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Report Overview
The global material handling equipment market attained a value of nearly USD 40.28 Billion in 2024. The market is further expected to grow at a CAGR of 7.20% during the forecast period of 2025-2034 to reach a value of USD 80.73 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- The growing environmental consciousness is leading to a shift towards electric material handling equipment as an alternative to ICE equipment. For instance, Toyota Materials Handling reported that nearly 70% of material handling products sold in 2021 were electric. Such solutions also boast low operating costs, longer lifespans, and reduced maintenance costs, boosting their appeal among companies seeking to optimise operational efficiency.
- The robust growth of the e-commerce sector is surging the use of material handling equipment to streamline order fulfilment processes, efficiently handle large volumes of goods, and meet growing customer demand for rapid delivery. In Q3 2024, US e-commerce sales reached USD 300.1 billion, a surge of 2.6% from the previous quarter, as per the Census Bureau of the Department of Commerce. Moreover, e-commerce businesses are seeking flexible, agile, and customisable material handling solutions to handle varying inventory volumes.
- The rising shift towards smart warehousing to optimise inventory management, facilitate better decision-making and predictive maintenance, and enable rapid order fulfilment is boosting the material handling equipment market revenue. Material handling equipment equipped with technologies like IoT, AI, and robotics are gaining significant popularity in smart warehousing applications to lower human errors, streamline operations, and improve operational efficiency.
Compound Annual Growth Rate
Value in USD Billion
7.2%
2025-2034
Material Handling Equipment Market Outlook
*this image is indicative*
| Global Material Handling Equipment Market Report Summary | Description | Value |
| Base Year | USD Billion | 2024 |
| Historical Period | USD Billion | 2018-2024 |
| Forecast Period | USD Billion | 2025-2034 |
| Market Size 2024 | USD Billion | 40.28 |
| Market Size 2034 | USD Billion | 80.73 |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 7.20% |
| CAGR 2025-2034 - Market by Region | Asia Pacific | 9.0% |
| CAGR 2025-2034 - Market by Country | India | 9.5% |
| CAGR 2025-2034 - Market by Country | Canada | 8.4% |
| CAGR 2025-2034 - Market by Product Type | Automated Storage and Retrieval System | 8.1% |
| CAGR 2025-2034 - Market by System Type | Unit Load Material Handling Systems | 8.9% |
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In the manufacturing sector, material handling is a vital intermediary. As it does not contribute directly to the manufacture of products, it results in the effectiveness in the handling, management, storage, and transport of products. This equipment complements the manufacturing activity by ensuring that products circulate quickly, smoothly, and efficiently. An increase in industrial and infrastructural operations is expected to bode well for material handling equipment market growth in order to meet the demand from the ever-growing population, thus, aiding in the growth of the global material handling equipment industry.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Segmentation
Material handling equipment (MHE) is a mechanical equipment, which is used throughout the production process in warehouses for managing movement, storage, transportation, and control and protection of goods and materials. The equipment allows for cost-effective and efficient method for the easy transition of goods across the manufacturing plants. The global material handling equipment market can be divided based on segments like product, system type, industry, and function.
