Automated Material Handling Equipment Market in the US to grow USD 1.51 billion between 2021 and 2026 | The advanced automation of processing plants drives the market growth

News provided by

Aug 10, 2023, 22:30 ET

NEW YORK, Aug. 10, 2023 /PRNewswire/ -- The Automated Material Handling Equipment Market size in the US is expected to increase by USD 1.51 billion between 2021 and 2026, with a CAGR of 3.97%. The comprehensive report covers market segmentation by product (conveyor system, AS/RS, robotics system and AGV) and end-user (Automotive, e-commerce and 3PL, food and beverage, and others).

Strategic Objectives of the Automated Material Handling Equipment Market in the US:

Technavio has announced its latest market research report titled Automated Material Handling Equipment Market in US 2022-2026

Market Expansion and Growth: The market aims to solidify its position by expanding its market share and exploring new industry segments. By venturing into previously untapped areas, it seeks to achieve sustained growth and capitalize on emerging opportunities.
Innovation and Product Development: The market is dedicated to pushing the boundaries of technological advancement, fostering the integration of cutting-edge technologies such as IoT, cloud computing, and machine learning. This drive for innovation ensures the development of solutions that are not only advanced but also adaptable to evolving customer needs.
Operational Efficiency and Cost Reduction: A key objective is to offer solutions that significantly enhance operational efficiency while simultaneously reducing costs for businesses. Through the implementation of automation, the market strives to optimize processes, minimize manual labor, and reduce maintenance expenses, ultimately contributing to improved productivity and profitability for its clients.
Customer-Centric Approach: Customer satisfaction is paramount. The market's customer-centric approach involves tailoring its offerings to address specific industry requirements. It places great importance on providing exceptional customer service, ensuring that clients receive solutions that precisely match their needs and receive comprehensive support throughout their partnership.
Market Differentiation and Branding: To stand out in a competitive landscape, the market focuses on market differentiation and branding. By highlighting its unique strengths and competitive advantages, it aims to carve a distinct identity that resonates with clients and positions it as a leader in the automated material handling sector.
Continuous Research and Market Analysis: Remaining at the forefront of industry trends requires ongoing research and analysis. The market's commitment to staying informed about evolving customer preferences and market dynamics ensures its ability to adapt strategies, refine offerings, and maintain a competitive edge.

These strategic objectives collectively drive the automated material handling equipment market's growth, innovation, and customer-centric approach within the US and beyond.

The Automated Material Handling Equipment Market in the US

The Automated Material Handling Equipment Market in the US is driven by advanced plant automation and Industry 4.0 technologies. These factors enable enhanced efficiency and reduced costs, particularly in industries like food and beverage and pharmaceuticals. However, challenges, such as the complexity of equipment usage and regulatory compliance, demand attention. The market's focus on innovation, customer needs, sustainability, and strategic collaborations positions it for success. As it navigates these dynamics, the market is poised to capitalize on opportunities, address challenges, and lead the way toward a future marked by transformative growth and industry leadership. For more information on market drivers, trends, or challenges, find the sample report here.

The Automated Material Handling Equipment Market in the US report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:

Daifuku Co. Ltd.
Grabit Inc.
Honeywell International Inc.
Hyster Yale Materials Handling Inc.
inVia Robotics Inc.
John Bean Technologies Corp.
KION GROUP AG
Locus Robotics Corp.
Material Handling Systems Inc.
Meidensha Corp.

Technavio provides the Automated Material Handling Equipment Market in the US Analysis Report 2023-2027 along with the historical data! Buy the full report here.

Below, find a few suggestions:

Full Service Long-term Material Handling Equipment Rental Market: The full service long-term material handling equipment rental market size in Europe has the potential to grow by USD 802.11 million during 2021-2025, and the market's growth momentum will decelerate at a CAGR of 9.27%. This report provides a detailed analysis of the market by end-user (construction, industrial, and agriculture), geography (Germany, France, Italy, Spain, and rest of Europe), and key companies.

Material Handling Equipment Telematics Market: The material handling equipment telematics market share is expected to increase by USD 2.17 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 10.85%. The report covers material handling equipment telematics market segmentation by product (truck, earthmoving equipment, crane, tractor, and others) and geography (North America, Europe, APAC, and South America).

About Technavio:

Technavio is a trusted source for industry news and insights that help businesses stay ahead in today's competitive landscape. With a team of experienced analysts and researchers, we continuously scrutinize and evaluate the dynamic landscape of markets across the globe. Our comprehensive coverage, meticulous research methodologies, and pragmatic industry expertise have earned us the trust and reliance of a vast clientele, including over 100 esteemed Fortune 500 organizations.

SOURCE Technavio