (AMR) 119
8.3.5.3 Shuttle system 120
8.3.5.4 Others 120
8.3.6 FUNDING IN MICRO FULFILMENT CENTERS (MFCS) 120
TABLE 26 OVERVIEW OF RECENT MAJOR FUNDING FOR MICRO FULFILMENT CENTERS (MFCS) 121
8.4 AUTONOMOUS MACHINES 121
8.5 WAREHOUSE AUTOMATION 122
8.6 DARK STORES 122
9 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT 124
9.1 INTRODUCTION 125
FIGURE 41 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT 125
FIGURE 42 ASRS SEGMENT TO LEAD AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET DURING FORECAST PERIOD 125
TABLE 27 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 126
TABLE 28 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 126
9.2 ROBOTS 127
9.2.1 REDUCTION OF HUMAN INTERVENTION AND INCREASING EFFICIENCY TO DRIVE MARKET 127
TABLE 29 ROBOTS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY TYPE, 2020–2023 (USD MILLION) 127
FIGURE 43 AMR SEGMENT TO DOMINATE ROBOTS IN AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET DURING FORECAST PERIOD 128
TABLE 30 ROBOTS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY TYPE, 2024–2029 (USD MILLION) 128
TABLE 31 ROBOTS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 129
TABLE 32 ROBOTS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 129
TABLE 33 ROBOTS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION) 130
TABLE 34 ROBOTS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 130
9.2.2 TRADITIONAL ROBOTS 131
TABLE 35 TRADITIONAL ROBOTS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 131
TABLE 36 TRADITIONAL ROBOTS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 132
TABLE 37 TRADITIONAL ROBOTS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION) 132
TABLE 38 TRADITIONAL ROBOTS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 133
9.2.2.1 Articulated robots 133
FIGURE 44 ILLUSTRATION OF 6-AXIS ARTICULATED ROBOT 134
TABLE 39 ADVANTAGES, DISADVANTAGES, AND APPLICATIONS OF ARTICULATED ROBOTS 134
9.2.2.2 Cylindrical robots 134
9.2.2.3 Selective Compliance Assembly Robot Arm (SCARA) robots 135
FIGURE 45 ILLUSTRATION OF 4-AXIS SCARA ROBOT 135
TABLE 40 ADVANTAGES, DISADVANTAGES, AND APPLICATIONS OF SCARA ROBOTS 136
9.2.2.4 Delta robots 136
FIGURE 46 ILLUSTRATION OF PARALLEL ROBOT 137
TABLE 41 PARALLEL ROBOT: SUMMARY TABLE 137
9.2.2.5 Cartesian robots 137
FIGURE 47 ILLUSTRATION OF CARTESIAN ROBOT 138
TABLE 42 ADVANTAGES, DISADVANTAGES, AND APPLICATIONS OF CARTESIAN ROBOTS 138
9.2.3 COBOT PALLETIZERS 138
TABLE 43 COBOT PALLETIZERS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 140
TABLE 44 COBOT PALLETIZERS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 140
TABLE 45 COBOT PALLETIZERS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION) 141
TABLE 46 COBOT PALLETIZERS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 141
9.2.4 AUTONOMOUS MOBILE ROBOT 141
TABLE 47 AMR: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 142
TABLE 48 AMR: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 142
TABLE 49 AMR: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION) 143
TABLE 50 AMR: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 143
9.3 AUTOMATED STORAGE AND RETRIEVAL SYSTEM 143
9.3.1 DEMAND FOR UTILIZATION OF VERTICAL STORAGE SPACE TO DRIVE MARKET 143
TABLE 51 ASRS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 144
TABLE 52 ASRS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 144
TABLE 53 ASRS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION) 145
TABLE 54 ASRS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 145
FIGURE 48 UNIT LOAD SEGMENT TO DOMINATE AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR ASRS DURING FORECAST PERIOD 145
TABLE 55 ASRS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY TYPE, 2020–2023 (USD MILLION) 146
TABLE 56 ASRS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY TYPE, 2024–2029 (USD MILLION) 146
9.3.2 UNIT LOAD AUTOMATED STORAGE AND RETRIEVAL SYSTEM 147
9.3.3 MINI LOAD AUTOMATED STORAGE AND RETRIEVAL SYSTEM 148
9.3.4 VERTICAL LIFT MODULE 148
9.3.5 CAROUSEL 149
9.3.5.1 Vertical carousel 149
9.3.5.2 Horizontal carousel 150
9.3.6 MID LOAD AUTOMATED STORAGE AND RETRIEVAL SYSTEM 150
9.4 CONVEYOR & SORTATION SYSTEMS 151
9.4.1 SEPARATION AND SORTATION OF PRODUCTS FOR INDUCTION INTO OUTBOUND INDIVIDUAL LANES 151
9.4.2 BELT CONVEYORS 151
9.4.3 ROLLER CONVEYORS 151
9.4.4 OVERHEAD CONVEYORS 152
9.4.5 SCREW CONVEYORS 152
TABLE 57 CONVEYOR & SORTATION SYSTEMS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 153
TABLE 58 CONVEYOR & SORTATION SYSTEMS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 153
TABLE 59 CONVEYOR & SORTATION SYSTEMS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION) 154
TABLE 60 CONVEYOR & SORTATION SYSTEMS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 154
TABLE 61 CONVEYOR & SORTATION SYSTEMS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY TYPE, 2020–2023 (USD MILLION) 154
TABLE 62 CONVEYOR & SORTATION SYSTEMS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET,BY TYPE, 2024–2029 (USD MILLION) 155
9.5 CRANES 155
9.5.1 MOVEMENT OF HEAVY LOADS OVER VARIABLE PATHS TO DRIVE MARKET 155
TABLE 63 CRANES: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 156
TABLE 64 CRANES: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 157
TABLE 65 CRANES: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION) 157
TABLE 66 CRANES: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 157
9.6 AUTOMATED GUIDED VEHICLES 158
9.6.1 TACKLING COMPLEX OPERATIONS WITHOUT HUMAN INTERVENTION TO DRIVE MARKET 158
TABLE 67 AGVS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY SHIPMENT, 2020–2023 (THOUSAND UNITS) 158
TABLE 68 AGVS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY SHIPMENT 2024–2029 (THOUSAND UNITS) 159
TABLE 69 AGVS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 159
TABLE 70 AGVS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 160
TABLE 71 AGVS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION) 160
TABLE 72 AGVS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 161
9.6.2 AUTOMATED GUIDED VEHICLE MARKET, BY TYPE 161
9.6.2.1 Tow vehicles 161
9.6.2.2 Unit load carriers 161
9.6.2.3 Pallet trucks 162
9.6.2.4 Assembly line vehicles 162
9.6.2.5 Forklift trucks 162
9.6.2.6 Other automated guided vehicles 163
TABLE 73 AGVS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY TYPE, 2020–2023 (USD MILLION) 163
TABLE 74 AGVS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY TYPE, 2024–2029 (USD MILLION) 164
