Europe Automated Material Handling Equipment Market Size & Outlook
Europe automated material handling equipment market, 2018-2030 (US$M)
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Europe automated material handling equipment market highlights
- The Europe automated material handling equipment market generated a revenue of USD 17,625.9 million in 2023.
- The market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, robots was the largest revenue generating product in 2023.
- Collaborative Robots is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 17,625.9 million |
| Market revenue in 2030 | USD 33,419.0 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Robots |
| Fastest growing segment | Collaborative Robots |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Robots, AS/RS, Conveyors Systems, Sortation Systems, Cranes, Collaborative Robots, Autonomous Mobile Robots, Automated Guided Vehicle, Warehouse Management System |
| Key market players worldwide | Daifuku Co Ltd, KION GROUP AG, Honeywell International Inc, Toyota Motor Corp, Hyster-Yale Materials Handling Inc Class A, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, John Bean Technologies Corp, SSI Schaefer Systems International North America, Hanwha, KUKA Robotics |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.9% of the global automated material handling equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 26,437.6 million by 2030.
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Automated Material Handling Equipment Market Scope
Automated Material Handling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe automated material handling equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automated material handling equipment market will help companies and investors design strategic landscapes.
Robots was the largest segment with a revenue share of 23.03% in 2024. Horizon Databook has segmented the Europe automated material handling equipment market based on robots, as/rs, conveyors systems, sortation systems, cranes, collaborative robots, autonomous mobile robots, automated guided vehicle, warehouse management system covering the revenue growth of each sub-segment from 2018 to 2030.
Automated material handling equipment is gaining momentum in Europe due to the increasing demand for material handling equipment from the manufacturing industry. The need for efficient and automated manufacturing, warehousing, and logistics processes has led to a growing demand for automated material handling solutions that can streamline operations, increase productivity, and reduce costs.
Further, sustainability is also driving the adoption of automated material-handling equipment in Europe. By reducing waste, energy consumption, and carbon emissions, automated systems can help companies meet their sustainability goals leading to more sustainable and eco-friendly operations.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe automated material handling equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Europe automated material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe automated material handling equipment market size, by country, 2018-2030 (US$M)
Europe Automated Material Handling Equipment Market Outlook Share, 2024 & 2030 (US$M)
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