UK Material Handling Integration Market Size & Outlook
UK material handling integration market, 2018-2030 (US$M)
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UK material handling integration market highlights
- The UK material handling integration market generated a revenue of USD 2,827.5 million in 2023 and is expected to reach USD 5,690.3 million by 2030.
- The UK market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Material handling integration market data book summary
| Market revenue in 2023 | USD 2,827.5 million |
| Market revenue in 2030 | USD 5,690.3 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Daifuku Co Ltd, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Cargotec Oyj ADR, KION GROUP AG, Honeywell International Inc, SSI Schaefer Systems International North America, TGW Logistics Group, Murata Manufacturing Co Ltd, Swisslog, KNAPP AG, Fives, Fortna |
Other key industry trends
- In terms of revenue, UK accounted for 6.2% of the global material handling integration market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany material handling integration market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 4,452.7 million by 2030.
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Material Handling Integration Market Scope
Material Handling Integration Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK material handling integration 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 material handling integration market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 67.18% in 2023. Horizon Databook has segmented the UK material handling integration market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The U.K. has a well-developed technological infrastructure and a high penetration of smartphones and the internet. According to GSM Association (GSMA), in 2021, the smartphone penetration in the U.K. stood at a notable 86%. According to a 2022 survey by the HSBC Group.
A U.K.-based international bank, 33% of businesses in the country have automation as an investment priority, and 49% of the country’s manufacturing businesses emphasized automation, which is an increase of 16% from 2021.
The survey included 670 U.K. firms. Businesses concerned about staff availability are among the leading adopters of automation systems. Automated material handling solutions such as AGVs and AMRs can address labor shortage challenges for businesses.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK material handling integration market , including forecasts for subscribers. This country databook contains high-level insights into UK material handling integration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK material handling integration market size, by component, 2018-2030 (US$M)
UK Material Handling Integration Market Outlook Share, 2023 & 2030 (US$M)
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