Automated Material Handling System Market

Automated Material Handling Systems Market Set to Reach $70.1 Billion by 2030

Automated Material Handling System Market 2023-2030 Meticulous Research , a globally respected market research firm, has released a comprehensive report titled, "Automated Material Handling Systems Market by Type (ASRS, AGV, Robotic Systems), Component, Function (Assembly, Picking, Sorting), End- use Industry (Automotive, Healthcare, Semiconductor, Manufacturing, Retail, Aviation, Postal) - Global Forecast to 2030." Download free Sample Report: https://www.meticulousresearch.com/download- sample- report/cp_id=5149?utm_source=pdf&utm_medium=social&utm_campaign=produ ct&utm_content=21-06-2024 According to this latest publication, the global automated material handling systems market is poised to achieve a valuation of $70.1 billion by 2030, growing at a steady CAGR of 8.3% from 2023 to 2030. This growth is primarily driven by the increasing adoption of automated solutions across industries, driven by the need for improved floor space utilization, enhanced order processing capabilities, and the rising demand for warehouse automation. However, challenges such as high initial deployment costs and concerns about cybersecurity pose potential restraints. Key Drivers and Growth Opportunities: The report highlights significant growth opportunities stemming from the expanding role of online retail platforms, increased use of RFID and barcode technologies, integration of cloud and IoT technologies in AMHS, and the advent of Industry 4.0 initiatives. These advancements are expected to bolster market growth despite challenges. Segmentation Insights: Type Segmentation: The market segments include ASRS, AGV, conveyor & sortation systems, palletizing & depalletizing systems, and robotic systems. Robotic systems are anticipated to dominate the market in 2023, driven by their widespread adoption in manufacturing for hazardous tasks and improvements in overall equipment effectiveness (OEE). Component Segmentation: Components are categorized into hardware, software, and services. Hardware currently holds the largest market share, driven by robust demand for industrial hardware components like PLCs and sensors amid rapid industrialization. Meanwhile, the software segment is expected to grow the fastest, supported by increasing requirements for real- time monitoring, inventory management, and task automation. Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Automated Material Handling System Market 2023-2030 Browse in Depth: https://www.meticulousresearch.com/product/automated- material-handling-systems-market- 5149?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_conte nt=21-06-2024 Function Segmentation: Functions include assembly, picking, sorting, packaging, shipping, receiving, and storing. Picking operations are expected to lead the market due to their critical role in ensuring accurate inventory management, faster order processing, and optimized warehouse operations. End-use Industry Segmentation: End-use industries encompass automotive, healthcare, electronics & semiconductors, retail & warehousing/logistics, aviation, and more. The automotive sector is projected to dominate, driven by efforts to streamline material flow, enhance production efficiency, and minimize inventory build-up. Meanwhile, healthcare is anticipated to witness the highest growth, attributed to the need for precise handling of pharmaceuticals and medical supplies. Regional Analysis: Asia-Pacific is expected to maintain the largest market share in 2023, driven by extensive manufacturing and warehousing transformations, technological advancements, and robust growth in e-commerce. The region is anticipated to witness accelerated growth during the forecast period. Key Players: Leading companies in the automated material handling systems market include SSI SCH FER AG (Germany), Murata Machinery, Ltd. (Japan), KNAPP AG (Austria), BEUMER Group GmbH & Co. KG (Germany), Swisslog Holding AG (Switzerland), TGW Logistics Group GmbH (Austria), and others. Buy Now: https://www.meticulousresearch.com/Checkout/77464597?utm_source=pdf&utm_ medium=social&utm_campaign=product&utm_content=21-06-2024 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Automated Material Handling System Market 2023-2030 market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 Meticulous Research| sales@meticulousresearch.com