The Business Research Company’s Automated Material Handling Equipment Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Automated Material Handling Equipment Global Market Report 2023 evaluates automated material handling equipment market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global automated material handling equipment market size is expected to grow from $34.65 billion in 2022 to $37.64 billion in 2023 at a compound annual growth rate (CAGR) of 8.61%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automated material handling equipment market is expected to reach $48.98 billion in 2027 at a CAGR of 6.81%.
The rising e-commerce is driving the automatic material handling equipment market. The purchasing and selling of products and services, or the sending of money or data, through an electronic network, typically the internet, is known as e-commerce. The e-commerce sector is rising due to changes in consumer preference, increased convenience, and personalized experience. The automatic material handling equipment provides convenience in good packaging and manages the supply chain ecosystem. For instance, according to Forbes, an American business magazine, in the US, e-commerce sales reached $870 billion in 2021, up 50.5% from the previous year. In the US, e-commerce accounted for 13.2% of retail sales in 2021. Thus, such a rise in e-commerce will propel the automatic material handling equipment market.
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The automated material handling equipment market segments in the report are:
1) By Product: Robot, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV
2) By System Type: Unit Load Material Handling, Bulk Load Material Handling
3) By Vertical: Automotive, Metals And Heavy Machinery, Food And Beverages, Chemicals, Healthcare, 3PL, Semiconductors And Electronics, Aviation, E-Commerce, Other Verticals
The table of contents in TBRC’s automated material handling equipment market report includes:
1. Executive Summary
2. Automated Material Handling Equipment Market Characteristics
3. Automated Material Handling Equipment Market Trends And Strategies
4. Automated Material Handling Equipment Market – Macro Economic Scenario
5. Automated Material Handling Equipment Market Size And Growth
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26. Africa Automated Material Handling Equipment Market
27. Automated Material Handling Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automated Material Handling Equipment Market
29. Automated Material Handling Equipment Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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