Automated Material Handling Equipment Market in US by End-user and Product - Forecast and Analysis 2022-2026

Published: Feb 2022 Pages: 120 SKU: IRTNTR72256

US Automated Material Handling Equipment Market Size 2022-2026

The US automated material handling equipment market size is expected to increase by USD 1.51 billion, a CAGR of 3.97% from 2021 to 2026. Market expansion relies on several pivotal factors, notably the advanced automation of processing plants, the substantial growth witnessed in the e-commerce sector, and the enhancement of warehouse operational efficiency through the adoption of Automated Storage and Retrieval Systems (AS/RS). With the relentless pursuit of operational excellence, industries are increasingly embracing automation technologies to streamline production processes, minimize manual intervention, and optimize resource utilization. Furthermore, the unprecedented surge in online retail activities has catalyzed the demand for efficient logistics and fulfillment solutions, prompting warehouses to invest in advanced automation systems like AS/RS for seamless order processing and inventory management. By leveraging these transformative technologies, businesses can achieve higher productivity levels, shorter lead times, and greater responsiveness to market demands, thereby bolstering their competitive edge in an evolving marketplace driven by efficiency and innovation.

The market report 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 Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics

Market Segmentation

The market thrives amidst rapid industrialization and infrastructural advancements, offering solutions like Automated Guided Vehicles (AGVs) and Automated Storage and Retrieval Systems (ASRS). These systems provide real-time inventory tracking and enhance efficiency in production systems while minimizing labor costs and ensuring product quality. They play a crucial role in smart factories, enabling precise motion control and constant monitoring in distribution centers. Moreover, they comply with hygiene standards and regulatory requirements, mitigating contamination risks and optimizing warehouse space utilization for faster shipping times and increased throughput with improved accuracy in both floor and vertical space management.

This market research report provides valuable insights on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers by the Product - Conveyor system, AS/RS, robotics system, and AGV and End-user -Automotive, e-commerce and 3PL, food and beverage, and others.

Market Dynamics

The market capitalizes on the advantages of Automated Storage and Retrieval Systems (ASRS), offering benefits such as warehouse consolidation through efficient sorting and stacking solutions. These systems optimize warehouse throughput while maximizing floor space utilization, ensuring seamless operations and enhanced productivity. ASRS technology revolutionizes material handling by streamlining processes and minimizing manual intervention, making it an indispensable asset in modern warehouse management strategies. 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 Market Driver

One of the key factors driving growth in the market 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 to meet stringent regulations and compliance standards across the world.

Further, drug manufacturers must comply with various guidelines and recommendations for ensuring public health safety, which involves high costs. Companies 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.

Significant Market Trend 

The advent of Industry 4.0 is another factor supporting the market growth. The regional economy is currently witnessing the adoption of automation across industries, termed 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.

Additionally, 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. Thus, 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.

Major Market Challenge 

The complexity in the usage of automated material handling equipment will be a major challenge for the market growth. 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.

Additionally, 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. Further, 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 automated material handling equipment.

Who are the Major Market Companies?

The market forecasting report analyzes the market's competitive landscape and offers information on several market companies, including:

Daifuku Co. Ltd. - The company offers automated material handling equipment such as AS/RS, vehicle system, and conveyor.

  • 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 market encompasses successful business strategies deployed by the key companies. The market is fragmented and the companies are deploying growth strategies such as selling and distributing their products extensively to compete in the market.

What is the Revenue-generating Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The market share growth 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.

Market Analyst Overview:

The market offers numerous benefits, particularly in optimizing ASRS benefits such as improved efficiency and reduced labor costs in manufacturing processes and supply chain operations. It addresses bottlenecks by streamlining inventory management and enhancing productivity, especially in the e-commerce segment where demand fluctuates rapidly. Moreover, it prioritizes workplace safety by minimizing ergonomic risks associated with manual handling, and leveraging robotic picking and autonomous vehicles for bulk load transportation. By deploying robotic arms and autonomous mobile units, manufacturing plants enhance worker safety while achieving significant cost savings through optimized storage configurations and streamlined procurement processes. This market facilitates strategic possibilities through advanced data analysis and economic activity tracking, offering insights for informed decision-making and improved operational efficiency.

 Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.97%

Market Growth 2022-2026

USD 1.51 billion

Market structure

Fragmented

YoY growth (%)

3.01

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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.

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

Customization purview

If our market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***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

PURCHASE FULL REPORT OF

automated material handling equipment market in us market

QUICK BUY

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?

Why should you prefer Technavio's market insights report?

  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis