The North America Automated Material Handling Equipment Market would witness market growth of 12.9% CAGR during the forecast period (2020-2026). Material handling equipment is installed in warehouse facilities in order to manage the storage & transportation of goods & products. By improving logistics at warehouses & manufacturing units, it allows for superior productivity. These products provide a precise method, cost-efficiency, and process efficiency for the quick transportation of goods across the manufacturing facilities and warehouses, causing high demand.
The deployment of automated material handling equipment is expected to be fuelled by the constant surge in demand for automation across different industries. In recent years, the automated material handling equipment has experienced substantial growth with the development of technologies like driverless vehicles, robotics, and wireless technologies. With an aim to increase the outreach & customer base, leading players of automated material handling market plan to create compact, economical, small, & energy-efficient material handling solutions.
Moreover, the materials handling systems would witness high adoption due to some factors such as the thriving e-commerce industry & massive demand for process automation across the globe. Players operating in the E-commerce industry focus on enhancing the service quality through the production of lowest waste. The growth of the automated material handling equipment is expected to be propelled due to modernization & industrialization in emerging countries.
The US market dominated the North America Automated Material Handling Equipment Unit Load Material Handling Systems Market by Country 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 17.4% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 16.4% during (2020 - 2026).
The Robots market dominated the Canada Automated Material Handling Equipment Market by Products 2019, growing at a CAGR of 13.6 % during the forecast period. The Conveyors & Sortation Systems market is estimated to grow at a CAGR of 14.6% during (2020 - 2026). Additionally, The Automated Guided Vehicle (AGV) market is expected to witness a CAGR of 16.4% during (2020 - 2026).
Based on System Type, the market is segmented into Bulk Load Material Handling Systems and Unit Load Material Handling Systems. Based on Products, the market is segmented into Robots, Conveyors & Sortation Systems, Automated Guided Vehicle (AGV), Warehouse Management System (WMS), Cranes and Automated Storage and Retrieval System (ASRS). Based on Industry, the market is segmented into Automotive, Metals & Heavy Machinery, Semiconductor & Electronics, Healthcare & Chemicals, E-commerce, Food & Beverages, Third Party Logistics (3PL) and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Automated Material Handling Equipment Market in North America is expected to register a CAGR of 12.9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Daifuku Co., Limited, Kion Group, Knapp AG, Toyota Industries Corporation, Honeywell International, Inc., Hyster-Yale Materials Handling, Inc., Kuka AG, BEUMER Group GmbH & Co. KG, Murata Manufacturing Co., Ltd., and John Bean Technologies Corporation.
By System Type
By Products
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