According to a Markets and Markets report, the automated material handling (AMH) equipment market is expected to reach $44.68 billion by 2022, growing at a CAGR of 7.9% between 2016 and 2022. The base year considered for study is 2015 and the forecast period is between 2016 and 2022.

The AMH equipment ecosystem comprises software providers, system component providers, OEMs and distributors. The players involved in the development of automated material handling equipment include Toyota Industries (Japan), KION Group AG (Germany), Hyster-Yale Material Handling (U.S.), Daifuku (Japan), Jungheinrich (Germany), KUKA (Germany), Dematic (Germany) and Bastian Solutions (U.S.) among others as well as associations such as the Material Handling Institute, Material Handling Industry of America, and Occupational Safety and Health Administration.