HOME Research Insight Toyota Industries Corporation (Japan) and KION Group AG (Germany) are Some of the Leading Players in the Automated Material Handling Equipment Market



Toyota Industries Corporation (Japan) and KION Group AG (Germany) are Some of the Leading Players in the Automated Material Handling Equipment Market


Automated material handling equipment is an integrated system that is used for the movement, storage, and handling of material within a facility or at a site. The automated material handling equipment makes sure that the right amount of the material is safely delivered to the destination on time and ensures minimum cost. The automated material handling equipment is expected to be valued at USD 48.31 Billion by 2023, growing at a CAGR of 7.8% between 2017 and 2023. The factors driving the growth of the market include the growing need for automation in various industries, growing e-commerce industry, cutting in labor cost due to advancement in robotics, and increasing focus toward the safety of workers.

Daifuku Co., Ltd. (Japan), Hyster-Yale Material Handling, Inc. (US), Jungheinrich AG (Germany), KION Group AG (Germany), and Toyota Industries Corporation (Japan) are some of the leading players in the automated material handling equipment market. Product launches is the key strategy adopted by the major players to gain a competitive edge in the market.

Toyota Industries Corporation (Japan) is engaged in development, manufacturing, and sales of logistics equipment and systems including industrial vehicles, transportation, sorting systems, and storage systems. Toyota Industries Corporation focuses on acquisitions to expand its global footprint. In March 2017, Toyota acquired Vanderlande Industries Holding B.V. (Netherlands), the global market leader for value-added logistics process automation at airports and in the parcel market. The acquisition would expand Toyota’s range of materials handling equipment and systems globally beyond lift trucks. Further, in February 2017, the company acquired Bastian Solutions, LLC (US), a provider of automated material handling systems. This acquisition would strengthen Toyota’s materials handling solutions business in the North America.

KION AG (Germany) is the leading player in the European industrial trucks market. The company has presence in more than 100 countries worldwide. The company focuses on acquisitions to expand its business in all geographies.  For instance, in November 2016, the company acquired Dematic GmbH & Co. KG. (Germany)-an automated material handling system provider—to enhance its intelligent supply chain and automation solutions. In May 2015, the KION Group acquired the automation specialist Egemin Group (Belgium) and purchased its Handling Automation division for an enterprise value of approximately USD 89.6 million (72 million euros).

The other companies operating in the automated material handling equipment market include Hanwha Corporation (South Korea), John Bean Technologies Corporation (US), KUKA AG (Germany), BEUMER Group GmbH & Co. KG (Germany), Fives (France),  Knapp AG (Austria), Murata Machinery, Ltd. (Japan), SSI Schafer Group (Germany), TGW Logistics Group GmbH (Austria), and Viastore Systems GmbH (Germany).

Related Reports:

Automated Material Handling Equipment Market by Product (Robots, ASRS, Automated Conveyors and Sortation Systems, Automated Cranes, AGV), System Type (Unit Load, Bulk Load), Software & Services, Function, Industry, and Region - Global Forecast to 2023

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