Automated Material Handling Systems Market Set to Reach $70.1 Billion by 2030

Meticulous Research®, a globally respected market research firm, has released a comprehensive report titled, "Automated Material Handling Systems Market by Type (ASRS, AGV, Robotic Systems), Component, Function (Assembly, Picking, Sorting), End-use Industry (Automotive, Healthcare, Semiconductor, Manufacturing, Retail, Aviation, Postal) – Global Forecast to 2030."
Download free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5149?utm_source=sb&utm_medium=social&utm_campaign=product&utm_content=21-06-2024
According to this latest publication, the global automated material handling systems market is poised to achieve a valuation of $70.1 billion by 2030, growing at a steady CAGR of 8.3% from 2023 to 2030. This growth is primarily driven by the increasing adoption of automated solutions across industries, driven by the need for improved floor space utilization, enhanced order processing capabilities, and the rising demand for warehouse automation. However, challenges such as high initial deployment costs and concerns about cybersecurity pose potential restraints.
Key Drivers and Growth Opportunities:
The report highlights significant growth opportunities stemming from the expanding role of online retail platforms, increased use of RFID and barcode technologies, integration of cloud and IoT technologies in AMHS, and the advent of Industry 4.0 initiatives. These advancements are expected to bolster market growth despite challenges.