TABLE 75 LIST OF MAJOR AUTOMATED GUIDED VEHICLE VENDORS 164
9.6.3 AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY 165
9.6.3.1 Laser guidance 165
9.6.3.2 Magnetic guidance 165
9.6.3.3 Inductive guidance 165
9.6.3.4 Optical tape guidance 166
9.6.3.5 Vision guidance 166
9.6.3.6 Other navigation technologies 166
TABLE 76 AGVS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY NAVIGATION TECHNOLOGY, 2020–2023 (USD MILLION) 167
TABLE 77 AGVS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY NAVIGATION TECHNOLOGY, 2024–2029 (USD MILLION) 167
9.7 WAREHOUSE MANAGEMENT SYSTEMS 168
9.7.1 EFFICIENT AND COST-EFFECTIVE MOVEMENT OF GOODS AND MATERIALS TO DRIVE MARKET 168
TABLE 78 WMS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 168
TABLE 79 WMS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 169
TABLE 80 WMS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION) 169
TABLE 81 WMS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 169
9.7.2 WAREHOUSE MANAGEMENT SYSTEM MARKET, BY DEPLOYMENT TYPE 170
9.7.2.1 On-premises 170
9.7.2.2 Cloud 170
TABLE 82 WMS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY DEPLOYMENT TYPE, 2020–2023 (USD MILLION) 171
TABLE 83 EQUIPMENT WMS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION) 171
9.8 REAL-TIME LOCATION SYSTEMS 172
TABLE 84 REAL-TIME LOCATION SYSTEM (RTLS) MARKET FOR YARD, DOCK, FLEET, & WAREHOUSE MANAGEMENT & MONITORING, 2020–2023 (USD MILLION) 172
TABLE 85 REAL-TIME LOCATION SYSTEM (RTLS) MARKET FOR YARD, DOCK, FLEET, & WAREHOUSE MANAGEMENT & MONITORING, 2024–2029 (USD MILLION) 172
10 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY SYSTEM TYPE 173
10.1 INTRODUCTION 174
FIGURE 49 UNIT LOAD SEGMENT TO DOMINATE AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET DURING FORECAST PERIOD 174
TABLE 86 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY SYSTEM TYPE, 2020–2023 (USD MILLION) 174
TABLE 87 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY SYSTEM TYPE, 2024–2029 (USD MILLION) 175
10.2 UNIT LOAD MATERIAL HANDLING SYSTEMS 176
10.2.1 OPTIMIZATION OF STORAGE SPACE, SCALABILITY, AND ADAPTABILITY TO DRIVE MARKET 176
10.2.2 ADVANTAGES OF UNIT LOAD MATERIAL HANDLING SYSTEMS 176
10.2.3 DISADVANTAGES OF UNIT LOAD MATERIAL HANDLING SYSTEMS 177
10.3 BULK LOAD MATERIAL HANDLING SYSTEMS 177
10.3.1 ENHANCED INVENTORY MANAGEMENT AND REDUCED LABOR COSTS TO DRIVE MARKET 177
10.3.2 ADVANTAGES OF BULK LOAD MATERIAL HANDLING SYSTEMS 177
10.3.3 DISADVANTAGES OF BULK LOAD MATERIAL HANDLING SYSTEMS 178
11 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY 179
11.1 INTRODUCTION 180
FIGURE 50 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY 180
FIGURE 51 AUTOMOTIVE SEGMENT TO LEAD AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET BETWEEN 2024 AND 2029 181
TABLE 88 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 182
TABLE 89 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 182
11.2 AUTOMOTIVE 183
11.2.1 DAMAGE PREVENTION, LABOR COST REDUCTION, INVENTORY MANAGEMENT, AND STORAGE CAPACITY MAXIMIZATION TO DRIVE MARKET 183
TABLE 90 AUTOMOTIVE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 184
TABLE 91 AUTOMOTIVE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 184
11.3 CHEMICAL 185
