Global Automated Material Handling Equipment Market to reach USD 91.76 billion by 2030
NewsThe drive towards sustainability prompts end-users to invest in eco-friendly automation technologies that enhance energy efficiency and minimize waste.
The global Automated Material Handling Equipment Market size was estimated at USD 46.86 billion in 2023 and is expected to reach USD 51.56 billion in 2024, at a CAGR of 10.07% to reach USD 91.76 billion by 2030.
That is a brief summary of the “Automated Material Handling Equipment Market by Product, End User – Global Forecast 2024-2030 Report” recently published by 360iResearch.
This report also covers the market for bulk material handling equipment designed to transport, store, and control bulk materials such as minerals, grains, and chemicals.
The demand for automation has surged due to heightened concerns for workplace safety, the need for operational efficiency, and the expansion of online retailing.
Consequently, there is a growing requirement for swift and effective order fulfilment processes. Additionally, the drive towards sustainability prompts end-users to invest in eco-friendly automation technologies that enhance energy efficiency and minimize waste.
Regional aspect
The Asia Pacific region is witnessing significant growth in the automated material handling equipment market, propelled by rapid industrialization. Consumer demands in this region are driven by the expanding manufacturing sector, the surge in eCommerce, and the growing emphasis on workplace safety and productivity. Companies in the Asia-Pacific are investing in advanced systems to meet the high-volume throughput requirements of consumers. Key trends include investments in smart warehouses, robotics, and integration with the Internet of Things (IoT), reflecting a strong push for innovation in the automated material-handling equipment market.
In the Americas, rising labour costs, efforts to streamline operations, and the shift toward eCommerce are driving the adoption of automation. Consumers in the Americas prioritize reliability, efficiency, and post-sales support when selecting automated material handling equipment. There is also a focus on utilizing renewable energy sources in material handling equipment and promoting circular economy principles, reflecting changing consumer purchasing behaviour.
Europe, particularly EU countries, demonstrates a robust demand for automated material handling equipment due to advanced manufacturing practices, stringent safety regulations, and the need for operational efficiency. Investments in research and innovation, backed by EU-funded initiatives, have resulted in the development of cutting-edge solutions tailored to meet Europe’s rigorous standards.
The Middle East is experiencing growth in logistics and warehousing, driven by its strategic position as a global logistics hub.
Read more: