Automated Material Handling Equipment Market

Market Leaders - Automated Material Handling Equipment Market

AMH equipment refers to an integrated system used for material handling and storing during manufacturing, warehousing, and distribution of a product. These systems also serve the purpose of controlling the material flow. The key objective of deploying the AMH equipment is to ensure that the right amount of the material is safely delivered to the desired destination at the right time and at minimum cost. The growing presence of start-up companies offering robotic solutions for warehouse automation, increasing popularity of AMH equipment among leading industries, significant recovery in global manufacturing, and rising labor cost and safety concerns are driving the AMH equipment market. The AMH equipment market is expected to reach USD 53.59 billion by 2024 from USD 33.46 billion by 2018, at a CAGR of 8.2% during 2018–2024. Toyota Industries (Japan), Jungheinrich (Germany), and KION (Germany) are a few leading players in the AMH equipment market.

Toyota Industries is a well-known manufacturer of automobiles and industrial machines. The company engages in the development, manufacturing, and sales of logistics equipment and systems including industrial vehicles, transportation, sorting systems, and storage systems. It is also one of the leading AMH equipment providers. The company offers a broad range of material handling solutions through its own brands and subsidiaries. In the recent years, Toyota Industries has adopted the strategy of strategic acquisitions to further strengthen its leadership in the AMH equipment market. For instance, in February 2017, the company acquired Bastian Solutions to extend its reach to the North American material handling market. Further, in March 2017, Toyota Industries acquired Vanderlande, a leading provider of AMH equipment, to strengthen its material handling product portfolio.

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Jungheinrich is one of the world’s most successful automated material handling equipment providers. The company has extensive experience in providing customized automated material handling. Jungheinrich’s material handling solutions range from partial to fully automated systems. In recent years, the company has been focusing on inorganic growth strategies such as contracts to further grow its business. For instance, in June 2018, Jungheinrich signed a contract with VAHLE Group to construct an automated warehousing facility for the latter. Moreover, in March 2018, Jungheinrich signed a contract with Erfurter Teigwaren to build a semiautomatic finished goods warehouse for the latter.

KION offers industrial trucks, automated material handling solutions, and related services. The company is one of the leading players in the European industrial trucks market. A constant focus on strategic acquisitions has enabled the company to become one of the global leaders in the field of automated material handling. In November 2016, KION acquired Dematic, a leading provider of warehouse automation, for USD 3.25 billion. Furthermore, in April 2016, the company acquired Retrotech (US), a leading provider of modernization and support solutions for automated material handling systems. KION sells its products through world-renowned brands, such as Dematic, Linde, STILL, Baoli, OM STILL, and OM Voltas. The extensive material handling product lineup has helped the company to acquire a significant market share from both economy and premium segments in the AMH equipment market.

Other companies in the AMH equipment market include Daifuku (Japan), Hyster-Yale Materials Handling (US), Hanwha (South Korea), John Bean Technologies (US), KUKA (Germany), BEUMER (Germany), Fives (France), KNAPP (Germany), Murata Machinery (Japan), SSI Schaefer (Germany), TGW (Austria), and Viastore (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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