Japan Automated Material Handling Equipment Market Expected to Reach $10,342.8 Million by 2030

According to a new report published by Allied Market Research, titled, “Japan Automated Material Handling Equipment Market by product type, system type, component, application and industry vertical: Opportunity Analysis and Industry Forecast, 2021–2030,” The Japan automated material handling equipment market size was valued at $4,270.0 million in 2020, and is projected to reach $10,342.8 million by 2030, registering a CAGR of 9.2% from 2021 to 2030. A product life cycle comprises several phases, from product development through distribution to end users or customers, all of which necessitate the use of material handling and automation. Material handling is a network that handles the flow of goods from one location to another. By using sophisticated technologies, material handling system reduces the time limit in the transit process by involving advanced machinery and technologies.

The use of automated material handling equipment in Japan has been revolutionized by the continual growth in demand for automation in industries such as assembly, packaging, transportation, distribution, storage, and waste management. The japan automated material handling equipment market has grown significantly in recent years as a result of the introduction of technology such as robots, wireless technologies, and autonomous cars. To reach a broader client base, major companies in this market focus on developing inexpensive, tiny, compact, and energy-efficient material handling systems. The industry's recent rise in e-commerce is a significant driver, with broad demand for process automation throughout the world. E-commerce companies in Japan strive to improve the quality of their services by generating minimum waste as possible.

Various key players of Japan are implementing strategic moves such as agreement, business expansion and partnership to strengthen its position in the market. For instance, On February 2021, Daifuku Co., Ltd. and Germany-based AFT Industries AG had an agreement to form a business partnership aimed at leveraging the material handling expertise of both companies in the automotive industry. Daifuku and AFT will use this mutually beneficial business partnership as a way globally to open channels and secure growing demand and investment from automotive manufacturers for material handling systems. Hence, such agreements and partnerships are expected to provide Japan automated material handling equipment market growth in forecast period.

However, due to a lockdown imposed in countries such as China, the United States, India, and others due to the coronavirus issue, numerous manufacturers in the worldwide Japan automated material handling equipment had to halt their business production. This disruption has a direct impact on the sales of Japan automated material handling equipment. However, it is expected that the reopening of production facilities and the introduction of coronavirus vaccines will lead to the reopening of Japan automated material handling equipment firms.

Key companies profiled in the Japan automated material handling equipment report include Daifuku Co., Ltd., IHI Asia Pacific Pte. Ltd, Maxpull Machinery & Engineering Co., Ltd, Sumitomo Heavy Industries, Tsubakimoto Chain Group, Toyota Industries Corporation, Murata Machinery, Ltd., TOYO Kanetsu K.K., Okura Yusoki Co., Ltd., Seibu Electric & Machinery Co., Ltd.

 Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging Japan automated material handling equipment market trends and dynamics. 
• Depending on product type, the robotic system segment has dominated the Japan automated material handling equipment market share, in terms of revenue in 2020.
• By application, the storage segment has registered highest revenue in 2020.
• Third party logistics sector is projected to register highest growth rate in the coming years.
• The key players within the Japan automated material handling equipment are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the Japan automated material handling equipment industry.
• The report provides an extensive analysis of the current trends and emerging Japan automated material handling equipment market opportunities. 
• In-depth Japan automated material handling equipment analysis is conducted by constructing estimations for the key segments between 2021 and 2030.