Material Handling Equipment Market Size, Share, Trends, Growth Outlook

Material Handling Equipment Market is estimated to increase at a growth rate of 5.7% CAGR over the forecast period from 2024 to 2030.

The global Material Handling Equipment Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Product (Cranes & Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking & Storage Equipment), By Application (Automotive, Food & Beverages, Chemical, Semiconductor & Electronics, E-commerce, Aviation, Pharmaceutical, Others).

An Introduction to Global Material Handling Equipment Market, 2024

The Material Handling Equipment Market is experiencing robust growth in 2024, driven by increasing industrialization, e-commerce expansion, and automation trends across various sectors. Material handling equipment encompasses a wide range of machinery and tools designed to facilitate the movement, storage, and control of goods and materials within manufacturing facilities, warehouses, distribution centers, and logistics operations. With the advent of Industry 4.0 technologies, such as robotics, IoT-enabled devices, and AI-driven systems, the material handling equipment market is witnessing a paradigm shift towards smarter, more efficient solutions. Manufacturers are focusing on ergonomics, safety features, and sustainability initiatives to meet the evolving needs of end-users while optimizing operational workflows and reducing labor costs. As businesses strive for greater efficiency and agility in their supply chains, the material handling equipment market is poised for continued expansion, offering innovative solutions to enhance productivity and competitiveness.

Material Handling Equipment Competitive Landscape

The global Material Handling Equipment market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Material Handling Equipment Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Material Handling Equipment Market Industry include- Beumer Group, Daifuku Co. Ltd, Honeywell International Inc, Kion Group AG, Mecalux S.A., Murata Manufacturing Co. Ltd, SSI SCHAEFER, Swisslog Holding AG, Toyota Industries Corp, Vanderlande Industries B.V..

Material Handling Equipment Market Trend: Adoption of Automation and Robotics in Material Handling

The most prominent trend in the Material Handling Equipment Market is the adoption of automation and robotics in material handling processes. With the increasing emphasis on efficiency, productivity, and safety in warehouses, distribution centers, and manufacturing facilities, there is a growing demand for material-handling equipment that can automate tasks and streamline operations. This trend is driven by factors such as labor shortages, rising labor costs, and the need for faster order fulfillment in the e-commerce and logistics industries. Additionally, advancements in robotics technology, artificial intelligence, and machine learning enable the development of automated material handling solutions that can handle complex tasks such as picking, packing, and palletizing. As industries embrace automation to improve efficiency and reduce operational costs, the market for material handling equipment is experiencing significant growth, presenting opportunities for manufacturers to innovate and offer advanced automation solutions.

Material Handling Equipment Market Driver: Growth in E-Commerce and Logistics Industry

One of the primary drivers propelling the Material Handling Equipment Market is the growth in the e-commerce and logistics industry. With the rise of online shopping and the increasing demand for fast and reliable order fulfillment, there is a growing need for efficient material handling equipment to support warehouse operations, distribution centers, and fulfillment centers. This driver is fueled by factors such as the shift towards omnichannel retailing, the expansion of last-mile delivery services, and the globalization of supply chains. Additionally, the COVID-19 pandemic has accelerated the adoption of e-commerce and digital retailing, further driving demand for material handling equipment to handle the surge in online orders and meet customer expectations for fast delivery. As e-commerce companies and logistics providers invest in expanding their warehouse and distribution capabilities, the demand for material handling equipment continues to grow, driving market expansion and investment in advanced warehouse automation solutions.

Material Handling Equipment Market Opportunity: Integration of IoT Connectivity and Predictive Maintenance

An exciting opportunity within the Material Handling Equipment Market lies in the integration of IoT connectivity and predictive maintenance capabilities. By equipping material handling equipment with IoT sensors and communication modules, manufacturers can enable real-time monitoring of equipment performance, operational conditions, and maintenance needs. This proactive approach to maintenance allows for early detection of potential issues, prevention of unplanned downtime, and optimization of equipment reliability. Moreover, data collected from connected material handling equipment can be analyzed using predictive analytics algorithms to identify trends, predict failure modes, and optimize maintenance schedules. Additionally, offering predictive maintenance services and remote monitoring solutions to customers enables manufacturers to provide value-added services and strengthen customer relationships. By embracing the opportunity to integrate IoT connectivity and predictive maintenance into material handling equipment, manufacturers can differentiate their products, enhance reliability, and capture market share in the growing market for smart warehouse solutions.

