Automated Material Handling Equipment Market

Automated Material Handling Equipment Market by Product (Robots, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, E-Commerce, Food & Beverage) and Region - Global Forecast to 2028

Report Code: SE 2976 May, 2023, by


Automated Material Handling Equipment Market Overview

[270 Pages Report] The automated material handling equipment market size is estimated to be worth USD 30.6 billion in 2023 and is projected to reach USD 45.7 billion by 2028, at a CAGR of 8.3% during the forecast period. Increasing demand for automated material handling equipment in e-commerce, 3PL, automotive, and food & beverage industries, and the growing need to improve efficiency, reduce costs, and increase safety in their material handling operations are major factors driving the automated material handling equipment market growth globally.

Automated Material Handling Equipment Market

Automated Material Handling Equipment Market

Automated Material Handling Equipment Market Forecast to 2028

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Automated Material Handling Equipment Market Trends

Driver: Rise in demand for automated material handling equipment across diverse industries

Benefits such as low cost of capital, fast return on investment (ROI), and a high degree of possibility of customization encourage manufacturing companies to invest more in factory automation. AMH equipment is used in many industries, such as automotive, chemicals, food & beverages, healthcare, aviation, and metals and heavy machinery. The advantages of this equipment are reduced production time, fewer human errors, increased safety, high-volume production, and increased accuracy and repeatability. The widespread use of AMH equipment, such as automated guided vehicles (AGV), ASRS, conveyors, cranes, and robots, helps fulfill the requirements related to material handling, such as pick and place, storage, retrieval, and transportation. AMH equipment enables just-in-time (JIT) delivery of raw materials, computerized control of received assembled parts, and tracking of articles in factories and storage places. Awareness of these advantages has increased the demand for various AMH products in numerous industries.

Restraint: High integration and switching costs

Companies invest a considerable amount in automating their manufacturing and warehousing facilities. Integrating new AMH equipment with existing equipment attracts a high cost for changing the layout and implementing different software. Moreover, after the successful adoption of automation, manufacturing and warehouse operating companies face another limitation in the form of high switching costs. Most companies —operating their manufacturing units— face problems when switching from one vendor to another, as the switching expense involves changing the software associated with the equipment and the changes needed to be made in facilities while changing the equipment. Therefore, the cost of integration and switching to a different vendor leads to industry reluctance in deploying AMH equipment, thereby hindering widespread adoption.

Opportunity: Substantial industrial growth in emerging economies

Rapid industrialization has resulted in significant investments in infrastructural development in emerging economies such as India, Brazil, Mexico, and Indonesia. This, in turn, attracts global companies to set up their manufacturing plants in these countries. This has created a requirement for advanced and sophisticated warehousing facilities to integrate and manage supply chains. The surge in investments in enhancing the capability of supply chains in emerging economies has opened new growth opportunities for AMH equipment providers.

Challenge: Development of flexible and scalable AMH equipment

With the ever-changing global market scenarios, industries need to adapt to the changes in their operations and processes. Industries such as automotive, electronics, food & beverage, and e-commerce are witnessing significant market developments; hence, they demand flexible and scalable AMH equipment to fulfill their current and future business needs. These needs are related to storage capacity, height limits, control technologies, ease of maintenance, energy efficiency, and ease of integration with existing infrastructure. However, providing a flexible and scalable solution is challenging for suppliers due to constantly changing technologies in the material handling ecosystem.

Market Ecosystem

Automated Material Handling Equipment Market by Ecosystem

Automated material handling equipment Market: Key Trends

Daifuku, KION, SSI Schaeffer, Toyota Industries, and Honeywell International are the top five players in the AMH market. These AMH companies boast automated material handling trends with a comprehensive product portfolio and solid geographic footprint.

ASRS accounted for the largest share of the automated material handling equipment market in 2022

ASRS offers benefits such as reduced space and labor utilization, improved supply chain efficiency and productivity, real-time inventory control at a lower cost, error-free fulfillment, and rapid storage and retrieval of items. The deployment of ASRS is increasing as these systems help warehouses and manufacturing companies improve their production capacity and order accuracy. Due to these factors, many warehouses and distribution centers initiated the consolidation of warehouses to align with the needs of their customers, a trend expected to be followed by more warehouse operators. Consolidation of warehouses results in storing many packages in a small space. This would drive the demand for ASRS in automated material handling equipment market.

Unit load material handling equipment to account largest share in the automated material handling equipment market during forecast period.

The unit load material handling systems contributed a larger market share in 2022. Unit load material handling systems will often lead to significant space savings that provide high-density storage, reduce aisle space, and optimize the facility’s vertical height to convert open air to valuable storage space. The increasing demand for automated material handling equipment in the e-commerce industry is expected to fuel the market of unit load material handling systems for the automated material handling equipment market during the forecast period.

