NA AMH and Storage Systems Market Size (2024 - 2029)

The North America Automated Material Handling and Storage Systems Market is experiencing growth driven by the surge in e-commerce and the adoption of Industry 4.0 technologies. The increasing demand for automated solutions, particularly in warehouses and distribution centers, is reshaping the market landscape. Vendors are focusing on creating flexible systems that integrate seamlessly with existing operations, enhancing space and time utility. Partnerships between companies to implement advanced technologies further indicate the market's expansion. Additionally, rising labor costs are prompting the adoption of technologies that reduce reliance on manual labor, contributing to the market's growth trajectory.

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Market Size of NA AMH and Storage Systems Industry

North America Automated Material Handling and Storage Systems Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.20 %
Market Concentration Medium

Major Players

NA AMH and Storage Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America AMH & Storage Systems Market Analysis

The North America Automated Material Handling and Storage Systems Market is expected to register a CAGR of 8.2% over the forecast period from 2021 - 2026. The growth in e-commerce during the pandemic led to a demand for automated solutions. According to a report by Adobe's e-commerce division (March 2021), the pandemic boosted online shopping in the country by USD 183 billion. The figure represents the increase in online shopping during March 2020, when COVID-19 was reported in the United States through February 2021. During this time, US consumers spent a total of USD 844 billion online. Meanwhile, USD 813 billion was spent during 2020 alone, increased by 42% over 2019. This created significant opportunities for the market.

  • Vendors of material handling solutions gradually veered toward the modern approach of helping end-users focus on their operations' space and time utility by manufacturing flexible systems that can seamlessly integrate with other systems as part of the overall material handling plan. Also, automated guided vehicles and AS/RS have emerged as the most dynamic material handling equipment and storage systems solutions and are mainly deployed in warehouses, distribution centers, and airports.
  • Further, various partnerships are witnessing in the North American Market. For instance, In February 2021, Best Buy, a prominent US-based consumer electronics store, announced redesigning its regional distribution centers in partnership with Bastian Solutions. The project included integrating automated storage and retrieval technology, conveyor, and warehouse execution software to serve each facility best. The association has assisted Best Buy in offering next-day delivery and managing large inbound shipments effectively.
  • The focus on Industry 4.0 across different end-user industries in the region also presents new opportunities for the market. According to the 2021 Industry 4.0 survey by the BDO United States, almost 50% of the manufacturers anticipate their digital investments may lead to revenue increases in the next 12 months. Also, 43% of the respondents have deployed robotic process automation (RPA), while 47% plan to deploy it in the future. Some of the crucial aspects for improving the supply chain include customer order cycle (19%), total delivery cost (18%), performance to plan (18%), and inventory turnover (16%).
  • Additionally, the increasing labor rates in the region are also developing the need for new technologies that help reduce the dependency on laborers for material handling. According to Statistics Canada, Labour costs per unit of output of Canadian businesses increased by 2.7% in the second quarter of 2021, following slight increases in the previous two quarters. The more rapid growth in unit labor costs primarily reflects the rebound in the average compensation per hour worked (+3.2%), following three-quarters of the decline.

North America AMH & Storage Systems Industry Segmentation

Automated material handling and storage equipment eliminate the need for human interference in a material handling process. Continuous rise in the demand for automation, with the advent of technologies, such as robotics, wireless technologies, and driverless vehicles, in different industries, like food and beverages, retail, general manufacturing, pharmaceuticals, and post and parcel, revolutionized the adoption of automated material handling equipment.

The market study is focused on the trends affecting the market in the major countries in the North American region.

The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry. The study also tracks the impact of COVID-19 on the overall automated material handling and storage industry and its resultant performance.

By Product Type
Software
Hardware
Services
Integration
By Equipment Type
Mobile Robots
Automated Guided Vehicle(AGV)
Automated Forklift
Automated Tow/Tractor/Tug
Unit Load
Assembly Line
Autonomous Mobile Robots(AMR)
Automated Storage and Retrieval System(ASRS)
Fixed Asile
Carousel
Vertical Lift Module
Automated Conveyor
Belt
Roller
Pallet
Overhead
Palletizer
Conventional
Robotic
Sortation System
By End-User
Airport
Automotive
Food and Beverage
Retail/Warehousing/Distribution Centers/Logistic Centers
General Manufacturing
Pharmaceuticals
Post and Parcel
Electronics and Semiconductor Manufacturing
Other End-Users
By Country
United States
Canada
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NA AMH and Storage Systems Market Size Summary

The North America Automated Material Handling and Storage Systems Market is experiencing significant growth, driven by the surge in e-commerce during the pandemic, which heightened the demand for automated solutions. The market is characterized by the adoption of advanced technologies such as Automated Guided Vehicles (AGVs) and Automated Storage and Retrieval Systems (AS/RS), which are increasingly deployed in warehouses, distribution centers, and airports. The focus on Industry 4.0 and the need to reduce labor dependency due to rising labor costs are further propelling the market. Companies are investing in flexible systems that integrate seamlessly with existing operations, enhancing space and time utility. Partnerships, such as those between Best Buy and Bastian Solutions, highlight the trend towards integrating sophisticated technologies to improve logistics efficiency and meet consumer demands for rapid delivery.

The competitive landscape in North America is marked by strategic collaborations, innovations, and expansions by key players in the market. Companies like Honeywell Intelligrated, Interroll Group, and Jungheinrich AG are actively investing in automation technologies to enhance their offerings and expand their market presence. The growing warehouse space, driven by the expansion of major players like Amazon and Walmart, is creating a robust demand for automated material handling and storage systems. Additionally, investments in mobile robotics, artificial intelligence, and machine learning are shaping the market's future. The United States, being a significant robot market, is witnessing increased adoption of robotics technology, further fueling market growth. The market's moderate competitiveness is characterized by a mix of regional and global players focusing on strategic initiatives to enhance profitability and market share.

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NA AMH and Storage Systems Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Impact of COVID-19 on the Industry Ecosystem

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Software

      2. 2.1.2 Hardware

      3. 2.1.3 Services

      4. 2.1.4 Integration

    2. 2.2 By Equipment Type

      1. 2.2.1 Mobile Robots

        1. 2.2.1.1 Automated Guided Vehicle(AGV)

          1. 2.2.1.1.1 Automated Forklift

          2. 2.2.1.1.2 Automated Tow/Tractor/Tug

          3. 2.2.1.1.3 Unit Load

          4. 2.2.1.1.4 Assembly Line

        2. 2.2.1.2 Autonomous Mobile Robots(AMR)

      2. 2.2.2 Automated Storage and Retrieval System(ASRS)

        1. 2.2.2.1 Fixed Asile

        2. 2.2.2.2 Carousel

        3. 2.2.2.3 Vertical Lift Module

      3. 2.2.3 Automated Conveyor

        1. 2.2.3.1 Belt

        2. 2.2.3.2 Roller

        3. 2.2.3.3 Pallet

        4. 2.2.3.4 Overhead

      4. 2.2.4 Palletizer

        1. 2.2.4.1 Conventional

        2. 2.2.4.2 Robotic

      5. 2.2.5 Sortation System

    3. 2.3 By End-User

      1. 2.3.1 Airport

      2. 2.3.2 Automotive

      3. 2.3.3 Food and Beverage

      4. 2.3.4 Retail/Warehousing/Distribution Centers/Logistic Centers

      5. 2.3.5 General Manufacturing

      6. 2.3.6 Pharmaceuticals

      7. 2.3.7 Post and Parcel

      8. 2.3.8 Electronics and Semiconductor Manufacturing

      9. 2.3.9 Other End-Users

    4. 2.4 By Country

      1. 2.4.1 United States

      2. 2.4.2 Canada

NA AMH and Storage Systems Market Size FAQs

The NA AMH and Storage Systems Market is projected to register a CAGR of 8.20% during the forecast period (2024-2029)

Honeywell Intelligrated (Honeywell International Inc.), Interroll Group, SSI SCHEFER AG, Jungheinrich AG and Murata Machinery Limited are the major companies operating in the NA AMH and Storage Systems Market.

NA AMH and Storage Systems Report Snapshots

North America Automated Material Handling and Storage Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)