Automated Material Handling (AMH) Equipment Market to Reach US$ 57.94 Billion by 2031, Owing to the Growing Need for Automation in Manufacturing Industries

The Automated Material Handling (AMH) Equipment Market is experiencing significant growth due to advancements in robotics and AI integration, which enhance efficiency and reduce operational costs. As of 2023, the market size was $25.88 billion and is projected to reach $57.94 billion by 2031, growing at a CAGR of 10.6% from 2024 to 2031, according to SNS Insider.

The growth of the AMH equipment market is driven by the need for streamlined operations, reduced equipment expenses, and improved product quality. Material handling is crucial in contemporary production systems, as it helps improve precision and increase productivity by ensuring a smooth flow of material throughout the production process. The rise of smart factories equipped with advanced motion control robots is significantly propelling the AMH industry.

Cloud-based software, IoT sensors, and machine learning are transforming material handling. Real-time data monitoring allows for the identification of inefficiencies and optimization of processes, thereby improving efficiency and reducing waste. For instance, Third Warehouse Management System (WMS) software offers functionalities like inventory management, order processing, and shipping/receiving, automating processes such as counting, receiving, monitoring, and dispatching.

The market report also includes a list of key players such as Hy-Tek Holdings, which recently acquired Winchester Industrial Controls LLC, a manufacturer of control systems and installation services for automated material handling equipment. The acquisition is expected to increase Hy-Tek Holding’s customer base and revenue in the upcoming years.

The AMH equipment market is segmented by product, system type, industry, and region. North America utilizes the most AMH equipment technology, making it the largest market. Asia Pacific holds the largest market share due to the growing demand for AMH solutions in the e-commerce, automotive, and food & beverage industries. Europe is forecast to register substantial growth, driven by the rising need for automation across manufacturing and warehousing/logistics.

The market is projected to experience sustained growth driven by several key factors such as the booming e-commerce sector demanding efficient and automated logistics solutions, continuous advancements in robotics, AI, and IoT leading to more sophisticated and intelligent AMH systems, and a growing focus on sustainability pushing manufacturers to adopt AMH equipment that optimizes energy consumption and reduces waste.

SNS Insider is a leading market research and consulting agency that provides clients with current, accurate market data, consumer insights, and opinions to help them make decisions with confidence. The company employs various techniques, including surveys, video talks, and focus groups around the world, to deliver high-quality research and consulting services.

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