Global Automated Material Handling Systems Market to Reach $70.1 Billion by 2030, Driven by Industry 4.0 Integration and

1. "Global Automated Material Handling Systems Market to Reach $70.1 Billion by 2030, Driven by Industry 4.0 Integration and Demand for Advanced Warehouse Automation” J

2. Automated Material Handling Systems Market 2023-2030 Meticulous Research®, a premier global market intelligence firm, has released a comprehensive report titled, “Automated Material Handling Systems Market by Type (ASRS, AGV, Robotic Systems), Component, Function (Assembly, Picking, Sorting), End-use Industry (Automotive, Healthcare, Semiconductor, Manufacturing, Retail, Aviation, Postal) –Global Forecast to 2030.” The report projects that the global automated material handling systems (AMHS) market will grow at a CAGR of 8.3% from 2023, reaching a valuation of $70.1 billion by 2030. Download Sample Report Here @ https://www.meticulousresearch.com/download-sample- report/cp_id=5149?utm_source=pdf&utm_medium=social&utm_campaign=pr oduct&utm_content=16-08-2024 Market Growth Drivers The expansion of the AMHS market is primarily fueled by the rising adoption of automation technologies across various industries. Companies are increasingly focused on optimizing floor space, enhancing order processing capabilities, and implementing advanced warehouse automation solutions to meet growing demand. The proliferation of online retail platforms and the associated need for efficient supply chain management have further bolstered the adoption of AMHS. Despite these growth prospects, the market faces challenges, particularly the significant initial costs associated with AMHS deployment. However, opportunities abound with the integration of RFID and barcode technologies, the convergence of cloud computing and IoT within AMHS, and the widespread implementation of Industry 4.0 principles. These advancements are expected to offer substantial growth potential for market players. Market Challenges and Trends Market players must navigate challenges such as ensuring seamless warehouse automation without disrupting operations and addressing cybersecurity risks. A notable trend gaining traction is the increasing adoption of Robots as a Service (RaaS), which is reshaping the landscape of the automated material handling systems market. Segmentation and Key Insights • By Type: The market is segmented into automated storage & retrieval systems (ASRS), vehicle systems, conveyor & sortation systems, palletizing & depalletizing systems, and robotic systems. Robotic systems are anticipated to dominate in 2023, driven by the growing automation in manufacturing and the need for systems that can handle hazardous tasks. Meanwhile, the vehicle systems segment is expected to achieve the highest growth rate, fueled by the rising adoption of AGVs in sectors like automotive and manufacturing. • By Component: The market is divided into hardware, software, and services. Hardware is expected to hold the largest market share in 2023, supported by the demand for robust industrial components like PLCs and sensors. However, the software segment is poised for the highest growth, driven by the increasing need for remote monitoring, real-time inventory management, and task automation. • By Function: The picking function is set to lead the market in 2023, attributed to the growing emphasis on inventory accuracy and efficient order processing. This segment is also expected to record the highest growth rate over the forecast period. Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com

3. Automated Material Handling Systems Market 2023-2030 • By End-use Industry: The automotive sector is projected to be the largest end- use industry for AMHS in 2023, due to the industry's need for optimized material flow and enhanced production efficiency. The healthcare and pharmaceutical segment, however, is expected to witness the highest growth, driven by the demand for precise tracking and handling of medical supplies. Regional Insights Asia-Pacific is expected to dominate the global AMHS market in 2023, with rapid industrial transformation and significant investments in innovative technologies driving growth. The region’s strong emphasis on robotics and automation, coupled with the burgeoning e-commerce sector, positions it as the fastest-growing market globally. Leading Market Players Prominent companies in the global automated material handling systems market include SSI SCHÄFER AG (Germany), Murata Machinery, Ltd. (Japan), KNAPP AG (Austria), BEUMER Group GmbH & Co. KG (Germany), Swisslog Holding AG (Switzerland), TGW Logistics Group GmbH (Austria), and Kardex Holding AG (Switzerland), among others. These key players are continually advancingtheir product offerings to meet the evolving demands of various industries. Buy Now @ https://www.meticulousresearch.com/Checkout/77464597 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com