USD 1.51 Bn growth opportunity in Automated Material Handling Equipment Market in US | Automotive segment to account for maximum share


Classified in: Mining industry, Covid-19 virus
Subject: MRR

NEW YORK, March 10, 2022 /PRNewswire/ — The automated material handling equipment market in US will witness a growth of USD 1.51 billion between 2021 and 2026, expanding at a CAGR of 3.97% during the forecast period. Technavio expects the market to witness substantial growth in the automotive segment owing to the increasing sales of automobiles. Daifuku Co. Ltd., Grabit Inc., Honeywell International Inc., Hyster Yale Materials Handling Inc., inVia Robotics Inc., John Bean Technologies Corp., KION GROUP AG, Locus Robotics Corp., Material Handling Systems Inc., and Meidensha Corp. are identified as the dominant players in the market.

Make confident decisions using the benchmarks and analysis available in our full report on the automated material handling equipment market in US.
Download a Free Sample before purchasing

One of the primary growth drivers for this market is the advanced automation of processing plants. The increase in labor costs is driving end-users in the market to adopt advanced automation technologies and robots in manufacturing plants. Besides, operators across industries such as food and beverage and pharmaceutical need to constantly comply with changing regulations. This has increased the adoption of automated material handling equipment among industrial operators. The growing demand is driving many vendors in the market to increase their R&D efforts to introduce new products that are efficient and easy to integrate with automation technologies in manufacturing facilities. These factors will have a positive impact on the growth of the market during the forecast period.

In addition, the significant growth in the e-commerce industry and enhancement in warehouse operational efficiency by adopting AS/RS will further accelerate the growth of the automated material handling equipment market in US.

Automated Material Handling Equipment Market in US: Segment highlights

  • By product, the market is segmented by conveyor systems, AS/RS, robotics systems, and AGVs.
  • The conveyor system segment will witness maximum growth during the forecast period. The segment is driven by increasing demand for airport baggage handling and in the e-commerce, manufacturing, and automotive industries. Also, the increase in the number of air travelers and the development of smart airports will be crucial in driving the growth of the segment.
  • Similarly, by end-user, the market growth will be significant in the automotive segment. The increasing demand for AGVs and conveyor systems in automotive production plants will drive the growth of the segment. The market growth in the segment will be significant during the forecast period.

Download Free Sample Report for highlights on other segments in the market.

Notes:

  • The automated material handling equipment market size in US is expected to accelerate at a CAGR of 3.97% during the forecast period.
  • The automated material handling equipment market in US is segmented by product (conveyor system, AS/RS, robotics system, and AGV) and end-user (automotive, e-commerce and 3PL, food and beverage, and others).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including Daifuku Co. Ltd., Grabit Inc., Honeywell International Inc., Hyster Yale Materials Handling Inc., inVia Robotics Inc., John Bean Technologies Corp., KION GROUP AG, Locus Robotics Corp., Material Handling Systems Inc., and Meidensha Corp.

Related Reports:

Automated Material Handling Equipment (AMHE) Market in APAC by Application and Geography – Forecast and Analysis 2022-2026

Robotics End-Of-Arm Tooling Market by Application and Geography – Forecast and Analysis 2021-2025

Automated Material Handling Equipment Market in US: Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.97%

Market growth 2022-2026

USD 1.51 billion

Market structure

Fragmented

YoY growth (%)

3.01

Regional analysis

US

Performing market contribution

US at 100%

Key consumer countries

US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Daifuku Co. Ltd., Grabit Inc., Honeywell International Inc., Hyster Yale Materials Handling Inc., inVia Robotics Inc., John Bean Technologies Corp., KION GROUP AG, Locus Robotics Corp., Material Handling Systems Inc., and Meidensha Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1. Executive Summary                           

                1.1     Market Overview            

                                Exhibit 01:  Key Finding 1

                                Exhibit 02:  Key Finding 2

                                Exhibit 03:  Key Finding 6

                                Exhibit 04:  Key Finding 7

2. Market Landscape             

             2.1 Market ecosystem

                                2.1.1 Parent Market

                                Exhibit 05  Parent market

                                Exhibit 06:  Market characteristics

                2.2 Value Chain Analysis          

                                Exhibit 07:  Value Chain Analysis: Industrial machinery

                                2.2.1    Inputs

                                2.2.2    Inbound logistics

                                2.2.3    Operations

                                2.2.4    Outbound logistics

                                2.2.5    Marketing and sales

                                2.2.6    Aftermarket and service

                             2.2.7   Industry innovations

3. Market Sizing       

                3.1 Market definition

                                Exhibit 08:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 09:  Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021 – 2026 

                                3.4.1Estimating growth rates for emerging and high-growth markets

                                3.4.2Estimating growth rates for mature markets

                                Exhibit 10:  US – Market size and forecast 2021 – 2026 ($ million)

