Automated Material Handling Equipment Market in US by End-user and Product - Forecast and Analysis 2022-2026
- Published: Feb 2022
- Pages: 120
- SKU: IRTNTR72256
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The automated material handling equipment market share in US is expected to increase by USD 1.51 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.97%.
This automated material handling equipment market in US 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 automated material handling equipment market segmentation in US by the following:
- Product - Conveyor system, AS/RS, robotics system, and AGV
- End-user -Automotive, e-commerce and 3PL, food and beverage, and others
The automated material handling equipment market report in US also offers information on several market vendors, including Daifuku Co. Ltd., Grabit Inc., Honeywell International Inc., Hyster Yale Materials Handling Inc., inVia Robotics Inc., John Bean Technologies Corp., KION GROUP AG, Locus Robotics Corp., Material Handling Systems Inc., and Meidensha Corp. among others.
What will the Automated Material Handling Equipment Market Size in US be During the Forecast Period?
Download the Free Report Sample to Unlock the Automated Material Handling Equipment Market Size in US for the Forecast Period and Other Important Statistics
Automated Material Handling Equipment Market in US: Key Drivers, Trends, and Challenges
The advanced automation of processing plants is notably driving the automated material handling equipment market growth in US, although factors such as complexity in the usage of automated material handling equipment 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 industry in US. 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 Market Driver in US
- One of the key factors driving growth in the automated material handling equipment market in the US is the advanced automation of processing plants.
- In the food and beverage industry, increasing labour capacity and mobile equipment supplies during seasonal and peak times is a common practice but not a feasible option for industry players as it leads to high costs. Hence, manufacturers have started using advanced automation and robots in processing plants.
- The pharmaceutical industry has traditionally been a challenging space for automated material handling equipment manufacturers and industry players, with the constant need for meeting stringent regulations and compliance standards across the world.
- Drug manufacturers must comply with various guidelines and recommendations for ensuring public health safety, which involves high costs.
- The vendors in the automotive material handling equipment market need to invest in R&D to manufacture systems that are efficient and easy to integrate with automation in manufacturing facilities to improve the existing systems. Thus, automation is expected to serve as a positive trend for the market in focus.
Key Automated Material Handling Equipment Market Trend in US
- The advent of Industry 4.0 is another factor supporting the automated material handling equipment market share growth in the US.
- The regional economy is currently witnessing the adoption of automation across industries, termed as the Fourth Industrial Revolution or dubbed as Industry 4.0.
- The current trend of automation and data exchange in manufacturing and other labour-intensive processes includes cyber-physical systems, the Internet of Things (IoT), and cloud computing.
- 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 of processes can reduce the operating costs for a company, which translates into increased revenue.
- The demand for automated material handling equipment will increase during the forecast period as more companies are expected to embrace Industry 4.0 in their setup.
Key Automated Material Handling Equipment Market Challenge in US
- The complexity in the usage of automated material handling equipment will be a major challenge for the automated material handling equipment market in the US during the forecast period.
- Businesses around the world are operating under a dynamic condition, where the demand pattern from consumers is changing periodically.
- Omnichannel systems require warehouses to handle items of various shapes and sizes as they supply single as well as bulk orders. Therefore, warehouses need to upgrade their material handling equipment.
- Upgrading an automated system also takes significant time and money, making users, especially medium-sized enterprises, continue using the same system, which results in limited productivity.
- Buyers have to tradeoff between productivity and capital expenditure.
- Automated material handling equipment is computerized and controlled by a central system. Therefore, a breakdown in a single part may affect the entire system, thus increasing the downtime due to malfunction in facilities. Due to this reason, many buyers prefer to opt for options other than an automated material handling equipment
This automated material handling equipment market in US 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.
Who are the Major Automated Material Handling Equipment Market Vendors in US?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Daifuku Co. Ltd.
- Grabit Inc.
- Honeywell International Inc.
- Hyster Yale Materials Handling Inc.
- inVia Robotics Inc.
- John Bean Technologies Corp.
- KION GROUP AG
- Locus Robotics Corp.
- Material Handling Systems Inc.
- Meidensha Corp.
This statistical study of the automated material handling equipment market in US encompasses successful business strategies deployed by the key vendors. The automated material handling equipment market in US is fragmented and the vendors are deploying growth strategies such as selling and distributing their products extensively to compete in the market.
Product Insights and News
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Daifuku Co. Ltd. - The company offers automated material handling equipment such as AS/RS, vehicle system, and conveyor.
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Daifuku Co. Ltd. - Electronics segment of the company provides high-end industrial personal computers, circuit boards for measurement control, and network-related products.
