Top Companies in Automated Material Handling Equipment Market | Key players In-depth Analysis in One Click
With the introduction of technology such as robots, wireless technologies, and autonomous cars in industries such as food and beverage, retail, general manufacturing, pharmaceuticals, and post and parcel, the use of Automated Material Handling Equipment has revolutionized.
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Upcoming Trends in Automated Material Handling Equipment Market
The global Automated Material Handling Equipment market is valued at USD 26.28 Billion in 2021 and is projected to reach a value of USD 44.33 Billion by 2028 at a CAGR of 9.1% over the forecast period. Material handling involves a wide range of activities, including movement, protection, storage, and control, which are performed during manufacturing, warehousing, distribution, consumption, and disposal of products and materials. It is nowadays commonly conducted using Automated Material Handling Equipment to reduce human intervention and improve logistics management. It also helps in forecasting, production planning, resource allocation, inventory control, flow and process management, and after-sales support and services. Consequently, several organizations are relying on automated handling equipment to improve customer service, reduce inventory, shorten delivery time, and lower overall handling costs.
Rapid industrialization, the emergence of the Fourth Industrial Revolution (Industry 4.0), and the widespread adoption of the internet of things (IoT), artificial intelligence (AI), and radio frequency identification (RFID) technologies are among the major factors spurring the market growth. Apart from this, due to the substantial rise in the aerospace, agriculture, automotive, and construction industries, leading companies in these sectors are utilizing next-generation Automated Material Handling Equipment to modernize manufacturing processes, increase flexibility in warehouse operations and enhance transparency in the supply chain. Moreover, key players are emphasizing mergers and acquisitions (M&A), collaborations, and partnerships with other companies to introduce innovative products. Furthermore, on account of the coronavirus disease (COVID-19) outbreak, implementation of social distancing rules by governing agencies, and the rising adoption of remote working models, these players are also focusing on automating and digitizing the supply chains. This, in turn, is expected to provide a positive impact on the market growth.
Some of the key players operating in the Automated Material Handling Equipment market are listed below:
|
Company Name |
Revenue in USD |
|
$497 Million |
|
$749 Million |
|
$3 Billion |
|
$4 Billion |
|
$70 Billion |
|
$6 Billion |
|
$2 Billion |
|
$1 Billion |
|
$367 Million |
|
$22 Billion |
The company's main products are industrial machines such as textile machinery, turning machines, sheet metal machinery, and communication equipment like digital multifunctional products. In addition, Murata Machinery provides factory automation and logistics systems centering on the automated storage and automated transportation systems, and also automated material handling systems for cleanrooms designed for semiconductor fab
Swisslog is a global company with Swiss roots, specializing in the delivery of logistics automation for warehouses and distribution centers. Headquartered in Buchs, Aargau, Switzerland, Swisslog provides automation products and services in more than 25 countries
The company is one of the world's leading providers of modular warehousing and logistics solutions for innovative industry-specific answers to its customers’ unique challenges.
Daifuku Co., Ltd. is a Japanese material-handling equipment company, founded in 1937, in Osaka. As of 2017, it was the leading material handling system supplier in the world. The company is listed on the Tokyo stock market as 6383 (TYO).
Siemens AG is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad.
Bosch Rexroth AG is an engineering firm based in Lohr am Main in Germany. It is the result of a merger on 1 May 2001 between Mannesmann Rexroth AG and the Automation Technology Business Unit of Robert Bosch GmbH and is a wholly-owned subsidiary of Robert Bosch GmbH.
Dematic is an intralogistics innovator that designs, builds, and supports intelligent, automated solutions for manufacturing, warehouse, and distribution environments for customers that are powering the future of commerce. With engineering centers, manufacturing facilities, and service centers located in more than 25 countries, the Dematic global network of 10,000 employees has helped achieve more than 6,000 worldwide customer installations for some of the world’s leading brands. Headquartered in Atlanta, Dematic is a member of KION Group, one of the global leaders in industrial trucks and supply chain solutions, and a leading provider of warehouse automation.
JBT Corporation, for John Bean Technologies Corporation, is a global food processing machinery and airport Equipment Company. JBT Corporation was incorporated in 2008 when FMC Technologies divested its non-energy businesses. JBT Corporation is based in Chicago, Illinois.
Since 1952, Bastian Solutions has grown from a Midwest company into a global corporation with over 20 U.S. offices as well as international offices in Brazil, Canada, India, and Mexico. Additionally, the company engineers and manufactures many of its own products, including Bastian Solutions conveyor and Exacta Supply Chain Software. As a systems integrator, Bastian Solutions seeks out leading technologies in both material handling equipment and information systems coupled with proven operational strategies.
Toyota Industries Corporation is a Japanese machine maker. Originally, and still active, a manufacturer of automatic looms, it is the company from which Toyota Motor Corporation developed. It is the world's largest manufacturer of forklift trucks measured by revenues.
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