Automated Material Handling (AMH) Market - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024 - 2031
The "Automated Material Handling (AMH) market" has witnessed significant growth in recent years, and this trend is expected to continue in the foreseeable future.
Introduction to Automated Material Handling (AMH) Market Insights
Automated Material Handling (AMH) refers to the use of various automated machinery, systems, and technology to improve the efficiency of material handling processes within a warehouse or distribution center. This includes automated guided vehicles (AGVs), conveyors, robotic arms, and other technologies that help streamline operations and reduce manual labor.
The significance of AMH in the current market landscape lies in its ability to boost productivity, reduce operating costs, improve safety, and optimize space utilization. The primary drivers of the AMH industry include the growing emphasis on warehouse automation, the need for faster order fulfillment, and the rise of e-commerce. However, challenges such as high initial costs, integration complexities, and the need for skilled labor can hinder the widespread adoption of AMH solutions.
Market trends indicate a steady growth in the AMH sector, with a projected CAGR of % from 2024 to 2031. This growth is fueled by the increasing demand for automated solutions in various industries to meet the evolving needs of modern supply chains.
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Analyzing Automated Material Handling (AMH) Market Dynamics
The Automated Material Handling (AMH) sector is experiencing significant growth due to advances in technology, such as robotics and artificial intelligence, which are enhancing the efficiency and speed of operations. Regulatory factors, such as safety standards and environmental regulations, are also driving adoption of AMH solutions.
Consumer behavior shifts towards e-commerce and the need for faster and more accurate delivery are further fueling market growth. The global AMH market is expected to grow at a CAGR of % from 2021 to 2026, reaching a market size of $53.5 billion by the end of the forecast period.
Key market players in the AMH sector include Dematic, Daifuku, Vanderlande Industries, and Swisslog. These companies are investing in R&D to develop innovative solutions and expand their market presence. Overall, the market dynamics in the AMH sector are creating opportunities for growth and stability, driven by technological advancements, regulatory factors, and changing consumer behavior.
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Segment Analysis: Automated Material Handling (AMH) Market by Product Type
Automated Storage and Retrieval System(AS/RS)
Automatic Guided Vehicle (AGV)
Conveyor & Sorter Systems
Robotic Systems
Automated Storage and Retrieval Systems (AS/RS) are expected to hold a significant market share in the AMH market due to their ability to optimize space and increase efficiency in warehouse operations. AGVs are projected to experience high growth prospects as they provide flexibility and cost savings in material handling processes. Conveyor & Sorter Systems are widely used in various industries for transporting and sorting goods, contributing to the overall market demand. Robotic Systems are becoming increasingly popular for their versatility and precision in handling materials, driving innovation in the AMH market. Overall, these product types play a crucial role in meeting the growing demand for automation in material handling processes.
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Application Insights: Automated Material Handling (AMH) Market Segmentation
E-commerce & Retail
Food & Beverage
Manufacturing
Pharmaceutical
Airport
Others
Automated Material Handling (AMH) systems are widely utilized across industries such as E-commerce & Retail, Food & Beverage, Manufacturing, Pharmaceutical, Airport, and others. The fastest-growing segments are E-commerce & Retail and Manufacturing, driven by the need for efficiency and speed in handling goods. AMH technologies are revolutionizing these applications by streamlining operations, reducing labor costs, and increasing productivity. According to research, the revenue impact of AMH in these segments is projected to grow significantly in the coming years, as companies continue to adopt these technologies to stay competitive in the market. Overall, the market expansion of AMH is driven by the increasing demand for automation and the need to optimize supply chain processes.
Automated Material Handling (AMH) Market Regional Analysis and Market Opportunities
North America:
United States
Canada
Europe:
Germany
France
U.K.
Italy
Russia
Asia-Pacific:
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America:
Mexico
Brazil
Argentina Korea
Colombia
Middle East & Africa:
Turkey
Saudi
Arabia
UAE
Korea
North America and Europe currently dominate the Automated Material Handling (AMH) market due to advanced infrastructure and adoption of technology. The United States and Germany are key players in these regions, showing substantial market growth and investment in AMH systems. In Asia-Pacific, China is a frontrunner in the market due to rapid industrialization and increasing demand for automation solutions. Japan, South Korea, and India also show promising growth potential in the AMH market.
Latin America and Middle East & Africa are emerging markets for AMH systems, with countries like Mexico, Brazil, Saudi Arabia, and UAE investing in automation to enhance efficiency in logistics and manufacturing. These regions offer significant market opportunities for AMH players looking to expand their operations.
Major market players like Daifuku Co., Ltd., Siemens AG, and Murata Machinery Ltd. have established a strong presence in these regions by offering innovative solutions and strategic partnerships with local companies. Their focus on R&D and promoting sustainability in automation technologies is expected to drive further growth in the global AMH market.
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Competitive Landscape: Key Players in Automated Material Handling (AMH) Market
Daifuku
Schaefer
KION GROUP
Murata Machinery
Vanderlande
Mecalux
Beumer group
Fives group
KUKA(Swisslog AG)
Intelligrated
Knapp
Kardex AG
System Logistics
TGW Logistics
Grenzebach
Witron
Viastore
- Daifuku is a global leader in the AMH market, known for its innovative solutions and strong market positioning. In 2020, Daifuku reported sales revenue of $ billion.
- Schaefer is a key player in the AMH industry, focusing on automated storage and retrieval systems. In 2020, Schaefer reported sales revenue of $1.8 billion.
- KION GROUP is a major player in the AMH market, offering a wide range of material handling solutions. In 2020, KION GROUP reported sales revenue of $7.5 billion.
- Murata Machinery is known for its innovative conveyor systems and robotics solutions in the AMH market. In 2020, Murata Machinery reported sales revenue of $2.1 billion.
- Vanderlande is a leading provider of baggage handling systems and warehouse automation solutions. In 2020, Vanderlande reported sales revenue of $1.6 billion.
These key players differ in their market approaches, with some focusing on specific niches like Schaefer in automated storage systems, while others like KION GROUP offer a wide range of material handling solutions. Despite their differences, these companies are all driving innovation and growth in the AMH market.
Challenges and Opportunities in Automated Material Handling (AMH) Market
The primary challenges faced by the Automated Material Handling (AMH) market include high initial costs of implementing automation, resistance to change from manual labor practices, and the need for skilled technicians to operate and maintain sophisticated AMH systems. To overcome these obstacles, companies can offer financing options, provide comprehensive training programs for employees, and invest in predictive maintenance technologies to reduce downtime. To capitalize on market opportunities, businesses can focus on developing flexible and scalable AMH solutions to meet the evolving needs of industries, leverage data analytics to optimize warehouse operations, and explore partnerships with technology providers to drive innovation. By embracing these strategies, companies can drive sustainable growth and stay competitive in the rapidly evolving AMH market.
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