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 market in US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
What are the Revenue-generating Product Segments in the Automated Material Handling Equipment Market in US?
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The automated material handling equipment market share growth in US by the conveyor system segment will be significant during the forecast period. The demand for conveyor systems in the US 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. Further, the increase in air travel passengers and the advent of smart airports create growth opportunities for conveyor systems in the US during the forecast period.
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 US and actionable market insights on post COVID-19 impact on each segment.
Parent Market Analysis
Technavio categorizes the automated material handling equipment market in US 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 market in US during the forecast period.
Automated Material Handling Equipment Market in US Value Chain Analysis
Our report provides extensive information on the value chain analysis for the automated material handling equipment market in US, 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.
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Automated Material Handling Equipment Market Scope in US |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.97% |
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Market growth 2022-2026 |
$ 1.51 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.01 |
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Regional analysis |
US |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Daifuku Co. Ltd., Grabit Inc., Honeywell International Inc., Hyster Yale Materials Handling Inc., inVia Robotics Inc., John Bean Technologies Corp., KION GROUP AG, Locus Robotics Corp., Material Handling Systems Inc., and Meidensha Corp. |
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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 the forecast period |
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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. |
What are the Key Data Covered in this Automated Material Handling Equipment Market in US Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive automated material handling equipment market growth in US during the next five years
- Precise estimation of the automated material handling equipment market size in US and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the automated material handling equipment industry in US
- 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 US
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1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 6
Exhibit 04: Key Finding 7
2. Market Landscape
2.1 Market ecosystem
2.1.1 Parent Market
Exhibit 05 Parent market
Exhibit 06: Market characteristics
2.2 Value Chain Analysis
Exhibit 07: Value Chain Analysis: Industrial machinery
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 Aftermarket and service
2.2.7 Industry innovations
3. Market Sizing
3.1 Market definition
Exhibit 08: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 09: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1Estimating growth rates for emerging and high-growth markets
3.4.2Estimating growth rates for mature markets
Exhibit 10: US - Market size and forecast 2021 - 2026 ($ million)
Exhibit 11: US: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 12: Five forces analysis 2021 - 2026
4.2 Bargaining power of buyers
Exhibit 13: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 14: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 15: Threat of new entrants
4.5 Threat of substitutes
Exhibit 16: Threat of substitutes
4.6 Threat of rivalry
Exhibit 17: Threat of rivalry
4.7 Market condition
Exhibit 18: Market condition - Five forces 2021
5. Market Segmentation by Product
5.1 Market segments
Exhibit 19: Product- Market share 2021 - 2026 (%)
5.2 Comparison by product
Exhibit 20: Comparison by Product
5.3 Conveyor system - Market size and forecast 2021-2026
Exhibit 21: Conveyor system - Market size and forecast 2020-2025 ($ million)
Exhibit 22: Conveyor system - Year-over-year growth 2020-2025 (%)
5.4 AS/RS - Market size and forecast 2021-2026
Exhibit 23: AS/RS - Market size and forecast 2020-2025 ($ million)
Exhibit 24: AS/RS - Year-over-year growth 2020-2025 (%)
5.5 Robotics system - Market size and forecast 2021-2026
Exhibit 25: Robotics system - Market size and forecast 2020-2025 ($ million)
Exhibit 26: Robotics system - Year-over-year growth 2020-2025 (%)
5.6 AGV - Market size and forecast 2021-2026
Exhibit 27: AGV - Market size and forecast 2020-2025 ($ million)
Exhibit 28: AGV - Year-over-year growth 2020-2025 (%)
5.7 Market opportunity by Product
Exhibit 29: Market opportunity by Product
6 Market Segmentation by End-user
6.1 Market segments
Exhibit 30: End-user- Market share 2021-2026 (%)
6.2 Comparison by End-user
Exhibit 31: Comparison by End-user
6.3 Automotive - Market size and forecast 2021-2026
Exhibit 32: Automotive - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Automotive - Year-over-year growth 2021-2026 (%)
6.4 E-commerce and 3PL - Market size and forecast 2021-2026
Exhibit 34: E-commerce and 3PL - Market size and forecast 2021-2026 ($ million)
Exhibit 35: E-commerce and 3PL - Year-over-year growth 2021-2026 (%)
6.5 Food and beverage - Market size and forecast 2021-2026
Exhibit 36: Food and beverage - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Food and beverage - Year-over-year growth 2021-2026 (%)
6.6 Others - Market size and forecast 2021-2026
Exhibit 38: Others - Market size and forecast 2021-2026 ($ million)
Exhibit 39: Others - Year-over-year growth 2021-2026 (%)
6.7 Market opportunity by End-user
Exhibit 40: Market opportunity by End-user
7. Customer landscape
Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
7.1 Overview
Exhibit 41: Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Advanced automation of processing plants
8.1.2 Significant growth in the e-commerce industry
8.1.3 Enhancement in warehouse operational efficiency by adopting AS/RS
8.2 Market challenges
8.2.1 Complexity in the usage of automated material handling equipment
8.2.2 Increased exposure to macroeconomic factors
8.2.3 High CAPEX involved in manufacturing automated material handling equipment
Exhibit 42: Impact of drivers and challenges
8.3 Market trends
8.3.1 Advent of Industry 4.0
8.3.2 Rising number of strategic alliances
8.3.3 Increasing number of fulfillment centers in the US
9. Vendor Landscape
9.1 Overview
Exhibit 43: Vendor landscape
9.2 Landscape disruption
Exhibit 44: Landscape disruption
Exhibit 45: Industry Risk
9.3 Competitive Landscape
10. Vendor Analysis
10.1 Vendors covered
Exhibit 46: Vendors covered
10.2 Market positioning of vendors
Exhibit 47: ?Market positioning of vendors?