11.3.1 SAFE HANDLING OF DANGEROUS CHEMICALS TO DRIVE MARKET 185
TABLE 92 CHEMICAL: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 186
TABLE 93 CHEMICAL: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 186
11.4 AVIATION 187
11.4.1 EFFICIENT SORTING, STORAGE, AND TRANSFER OF MATERIALS TO DRIVE MARKET 187
TABLE 94 AVIATION: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 187
TABLE 95 AVIATION: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 188
11.5 SEMICONDUCTOR & ELECTRONICS 188
11.5.1 PROCESS SEQUENCES, CLEANROOM HANDLING, AND MANUFACTURING EFFICIENCY TO DRIVE MARKET 188
TABLE 96 SEMICONDUCTOR & ELECTRONICS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 189
TABLE 97 SEMICONDUCTOR & ELECTRONICS: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 189
11.6 E-COMMERCE 190
11.6.1 REAL-TIME ACCESSIBLE DATA ALLOWING DATA-DRIVEN DECISIONS TO DRIVE MARKET 190
TABLE 98 E-COMMERCE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 191
TABLE 99 E-COMMERCE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 191
11.7 FOOD & BEVERAGE 192
11.7.1 GUARANTEE OF FOOD SAFETY AND QUALITY STANDARDS AND REDUCTION OF LABOR COSTS TO DRIVE MARKET 192
TABLE 100 FOOD & BEVERAGE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 192
TABLE 101 FOOD & BEVERAGE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 193
11.8 HEALTHCARE 193
11.8.1 MEETING FLUCTUATING DEMANDS WHILE PRESERVING OPERATIONAL EFFICIENCY AND PRODUCTIVITY TO DRIVE MARKET 193
TABLE 102 HEALTHCARE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 194
TABLE 103 HEALTHCARE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 194
FIGURE 52 PHARMACEUTICALS SEGMENT TO HOLD LARGER MARKET SHARE IN HEALTHCARE INDUSTRY DURING FORECAST PERIOD 195
TABLE 104 HEALTHCARE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY TYPE, 2020–2023 (USD MILLION) 195
TABLE 105 HEALTHCARE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY TYPE, 2024–2029 (USD MILLION) 195
11.8.2 PHARMACEUTICALS 196
11.8.3 MEDICAL DEVICES 196
11.9 METALS & HEAVY MACHINERY 197
11.9.1 PREVENTION OF WORKPLACE INJURIES TO DRIVE MARKET 197
TABLE 106 METALS & HEAVY MACHINERY: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 197
TABLE 107 METALS & HEAVY MACHINERY: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 198
11.10 THIRD-PARTY LOGISTICS (3PL) 198
11.10.1 OPTIMIZATION OF LOGISTICS PROCESSES TO DRIVE MARKET 198
TABLE 108 3PL: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 199
TABLE 109 3PL: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 199
11.11 OTHER INDUSTRIES 199
TABLE 110 OTHER INDUSTRIES: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 200
TABLE 111 OTHER INDUSTRIES: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 200
11.12 IN-PLANT LOGISTICS 200
12 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION 202
12.1 INTRODUCTION 203
FIGURE 53 CHINA TO REGISTER HIGHEST CAGR IN AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET BETWEEN 2024 AND 2029 203
FIGURE 54 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 203
TABLE 112 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION) 204
TABLE 113 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 204
12.2 NORTH AMERICA 205
12.2.1 IMPACT OF RECESSION 205
