Automated Material Handling Equipment Market Size to Hit $56.34 Bn, Globally, by 2028 at 9.1% CAGR – Comprehensive Report by The Insight Partners
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Global Automated Material Handling Equipment Market is expected to grow from US$ 35.65 billion in 2022 to US$ 56.34 billion by 2028; it is estimated to grow at a CAGR of 9.1% from 2022 to 2028.
New York, Jan. 25, 2023 (GLOBE NEWSWIRE) -- According to our new research study on Automated Material Handling Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product (Robots, Automated Storage & Retrieval System, Automated Conveyors & Sortation System, Automated Cranes, and Automated Guided Vehicles), System Type (Unit Load and Bulk Load), Component (Hardware, Software, and Services), Function (Storage, Transportation, Assembly, Packaging, Distribution, and Waste Handling), Industry (Automotive, Electronics, Food & Beverages, E-Commerce, Aerospace, Logistics, Pharmaceuticals, and Others), and Geography.
Get Sample PDF Copy of Automated Material Handling Market Size - COVID-19 Impact and Global Analysis with Strategic Developments at: https://www.theinsightpartners.com/sample/TIPTE100000628/
Automated Material Handling Market - Strategic Insights
Report Coverage
Details
Market Size Value in
US$ 35.65 Billion in 2022
Market Size Value by
US$ 56.34 Billion by 2028
Growth rate
CAGR of 9.1 % from 2022 to 2028.
Forecast Period
2022 to 2028
Base Year
2021
No. of Pages
232
No. Tables
68
Historical data available
Yes
Segments covered
Product, System Type, Component Function and Industry
Regional scope
North America; Europe; Asia Pacific; Latin America; MEA
Country scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Purchase Options
Request customized purchase options to meet your research needs.
Automated Material Handling Equipment Market: Competitive Landscape and Key Developments
Daifuku Co. Ltd.; Hyster-Yale Material Handling, Inc.; Jungheinrich AG; Kion Group AG; Toyota Industries Corporation; Hanwha Corporation; John Bean Technologies Corporation; Kuka AG; Beumer Group Gmbh & Co.; and Fives Group are among the key automated material handling equipment market players operating in the industry.
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- In January 2023, Hy-Tek Holdings completed the acquisition of Winchester Industrial Controls LLC. The acquired company provides control systems and installation for automated material handling systems. With this acquisition, Hy-Tek Holdings enhanced its product line, which would enable the company to acquire larger customer base and ultimately would witness higher revenue in the forthcoming years.
- In December 2022, Daifuku Co., an automated material handling technology and solutions provider, announced its plans to make an investment of US$ 54.70 million in establishing a manufacturing plant in Telangana, India. The new plant will produce intra-logistics equipment, including sorting transfer vehicles, automated storage and retrieval systems, conveyors, and sorters.
