Vietnam Automated Material Handling Equipment Market Size & Outlook
Vietnam automated material handling equipment market, 2018-2030 (US$M)
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Vietnam automated material handling equipment market highlights
- The Vietnam automated material handling equipment market generated a revenue of USD 605.0 million in 2023 and is expected to reach USD 1,120.3 million by 2030.
- The Vietnam market is expected to grow at a CAGR of 9.2% 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 605.0 million |
| Market revenue in 2030 | USD 1,120.3 million |
| Growth rate | 9.2% (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, Vietnam 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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Vietnam 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 2023. Horizon Databook has segmented the Vietnam 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.
Vietnam's manufacturing and logistics industries are growing rapidly, driven by its strong economic performance and its position as a key manufacturing hub in Southeast Asia. Furthermore, the Vietnamese government is actively promoting adoption of automation technologies, including automated material handling equipment, to increase productivity and competitiveness in the country's industries.
This support includes tax incentives, infrastructure investment, and the establishment of special economic zones. For instance, in March 2021, Viatnem Net Global, an online platform in Vietnam that offers international and local news, stated that the demand for industrial robots such as AGVs and AMRs is anticipated to fuel the country's robotics industry due to the expertise of Vietnamese technology companies.
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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 Vietnam automated material handling equipment market , including forecasts for subscribers. This country databook contains high-level insights into Vietnam automated material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Vietnam automated material handling equipment market size, by product, 2018-2030 (US$M)
Vietnam Automated Material Handling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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