Thailand Automated Handling Equipment Market size is projected to grow at a CAGR of 6.6% during 2023-2029

Unit load material handling segment by system type generated the highest revenue share in Thailand Automated Material Handling Equipment Market – 6Wresearch

The unit load material handling systems contributed a larger market share in 2022. Unit load material handling systems often lead to significant space savings that provide high-density storage, reduce aisle space. The increasing demand for automated material handling equipment in the e-commerce industry is expected to fuel the market of unit load material handling systems for the automated material handling equipment market during the forecast period.

According to 6Wresearch, Thailand Automated Handling Equipment Market size is projected to grow at a CAGR of 6.6% during 2023-2029. Thailand’s automated material handling market is driven by the adoption of Thailand 4.0 policy for industrial automation and innovation along with its burgeoning export industry which contributes almost 65% of the country’s GDP and to gain an edge in a highly competitive market companies are chasing productivity through adoption of automation in production and automated equipments. With the growth of E-commerce along international trade and logistics activities in Thailand, there's a growing need for efficient and cost-effective material handling solutions in warehouses, ports, and distribution centers. Installing automated material handling systems is challenging due to costs, expertise requirements, and safety concerns, necessitating ongoing investments for successful integration and maintenance.

According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, in 2022, ASRS acquired the highest revenue share on account of its wider applicability from logistics, e-commerce and assembly lines in automotive sector. Advancing automation sector and rising demand for advanced robots especially in ever growing automotive sector in Thailand would make the robots segment to grow at the fastest pace in coming years.

The Thailand Automated Material Handling Equipment Market (2023-2029) report provides an in-depth analysis with 16 figures and 4 tables, covered in 66 pages. The report comprehensively covers the market by product, vertical, and system type. The report provides a detailed as well as unbiased analysis of the on-going drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per to the latest and future market dynamics.