The automotive industry to contribute the largest market size in the automated material handling equipment market in 2022.

The automotive industry dominated the automated material handling equipment market, with the highest market size in 2022. Automotive is amongst the most innovative sectors in terms of using automated equipment. The need for constant availability of components and spare parts, just-in-time (JIT) delivery of materials, and reduction in the cost of unproductive labor are driving the growth of the automotive industry segment.

Asia Pacific held the largest share of the automated material handling equipment market in 2022

Asia Pacific contributed the largest market share for automated material handling equipment in 2022. Increasing awareness related to warehouse automation and growing emphasis of the leading economies such as China and Japan on robotics are major factors contributing to the substantial growth of Asia Pacific in the market. The speedy growth of automotive, e-commerce, food & beverage, and healthcare industries in major economies, such as China and Japan, is supporting the growth of automated material handling equipment market in Asia Pacific.

Automated Material Handling Equipment Market by Region

Automated Material Handling Equipment Market by Region

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Key Market Players

The major AMH companies in the automated material handling equipment market include Daifuku, KION, SSI Schaffer, Toyota Industries, and Honeywell International. These AMH companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the automated material handling equipment market.

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Scope of the Report



Estimated Value USD 30.6 billion in 2023
Projected Value USD 45.7 billion by 2028
Growth Rate CAGR of 8.3% 

Years Considered


Base year considered


Forecast period


Forecast units

Value (USD million)

Segments Covered

Product, System Type, Industry, and Region

Regions covered

North America, Asia Pacific, Europe, and Rest of the World

Companies covered

Daifuku (Japan), KION (Germany), SSI Schaefer (Germany), Toyota Industries (Japan), and Honeywell International (US).
A total of 25 players are covered.

Automated Material Handling Equipment Market Highlights

In this report, the overall automated material handling equipment market has been segmented based on Product, System Type, Industry, and Region.



By Product

  • Robots
  • ASRS
  • Conveyors & Sortation Systems
  • Cranes
  • WMS
  • AGV

By System Type

  • Unit Load Material Handling
  • Bulk Load Material Handling

By Vertical

  • Automotive
  • Metals & Heavy Machinery
  • Food & Beverage
  • Chemical
  • Healthcare
  • 3PL
  • Semiconductor & Electronics
  • Aviation
  • E-commerce
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Australia
    • India
    • Indonesia
    • Taiwan
    • South Korea
    • Malaysia
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East
      • UAE
      • Saudi Arabia
      • Rest of Middle East
    •  Africa
    • South America

See Also:

Recent Developments

  • In December 2022, Daifuku announced construction of a new manufacturing plant in Hyderabad, Telangana, India, at its subsidiary Vega Conveyors and Automation Private Limited (Vega).
  • In September 2022, Toyota Material Handling Japan, a division of Toyota Industries Corporation, launched an autonomous lift truck featuring AI-based technology that automatically recognizes the location and position of trucks and loads and generates automated travel routes to perform loading operations.
  • In January 2022, Schou, the largest Scandinavian retailer of non-food items, commissioned SSI Schaeffer as a general contractor for its new automated logistics center in Kolding, Denmark. The company has been selected because of its flexibility in automated logistics offerings and its solution-based approach.