Material Handling Equipment Market Segmentation

By Product
Cranes & Lifting Equipment
Industrial Trucks
Continuous Handling Equipment
Racking & Storage Equipment
By Application
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
OthersGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Material Handling Equipment Companies

Beumer Group
Daifuku Co. Ltd
Honeywell International Inc
Kion Group AG
Mecalux S.A.
Murata Manufacturing Co. Ltd
SSI SCHAEFER
Swisslog Holding AG
Toyota Industries Corp
Vanderlande Industries B.V.
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Material Handling Equipment Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Material Handling Equipment Market Size Outlook, $ Million, 2021 to 2030
3.2 Material Handling Equipment Market Outlook by Type, $ Million, 2021 to 2030
3.3 Material Handling Equipment Market Outlook by Product, $ Million, 2021 to 2030
3.4 Material Handling Equipment Market Outlook by Application, $ Million, 2021 to 2030
3.5 Material Handling Equipment Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Material Handling Equipment Industry
4.2 Key Market Trends in Material Handling Equipment Industry
4.3 Potential Opportunities in Material Handling Equipment Industry
4.4 Key Challenges in Material Handling Equipment Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Material Handling Equipment Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Material Handling Equipment Market Outlook by Segments
7.1 Material Handling Equipment Market Outlook by Segments, $ Million, 2021- 2030
By Product
Cranes & Lifting Equipment
Industrial Trucks
Continuous Handling Equipment
Racking & Storage Equipment
By Application
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others

8 North America Material Handling Equipment Market Analysis and Outlook To 2030
8.1 Introduction to North America Material Handling Equipment Markets in 2024
8.2 North America Material Handling Equipment Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Material Handling Equipment Market size Outlook by Segments, 2021-2030
By Product
Cranes & Lifting Equipment
Industrial Trucks
Continuous Handling Equipment
Racking & Storage Equipment
By Application
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others

9 Europe Material Handling Equipment Market Analysis and Outlook To 2030
9.1 Introduction to Europe Material Handling Equipment Markets in 2024
9.2 Europe Material Handling Equipment Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Material Handling Equipment Market Size Outlook by Segments, 2021-2030
By Product
Cranes & Lifting Equipment
Industrial Trucks
Continuous Handling Equipment
Racking & Storage Equipment
By Application
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others

10 Asia Pacific Material Handling Equipment Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Material Handling Equipment Markets in 2024
10.2 Asia Pacific Material Handling Equipment Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Material Handling Equipment Market size Outlook by Segments, 2021-2030
By Product
Cranes & Lifting Equipment
Industrial Trucks
Continuous Handling Equipment
Racking & Storage Equipment
By Application
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others

11 South America Material Handling Equipment Market Analysis and Outlook To 2030
11.1 Introduction to South America Material Handling Equipment Markets in 2024
11.2 South America Material Handling Equipment Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Material Handling Equipment Market size Outlook by Segments, 2021-2030
By Product
Cranes & Lifting Equipment
Industrial Trucks
Continuous Handling Equipment
Racking & Storage Equipment
By Application
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others

12 Middle East and Africa Material Handling Equipment Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Material Handling Equipment Markets in 2024
12.2 Middle East and Africa Material Handling Equipment Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Material Handling Equipment Market size Outlook by Segments, 2021-2030
By Product
Cranes & Lifting Equipment
Industrial Trucks
Continuous Handling Equipment
Racking & Storage Equipment
By Application
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Beumer Group
Daifuku Co. Ltd
Honeywell International Inc
Kion Group AG
Mecalux S.A.
Murata Manufacturing Co. Ltd
SSI SCHAEFER
Swisslog Holding AG
Toyota Industries Corp
Vanderlande Industries B.V.

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Product
Cranes & Lifting Equipment
Industrial Trucks
Continuous Handling Equipment
Racking & Storage Equipment
By Application
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others