Material Handling Equipment Market Outlook: Size, Share, Growth, Key Drivers, Segmentation, Regional & Recent Trends

The Material Handling Equipment Market has been expanding significantly in recent years, driven by various key factors. This report provides a comprehensive analysis of the market, including market size, trends, drivers and constraints, competitive aspects, and prospects for future growth.

Market Size & Growth:

• The Material Handling Equipment Market size reached a valuation of USD 239.3 billion in 2024.
• The Material Handling Equipment Market growth is projected to reach a valuation of USD 390.88 billion by 2032.
• The Material Handling Equipment Market share is expected to register a compound annual growth rate (CAGR) of 6.4% from 2024 to 2032.

Recent Key Trends:

KION Group, a leader in the material handling equipment sector has made a strategic alliance with the Li-Cycle, an lithium ion resource leader to strengthen their battery recycling and sustainability offerings position in the industry.

Crown equipment corporation, expnded its product portfolio with Internal combustion and Electric counterbalance forklifts that can offer a carrying capacity upto 5.5 tons.

Toyota Industries Corporation’s division Toyota Material Handling Japan (TMHJ) has developed an autonomous AI lift trucks that locates, position trucks, loads and generates an automated routes for loading operations.

SSI Schaefer, a leader in intralogistic sector has launched its SSI Mobile robots and shelving systems improving intralogistic operations and speed up logistic processes and reduce cost offering partial automation option to intralogistic sector.

This Report includes a company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The data points provided are only related to the company's focus related to Material Handling Equipment markets. Leading global Material Handling Equipment market players and manufacturers are studied to give a brief idea about the competitions.

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Key Players:

• Daifuku Co., Ltd. (Japan)
• Liebherr Group (Switzerland)
• Schaefer System International Ltd. (Germany)
• Toyota Industries Corporation (Japan)
• Beumer Group (Germany)
• Jungheinrich AG (Germany)
• Godrej Group (India)
• Kion Group AG (Germany)
• Action Construction Equipment Ltd. (India)
• Hyster-Yale Materials Handling, Inc. (U.S.)
• Swisslog Holding AG (Germany)
• Crown Equipment Corporation (U.S.)
• Hyster-Yale Materials Handling, Inc. (U.S.)
• Mitsubishi Logisnext Co., Ltd. (Japan)
• KUKA AG (Germany)

Regional Trends:

• North America: U.S., Canada, Mexico

• Europe: Germany, U.K., France, Italy, Spain, Rest of Europe

• Asia Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific

• Latin America: Brazil, Argentina, Rest of Latin America

• Middle East & Africa: GCC Countries, South Africa, Rest of MEA

Highlights of Our Report

Our report offers extensive market analysis, providing a deep dive into manufacturing capabilities, production volumes, and technological innovations within the Material Handling Equipment Market. It includes detailed corporate insights with in-depth reviews of company profiles, highlighting major players and their strategic moves in this competitive landscape. The report also examines consumption trends to shed light on current demand dynamics and consumer preferences. Comprehensive segmentation details illustrate the market’s distribution across various end-user segments, applications, and industries. In addition, there is a thorough pricing evaluation that explores pricing structures and the key factors influencing market strategies. Finally, the report presents a forward-looking outlook, offering predictive insights into emerging trends, growth opportunities, and potential challenges that may shape the market’s future.

Market Segmentation:

By Equipment Type

• Transport Equipment
  • Roller
  • Chain
  • Wheel
  • Others (Vertical, Screw Conveyor, Inclined Belt)
  • Jib Cranes
  • Bridge Cranes
  • Gantry Cranes
  • Others (Hammerhead, Telescopic, Crawler)
  • Hand Trucks
  • Pallet Trucks
  • Lift Truck
  • Others (Pallet Jacks, Side Loaders, Walking Stackers)
  • Conveyors
  • Cranes
  • Industrial Trucks
  • Automated Guided Vehicles AGVs
  • Others (Hoppers, Reclaimers)
• Handling Equipment
  • Dock Leveler
  • Hoist
  • Others (Rotary Index Table, Lift/Tilt/Turn Table, Parts Feeder, Balancer)
• Racking & Storage Equipment
  • Automatic Storage/Retrieval System
  • Selective Pallet Rack
  • Others (Sliding Racks, Stacking Frames, Push-back Racks)
  • Others (Unit Load Formation Equipment, Identification, and Control Equipment)

By Industry

• • Consumer Goods & Electronics
  • Automotive
  • Food & Beverages
  • Pharmaceutical
  • Construction
  • Mining
  • Semiconductors
  • Others (Aviation, Chemicals)

Key Drivers/ Restrains:

• Drivers:
  • Growing demand for automation and efficiency in logistics and warehousing operations to enhance productivity.
  • Increasing investment in infrastructure development and manufacturing activities across various industries.
• Restraints:
  • High initial costs associated with purchasing and implementing advanced material handling equipment.
  • Challenges related to skilled labor shortages and the need for training in operating sophisticated equipment.

In Summary:

The material handling equipment market is experiencing growth as industries embrace automation, AI-driven logistics, and IoT-enabled tracking. Advanced conveyor systems, robotic palletizers, and AGVs are optimizing warehouse operations. As supply chains modernize, demand for smart material handling equipment is expected to increase.

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.