Latest News- Automated Material Handling Equipment Market in US: Conveyor system is expected to lead the Product segment during 2024-2028
The Automated Material Handling Equipment Market in US is being driven by Advanced automation of processing plants
The Automated Material Handling Equipment Market in US is expected to grow at a CAGR of 3% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1118.2 million. The United States market for Automated Material Handling Equipment (AMHE) is experiencing significant growth due to the ongoing industrial revolution, also known as Industry 4.0. This technological shift encompasses automation and data exchange in manufacturing and labor-intensive processes, featuring cyber-physical systems, the Internet of Things (IoT), and cloud computing. Factories adhering to Industry 4.0 standards integrate advanced robotics systems, controlled by remote computers with machine learning capabilities, to process materials with minimal human intervention. Key features of Industry 4.0 compliant factories include unified, integrated systems, robust technical support systems, and decentralized decision-making processes. These integrated systems consist of interconnected machines, devices, and sensors, monitored by system integrators as a cohesive whole.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Conveyor system, AS/RS, Robotics system, AGV) End-user (Automotive, E-commerce and 3PL, Food and beverage, Others) Geography (North America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Automated Material Handling Equipment Market in US Research Report
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The Automated Material Handling Equipment Market in the US is experiencing significant growth due to the rapid industrialization and infrastructural development. Automated guided systems, such as ASRS, offer benefits like real-time inventory management, warehouse consolidation, and increased efficiency. Robots and motion control technology are key components of automation in material handling, production systems, and smart factories. Warehouses and distribution centers prioritize accuracy, hygiene standards, and regulatory requirements to minimize contamination risks and optimize warehouse space and shipping times. Automation also reduces labor costs and increases product quality. Monitoring and sorting technologies ensure efficient stacking and handling of materials, while maintaining vertical space and adhering to floor space regulations.
The Automated Material Handling Equipment (AMHE) market in the US is a significant segment of the larger Industrial Machinery and Supplies and Components market. This market caters to businesses specializing in the manufacturing of automated guided vehicles, ASRS systems, and other automation solutions for material handling and production processes. Factors driving market growth include increasing industrialization, infrastructure development, and the resulting demand for efficiency, labor cost reduction, and product quality enhancement in manufacturing processes. Real-time inventory management and automation are key benefits of AMHE, making them indispensable for industries seeking to optimize their production systems and remain competitive.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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