FIGURE 55 NORTH AMERICA: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET SNAPSHOT 206
TABLE 114 NORTH AMERICA: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 207
TABLE 115 NORTH AMERICA: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 207
TABLE 116 NORTH AMERICA: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 207
TABLE 117 NORTH AMERICA: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 208
12.2.2 US 208
12.2.2.1 Booming e-commerce industry to drive market 208
12.2.3 CANADA 209
12.2.3.1 Expanding automotive industry to drive market 209
12.2.4 MEXICO 210
12.2.4.1 Rapid industrial development to drive market 210
12.3 EUROPE 211
12.3.1 IMPACT OF RECESSION 211
FIGURE 56 EUROPE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET SNAPSHOT 212
TABLE 118 EUROPE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 213
TABLE 119 EUROPE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 213
TABLE 120 EUROPE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 214
TABLE 121 EUROPE: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 214
12.3.2 GERMANY 215
12.3.2.1 Upgradation and construction of warehousing facilities to drive market 215
12.3.3 UK 215
12.3.3.1 Growing investments in new industries and warehousing facilities to drive market 215
12.3.4 FRANCE 216
12.3.4.1 Rising demand in e-commerce industry to drive market 216
12.3.5 REST OF EUROPE 217
12.4 ASIA PACIFIC 217
12.4.1 IMPACT OF RECESSION 217
FIGURE 57 ASIA PACIFIC: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET SNAPSHOT 218
TABLE 122 ASIA PACIFIC: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 219
TABLE 123 ASIA PACIFIC: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 219
TABLE 124 ASIA PACIFIC: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 220
TABLE 125 ASIA PACIFIC: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 220
12.4.2 CHINA 221
12.4.2.1 Demand for automation and robotics technologies in manufacturing and warehousing facilities to drive market 221
12.4.3 JAPAN 222
12.4.3.1 Precision manufacturing and automotive engineering to drive market 222
12.4.4 AUSTRALIA 223
12.4.4.1 Government initiatives and investment programs to drive market 223
12.4.5 INDIA 224
12.4.5.1 Infrastructure development, penetration of advanced technologies, automation, and safe working practices to drive market 224
12.4.6 MALAYSIA 225
12.4.6.1 Strong economic growth supported by domestic and international demand for products and services to drive market 225
12.4.7 INDONESIA 225
12.4.7.1 Technological developments, logistics companies, and retail and e-commerce to drive market 225
12.4.8 SOUTH KOREA 226
12.4.8.1 Technological advancements and focus on development of quality products in semiconductor & electronics industry to drive market 226
12.4.9 REST OF ASIA PACIFIC 227
12.5 ROW 227
12.5.1 IMPACT OF RECESSION 227
TABLE 126 ROW: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 228
TABLE 127 ROW: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 228
FIGURE 58 SOUTH AMERICA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 229
TABLE 128 ROW: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION) 229
TABLE 129 ROW: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 229
12.5.2 SOUTH AMERICA 230
