Automated Material Handling Equipment Market
North America Automated Material Handling Equipment Market Size Expands at CAGR of 7.87% to Surpass USD 18 Billion by 2030
Published | 31 January 2024
North America Automated Material Handling Equipment Market is flourishing because of the rapidly growing e-commerce sector and rising focus on operational efficiency.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the North America Automated Material Handling Equipment Market size at USD 11.48 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the North America Automated Material Handling Equipment Market size to expand at a CAGR of 7.87% reaching a value of USD 18.09 billion by 2030. Growing industrial output and rising consumer demand for higher quality and more efficient products are two of the key growth drivers for the North American automated material handling equipment market. The market for Automated Material Handling Equipment in North America is also expected to be driven by the growing integration of innovative technologies, such as artificial intelligence (AI), the Internet of Things (IoT), and machine learning, into material handling and industrial processes over the forecast period.
Opportunity: Rising demand for automation across industries
Automated material handling equipment is gaining significant demand traction across many industries, including food & beverages, metals & heavy machinery, chemicals, automotive, and healthcare. The growth of the market in these industries is mainly attributed to the advantages it offers, such as improved quality control, space maximization, reduced contamination, lowered operating costs, and streamlined workflow. The use of AMH equipment, such as robotics and automated guided vehicles (AGV), assists in performing manual tasks, such as pick and place, storage, retrieval, and transportation, which enhance worker safety and reduce human errors and accidents. Such benefits are anticipated to drive the North America automated material handling equipment market during the forecast period.
North America Automated Material Handling Equipment Market
North America Automated Material Handling Equipment Market – By System Type
Based on system type, the North America Automated Material Handling Equipment Market is bifurcated into unit load material handling and bulk load material handling segments. The unit load material handling segment holds a larger share in the North America Automated Material Handling Equipment Market. The growth of the segment is mainly attributed to improved efficiency, safer handling of containers, and reduced accidents at warehouses. These unit loads are considered safer in container handling and reduce product waste and handling costs by limiting workforce handling.
North America Automated Material Handling Equipment Market – By Country
The in-depth research report on the North America Automated Material Handling Equipment Market covers the market in the United States and Canada. The United States dominates the North America Automated Material Handling Equipment Market owing to its high industrial production. The US manufacturing output will account for 16% in 2021 and rank second after China, according to Cato Org, an American libertarian think tank. The manufacturers in the region are significantly investing in automation to reduce their operational costs and tackle surging labor costs, which is directly fueling the demand for automated material handling equipment in the country.
Major players operating in the North America Automated Material Handling Equipment Market include Honeywell Intelligrated, Dematic, SSI Schaefer, Murata Machinery, USA, Inc., Swisslog Holding AG, Kardex Group, Vanderlande Industries, BEUMER Group, and Westfalia Technologies, Inc.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the North America Automated Material Handling Equipment Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the North America Automated Material Handling Equipment Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
BlueWeave Consulting & Research Pvt Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
- North America Automated Material Handling Equipment Market, By Product (Robots, ASRS, Conveyors & Sortation Systems, Cranes, WMS, AGVs); By System Type (Unit Load Material Handling, Bulk Load Material Handling); By Vertical (Automotive, Metals & Heavy Machinery, Food & Beverages, Chemicals, Healthcare, 3PL, Semiconductor & Electronics, Aviation, e-Commerce, Others); By Country (United States, Canada), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
Publish Date: January 2024
The growth of the North American Automated Material Handling Equipment Market is anticipated to be driven by the expansion of e-commerce and the emphasis on operational efficiency over the forecast period of 2024 to 2030.
Relevant Press Releases
- Saudi Arabia Industrial Valves Market Size to Grow at Steady CAGR of 6.10% during 2023–2029
- India Precision Ball Bearings Market Size More Than Doubles to Touch USD 4 Billion by 2029
- Global Automatic Labeling Machine Market to Grow at a CAGR of 5.5%, during Forecast Period
- US Cloud Electronic Design Automation (EDA) Market Growing Steadily Despite the Pandemic—Projected to Reach Worth USD 2.7 Billion in 2027
- Global Robotics End of Arm Tooling Market Size Set to Touch USD 4.48 Billion by 2029