Automated Material Handling Equipment Market is expected to reach US$ 51,219.6 million by 2025

Automated Material Handling Equipment Market is expected to grow from US$ 28,643.4 million in 2017 to US$ 51,219.6 million by 2025; it is estimated to grow at a CAGR of 7.6% from 2018 to 2025.

According to The Insight Partners’ research, the global automated material handling equipment market was assessed at US$ 28,643.4 million in 2017 and is projected to be worth US$ 51,219.6 million by 2025, growing at 7.6% CAGR between 2018 and 2025. Enhanced focus on the manufacturing sector, need for a more efficient and advanced material handling technique, and evolution of advanced complementary technology are expected to be the prime drivers for the automated material handling equipment market.

Expansion of third-party logistics (3PL) industries is leading to the increased adoption of material handling equipment in warehouses and distribution centers. Companies in the automated material handling equipment market are utilizing the services of 3PLs for efficient supply chain management which is further increasing the global automated material handling equipment market share.

Third-party logistics (3PL) provider’s across the globe are upgrading their existing infrastructure to fast delivery of goods, efficient loading and unloading materials from trucks, their storage and easy transportation. Increased productivity through automated tasks, and augmented jobs is playing a crucial role in enhancing the global automated material handling equipment market value.

Efficient conveyance of materials from one place to another easy shipping of the product with increased quality is boosting the global market growth. The steady growth in the global automated material handling equipment market size is attributed to the increasing deployment of robotic systems in warehouse, the advent of Industry 4.0, and continuous technological advancements focused on the cost reduction and sustainability.

The rapidly growing e-commerce sector, surge in automation investments, and favorable government initiatives to support the growth of the industrial sector are expected to boost the global automated material handling equipment market share in the coming years.

From the regional frame of reference, APAC led the automated material handling equipment market was worth US$ 12,345.3 million in 2017 and is projected to reach US$ 21,781.9 million by 2025; it is expected to grow at a CAGR of 7.4% during 2018–2025. Meanwhile, the MEA is anticipated to have the highest recorded CAGR 9.8% during the forecast period to reach US$ 2,742.1 by 2025.

The market in Asia Pacific is attributed to significant developments such as launch of Hanwha HCR-5—a collaborative robot with a purpose to save time and workforce in manufacturing. The HCR-5 has a feature of affordability, ease of operations, high performance, safe and attractive design, which increase productivity, giving the company an edge in the manufacturing process.