10.3 Daifuku Co. Ltd.
Exhibit 48: Daifuku Co. Ltd. - Overview
Exhibit 49: Daifuku Co. Ltd. - Business segments
Exhibit 50: Daifuku Co. Ltd. - Key offerings
Exhibit 51: Daifuku Co. Ltd. - Segment focus
10.4 Grabit Inc.
Exhibit 52: Grabit Inc. - Overview
Exhibit 53: Grabit Inc. - Product and service
Exhibit 54: Grabit Inc. - Key offerings
10.5 Honeywell International Inc.
Exhibit 55: Honeywell International Inc. - Overview
Exhibit 56: Honeywell International Inc. - Business segments
Exhibit 57: Honeywell International Inc. - Key offerings
Exhibit 58: Honeywell International Inc. - Segment focus
10.6 Hyster Yale Materials Handling Inc.
Exhibit 59: Hyster Yale Materials Handling Inc. - Overview
Exhibit 60: Hyster Yale Materials Handling Inc. - Business segments
Exhibit 61: Hyster Yale Materials Handling Inc. - Key offerings
Exhibit 62: Hyster Yale Materials Handling Inc. - Segment focus
10.7 inVia Robotics Inc.
Exhibit 63: inVia Robotics Inc. - Overview
Exhibit 64: inVia Robotics Inc. - Product and service
Exhibit 65: inVia Robotics Inc. - Key offerings
10.8 John Bean Technologies Corp.
Exhibit 66: John Bean Technologies Corp. - Overview
Exhibit 67: John Bean Technologies Corp. - Business segments
Exhibit 68: John Bean Technologies Corp. - Key news
Exhibit 69: John Bean Technologies Corp. - Key offerings
Exhibit 70: John Bean Technologies Corp. - Segment focus
10.9 KION GROUP AG
Exhibit 71: KION GROUP AG - Overview
Exhibit 72: KION GROUP AG - Business segments
Exhibit 73: KION GROUP AG - Key news
Exhibit 74: KION GROUP AG - Key offerings
Exhibit 75: KION GROUP AG - Segment focus
10.10 Locus Robotics Corp.
Exhibit 76: Locus Robotics Corp. - Overview
Exhibit 77: Locus Robotics Corp. - Product and service
Exhibit 78: Locus Robotics Corp. - Key news
Exhibit 79: Locus Robotics Corp. - Key offerings
10.11 Material Handling Systems Inc.
Exhibit 80: Material Handling Systems Inc. - Overview
Exhibit 81: Material Handling Systems Inc. - Product and service
Exhibit 82: Material Handling Systems Inc. - Key offerings
10.12 Meidensha Corp.
Exhibit 83: Meidensha Corp. - Overview
Exhibit 84: Meidensha Corp. - Business segments
Exhibit 85: Meidensha Corp. - Key offerings
Exhibit 86: Meidensha Corp. - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 ????Market definition
11.1.2 ????Objectives
11.1.3 ????Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 87: ?Currency conversion rates for US$?
11.3 Research Methodology
Exhibit 88: ?Research Methodology
Exhibit 89: ??Validation techniques employed for market sizing?
Exhibit 90: ??Information sources
11.4 List of abbreviations
Exhibit 91: List of abbreviations
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
Frequently Asked Questions?
- Advanced automation of processing plants
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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