Asia Pacific held the largest share of the automated material handling equipment market

Increasing awareness related to warehouse automation and growing emphasis of the leading economies such as China and Japan on robotics are major factors contributing to the substantial growth of Asia Pacific in the market. The speedy growth of automotive, e-commerce, food & beverage, and healthcare industries in major economies, such as China and Japan, is supporting the growth of automated material handling equipment market in Asia Pacific.

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Automated material handling equipment Market: Key Trends

Daifuku, KION, SSI Schaeffer, Toyota Industries, and Honeywell International are the top five players in the AMH market. These AMH companies boast automated material handling trends with a comprehensive product portfolio and solid geographic footprint.

ASRS accounted for the largest share of the automated material handling equipment market in 2022

ASRS offers benefits such as reduced space and labor utilization, improved supply chain efficiency and productivity, real-time inventory control at a lower cost, error-free fulfillment, 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. Due to these factors, many warehouses and distribution centers initiated the consolidation of warehouses to align with the needs of their customers, a trend expected to be followed by more warehouse operators. Consolidation of warehouses results in storing many packages in a small space. This would drive the demand for ASRS in automated material handling equipment market.

Unit load material handling equipment to account largest share in the automated material handling equipment market during forecast period.

The unit load material handling systems contributed a larger market share in 2022. Unit load material handling systems will often lead to significant space savings that provide high-density storage, reduce aisle space, and optimize the facility’s vertical height to convert open air to valuable storage space. 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 for the automated material handling equipment market during the forecast period.

The automotive industry to contribute the largest market size in the automated material handling equipment market in 2022.

The automotive industry dominated the automated material handling equipment market, with the highest market size in 2022. Automotive is amongst the most innovative sectors in terms of using automated equipment. The need for constant availability of components and spare parts, just-in-time (JIT) delivery of materials, and reduction in the cost of unproductive labor are driving the growth of the automotive industry segment.