The global material handling equipment market attained a value of nearly USD 37.57 Billion in 2023. The market is further expected to grow at a CAGR of 7.20% during the forecast period of 2024-2032 to reach a value of USD 70.24 Billion by 2032.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2024-2032
Material Handling Equipment Market Outlook
*this image is indicative*
| Global Material Handling Equipment Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 37.57 |
| Market Size 2032 | USD Billion | 70.24 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 7.2% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 9.0% |
| CAGR 2024-2032 - Market by Country | India | 9.5% |
| CAGR 2024-2032 - Market by Country | Canada | 8.4% |
| CAGR 2024-2032 - Market by Product Type | Automated Storage and Retrieval System | 8.1% |
| CAGR 2024-2032 - 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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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:
The industry can be categorised on the basis of its system type as:
The industry can be broadly categorised on the basis of its industry into:
The industry can be categorised based on its function as:
Looks into, The regional material handling equipment markets like:
| CAGR 2024-2032 - 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% |
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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The report presents a detailed analysis of the following leading material handling equipment companies, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces.
*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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In 2023, the global material handling equipment market attained a value of nearly USD 37.57 Billion.
The market is projected to grow at a CAGR of 7.20% between 2024 and 2032.
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 2024-2032 to reach USD 70.24 Billion by 2032.
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by System Type |
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| Breakup by Function |
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| Breakup by Industry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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