North America Automated Material Handling Systems Market Size:
According to Reports and Insights analysis, the North America automated material handling systems market is estimated to be US$ 8,347.5 Mn in 2022. Furthermore, the North America automated material handling systems market to register a CAGR of 7.2% which is expected to result in market forecast value for 2030 as US$ 14,525.0 Mn.
North America Automated Material Handling Systems Market Introduction:
Automated material handling is a paradigm that evolved from material handling procedures that employ a variety of machinery to aid employees in a manufacturing organization in moving a product between assembly stations or moving finished goods to storage facilities.
Automation helps firms increase warehouse productivity, cut expenses, and maintain market competitiveness while also making the workplace safer for employees. The improvement of working and safety conditions is one of the primary drivers of automated material handling.
This market study on the global North American automated material handling systems market aims to cover market dynamics such as market drivers, challenges/restraints, and opportunities for the market players. It will also cover market segmentation outlook, North America automated material handling systems market trend, regional outlook, North America automated material handling systems market size, and market share, as well as industry and product insights, SWOT analysis, Porter's five force analysis, PESTEL analysis, heat map analysis, market forecast, and the major players operating in the North America automated material handling systems market.
Scope of the Report:
Market size available for the years
By Type, By Function, By Component, By Country, By End-User Industries, and By Region
U.S., Canada, Mexico
Dematic Corp., Honeywell Intelligrated Inc., Murata Machinery USA, Inc., KNAPP Inc., Material Handling Systems, System Logistics Corporation, Mitsubishi Logisnext Americas Inc., Fehr Lagerlogistik AG, Hy-Tek Material Handling, LLC., Armstrong Solutions, Inc., Rockwell Automation, Inc., Hytrol Conveyor Company Inc., Mayfran International Inc., FlexLink, Intralox LLC, Bastian Solutions, LLC, Nitta Corp., EMI Corp., Vega Conveyors, and Automation Pvt. Ltd.
North America Automated Material Handling Systems Market Drivers: Promising Technological Advancements
Businesses are doing everything they can to increase their revenue in an environment of global competition. Numerous manufacturing techniques and technologies are being used by businesses to boost productivity, quality, and the working environment. Explosive e-commerce growth is being fueled by industry 4.0 investments, which are driving demand for automation and material handling.
The demand for robotics for handling materials is anticipated to increase shortly as robotics is increasingly used in a variety of sectors, including the military, automotive, building and construction, health services, agriculture, underwater, industrial, security, and surveillance.
The Internet of Things (IoT) is the technology that is revolutionizing how commodities or freight are handled in distribution or warehousing. IoT technology is playing a significant part in addressing record-handling issues, which is anticipated to positively impact the market's expansion shortly.
North America Automated Material Handling Systems Market Restraints: High Start-Up Costs and Lack of Skilled Labor
The cost of such equipment, the cost of owning the technology or gear, and material handling equipment have all increased since the previous fiscal year as a result of the increased demand. When deciding which sort of equipment is best for their operations, the buyers considered both the initial cost of ownership and the purchase price.
The failure of small business owners to control these costs, however, frequently forces them to suspend operations, which hurts the market's growth over the anticipated future. The shortage of highly skilled labor is one of this market's biggest obstacles.
North America Automated Material Handling Systems Market opportunities:
The major tech corporations, including Google, Apple, Samsung, etc. are moving their manufacturing operations from China to nations like India and Vietnam as a result of intensifying geopolitical tensions, supply-chain disruptions, recent pandemics, and trade conflicts between the United States and China, India, and China. The repositioning of manufacturing facilities is creating opportunities for new markets to set up their businesses and attract a fresh clientele.
North America Automated Material Handling Systems Market: Segmentation
North America automated material handling systems market is segmented on the basis of type, function, component, end-use, and region. In terms of revenue, the robotic systems type segment is accounted to hold the largest market share in comparison to other type segments, owing to the rise in application of robotics in different industries such as military, automobile, building and construction, health services, agriculture, underwater, industrial, security and surveillance, is expected to drive the demand for robotics for automated material handling systems in the near future.
North America Automated Material Handling Systems Market: by Type
Automated Storage & Retrieval Systems
Vertical Lift Module
Palletizing & Depalletizing Systems
North America Automated Material Handling Systems Market: by Function
North America Automated Material Handling Systems Market: by Component
North America Automated Material Handling Systems Market: by End Use Industry
Semiconductor & Electronics
Retail and Warehousing/Logistics
Chemicals, Rubber, and Plastics
Healthcare & Pharma
Food & Beverage
Postal & Parcel
North America Automated Material Handling Systems Market: by Region
The U.S. held a significant market share in North America in 2020, and it is anticipated that it will continue to do so over the projected period.
The U.S. is anticipated to keep its leadership during the projection period, and because of the country's robust development of its end-user base, it will generate sizable market possibilities for the leading producers.
During the forecast period of 2022-2030, the automated material handling systems market in Canada is anticipated to increase with a strong CAGR.