12.5.2.1 Rising adoption of warehouse automation solutions in various industries 230
12.5.3 MIDDLE EAST 230
12.5.3.1 Dedicated industry-specific free zones and booming e-commerce industry to drive market 230
TABLE 130 MIDDLE EAST: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 231
TABLE 131 MIDDLE EAST: AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 231
12.5.3.2 GCC countries 231
12.5.3.2.1 Rising demand in manufacturing and healthcare sectors to drive market 231
12.5.3.3 Rest of Middle East 232
12.5.4 AFRICA 232
12.5.4.1 High focus on warehouse automation to drive market 232
13 COMPETITIVE LANDSCAPE 234
13.1 OVERVIEW 234
13.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023 234
TABLE 132 OVERVIEW OF STRATEGIES ADOPTED BY AUTOMATED MATERIAL HANDLING EQUIPMENT VENDORS 234
13.3 REVENUE ANALYSIS, 2018–2022 236
FIGURE 59 REVENUE ANALYSIS OF KEY FIVE PLAYERS IN AGV MARKET, 2018–2022 236
FIGURE 60 FIVE-YEAR REVENUE ANALYSIS OF KEY PLAYERS IN WAREHOUSE MANAGEMENT SYSTEM MARKET 237
13.4 MARKET SHARE ANALYSIS, 2023 239
TABLE 133 AGV MARKET SHARE ANALYSIS, 2023 240
FIGURE 61 AGV MARKET: SHARE OF KEY PLAYERS 240
TABLE 134 WAREHOUSE MANAGEMENT SYSTEM MARKET SHARE ANALYSIS, 2023 241
FIGURE 62 WAREHOUSE MANAGEMENT SYSTEM MARKET: SHARE OF KEY PLAYERS 241
13.5 COMPANY VALUATION AND FINANCIAL METRICS, 2023 242
FIGURE 63 COMPANY VALUATION (USD MILLION) 242
FIGURE 64 FINANCIAL METRICS (EV/EBITDA), 2023 242
13.6 BRAND/PRODUCT COMPARISON 243
FIGURE 65 BRAND/PRODUCT COMPARISON 243
13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 244
13.7.1 STARS 244
13.7.2 EMERGING LEADERS 244
13.7.3 PERVASIVE PLAYERS 244
13.7.4 PARTICIPANTS 244
FIGURE 66 AGV MARKET (GLOBAL): COMPETITIVE EVALUATION MATRIX, 2023 245
FIGURE 67 WAREHOUSE MANAGEMENT SYSTEM MARKET (GLOBAL): COMPETITIVE EVALUATION MATRIX, 2023 246
13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 247
13.7.5.1 Overall footprint 247
FIGURE 68 OVERALL COMPANY FOOTPRINT (21 COMPANIES) 247
TABLE 135 MARKET FOOTPRINT (20 COMPANIES) 248
13.7.5.2 Product footprint 249
TABLE 136 PRODUCT: COMPANY FOOTPRINT (20 COMPANIES) 249
13.7.5.3 Industry footprint 250
TABLE 137 INDUSTRY: COMPANY FOOTPRINT (20 COMPANIES) 250
13.7.5.4 Region footprint 251
TABLE 138 REGION: COMPANY FOOTPRINT (20 COMPANIES) 251
13.8 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX 252
13.8.1 PROGRESSIVE COMPANIES 252
13.8.2 RESPONSIVE COMPANIES 252
13.8.3 DYNAMIC COMPANIES 252
13.8.4 STARTING BLOCKS 252
FIGURE 69 AGV MARKET (GLOBAL): SME EVALUATION MATRIX, 2023 253
FIGURE 70 WAREHOUSE MANAGEMENT SYSTEM MARKET (GLOBAL): SME EVALUATION MATRIX, 2023 254
13.8.5 COMPETITIVE BENCHMARKING 255
13.8.5.1 List of key startups/SMEs 255
TABLE 139 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: LIST OF KEYS STARTUPS/SMES 255
13.8.5.2 Overall startup/SME footprint 256
FIGURE 71 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: OVERALL FOOTPRINT 256
TABLE 140 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 256
TABLE 141 PRODUCT: COMPANY FOOTPRINT FOR STARTUPS/SMES 257
13.9 COMPETITIVE SCENARIO AND TRENDS 257
13.9.1 PRODUCT LAUNCHES/DEVELOPMENTS 257
TABLE 142 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: PRODUCT LAUNCHES, 2020−2023 257
