Automated Material Handling Equipment (AMHE) Market in APAC to Grow by USD 3.02 Billion from 2024-2028, Driven by Rapid Automation and AI-Powered Market Evolution - Technavio

NEWYORK, Nov. 6, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The automated material handling equipment (AMHE) market in APAC size is estimated to grow by USD 3.02 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of5.8%during the forecast period. Rapid automation of processing plants is driving market growth, with a trend towards emergence of industry 4.0. However, complexity in usage of automated material handling equipment poses a challenge. Key market players include Addverb Technologies Pvt. Ltd., Beumer Group GmbH and Co. KG, Daifuku Co. Ltd., Dematic Group, FIVES SAS, FlexLink Holding AB, Hanwha Corp., Honeywell International Inc., John Bean Technologies Corp., Jungheinrich AG, Kardex Holding AG, KION GROUP AG, KNAPP AG, Mecalux SA, Murata Machinery Ltd., SSI Schafer IT Solutions GmbH, Swisslog Holding AG, TGW LOGISTICS GROUP GmbH, Toyota Industries Corp., and Wipro Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Market Driver

The current industrial landscape is experiencing a significant shift towards automation, often referred to as Industry 4.0. This trend involves the integration of cyber-physical systems, IoT, and cloud computing in manufacturing and labor-intensive processes. Automated Material Handling Equipment (AMHE) plays a crucial role in this revolution, enabling minimal human intervention in material processing. Industry 4.0 compliant factories incorporate integrated systems, which unify various machines, devices, and sensors through the Internet. This interconnected equipment provides valuable data for system integrators to monitor and analyze, resulting in a comprehensive process visualization. Automation is essential for integrating systems in manufacturing facilities, reducing operational costs, and increasing revenue. For instance, Automated Guided Vehicles (AGVs) data is stored on the cloud for instant analysis, predictive analytics, and minimizing breakdowns. As more companies adopt Industry 4.0, the demand for AMHE is expected to rise, driven by cost savings and improved efficiency. The market growth is further fueled by the integration of advanced technologies like AI, machine learning, and IoT in material handling processes. In conclusion, the increasing adoption of Industry 4.0, cost savings, and technological advancements are the primary factors driving the growth of the AMHE market during the forecast period. 

The Automated Material Handling Equipment (AMHE) market is experiencing significant trends in technology. Current sources like generators and alternators are being replaced with semiconductor devices, including transistors and photodiodes, for improved efficiency and energy savings. Heat dissipation and magnetic field or electric field control are essential functions in AMHE, requiring circuit elements to handle high loads and current flow. Signal amplification often requires an external power source and voltage regulation to ensure proper function. Differences between various components, such as IC chips, capacitors (ceramic, aluminum, tantalum), and voltage filtering, are crucial for energy consumption and electromagnetic interference reduction in electronic products. The global shortage of miniature and high-capacity components, as well as high-voltage components, poses challenges for manufacturing. Automotive electronics and electric vehicles are major consumers of AMHE, driving innovation and demand for advanced technology. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

• Automated Material Handling Equipment (AMHE) has become a common sight in large factories and warehouses. However, the inflexibility and high costs associated with upgrading or replacing these systems are deterring some businesses from adopting them. The time-consuming and expensive process of upgrading AMHE, which involves replacing various parts and levels of information networks, can hinder productivity and limit the ability to adapt to changing market conditions. Medium-sized enterprises, in particular, may find it challenging to justify the capital expenditure required for upgrading their AMHE. Additionally, the risk of system downtime due to a single part malfunction can make buyers consider alternative material handling solutions. These factors are likely to impede the growth of the AMHE market during the forecast period.
• The Automated Material Handling Equipment (AMHE) market refers to the industry that produces and supplies equipment used for moving, sorting, and storing materials without human intervention. AMHE includes conveyor systems, robotic arms, and automated guided vehicles. One challenge in this market is the increasing use of electrical energy for power and signal amplification in AMHE. This requires efficient energy consumption in manufacturing, especially for miniature components in electronic products. Another challenge is the global shortage of high-capacity and high-voltage components, such as IC chips, capacitors, and voltage regulators. Proper voltage filtering, noise filtering, and electromagnetic interference mitigation are essential to ensure reliable power delivery and absorption in AMHE. In industries like automotive electronics and electric vehicles, AMHE plays a crucial role in power sources and circuit components, including power delivery, power absorption, and energy sources like batteries.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview

This automated material handling equipment (amhe) market in APAC report extensively covers market segmentation by

1. Application
• 1.1 Conveyor systems (CS)
• 1.2 Automated storage and retrieval systems (AS/RS)
• 1.3 Robotics systems (RS)
• 1.4 Automated guided vehicles (AGV)
2. Geography
• 2.1 APAC

1.1 Conveyor systems (CS)- Conveyor systems (CS) are essential for moving materials efficiently in various industries, including manufacturing, e-commerce, automotive, and airports. CS are operated using hydraulic, mechanical, or fully automated machines. These systems connect different points in the process, such as loading docks, manufacturing floors, and storage systems like automated storage/retrieval systems (AS/RS). In APAC, the demand for conveyor systems (CS) is growing due to their use in airport baggage handling and the expansion of the manufacturing, e-commerce, and automotive sectors. China, India, and Japan are key contributors to this growth, with a large number of airports and increasing air travel passengers. In the healthcare sector, drug manufacturers are adopting automated material handling equipment (AMHE), including conveyor systems (CS), to enhance packaging efficiency. This trend is expected to drive the growth of the conveyor systems (CS) market in APAC during the forecast period.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Automated Material Handling Equipment (AMHE) market encompasses technologies and systems designed to automate the movement, sorting, and storage of materials in industries. Electronics engineering plays a crucial role in the development of AMHE, with the use of various circuit components such as resistors, capacitors, inductors, diodes, and active and passive components. Power sources like generators and alternators, as well as voltage and current sources, are essential for power delivery and absorption in AMHE. Semiconductor devices, including transistors and photodiodes, are commonly used for amplification and control functions. Heat dissipation and management of magnetic and electric fields are also important considerations in the design of AMHE. Circuit elements and loads function to regulate current flow and convert energy sources into usable power for the equipment. Overall, the AMHE market relies on a complex interplay of electrical and electronic components and systems to optimize material handling processes.

Market Research Overview

The Automated Material Handling Equipment (AMHE) market encompasses technology that utilizes electronics engineering to automate the handling of materials. The core of AMHE relies on various circuit components, including resistors, capacitors, inductors, diodes, and active components. Power sources such as voltage sources, current sources, generators, and alternators, as well as energy sources like batteries, fuel cells, and solar panels, play a crucial role in power delivery and absorption. Semiconductor devices like transistors and photodiodes are essential active components in AMHE, enabling functions like current flow, amplification, and voltage regulation. Heat dissipation and magnetic or electric fields are also significant factors, with cooling systems and shielding used to manage temperature and electromagnetic interference. AMHE caters to diverse industries, including automotive electronics and electric vehicles, as well as consumer electronics. Manufacturing these systems requires a global supply of miniature and high-capacity components, including IC chips, ceramic capacitors, aluminum capacitors, and tantalum capacitors. The market faces challenges such as energy consumption, global shortages, and the need for voltage filtering, noise filtering, and current regulation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• Conveyor Systems (CS)
• Automated Storage And Retrieval Systems (AS/RS)
• Robotics Systems (RS)
• Automated Guided Vehicles (AGV)
• Geography
• APAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio