According to the research report titled “Global Automated Material Handling (AMH) Market by Product Type (Hardware, Software, Services), Equipment Type (Mobile Robot, Automated Storage and Retrieval System , Automated Conveyor, Palletizer), End-user (Airport, Automotive, Food and Beverage, General Manufacturing, Pharmaceuticals), Regional Forecasts 2021-2027”, available with MarketStudyReport, global automated material handling market is expected to grow at a robust rate of more than 12.7% over the forecast period 2021-2027.
 

Global automated material handling market is mainly driven by rapid development of e-commerce sector along with incremental technological advancements. In fact, Statista claims that retail e-commerce sales amounted for USD 4.28 trillion in 2020 and is anticipated to reach USD 5.4 trillion in 2022.
 

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For the uninitiated, material handling equipment and systems are mechanical devices that move, store, manage, and safeguard materials, products, and goods as they move through the manufacture, circulation, consumption and clearing processes. This generates utility through material handling, storage and control.
 

The primary objective of the handling systems is to aid in improving product quality, productivity and labor safety, as well as reducing labor expenses, operational costs, and production lead times.
 

Speaking of the challenges, high integration and switching costs of the equipment may hinder market demand over the projection period.
 

From a geographical perspective, key contributors to global automated material handling industry are North America (U.S., Canada), Europe (U.K., France, Germany, Spain, Italy), Asia Pacific (India, China, Japan, South Korea, Australia), and Latin America (Brazil, Mexico).
 

Asia Pacific is anticipated to garner robust gains in the upcoming years owing to proliferating e-commerce sales and strong presence of technology providers. Moreover, growing middle-class population in China, India and Indonesia, along with rising penetration of mobile devices are augmenting the progress of retail and e-commerce sectors in the region, subsequently enhancing sales prospects of material handling equipment.
 

Considering competitive landscape, leading contenders influencing global automated material handling market trends are BT Corporation, System Logistics S, Daifuku Co. Ltd., SSI Schaefer AG, Jungheinrich AG, Group GmbH, Kardex Group, Mecalux SA, TGW Logistics, KION Group, and KNAPP AG.