Automated Material Handling Equipment Market Share

APAC Market Statistics

Asia Pacific industry is estimated to account for largest revenue share of 45% by 2037. The market growth in the region is also expected on account of the economic growth and the large adoption of automated solutions in various industries due to its advantages.

The rising production due to rapid industrialization in the China has increased the demand for automated material-handling equipment solutions in the electronic and automotive sectors.

The ongoing infrastructural development projects in India such as the construction of airports, bridges, and logistic centers have increased the need for better material handling equipment. According to a recent report, for the financial year 2021, the proportion of infrastructure investments to the GDP was estimated to be nearly 4%. Moreover, the use of AMHE in infrastructural projects facilitates transportation and cargo handling processes which boosts the market growth of AMHE.

North America Market Analysis

The North American region will also encounter huge growth for the automated material handling equipment market during the forecast period and will hold the second position owing to the digitalization of supply chain processes by the integration of IoT-enabled AMHE.

In the US, the growing concerns related to rising labor costs and the increasing presence of start-up companies that provide robotic solutions for warehouse automation stimulate the market growth of AMHE. According to a report, labor costs in the United States increased to 119.99 points in the fourth quarter of 2023 from 119.88 points in the third quarter of 2023. 

Canada provides solutions for automated factories, warehouses, and storage facilities as it has the availability of many key players who offer automated material handling equipment technology to various industries which further expands the market size of AMHE.