Market Size of Europe AMH Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.70 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Automated Material Handling (AMH) Market Analysis
The European automated material handling market was valued at USD 11.22 billion in 2019 and is expected to reach USD 18.46 billion by 2026, at a CAGR of 8.7% over the forecast period 2021 - 2026.
- Throughout the United Kingdom and Europe, political, economic, and technological developments are impacting the growth of the manufacturing industry proportionally. Although the BREXIT vote sent shockwaves across all industries, the manufacturing industry remained positive.
- Europe has been the most prominent adopter of industrial automation, owing to increasing investments in the Industry 4.0 revolution. According to the CBI Ministry of Foreign Affairs, Europe accounts for more than one-third of the global Industry 4.0 investments. Western and Northern Europe are its main markets, especially Germany, where the term was originally coined and a frontrunner.
- Northern Europe is traditionally the most developed market regarding the use of automation in warehouses. The high labor costs and special attention to the working conditions at the factory have prompted the adoption of sophisticated and advanced automation. In Scandinavia, System Logistics has supported important clients in the food and beverage sector in the efficient management of warehousing, picking, and material handling operations.
- Moreover, in warehouses across Europe, man and machine are increasingly working more closely together, and a lack of efficient and skilled manpower could accelerate automation further, according to JLL, an investment management company.
- The e-grocery channel accelerated further because of the COVID-19 lockdown. It grew by more than 50% growth in 2020 for key European markets, creating an even stronger need for efficient e-grocery fulfillment solutions. This has encouraged technology and platform providers such as KNAPP, Ocado, Swisslog, Takeoff Technologies, and WITRON to extend their ever-growing portfolio of automation solutions combining software and hardware.
