Automated Material Handling (AMH) Market Size Business Growth Statistics and Key Players Insights 2022-2031

The Global Automated Material Handling (AMH) Market was valued at USD 50,544.6 million in 2022 and is expected to reach USD 101,487.3 million by 2031, registering a CAGR of 12.7%, during the period. The Census of Fatal Occupational Injuries, which has been conducted under the U.S. Bureau of Labor Statistics, has established that workplace injuries have decreased by 25% in 10 years, due to the advent of various technologies in the workplace. This helps in boosting the automated material handling market.

– With the increasing trend of industry 4.0, which invites collaboration between automated systems within facilities, warehouse managers are now interested in having enterprise-wide automation. They have been increasingly deploying goods with RFID tags, which increases the transparency and traceability of products. These technologies aid in the implementation of systems, such as robots and other technology to transform material handling technology.
– Since automation can be used to optimize an existing labor force, and it is capable of increasing productivity from 200% to 600%, systems (like horizontal and vertical carousels and VLMs) support flexible staffing measures, by enabling just one worker to handle the picking assignments of multiple operators.
– According to the 2019 Industry Report of MHI, about 65% of supply chain professionals revealed that hiring and retaining a skilled workforce continue to be among the biggest obstacles faced by their businesses. Since millennials are known for placing high importance on the quality of time-off and the ability to work on top-notch automated projects, automated warehouses are being marked as lucrative sources of employment and advanced learning.
– Developing countries in Asia, such as India, are investing in material handling equipment significantly. According to the Wisconsin Economic Development Corporation, the Indian market for materials handling equipment (MHE), accounting for about 13% market share of the country’s construction equipment industry, has witnessed significant growth in the recent past.
– This growth is primarily attributed to the increasing investment in infrastructure development, growing penetration of advanced technologies, rising demand for increased automation, and safe working practices in the manufacturing space. The market is expected to witness a CAGR of 10% from 2016 through 2020.

Click Here to Download Sample Report >> https://www.sdki.us/sample-request-80984

Key Market Trends

Airport Developments to Significantly Drive the Market Growth

– With the increasing volume of cross-border air freight dedicated to quick deliveries, the e-commerce sector is expected to boost the demand for automated material handling solutions such as tugs, ASRS, and sortation systems as heavy air freight carriers draw a considerable attention to AMH solutions.
– According to a report published by IATA in March 2019, world air cargo traffic is forecast to increase dynamically, with the annual growth rate of over 4% in the next 20 years. In that, air freight is projected to grow at a rate of 4.3% per annum.
– The North American airport industry is one of the largest airport industries in the world. It provides services to about 1,011.5 million domestic and international passengers every year. It is also home to some of the world’s biggest airports and is expected to bolster the adoption of automation, to ensure no disruptions in the business model.
– For instance, Crisplant, a foremost global supplier of automated baggage handling systems, designed, manufactured, and installed fully-automated baggage handling systems, which have been integrated with the security screening equipment deployed by Canadian Air Transport Security Authority (CATSA), in Canada’s Halifax International Airport.

Related Reports:

Automated Material Handling (AMH) Market
Industrial Motors Market
3D Scanning Market
Solenoid Valves Market
Automated Liquid Handlers Market
Automated Analyzers Market
Smart Meters Market
Middle East & Africa Smart Meters Market

Related posts

Leave a Comment