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1 Introduction 
    1.1. Study Objectives 
    1.2. Market Definition 
    1.3. Currency  
    1.4. Stakeholders  
2 Research Methodology
    2.1. Research Data 
           2.1.1. Secondary Data
           2.1.2. Primary Data
    2.2. Market Size Estimation 
           2.2.1. Bottom-Up Approach
           2.2.2. Top-Down Approach
    2.3. Market Breakdown and Data Triangulation 
    2.4. Research Assumptions and Limitations 
    2.5. Parameters considered to analyse impact of recession on automated material handling equipment market. 
    2.6. Risk Assessment 
3 Executive Summary  
    3.1. Analysis of recession impact on automated material handling equipment market. 
4 Premium Insights 
5 Market Overview 
    5.1. Introduction 
    5.2. Market Dynamics 
           5.2.1. Drivers
           5.2.2. Restraints
           5.2.3. Opportunities
           5.2.4. Challenges
    5.3. Value Chain Analysis  
    5.4. Ecosystem Analysis 
    5.5. Trends/Disruptions impacting customer’s business 
    5.6. Porter’s Five Forces Analysis 
    5.7. Case Study Analysis 
    5.8. Technology Analysis 
    5.9. Pricing Analysis 
           5.9.1. ASP Analysis of Key Players
           5.9.2. ASP Trend  
    5.10. Trade Analysis 
    5.11. Key Conferences & Events in 2022-2023 
    5.12. Patent Analysis 
    5.13. Regulatory Landscape 
           5.13.1. Regulatory Bodies, Government Agencies & Other Organizations
           5.13.2. Major Standards
    5.14. Key Stakeholders and Buying Criteria 
6 Major Offerings and Applications of Automated Material Handling Equipment 
    6.1. Introduction 
    6.2. Offerings of automated material handling equipment 
    6.3. Hardware 
    6.4. Software 
    6.5. Services 
           6.5.1. Maintenance & repair
           6.5.2. Training
           6.5.3. Software upgrades
    6.6. Emerging applications of ASRS 
           6.6.1. Hospitals
           6.6.2. Academic Institutions
    6.7. Emerging applications of AGVs 
           6.7.1. Hospitals
           6.7.2. Theme Parks
    6.8. Emerging technologies used in AGVs. 
           6.8.1. LIDAR Sensors
           6.8.2. Camera Vision
           6.8.3. Dual Mode AGVs
7 Outdoor Material Handling Equipment 
    7.1. Introduction 
    7.2. Forklift 
    7.3. AGV 
           7.3.1. Tow Vehicles
           7.3.2. Unit Load Carriers
8 Latest Trends in Warehousing Technologies Impacting the Market
    8.1. Introduction 
    8.2. Micro Fulfilment Centres 
           8.2.1. Significant Developments in MFC Space
           8.2.2. Advantages of MFCs over CFCs
           8.2.3. Ecosystem of MFCs
           8.2.4. Major companies leading ways to MFCs.
           8.2.5. Key technologies involved in MFCs.
           Cube Storage
           Autonomous Mobile Robots (AMRs)
           Shuttle Systems
           8.2.6. Brief Details about Funding in MFCs
           8.2.7. Number of MFCs deployed in US
    8.3. Autonomous Machines 
    8.4. Dark Stores 
9 Automated Material Handling Equipment, By Product
    9.1. Introduction 
    9.2. Robots 
           9.2.1. Traditional Robots
           9.2.2. Collaborative robots
           9.2.3. Autonomous robots
    9.3. Automated Storage & Retrieval Systems 
           9.3.1. Unit Load
           9.3.2. Mini Load
           9.3.3. Vertical Lift Module
           9.3.4. Carousel
           Vertical Carousal
           Horizontal Carousal
           9.3.5. Mid-Load
    9.4. Conveyor & Sortation Systems 
           9.4.1. Belt Conveyor
           9.4.2. Roller Conveyor
           9.4.3. Overhead Conveyor
           9.4.4. Screw Conveyor
    9.5. Real Time Location System (RTLS) 
    9.6. Automated Guided Vehicles 
           9.6.1. AGV Market, By Type
           Tow Vehicles
           Unit Load Carriers
           Pallet Trucks
           Assembly line vehicles
           Forklift Trucks
           9.6.2. AGV Market, By Navigation Technology
           Laser guidance
           Magnetic guidance
           Inductive guidance
           Optical tape guidance 
           Vision guidance
    9.7. Warehouse Management Systems 
           9.7.1. WMS Market, By Deployment Type
    9.8. RLTS 
10 Automated Material Handling Equipment Market, By System Type 
     10.1. Introduction 
     10.2. Unit load material handling systems 
     10.3. Bulk load material handling systems 
11 Automated Material Handling Equipment Market, By Industry
     11.1. Introduction 
     11.2. Automotive 
     11.3. Chemicals 
     11.4. Aviation 
     11.5. Semiconductor & Electronics  
     11.6. E-Commerce 
     11.7. Food & Beverages 
     11.8. Healthcare  
     11.9. Metals & Heavy Machinery 
     11.10. Third-Party Logistics (3PL) 
     11.11. Others 
12 Automated Material Handling Equipment Market, By Region 
     12.1. Introduction 
     12.2. North America 
             12.2.1. US
             12.2.2. Canada
             12.2.3. Mexico 
     12.3. Europe 
             12.3.1. UK
             12.3.2. Germany
             12.3.3. France
             12.3.4. Rest of Europe
     12.4. Asia Pacific 
             12.4.1. China
             12.4.2. Japan
             12.4.3. Australia
             12.4.4. India
             12.4.5. Malaysia
             12.4.6. Taiwan
             12.4.7. Indonesia
             12.4.8. South Korea
             12.4.9. Rest of Asia Pacific
     12.5. Rest of the World 
             12.5.1. South America
             12.5.2. Middle East
               Saudi Arabia
               Rest of Middle East
             12.5.3. Africa
13 Competitive Landscape 
     13.1. Introduction  
     13.2. Top 5 Company Revenue Analysis  
     13.3. Market Share Analysis (2022) 
     13.4. Company Evaluation Quadrant, 2022 
             13.4.1. Star
             13.4.2. Emerging Leader
             13.4.3. Pervasive
             13.4.4. Participants
     13.5. Small and Medium Enterprises (SMEs) Evaluation Quadrant, 2022 
             13.5.1. Progressive Companies
             13.5.2. Responsive Companies
             13.5.3. Dynamic Companies
             13.5.4. Starting Blocks
     13.6. Company Footprint 
     13.7. Competitive Benchmarking  
     13.8. Competitive Scenario 
14 Company Profiles  
     14.1. Daifuku 
     14.2. KION 
     14.3. SSI Schaefer 
     14.4. Toyota Industries 
     14.5. Honeywell International 
     14.6. Hyster-Yale Material Handling  
     14.7. Jungheinrich 
     14.8. Hanwha 
     14.9. JBT 
     14.10. KUKA 
     14.11. BEUMER 
     14.12. KNAPP 
     14.13. Murata Machinery 
     14.14. TGW Logistics 
     14.15. Viastore 
     14.16. Addverb Technologies 
     14.17. Autocrib 
     14.18. Automation Logistic 
     14.19. Avancon 
     14.20. Ferreto 
     14.21. Grabit 
     14.22. Invata Intralogistics 
     14.23. Invia Robotics 
     14.24. Locus Robotics 
     14.25. Meiden America 
     14.26. Mobile Industrial Robots 
     14.27. Westfalia Technologies 
15 Appendix 
*This is a tentative table of contents, and there might be few changes during the course of the study  

