Automated Material Handling Equipment Market in North America by Product, End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40812

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The automated material handling equipment (AMHE) market size in North America has the potential to grow by USD 3.00 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.67%. 

This report provides a detailed analysis of the market by product (conveyor system, AS/RS, robotics system, and AGV), end-user (automotive, e-commerce and 3PL, food and beverage, retail, and others), geography (US and rest of North America), and key vendors. 

Market Overview

Automated-Material-Handling-Equipment-(AMHE)-Market-In-North-America-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • ABB Ltd.
  • Daifuku Co. Ltd.
  • FIVES Group
  • Hitachi Ltd.
  • Honeywell International Inc.
  • KION GROUP AG
  • KNAPP AG
  • Murata Machinery Ltd.
  • SSI SCHAEFER Group
  • Toyota Industries Corp.

 

The AMHE market in North America is fragmented and the vendors are deploying growth strategies such as strategic alliances with technology providers to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the increasing number of fulfillment centers in North America to achieve growth opportunities. However, factors such as inherent challenges related to use of automated systems will impede the growth of the market participants. 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.

Download a free sample of the automated material handling equipment market forecast report of North America for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This automated material handling equipment market analysis report of North America also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Automated Material Handling Equipment (AMHE) Market in North America: Key Drivers and Trends

  • The growing e-commerce industry and the rising number of omnichannel distribution systems have resulted in an increased number of orders.
  • AMHE helps end-user industries to reduce operating costs by increasing the accuracy of order picking, improving employee safety, and making efficient use of space.
  • Manufacturers have started using advanced automation and robots in processing plants as it’s a feasible option for the industry players to reduce costs.
  • The increasing number of fulfillment centers and rapid automation of processing plants will subsequently influence the growth of the global automated material handling equipment market in North America during the forecast period.
  • The emergence of smart factories helps in optimizing the entire manufacturing sector to create high-quality products, improve productivity, increase energy efficiency, and sustain safer plant floors.
  • Smart factories harness data from collective technology and use the data to increase the efficiency of manufacturing processes.
  • A smart factory also allows manufacturers to overcome operational inefficiencies by making fact-based decisions and using real-time data to analyze their operations.
  • The increasing adoption of AI, rising need for connected systems, and the demand for smart automation solutions will have a significant impact on the growth of the AMHE market in North America.

 

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Automated Material Handling Equipment (AMHE) Market in North America: Segmentation by Geography

Automated-Material-Handling-Equipment-(AMHE)-Market-In-North-America-Market-Share-by-Region-2020-2025

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69% of the market’s growth will originate from the US during the forecast period. The US is a key market for automated material handling equipment in North America. However, market growth in the US will be slower than the growth of the market in rest of North America.

The increased warehousing and logistics operations will facilitate the AMHE market growth in the US over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Automated Material Handling Equipment (AMHE) Market in North America: Segmentation by Product

Automated-Material-Handling-Equipment-(AMHE)-Market-In-North-America-Market-Share-by-Product-2020-2025

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In material handling, conveyor systems play a vital role in moving materials from one place to another. They are widely employed for the transportation of goods and bulk materials. The demand for conveyor systems in North America 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. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automated material handling equipment market size in North America.

 

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Automated Material Handling Equipment (AMHE) Market in North America: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automated material handling equipment market growth in North America during the next five years
  • Precise estimation of the AMHE market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automated material handling equipment industry across the US and rest of North America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automated material handling equipment market vendors in North America 

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automated material handling equipment (amhe) market growth will increase by $3002.33 million during 2020-2025.
The automated material handling equipment (amhe) market is expected to grow at a CAGR of 6.67% during 2020-2025.
Technavio has segmented the automated material handling equipment (amhe) market by product (Conveyor system, AS/RS, Robotics system, and AGV) ,end user (Automotive, E-commerce and 3PL, Food and beverage, Retail, and Others) , and geographic (US and Rest of North America).
ABB Ltd., Daifuku Co. Ltd., FIVES Group, Hitachi Ltd., Honeywell International Inc., KION GROUP AG, KNAPP AG, Murata Machinery Ltd., SSI SCHAEFER Group, Toyota Industries Corp. are a few of the key vendors in the automated material handling equipment (amhe) market.
US will register the highest growth rate of 69.39% among the other regions. Therefore, the automated material handling equipment (amhe) market in US is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the automated material handling equipment (amhe) market growth are:
  • Increasing number of fulfillment centers in North America
The automated material handling equipment (amhe) market vendors should focus on grabbing business opportunities from the conveyor system segment as it accounted for the largest market share in the base year.
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