Automated Material Handling Market Share

Segmentation Analysis:

Conveyors:

Under the segment of conveyors, the sub-segment of ""Belt Conveyors"" has witnessed significant growth in recent years. Belt conveyors are widely used in various industries for the transportation of bulk materials, goods, and equipment. These conveyors offer advantages such as flexibility, ease of installation, and the ability to handle heavy loads. The growing demand for efficient material handling in industries such as mining, construction, and logistics has increased the adoption of belt conveyors, thereby driving the growth of this sub-segment.

Automated Guided Vehicles (AGVs):

Automated Guided Vehicles have become a crucial part of material handling systems in various industries. These vehicles are equipped with advanced navigation technologies, allowing them to autonomously transport materials within a facility. The sub-segment of ""Forklift AGVs"" has gained significant traction in recent years. Forklift AGVs offer improved safety, increased efficiency, and reduced labor costs. The growing need for safe and efficient material movement in warehouses and distribution centers has resulted in the widespread adoption of forklift AGVs.

Automated Storage and Retrieval Systems (AS/RS):

The sub-segment of "Vertical Lift Modules (VLM)" under the automated storage and retrieval systems (AS/RS) segment has seen notable growth. Vertical lift modules help optimize storage space by utilizing vertical height. These modular systems consist of shelves or trays that can be automatically retrieved with the help of a lift mechanism. VLMs offer benefits such as space efficiency, improved picking accuracy, and reduced labor requirements. The increasing need for effective space utilization and streamlined order fulfillment processes has led to the growing adoption of vertical lift modules across various industries.

Competitive Landscape:

The automated material handling market is highly competitive, with several key players operating worldwide. These market players are continuously focusing on technological advancements and strategic partnerships to enhance their market presence. Major players in the industry include Addverb Technologies Private Limited, BEUMER GROUP, Daifuku, Dematic, ELETTRIC80 S.P.A., Fives Group, Honeywell International (Honeywell Intelligrated), Jungheinrich AG, Kardex, KNAPP AG, KUKA AG, MHS Global, Murata Machinery,., SCHAEFER SYSTEMS INTERNATIONAL PVT LTD, System Logistics S.p.A., TGW Logistics Group, Vanderlande Industries B.V., WITRON, Berkshire Grey, ForwardX Robotics, Geekplus Technology, GreyOrange, Hikrobot Technology, inVia Robotics,, Kindred,, Mobile Industrial Robots, plus one robotics, RightHand Robotics,, Shanghai Quicktron Intelligent Technology Co.,, Universal Robots, Blue Yonder Group,, Datalogic S.p.A. These companies are investing in research and development activities to offer innovative solutions and cater to the evolving needs of the customers. Additionally, mergers and acquisitions are also witnessed in the market, further intensifying the competition among the players. The competitive landscape of the automated material handling market showcases a fierce competition among key market players striving to expand their market share and strengthen their position in the industry.