13.9.2 DEALS 258
TABLE 143 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: DEALS, 2020−2023 258
14 COMPANY PROFILES 260
14.1 KEY PLAYERS 260
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
14.1.1 DAIFUKU CO., LTD. 260
TABLE 144 DAIFUKU CO., LTD.: COMPANY OVERVIEW 261
FIGURE 72 DAIFUKU CO., LTD.: COMPANY SNAPSHOT 262
TABLE 145 DAIFUKU CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 263
TABLE 146 DAIFUKU CO., LTD.: DEALS 265
TABLE 147 DAIFUKU CO., LTD.: EXPANSIONS 266
TABLE 148 DAIFUKU CO., LTD.: OTHER DEVELOPMENTS 267
14.1.2 KION GROUP AG 269
TABLE 149 KION GROUP AG: COMPANY OVERVIEW 269
FIGURE 73 KION GROUP AG: COMPANY SNAPSHOT 270
TABLE 150 KION GROUP AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 271
TABLE 151 KION GROUP AG: PRODUCT LAUNCHES 272
TABLE 152 KION GROUP AG: DEALS 272
TABLE 153 KION GROUP AG: EXPANSIONS 273
14.1.3 SSI SCHAEFER 275
TABLE 154 SSI SCHAEFER: COMPANY OVERVIEW 275
TABLE 155 SSI SCHAEFER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 276
TABLE 156 SSI SCHAEFER: PRODUCT LAUNCHES 277
TABLE 157 SSI SCHAEFER: EXPANSIONS 278
TABLE 158 SSI SCHAEFER: DEALS 278
TABLE 159 SSI SCHAEFER: OTHERS 280
14.1.4 TOYOTA INDUSTRIES CORPORATION 283
TABLE 160 TOYOTA INDUSTRIES CORPORATION: COMPANY OVERVIEW 284
FIGURE 74 TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT 285
TABLE 161 TOYOTA INDUSTRIES CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 285
TABLE 162 TOYOTA INDUSTRIES CORPORATION: PRODUCT LAUNCHES 287
TABLE 163 TOYOTA INDUSTRIES CORPORATION: DEALS 288
TABLE 164 TOYOTA INDUSTRIES CORPORATION: EXPANSIONS 289
TABLE 165 TOYOTA INDUSTRIES CORPORATION: OTHERS 290
14.1.5 HONEYWELL INTERNATIONAL INC. 293
TABLE 166 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 294
FIGURE 75 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 294
TABLE 167 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 295
TABLE 168 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES 296
TABLE 169 HONEYWELL INTERNATIONAL INC.: OTHER DEVELOPMENTS 297
14.1.6 HYSTER-YALE MATERIALS HANDLING, INC. 299
TABLE 170 HYSTER-YALE MATERIALS HANDLING, INC.: COMPANY OVERVIEW 300
FIGURE 76 HYSTER-YALE MATERIALS HANDLING, INC.: COMPANY SNAPSHOT 300
TABLE 171 HYSTER-YALE MATERIALS HANDLING, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 301
TABLE 172 HYSTER-YALE MATERIALS HANDLING, INC.: PRODUCT LAUNCHES 302
TABLE 173 HYSTER-YALE MATERIALS HANDLING, INC.: EXPANSIONS 302
TABLE 174 HYSTER-YALE MATERIALS HANDLING, INC.: OTHER DEVELOPMENTS 303
14.1.7 JUNGHEINRICH AG 304
TABLE 175 JUNGHEINRICH AG: COMPANY OVERVIEW 304
FIGURE 77 JUNGHEINRICH AG: COMPANY SNAPSHOT 305
TABLE 176 JUNGHEINRICH AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 306
TABLE 177 JUNGHEINRICH AG: PRODUCT LAUNCHES 307
TABLE 178 JUNGHEINRICH AG: DEALS 308
TABLE 179 JUNGHEINRICH AG: EXPANSIONS 309
TABLE 180 JUNGHEINRICH AG: OTHERS 310
14.1.8 HANWHA CORPORATION 311
TABLE 181 HANWHA CORPORATION: COMPANY OVERVIEW 311
FIGURE 78 HANWHA CORPORATION: COMPANY SNAPSHOT 312
TABLE 182 HANWHA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 312
14.1.9 JBT 314
TABLE 183 JBT: COMPANY OVERVIEW 314
FIGURE 79 JBT: COMPANY SNAPSHOT 315
TABLE 184 JBT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 315