                                Exhibit 11:  US: Year-over-year growth 2021 – 2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 12:  Five forces analysis 2021 – 2026

                4.2 Bargaining power of buyers           

                                Exhibit 13: Bargaining power of the buyer

                4.3 Bargaining power of suppliers       

                                Exhibit 14: Bargaining power of the supplier

                4.4 Threat of new entrants    

                                Exhibit 15: Threat of new entrants

                4.5 Threat of substitutes         

                                Exhibit 16: Threat of substitutes

                4.6 Threat of rivalry   

                                Exhibit 17: Threat of rivalry

                4.7 Market condition

                                Exhibit 18: Market condition – Five forces 2021

5. Market Segmentation by  Product              

              5.1 Market segments

                                Exhibit 19:  Product- Market share 2021 – 2026 (%)

                5.2 Comparison by product    

                                Exhibit 20:  Comparison by Product

                5.3 Conveyor system – Market size and forecast 2021-2026       

                                Exhibit 21:  Conveyor system – Market size and forecast 2020-2025 ($ million)

                                Exhibit 22:  Conveyor system – Year-over-year growth 2020-2025 (%)

                5.4 AS/RS – Market size and forecast 2021-2026             

                                Exhibit 23:  AS/RS – Market size and forecast 2020-2025 ($ million)

                                Exhibit 24:  AS/RS – Year-over-year growth 2020-2025 (%)

                5.5 Robotics system – Market size and forecast 2021-2026        

                                Exhibit 25:  Robotics system – Market size and forecast 2020-2025 ($ million)

                                Exhibit 26:  Robotics system – Year-over-year growth 2020-2025 (%)

                5.6 AGV – Market size and forecast 2021-2026                

                                Exhibit 27:  AGV  – Market size and forecast 2020-2025 ($ million)

                                Exhibit 28:  AGV – Year-over-year growth 2020-2025 (%)

                5.7 Market opportunity by Product    

                                Exhibit 29:  Market opportunity by Product

6 Market Segmentation by  End-user              

                6.1 Market segments             

                                Exhibit 30:  End-user- Market share 2021-2026 (%)

                6.2 Comparison by End-user  

                                Exhibit 31:  Comparison by End-user

                6.3 Automotive – Market size and forecast 2021-2026 

                                Exhibit 32:  Automotive – Market size and forecast 2021-2026 ($ million)

                                Exhibit 33:  Automotive – Year-over-year growth 2021-2026 (%)

                6.4 E-commerce and 3PL – Market size and forecast 2021-2026               

                                Exhibit 34:  E-commerce and 3PL – Market size and forecast 2021-2026 ($ million)

                                Exhibit 35:  E-commerce and 3PL – Year-over-year growth 2021-2026 (%)

                6.5 Food and beverage – Market size and forecast 2021-2026  

                                Exhibit 36:  Food and beverage – Market size and forecast 2021-2026 ($ million)

                                Exhibit 37:  Food and beverage – Year-over-year growth 2021-2026 (%)

                6.6 Others – Market size and forecast 2021-2026           

                                Exhibit 38:  Others – Market size and forecast 2021-2026 ($ million)

                                Exhibit 39:  Others – Year-over-year growth 2021-2026 (%)

                6.7 Market opportunity by End-user  

 Exhibit 40:  Market opportunity by End-user

7. Customer landscape                         

                                Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                7.1 Overview

                                Exhibit 41:  Customer landscape

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1    Advanced automation of processing plants

                                8.1.2    Significant growth in the e-commerce industry

                                8.1.3    Enhancement in warehouse operational efficiency by adopting AS/RS

                8.2 Market challenges              

                                8.2.1    Complexity in the usage of automated material handling equipment

                                8.2.2    Increased exposure to macroeconomic factors

                                8.2.3    High CAPEX involved in manufacturing automated material handling equipment

                                Exhibit 42:  Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1    Advent of Industry 4.0

                                8.3.2    Rising number of strategic alliances

                                8.3.3    Increasing number of fulfillment centers in the US

9. Vendor Landscape                             

                9.1 Overview

                                Exhibit 43:  Vendor landscape

                9.2 Landscape disruption        

                                Exhibit 44:  Landscape disruption

                                Exhibit 45: Industry Risk

                9.3 Competitive Landscape    

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 46: Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 47: Market positioning of vendors

