Automated Material Handling Equipment Companies - Daifuku and KION are the Key Players
The automated material handling equipment market 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. The constantly growing automotive, e-commerce, food and beverage, 3PL, and other industries and production is a major factor driving the growth of the global automated material handling equipment market. Moreover, the need for ASRS and AGVs for several applications is also a key factor contributing to the market growth.
The major players in the automated material handling equipment market with a significant global presence are Daifuku, KION, SSI Schaffer, Toyota Industries, and Honeywell International. The market players have adopted various strategies, such as developing advanced products, partnerships, contracts, expansions, and acquisitions, to strengthen their position in the automated material handling equipment market. The organic and inorganic strategies have helped the market players expand globally by providing advanced solutions in the automatic material handling equipment market.
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Daifuku is involved in designing and manufacturing logistics systems and material handling equipment, providing consultation, planning and engineering, installation and operation, and after-sales services. The company operates through the following business segments-Daifuku, Contec, Daifuku North America, and Clean Factomation. It mainly provides automated guided vehicles (AGV) through its Daifuku business segment. With more than 70 years of experience in the material handling industry, the company is one of the leaders in the AGV market.
KION manufactures forklifts, warehouse equipment, industrial trucks, and order fulfillment stations. KION and its subsidiaries are engaged in developing forklifts, warehouse equipment, and other industrial trucks for distribution and manufacturing industries. The company expertise in designing material handling systems, stock management and transport control systems, automation solutions, and electric trucks. KION operates through 3 major business segments— Industrial Trucks and Services, Supply Chain Solutions, and Corporate Services. It provided AGVs through Industrial Trucks and Services segment. The AGVs of KION operate under the Dematic brand.
SSI Schaefer is one of the critical providers of integrated logistics and warehousing systems. The company is a solution provider and component manufacturer for logistics systems, workstations, logistics software, and waste management systems. SSI Schaefer's strengths include its in-house design and manufacturing capability, advanced manufacturing processes, industry expertise, global presence, and sophisticated consulting services to implement complex projects. The company has 16 production sites worldwide and a global sales presence. The company offers products in categories such as storage, conveying and transport, picking, handling, and interlinked workstations. SSI Schaefer provides its ASRS products in the storage category. The company has manufacturing facilities in the US, Mexico, Germany, Austria, the Czech Republic, Malaysia, and China and distribution centers worldwide.
Toyota Industries manufactures and sells automobiles and industrial machines. It operates through the following business segments—Automobile, Materials Handling Equipment, and Textile Machinery. AGVs are offered by the company through the Materials Handling Equipment segment. The company endures a global sales network, especially in the Materials Handling Equipment and Textile Machinery segments. It develops, manufactures, and sells logistic equipment and systems, including industrial vehicles and transportation, sorting, and storage systems. The company holds production bases in North America, Europe, and Asia (including China and India). Toyota acquired Bastian Solutions, a specialist in material handling systems integration. Bastian offers various types of AGVs, which include vision-guided, tape-guided, laser-guided, RFID-guided, and tugger AGVs.
Honeywell International is engaged in designing, manufacturing, integration, and installation of complete material handling automation solutions, including conveyors, IntelliSort sortation, Alvey palletizers, robotics, and automated storage and retrieval systems-all managed by advanced machine controls and software. The company offers ASRS products through its subsidiary named Honeywell Intelligrated. Honeywell Intelligrated offers intelligent automated material handling solutions that drive distribution and fulfillment productivity for retailers, manufacturers, and logistics providers globally.
Related Reports:
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
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