TABLE 185 JBT: PRODUCT LAUNCHES 316
14.1.10 KUKA AG 317
TABLE 186 KUKA AG: COMPANY OVERVIEW 318
FIGURE 80 KUKA AG: COMPANY SNAPSHOT 318
TABLE 187 KUKA AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 319
TABLE 188 KUKA AG: PRODUCT LAUNCHES 320
TABLE 189 KUKA AG: DEALS 321
TABLE 190 KUKA AG: OTHERS 321
14.1.11 BEUMER GROUP 323
TABLE 191 BEUMER GROUP: COMPANY OVERVIEW 323
TABLE 192 BEUMER GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 323
TABLE 193 BEUMER GROUP: PRODUCT LAUNCHES 324
TABLE 194 BEUMER GROUP: DEALS 324
TABLE 195 BEUMER GROUP: OTHERS 325
14.1.12 KNAPP AG 327
TABLE 196 KNAPP AG: COMPANY OVERVIEW 327
TABLE 197 KNAPP AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 328
TABLE 198 KNAPP AG: DEALS 328
TABLE 199 KNAPP AG: OTHERS 331
14.1.13 MURATA MACHINERY, LTD. 332
TABLE 200 MURATA MACHINERY, LTD.: COMPANY OVERVIEW 332
TABLE 201 MURATA MACHINERY, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 333
TABLE 202 MURATA MACHINERY, LTD.: DEALS 334
TABLE 203 MURATA MACHINERY, LTD.: OTHERS 334
14.1.14 TGW LOGISTICS 335
TABLE 204 TGW LOGISTICS: COMPANY OVERVIEW 335
TABLE 205 TGW LOGISTICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 335
TABLE 206 TGW LOGISTICS: PRODUCT LAUNCHES 337
TABLE 207 TGW LOGISTICS: DEALS 338
TABLE 208 TGW LOGISTICS: EXPANSIONS 338
TABLE 209 TGW LOGISTICS: OTHERS 339
14.1.15 VIASTORE 341
TABLE 210 VIASTORE: COMPANY OVERVIEW 341
TABLE 211 VIASTORE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 341
TABLE 212 VIASTORE: OTHERS 342
14.2 OTHER PLAYERS 344
14.2.1 ADDVERB TECHNOLOGIES LIMITED 344
TABLE 213 ADDVERB TECHNOLOGIES LIMITED: COMPANY OVERVIEW 344
14.2.2 SNAP-ON AUTOCRIB 345
TABLE 214 SNAP-ON AUTOCRIB: COMPANY OVERVIEW 345
14.2.3 AUTOMATION LOGISTICS CORPORATION 346
TABLE 215 AUTOMATION LOGISTICS CORPORATION: COMPANY OVERVIEW 346
14.2.4 AVANCON SA 347
TABLE 216 AVANCON SA: COMPANY OVERVIEW 347
14.2.5 FERRETTO GROUP S.P.A. 348
TABLE 217 FERRETTO GROUP S.P.A.: COMPANY OVERVIEW 348
14.2.6 GRABIT 348
TABLE 218 GRABIT: COMPANY OVERVIEW 348
14.2.7 INVIA ROBOTICS, INC. 349
TABLE 219 INVIA ROBOTICS, INC.: COMPANY OVERVIEW 349
14.2.8 LOCUS ROBOTICS 350
TABLE 220 LOCUS ROBOTICS: COMPANY OVERVIEW 350
14.2.9 MEIDENSHA CORPORATION 351
TABLE 221 MEIDENSHA CORPORATION: COMPANY OVERVIEW 351
14.2.10 MOBILE INDUSTRIAL ROBOTS 352
TABLE 222 MOBILE INDUSTRIAL ROBOTS: COMPANY OVERVIEW 352
14.2.11 WESTFALIA TECHNOLOGIES, INC. 353
TABLE 223 WESTFALIA TECHNOLOGIES, INC.: COMPANY OVERVIEW 353
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
15 ADJACENT MARKET 354
15.1 RFID MARKET 354
15.2 INTRODUCTION 354
TABLE 224 RFID MARKET, BY OFFERING, 2019–2022 (USD MILLION) 354
TABLE 225 RFID MARKET, BY OFFERING, 2023–2032 (USD MILLION) 355
15.3 TAGS 355
15.3.1 TAGS USED TO IDENTIFY ASSETS OR PERSONS 355
15.4 READERS 356
15.4.1 FIXED READERS 356
15.4.1.1 Rugged and cost-efficient 356
15.4.2 HANDHELD READERS 357
15.4.2.1 Mainly adopted due to mobility 357
15.5 SOFTWARE & SERVICES 357
15.5.1 INCREASING ADOPTION OF DATA ANALYSIS AND CLOUD-BASED DATA STORAGE TO DRIVE DEMAND 357
16 APPENDIX 359
16.1 DISCUSSION GUIDE 359
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 362
16.3 CUSTOMIZATION OPTIONS 364
16.4 RELATED REPORTS 364
16.5 AUTHOR DETAILS 365