                10.3 Daifuku Co. Ltd. 

                                Exhibit 48:  Daifuku Co. Ltd. – Overview

                                Exhibit 49:  Daifuku Co. Ltd. – Business segments

                                Exhibit 50:  Daifuku Co. Ltd. – Key offerings

                                Exhibit 51:  Daifuku Co. Ltd. – Segment focus

                10.4 Grabit Inc.           

                                Exhibit 52:  Grabit Inc. – Overview

                                Exhibit 53:  Grabit Inc. – Product and service

                                Exhibit 54:  Grabit Inc. – Key offerings

                10.5 Honeywell International Inc.        

                                Exhibit 55:  Honeywell International Inc. – Overview

                                Exhibit 56:  Honeywell International Inc. – Business segments

                                Exhibit 57:  Honeywell International Inc. – Key offerings

                                Exhibit 58:  Honeywell International Inc. – Segment focus

                10.6 Hyster Yale Materials Handling Inc.           

                                Exhibit 59:  Hyster Yale Materials Handling Inc. – Overview

                                Exhibit 60:  Hyster Yale Materials Handling Inc. – Business segments

                                Exhibit 61:  Hyster Yale Materials Handling Inc. – Key offerings

                                Exhibit 62:  Hyster Yale Materials Handling Inc. – Segment focus

                10.7 inVia Robotics Inc.            

                                Exhibit 63:  inVia Robotics Inc. – Overview

                                Exhibit 64:  inVia Robotics Inc. – Product and service

                                Exhibit 65:  inVia Robotics Inc. – Key offerings

                10.8 John Bean Technologies Corp.    

                                Exhibit 66:  John Bean Technologies Corp. – Overview

                                Exhibit 67:  John Bean Technologies Corp. – Business segments

                                Exhibit 68:  John Bean Technologies Corp. – Key news

                                Exhibit 69:  John Bean Technologies Corp. – Key offerings

                                Exhibit 70:  John Bean Technologies Corp. – Segment focus

                10.9 KION GROUP AG

                                Exhibit 71:  KION GROUP AG – Overview

                                Exhibit 72:  KION GROUP AG – Business segments

                                Exhibit 73:  KION GROUP AG – Key news

                                Exhibit 74:  KION GROUP AG – Key offerings

                                Exhibit 75:  KION GROUP AG – Segment focus

                10.10 Locus Robotics Corp.    

                                Exhibit 76:  Locus Robotics Corp. – Overview

                                Exhibit 77:  Locus Robotics Corp. – Product and service

                                Exhibit 78:  Locus Robotics Corp. – Key news

                                Exhibit 79:  Locus Robotics Corp. – Key offerings

                10.11 Material Handling Systems Inc.

                                Exhibit 80:  Material Handling Systems Inc. – Overview

                                Exhibit 81:  Material Handling Systems Inc. – Product and service

                                Exhibit 82:  Material Handling Systems Inc. – Key offerings

                10.12 Meidensha Corp.           

                                Exhibit 83:  Meidensha Corp. – Overview

                                Exhibit 84:  Meidensha Corp. – Business segments

                                Exhibit 85:  Meidensha Corp. – Key offerings

                                Exhibit 86:  Meidensha Corp. – Segment focus

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market definition

                                11.1.2 Objectives

                                11.1.3 Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 87: Currency conversion rates for US$

                11.3 Research Methodology 

                                Exhibit 88: Research Methodology

                                Exhibit 89: Validation techniques employed for market sizing

                                Exhibit 90: Information sources

                11.4 List of abbreviations        

                                Exhibit 91: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

These press releases may also interest you

at 21:09

Labrador Iron Ore Royalty Corporation (“LIORC”) announced the results of its operations for the year ended December 31, 2021.
To the Holders of Common Shares of Labrador Iron Ore Royalty Corporation
The Directors of Labrador Iron Ore Royalty…

at 21:00

The online lottery market in China is expected to grow by USD 3.67 bn from 2021 to 2026. The growth momentum of the market will accelerate at a CAGR of 5.13%, according to Technavio. Technavio analyzes the market by product (Lotto, Sports, VLT, and…

at 20:00

The HDAC (histone deacetylase) inhibitors market to grow by USD 162.42 mn from 2021 to 2026. The growth momentum of the market will decelerate at a CAGR of 7.40%, according to Technavio. The market is segmented by route of administration (oral HDAC…

at 19:55

AstraZeneca and Merck , known as MSD outside the United States and Canada, today announced that LYNPARZA has been approved by the U.S. Food and Drug Administration (FDA) for the adjuvant treatment of adult patients with deleterious or suspected…

at 19:20

KBRA Europe (KBRA) releases research on the Ukrainian refugee crisis and the impact on Poland and other host countries.

The Russian invasion of Ukraine has forced people to flee their homes and seek refuge in neighbouring countries at a scale and…

at 18:44

Tarachi Gold Corp. (“Tarachi” or the “Company”) is pleased to announce that it has closed the non-brokered private placement financing previously announced on February 15, 2022, for 23,227,005 units of the Company (the “Units”) at a price of…

News published on 10 march 2022 at 12:00 and distributed by:



Source link