Singapore Automated Material Handling Equipment Market Size & Outlook
Singapore automated material handling equipment market, 2018-2030 (US$M)
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Singapore automated material handling equipment market highlights
- The Singapore automated material handling equipment market generated a revenue of USD 609.0 million in 2023 and is expected to reach USD 1,086.6 million by 2030.
- The Singapore market is expected to grow at a CAGR of 8.6% 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.
Automated material handling equipment market data book summary
| Market revenue in 2023 | USD 609.0 million |
| Market revenue in 2030 | USD 1,086.6 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Robots |
| Fastest growing segment | Collaborative Robots |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Singapore accounted for 1.0% of the global automated material handling equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India automated material handling equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,601.0 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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Singapore 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 23.14% in 2024. Horizon Databook has segmented the Singapore 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.
Singapore is a pioneer in adopting new technology, reflected in the trends driving the adoption of automated material-handling equipment in the country. One of the key drivers of adoption is Singapore's strong focus on becoming a smart city.
As part of this effort, automated material handling equipment is critical in improving supply chain efficiency, reducing congestion, and minimizing the carbon footprint of logistics operations. Companies are also focusing on creating brand awareness and expanding their brand presence in the country.
For instance, as of October 2021, Körber, an AMH equipment manufacturer is focused on accelerating its presence in Asia Pacific and developing a regional hub in Singapore. Singapore also focuses on developing automated hospital infrastructure where companies such as Daifuku Co., Ltd. aim to improve hospital logistics.
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Our clientele includes a mix of automated material handling equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore automated material handling equipment market , including forecasts for subscribers. This country databook contains high-level insights into Singapore automated material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore automated material handling equipment market size, by product, 2018-2030 (US$M)
Singapore Automated Material Handling Equipment Market Outlook Share, 2024 & 2030 (US$M)
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