The material handling equipment industry can be divided on the basis of its product types into:
- Storage and Handling Equipment
- Automated Storage and Retrieval System
- Industrial Trucks
- Bulk Material Handling Equipment
- Others
The industry can be categorised on the basis of its system type as:
- Unit Load Material Handling Systems
- Bulk Load Material Handling Systems
The industry can be broadly categorised on the basis of its industry into:
- Automotive
- Metal and Heavy Machinery
- Food and Beverages
- Chemicals
- Semiconductors and Electronics
- Healthcare
- Aviation
- E-Commerce
- Others
The industry can be categorised based on its function as:
- Assembly
- Packaging
- Transportation
- Distribution
- Storage
- Waste Handling
Looks into, The regional material handling equipment markets like:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
| CAGR 2025-2034 - Market by | Country |
| India | 9.5% |
| Canada | 8.4% |
| China | 7.9% |
| USA | 7.3% |
| Australia | 6.1% |
| Japan | 5.4% |
| UK | XX% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
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Global Material Handling Equipment Market Analysis
The global material handling equipment market is being driven by the rising demand for incorporation of automation and modernisation into manufacturing procedures to make the manufacturing process simpler and cost-effective. The other factors contributing to the industry growth are the development of the aviation and e-commerce sectors, and the demand for supply chain transparency and flexibility in warehouse activities, and the rising demand for enhanced storage and transportation of goods in warehouses. By improving logistics in warehouses and manufacturing plants, it guarantees increased productivity. These products give a cost-effective, process-efficient, and precise technique for the rapid transfer of goods across production plants and warehouses, leading to its enhanced demand and, thus, aiding the industry growth. The rising material handling equipment in emerging markets like India is expected to also propel the overall industry growth globally. Manufacturing and other sectors are constantly attracting enormous quantities of foreign capital, thereby increasing the operations of manufacturing. Governments around the globe are growing their infrastructure growth to construct and upgrade new airports, rail networks, seaports, and power plants. It ensures improved productivity by enhancing logistics at warehouses and manufacturing plants.
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Competitive Landscape
Key material handling equipment market players are actively investing in advanced technologies such as robotics and automation to lower human labour dependency and improve their operational efficiency. Material handling equipment companies are also attempting to offer eco-friendly material handling solutions to reduce greenhouse gas emissions and minimise operational costs.
Daifuku Co., Ltd.
Daifuku Co., Ltd., headquartered in Osaka, Japan, and established in 1937, is a prominent material handling company. The company leverages advanced technologies and its expertise to respond to the evolving logistics demands of its customers. In 2023, the company began operational testing of its newest high-speed, high-rise automated storage and retrieval system (AS/RS) stacker cranes.
Jungheinrich AG
Jungheinrich AG, headquartered in Hamburg, Germany, and established in 1953, is a global intralogistics company. It offers sustainable solutions for automation, material handling, and warehousing. Some of its products and services include lithium-ion technology, mobile robots, electric trucks, automated warehouse systems, and software, among others. In 2023, the company generated EUR 5.5 billion in revenue.
The Beumer Group GmbH & Co. KG
The Beumer Group GmbH & Co. KG, founded in 1935 and headquartered in Beckum, Germany, is a leading manufacturer of intralogistics systems for loading, conveying, packaging, palletising, sortation, and distribution. The company boasts 5,600 employees and generates an annual order intake of around EUR 1,25 billion.
Kion Group AG
Kion Group AG, founded in 1819 and headquartered in Frankfurt, Germany, is a leading manufacturer of intralogistics solutions. Its products and solutions ensure the optimal flow of materials in warehouses, production plants, and distribution centres in more than 100 countries. The company is also one of the world’s leading warehouse automation providers.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other leading companies in the material handling equipment market include Mecalux, S.A., Toyota Industries Corporation, Hyster-Yale Materials Handling, Inc., JBT Corporation, and KUKU AG, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global material handling equipment market attained a value of nearly USD 40.28 Billion.
The market is projected to grow at a CAGR of 7.20% between 2025 and 2034.
The major drivers of the industry, such as the rising demand for incorporation of automation and modernisation into manufacturing procedures, are expected to aid the market growth.
The key market trend guiding the industry growth include the increase in industrial and infrastructural operations.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Storage and handling equipment, automated storage and retrieval system, industrial trucks, and bulk material handling equipment, among others, are the leading products in the industry.
Unit and bulk load material handling systems are the major system types of the product.
The significant functions of the product in the market include assembly, packaging, transportation, distribution, storage, and waste handling.
Automotive, metal and heavy machinery, food and beverages, chemicals, semiconductors and electronics, healthcare, aviation, and e-commerce, among others, are the significant industries of the product.
The major players in the industry are Daifuku Co., Ltd., Jungheinrich AG, The Beumer Group GmbH & Co. KG, Kion Group AG, Mecalux, S.A., Toyota Industries Corporation, Hyster-Yale Group, Inc., JBT Corporation, KUKA AG, Others.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 80.73 Billion by 2034.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by System Type |
|
| Breakup by Function |
|
| Breakup by Industry |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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