Market revenue in 2023 | USD 12,916.6 million |
Market revenue in 2030 | USD 26,437.6 million |
Growth rate | 10.8% (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 |
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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 23.5% in 2023. Horizon Databook has segmented the North America 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 on the rise in the North America region due to several trends in the industry. One of the main drivers of automation adoption is the shortage of skilled labor. With the aging workforce and a shrinking labor pool, companies are turning to automation to increase efficiency and productivity.
Additionally, e-commerce has led to a significant increase in the demand for automated material-handling equipment. These systems can handle large volumes of orders efficiently, reducing the need for manual labor.
There is also a growing emphasis on workplace safety, and automated material handling equipment can significantly improve safety by reducing the risk of accidents and injuries.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America automated material handling equipment market , including forecasts for subscribers. This continent databook contains high-level insights into North America automated material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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