Canada Automated Material Handling Equipment Market Size & Outlook
Canada automated material handling equipment market, 2018-2030 (US$M)
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Canada automated material handling equipment market highlights
- The Canada automated material handling equipment market generated a revenue of USD 1,892.8 million in 2023 and is expected to reach USD 4,230.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.2% 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 1,892.8 million |
| Market revenue in 2030 | USD 4,230.0 million |
| Growth rate | 12.2% (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, Canada accounted for 3.1% 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 North America, U.S. automated material handling equipment market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,230.0 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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Canada 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 23.17% in 2023. Horizon Databook has segmented the Canada 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.
Canada's automated material handling equipment market is experiencing growth due to various factors. This includes the increasing adoption of automation in manufacturing, logistics, and warehousing industries, driven by the need to stay competitive, the boom in e-commerce, rising labor costs, emphasis on safety and productivity, and technological advancements.
Companies are increasingly investing in automated material handling equipment such as conveyor systems, AGVs, AMRs, and robotic systems to optimize material movement, reduce manual labor, minimize errors in their operations, improve efficiency, and remain competitive in the evolving business landscape.
Additionally, there is a growing awareness of ergonomics in the workplace in Canada. Employers recognize the importance of providing employees with a safe and healthy working environment. Material handling equipment such as ergonomic lifters and assist devices are in demand to prevent workplace injuries, reduce downtime due to employee injuries, and improve overall workplace productivity.
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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 Canada automated material handling equipment market , including forecasts for subscribers. This country databook contains high-level insights into Canada automated material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada automated material handling equipment market size, by product, 2018-2030 (US$M)
Canada Automated Material Handling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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