Daifuku's Cleanroom and Intralogistics Businesses Facing Headwinds but Expect Recovery in 2024

Daifuku is the global market leader in material handling, which involves the automation behind transport, storage, and control of products/materials in factories, cleanrooms for semiconductor production, distribution centers/warehouses, and airports. The company not only adds value to customers as an equipment supplier but also serves as a system integrator providing material handling solutions based on its products, which include automated storage and retrieval systems, pallet racks, conveyors, sorting systems, automated guided vehicles, and software systems that manage the material handling process. Having supplied to market leaders across various industries, including Toyota, TSMC, Intel, Dell, and Fanuc, the company is leveraging its established know-how in material handling into the warehouse/logistics automation market, which is expected to grow backed by rising e-commerce demand.