Market Trends of Asia Pacific Automated Material Handling And Storage Systems Industry
Assembly Line Segment to Witness Significant Growth in the Market
- Assembly-line AGVs find their primary application in industries like automobile manufacturing, coach-building, aerospace, and railways. The rising production of electric and hybrid vehicles is set to drive the demand for these AGVs in the coming years. This shift not only enhances manufacturers' flexibility but also enables them to swiftly adapt to market changes, all while ensuring safe and cost-effective operations.
- The automotive industry witnessed a revolution in the past decade with the introduction of electric and hybrid vehicles. This transformation has significantly increased the complexity of automobile production. Coupled with evolving safety regulations and industry standards, there is a growing need for automation in the automotive industry. Key priorities include reducing product damage, often caused by human error during transit, improving the speed of chassis handling between workstations, and facilitating interaction with assembly-line workers. Assembly line AGVs, meeting these requirements effectively, have become the cornerstone of automation in the automotive industry.
- Furthermore, in the automotive industry, automated assembly lines are utilized to craft various parts, ranging from engines and gearboxes to fuel systems and pumps. Leveraging robotics and vision technology, manufacturers can create ergonomic and efficient product lines, safeguarding their workforce from hazardous conditions while ensuring swift assembly. Consequently, safety concerns are propelling automation across the automotive landscape.
- According to a report by the Automotive Skill Development Council (ASDC), titled 'Human Resource and Skills Requirements in the Automotive Sector (2026),' India is projected to employ 45.08 million individuals in the automobile industry by 2026. This surge in the workforce demands a reevaluation of the current skill set, emphasizing the need for upskilling in areas like automotive design, robotics, IoT, and AI. As traditional roles evolve, the industry is witnessing a heightened push toward automation.
- To cater to this escalating demand, numerous market players are not only expanding their manufacturing capacities but also introducing new product lines. For instance, in March 2024, Applied Manufacturing Technologies (AMT), a prominent name in North America's automation engineering, unveiled its latest innovation, ROBiN. Termed the Robotic Induction System, ROBiN aims to revolutionize material handling in warehousing, promising heightened efficiency and throughput. With a strong reputation in advanced material handling and cutting-edge autonomous mobile robots (AMRs), AMT's ROBiN is poised to make a significant impact in the industry.
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Industry 4.0 Investments Driving Demand for Automation and Material Handling
- Airport investments are gaining global recognition as nations understand the value of creating welcoming environments that encourage travelers to spend both time and money. From check-in to boarding, conveyors and sortation systems, prevalent in airports of all sizes, effectively streamline the process, enhancing the overall customer experience. Many airports are now collaborating with vendors to introduce autonomous robots, a move that not only boosts luggage transfer efficiency but also trims operational costs. For example, Vanderlande Dutch, a logistics automation specialist, recently partnered with Hong Kong Airport to trial autonomous baggage handling vehicles.
- India and China, driven by increasing domestic air connectivity and rising per capita GDP, stand out as pivotal players in the regional aviation landscape. Highlighting this, the ICAO notes that the Asia-Pacific region alone accounted for 70% of domestic air travel.
- Projections indicate a robust growth trajectory for the Chinese aviation market in the coming years. Notably, China's top three airlines—Air China, China Southern, and China Eastern—have set ambitious fleet expansion goals, aiming to elevate their global rankings. Furthermore, major airports in Shanghai and Beijing are actively pursuing extensive expansion initiatives.
- According to the Chinese Tourism Outbound Research Institute, Chinese outbound visits are set to reach around 400 million by 2030, potentially constituting a quarter of all global outbound travelers. To accommodate this surge, airports must deploy advanced systems, a move that is expected to drive market growth positively throughout the forecast period.
- Conversely, the pandemic prompted many airports to deploy robots for passenger screening and virus containment. For instance, South Korea's Incheon Airport's Smart Airport team has been leveraging robotics and automated vehicles to enhance the experience for passengers with reduced mobility (PRMs).
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Automated Material Handling and Storage Systems Market in APAC Report Snapshots
- Automated Material Handling and Storage Systems Market in APAC Market Size
- Automated Material Handling and Storage Systems Market in APAC Market Share
- Automated Material Handling and Storage Systems Market in APAC Market Trends
- Automated Material Handling and Storage Systems Market in APAC Companies
