Automated Material Handling (AMH) Equipment Market size is Expected to reach USD 45.1 billion in 2027

The automated material handling equipment market size is projected to grow from USD 28.8 billion in 2022 to USD 45.1 billion in 2027; it is expected to grow at a CAGR of 9.4% from 2022 to 2027. The growth of the automated material handling equipment industry is driven mainly by demand for ASRS in the e-commerce industry due to the onset of COVID-19.

The unit load material handling systems segment is expected to grow at a higher CAGR during the forecast period. These systems are widely used in various industries as they are cost-effective and can handle several items simultaneously, thereby reducing the number of trips, the time required for loading and unloading, and the cost of handling. The increasing demand for automated material handling equipment in the e-commerce industry is expected to fuel the market of unit load material handling systems during the forecast period. Owing to the COVID-19 pandemic, the AMHE market faced decline in its growth. However, it also created awareness amongst the manufacturers and warehouse operators in the e-commerce, automotive, and semiconductor and electronics industry regarding the benefits of unit load material handling systems. Thus, an increase in the adoption of such equipment in these industries is expected.

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ASRS is expected to contribute the largest share of the automated material handling equipment market in 2022. ASRS offer benefits such as reduced space and labour utilization, improved supply chain efficiency and productivity, real-time inventory control at a lower cost, error-free fulfilment, and rapid storage and retrieval of items. The deployment of ASRS is increasing, as these systems help warehouses and manufacturing companies improve their production capacity and order accuracy.

Asia Pacific accounted for the largest share of automated material handling equipment market in 2021. Rising awareness related to warehouse automation, increased emphasis of the leading economies such as China and Japan on robotics and automation, and the growing e-commerce industry are some of the primary factors contributing to the higher share of Asia Pacific in market. The rapid growth of automotive, e-commerce, food & beverages, and healthcare industries in emerging economies, such as China and Japan, has contributed to the growth of the automated material handling equipment market in Asia Pacific.