Automated Material Handling Equipment Market Report 2025

The automated material handling equipment market size has grown strongly in recent years. It will grow from $40.14 billion in 2024 to $43.34 billion in 2025 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to demand for scalability, shift to just-in-time manufacturing, globalization of supply chains, rise of robotics, logistics optimization.

The automated material handling equipment market size is expected to see strong growth in the next few years. It will grow to $59.43 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to industry digitization, warehouse automation, industry 4 advancements, smart manufacturing initiatives, demand for customizable solutions. Major trends in the forecast period include supply chain resilience, sustainable practices, remote monitoring and control, urbanization and logistics, software integration.

The growth of e-commerce is driving the automatic material handling equipment market. E-commerce refers to the buying and selling of products and services, or the transfer of money or data, through an electronic network, typically the internet. The expansion of the e-commerce sector is fueled by shifts in consumer preferences, enhanced convenience, and personalized experiences. Automatic material handling equipment plays a crucial role by facilitating effective packaging and managing the supply chain ecosystem. For example, in August 2023, Shopify Inc., a Canadian e-commerce company, reported that the global e-commerce sector was projected to be valued at $6.3 trillion in 2023. This figure is expected to rise in the coming years, with online purchases predicted to represent 21.2% of all retail sales by 2024. Additionally, in February 2023, Forbes, a US-based business magazine, stated that the global e-commerce market is anticipated to surpass $8.1 trillion by 2026. Therefore, the increasing e-commerce activity will drive growth in the automatic material handling equipment market.

The escalating demand within the semiconductor industry is projected to significantly boost the automated material handling equipment market. The semiconductor industry encompasses activities related to the design, development, manufacturing, and distribution of semiconductor devices. Integrating automated material handling equipment within this sector can significantly enhance competitiveness, operational efficiency, and reliability in the manufacturing process. Consequently, it can lead to improved product quality and enhanced customer satisfaction. For instance, data from the World Semiconductor Trade Statistics Organization in June 2022 revealed a substantial 21.1% surge in global semiconductor sales in April 2022 compared to the previous year. This upsurge in demand within the semiconductor industry stands as a driving force propelling the growth of the automated material handling equipment market.

Technological advancements represent a pivotal trend gaining traction in the automated material handling equipment market. Leading industry players are focused on innovating deep automation technologies to maintain their competitive edge in this sector. Deep automation involves highly advanced technologies, often incorporating artificial intelligence (AI) and machine learning (ML) capabilities. For example, in May 2023, Epiroc AB, a Sweden-based company specializing in equipment and services, introduced deep automation targeting enhanced productivity, safety, and efficiency in underground mining operations. This cutting-edge technology reduces human intervention while increasing precision and accuracy in material handling procedures. Offering automation across various operations like drilling, loading, hauling, and dumping, this advanced solution represents the next frontier in underground material handling automation. This emphasis on innovative technological solutions is anticipated to drive the evolution of the automated material handling equipment market.

Prominent companies within the automated material handling equipment market are directing their efforts towards innovative product development, particularly focusing on electric forklift models, to bolster their market revenues. Electric forklifts, powered by rechargeable batteries, serve as an environmentally friendly alternative to conventional internal combustion forklifts that typically run on gasoline or diesel fuel. Notably, in May 2023, Toyota Material Handling Corporation (TMHC), a Sweden-based entity specializing in the development, manufacturing, and distribution of industrial vehicles, introduced a line of electric forklift models. The innovative electric Center Rider Stacker, featuring a distinctive three-in-one design, combines the functionalities of an order picker, counterbalanced forklift, and center rider into a single unit. With a lift height of 72 inches and a lifting capacity of 2,500 pounds, this center rider stacker optimizes productivity while reducing personnel, operational, and equipment expenses. TMHC also introduced other electric products, including a side-entry end rider and an industrial tow tractor, offering clients unparalleled efficiency, adaptability, and top-notch performance while prioritizing operator comfort.

In March 2022, Toyota Industries Corporation, a Japan-based manufacturing company specializing in material handling systems, made an undisclosed acquisition of Viastore Systems. This strategic acquisition broadened Toyota's material handling product portfolio, enhanced the overall customer experience, and expanded its market presence in Europe. Viastore Systems, headquartered in Germany, specializes in materials handling systems, intralogistics software, and support services.

Major companies operating in the automated material handling equipment market are Daifuku Co Ltd., Toyota Industries Corporation, Kion Group AG, Honeywell International Inc., Fritz Schäfer GmbH, The Beumer Group GmbH & Co KG, Cargotec Oyj, John Bean Technologies Corporation, Murata Machinery Ltd., INCAS SpA S.U., Jungheinrich AG, KNAPP Group, Midea Group, TGW Logistics Group, Siemens AG, Robert Bosch GmbH, Schaefer Systems International Inc., Hyster-Yale Materials Handling Inc., Fives Group, KUKA AG, Vecna Robotics Inc., Grey Orange Pte. Ltd., The Interroll Worldwide Group, Swisslog Holding AG, Dematic GmbH, Vanderlande Industries, Grenzebach Maschinenbau GmbH, Bastian Solutions LLC, Mecalux S.A., Viastore Systems GmbH, Witron Logistik + Informatik GmbH.

Asia-Pacific was the largest region in the automated material handling equipment market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automated material handling equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automated material handling equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Automated material handling equipment encompasses computerized technologies that eliminate the need for human labor, employing robots to transfer materials efficiently from one location to another. This approach enhances overall operational efficiency by optimizing time and space utilization and effectively managing, storing, and controlling material flow.

The primary types of automated material handling equipment include robots, Automated Storage and Retrieval Systems (ASRS), conveyors and sortation systems, cranes, Warehouse Management Systems (WMS), and Automated Guided Vehicles (AGV). Robots play a crucial role in automating heavy, monotonous, and high-risk tasks within the production line, executing specific activities swiftly and accurately with minimal human intervention. Two main systems within automated material handling equipment are unit load material handling and bulk load material handling. These systems find diverse applications across various industries, including automotive, metals and heavy machinery, food and beverages, chemicals, healthcare, third-party logistics (3PL), semiconductors and electronics, aviation, e-commerce, and other verticals.

The automated material handling equipment market research report is one of a series of new reports that provides automated material handling equipment market statistics, including automated material handling equipment industry global market size, regional shares, competitors with an automated material handling equipment market share, detailed automated material handling equipment market segments, market trends and opportunities, and any further data you may need to thrive in the automated material handling equipment industry. This automated material handling equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automated material handling equipment market consists of sales of assembling, packaging, storage, transportation, and other automated material handling equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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