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The automated material handling equipment (AMHE) market share in APAC is expected to increase by USD 3.92 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.36%.
This automated material handling equipment (AMHE) market in APAC research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the automated material handling equipment (AMHE) market in APAC segmentation by application (conveyor systems, automated storage and retrieval systems, robotics systems, and automated guided vehicles) and geography (China, Japan, India, and the Rest of APAC). The automated material handling equipment (AMHE) market in APAC report also offers information on several market vendors, including BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic Group, Honeywell International Inc., John Bean Technologies Corp., Jungheinrich AG, Kardex AG, KION GROUP AG, SSI SCHAEFER Group, and Toyota Industries Corp. among others.
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The rapid automation of processing plants is notably driving the automated material handling equipment (AMHE) market growth in APAC, although factors such as complexity in the usage of AMHE may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automated material handling equipment (AMHE) industry in APAC. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automated Material Handling Equipment (AMHE) Market Driver in APAC
One of the key factors driving the automated material handling equipment (AMHE) market growth in APAC is the rapid automation of processing plants. Manufacturers have started using advanced automation and robots in processing plants as increasing labor capacity and mobile equipment supplies during seasonal and peak times is a common practice but that is not a feasible option for industry players as it leads to high costs. For instance, food and beverage manufacturers can use appropriate automated cooling and air compressor systems to eliminate the chances of contamination. The advent of robotic automation has transformed the way products are developed in the industry, with real-time automated monitoring, and has also reduced operational costs in the industry. Thus, automation is expected to drive a positive trend in the automated material handling equipment (AMHE) market in APAC during the forecast period.
Key Automated Material Handling Equipment (AMHE) Market Trend in APAC
Another key factor driving the automated material handling equipment (AMHE) market growth in APAC is the emergence of industry 4.0. The regional economy is currently witnessing the adoption of automation across industries, termed as the fourth industrial revolution or dubbed as industry 4.0. Robotics systems controlled by remote computers that are equipped with machine learning are used to process a wide range of materials with minimal human intervention. Automation is necessary to integrate all the systems in manufacturing facilities. For instance, to decide the operation cost of automated guided vehicles (AGVs), the breakdown data of each AGV are stored on the cloud and can be accessed instantly for analysis. Therefore, material handling processes that are a key part of any facility are increasingly being automated, which is expected to further support the growth of the market in focus during the forecast period.
Key Automated Material Handling Equipment (AMHE) Market Challenge in APAC
One of the key challenges to the automated material handling equipment (AMHE) market growth in APAC is the complexity in the usage of AMHE. Once automated systems are placed in the factories, it is relatively difficult to make changes in the workspace. Moreover, factors such as the inflexibility of automated systems (that leads to high costs) and the time-consuming process of upgrading/replacing AMHE are expected to hamper the adoption of AMHE. In addition, upgrading a facility with AMHE makes it less flexible for future upgrades, as it takes more than five years in most cases to realize ROIs from these assets. AMHE is computerized and controlled by a central system. Thus, a breakdown in a single part may affect the entire system, which could result in an increase in downtime due to malfunction in facilities. Such factors are expected to limit the market growth during the forecast period.
This automated material handling equipment (AMHE) market in APAC analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the automated material handling equipment (AMHE) market in APAC as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automated material handling equipment (AMHE) market in APAC during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automated material handling equipment (AMHE) market in APAC encompasses successful business strategies deployed by the key vendors. The automated material handling equipment (AMHE) market in APAC is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
BEUMER Group GmbH & Co. KG - The company offers automated material handling equipment that includes baggage handling technology, conveying technology, filling technology, loading technology, logistics systems technology, palletizing technology, port technology, storage technology, packaging technology, tailor-made solutions, airport software suite, automated container handling system, baggage unloader, under the brand name of BEUMER Group GmbH & Co. KG.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automated material handling equipment (AMHE) market in APAC forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automated material handling equipment (AMHE) market in APAC, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global industrial machinery market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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49% of the market's growth will originate from China during the forecast period. Market growth in this country will be faster than the growth of the market in other countries.
The significant increase in the demand for AMHE across industries, such as automotive, manufacturing, and e-commerce will facilitate the automated material handling equipment (AMHE) market growth in China over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the AMHE market in China faced certain challenges owing to the outbreak of COVID-19. The country announced nationwide lockdowns to prevent the community spread of COVID-19 in the region, resulting in a temporary closure of industries, such as automotive, e-commerce, manufacturing, and others. This led to a decline in the demand for AMHE from vendors, which hindered the growth of the market in 2020 in China. However, the market in focus is anticipated to grow during the forecast period, primarily due to large-scale vaccination drives, the gradual decline in COVID-19 cases, and factors that are expected to support the regional market growth.
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The automated material handling equipment (AMHE) market share growth in APAC by the conveyor systems segment will be significant during the forecast period. The demand for conveyor systems in APAC is expected to grow at a substantial rate during the forecast period owing to the rising use for airport baggage handling and in the e-commerce, manufacturing, and automotive industries.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automated material handling equipment (AMHE) market size in APAC and actionable market insights on post COVID-19 impact on each segment.
Automated Material Handling Equipment (AMHE) Market Scope in APAC |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.36% |
Market growth 2022-2026 |
$ 3.92 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.78 |
Regional analysis |
APAC |
Performing market contribution |
China at 49% |
Key consumer countries |
China, Japan, India, and Rest of APAC |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic Group, Honeywell International Inc., John Bean Technologies Corp., Jungheinrich AG, Kardex AG, KION GROUP AG, SSI SCHAEFER Group, and Toyota Industries Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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