The study involves four major activities that estimate the size of the automated material handling equipment market. Exhaustive secondary research was conducted to collect information related to the market. Following this was validating these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall size of the automated material handling equipment market. Subsequently, market breakdown and data triangulation procedures were used to determine the extent of different segments and subsegments of the market.

Secondary Research

Secondary sources in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data were collected and analyzed to estimate the overall market size, further validated by primary research.

Primary Research

In the primary research process, numerous sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information about this report. Various primary interviews were conducted with several market experts from demand (agriculture and construction companies) and supply sides (automated material handling equipment manufacturers and distributors). Approximately 25% of the primary interviews were conducted with the demand side and 75% with the supply side. These data were collected mainly through questionnaires, emails, and telephonic interviews, accounting for 80% of the primary interviews.

Automated Material Handling Equipment Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the automated material handling equipment market and other dependent submarkets listed in this report.

  • The key players in the industry and markets were identified through extensive secondary research.
  • Both the supply chain of the industry and the market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Market Size Estimation Methodology-Bottom-up Approach

Automated Material Handling Equipment Market Size, and Bottom-up Approach

Data Triangulation

After estimating the overall market size, the total market was split into several segments. The market breakdown and data triangulation procedures were employed wherever applicable to complete the overall market engineering process and gauge exact statistics for all segments. The data were triangulated by studying various factors and trends from both the demand and supply sides. The market was also validated using both top-down and bottom-up approaches.

Market Definition

Automated material handling equipment (AMHE) are integrated system used for material handling and storing during product manufacturing, warehousing, and distribution. These systems also serve the purpose of controlling the flow of materials in a manufacturing facility. The key objective of deploying automated material handling equipment is to ensure that the right materials are safely delivered to the desired destination at the right time and at the minimum cost. Automated material handling equipment includes automated guided vehicles (AGV), automated storage and retrieval systems (ASRS), cranes, robots, warehouse management systems, and conveyors and sortation systems.


  • Integrators of material handling systems
  • Warehousing companies
  • Government bodies, venture capitalists, and private equity firms
  • Manufacturers of AMHE
  • Research organizations, forums, alliances, and associations
  • Software and service providers
  • Components Suppliers
  • Venture Capitalists, Private Equity Firms, and Startup Companies

The main objectives of this study are as follows:

  • To describe and forecast the automated material handling equipment (AMHE) market, in terms of value, segmented by product, system type, and industry.
  • To forecast the market size, in terms of value, for four specific regions—North America, Europe, Asia Pacific, and Rest of the World.
  • To describe the software and services provided for automated material handling equipment and outdoor material handling equipment.
  • To provide the latest warehousing technology trends impacting the automated material handling equipment market.
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market’s growth.
  • To analyze the probable impact of the recession on the market in the future.
  • To provide a comprehensive overview of the value chain of the AMHE ecosystem.
  • To strategically analyze micromarkets1 concerning individual growth trends, prospects, and contributions to the total market.
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, and provide a detailed market competitive landscape.

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