The Automated Material Handling Equipment market estimated at US$ 35.1 Billion in the year 2020, is projected to reach a revised size of US$ 55.9 Billion by 2027, growing at a CAGR of 6.9% over the analysis period 2021 to 2027.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2016-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
The key factors driving the growth of the market include growing presence of start-up companies offering robotic solutions for warehouse automation, increasing popularity of AMH equipment among leading industries, significant recovery in global manufacturing, and rising labor cost and safety concerns. However, high upfront cost of AMH equipment for SMEs, and high integration and switching costs are the key restraining factors for market growth.
Robots, one of the segments analyzed in the report, is projected to record a 8.3% CAGR and reach US$30.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automated Storage & Retrieval Systems (ASRS) segment is readjusted to a revised 7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.4 Billion, While China is Forecast to Grow at 6.4% CAGR
The Automated Material Handling Equipment market in the U.S. is estimated at US$10.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.7 Billion by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 5.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.
Conveyors & Sortation Systems Segment to Record 4.5% CAGR
In the global Conveyors & Sortation Systems segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.9 Billion in the year 2020 will reach a projected size of US$5.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.4 Billion by the year 2027.We bring years of research experience to this 18th edition of our report. The 298-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
APAC to grow at the highest CAGR
The AMH equipment market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is also expected to account for the largest share of the AMH equipment market by 2019. The rising awareness related to material handling automation, increased emphasis of leading economies such as China and Japan on robotics and automation, and growing e-commerce industry are some of the primary factors contributing to the largest size of APAC in the market. China has been the main contributor to the growth of AMH equipment market in APAC. The improving manufacturing and warehousing infrastructure in China is projected to boost the AMH equipment market in this country in the coming years.
Key Players - Toyota Industries (Japan), Jungheinrich (Germany), KION (Germany), Daifuku (Japan), Hyster-Yale Materials Handling (US), Hanwha (South Korea), John Bean Technologies (US), KUKA (Germany), BEUMER (Germany), Fives (France), KNAPP (Germany), Murata Machinery (Japan), SSI Schaefer (Germany), TGW (Austria), and Viastore (Germany), Mobile Industrial Robots (Denmark), Invia Robotics (US), Grabit (US), Avancon (Switzerland), and Locus Robotics (US).
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