Automated Material Handling Equipment Market Size, Share & Analysis | Exactitude Consultancy Reports

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Exactitude Consultancy Latest Published Automated Material Handling Equipment Market Research Report by Type (Automated Storage And Retrieval System, Automated Conveyor and Sorting System, Automated Guided Vehicle) System Load (Unit Load, Bulk Load) Application (Assembly, Distribution, Transportation, Packaging) Industry (E-commerce, Automotive, Food and Beverages, Pharmaceutical, Aviation, Semiconductor and Electronics) and by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) Global Trends and Forecast from 2022 to 2029

The global Automated Material Handling Equipment Market is projected to reach USD 51.70 billion by 2029 from USD 23.61 billion in 2020, at a CAGR of 9.1% from 2022 to 2029.

The automated material handling equipment market is divided into automated storage and retrieval system, automated conveyor and sorting system, automated guided vehicle based on type. Automated guided vehicle is dominating the market. SLAM (simultaneous localization and mapping), artificial intelligence, and the internet of things have all evolved as a result of the evolution of numerous technologies configured in AGV. Furthermore, prominent businesses are constantly working to improve existing automated guided vehicles so that they can provide more efficient products in logistical environments. Toyota, for example, has produced automated repetitive pallet handling vehicles and lithium-ion battery-powered lift trucks. Because of the growing number of warehouses and manufacturing units in developed and developing countries, automated storage and retrieval systems and automated conveyor and sorting systems are likely to rise at a moderate rate in the future years.

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