Material Handling Equipment Market: Trends and Growth Forecast by 2024

The global material handling equipment market size was valued at USD 216.6 billion in 2022. The market is projected to grow from USD 227.4 billion in 2023 to USD 342.0 billion by 2030, exhibiting a CAGR of 6.0% during the forecast period.

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Industry developments of material handling equipment market:

• 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.

Top Companies of material handling equipment market:

• 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)

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Material Handling Equipment Market Segmentation

Material Handling Equipment Market Share, Size & COVID-19 Impact Analysis, By Equipment Type (Transport Equipment, Handling Equipment, Racking & Storage Equipment, and Others), By Industry (Consumer Goods & Electronics, Automotive, Food & Beverages, Pharmaceutical, Construction, Mining, Semiconductors, and Others), and Regional Forecast Between, 2023-2030

Reasons to buy this report:

The present state of the market, trends, growth areas, and competitive dynamics in the material handling equipment market are all thoroughly examined in this report. It helps companies to see areas for expansion and improvement while pointing out possible difficulties and dangers. The report’s evaluation of product portfolios and business segments helps stakeholders make better-informed investments and market strategies.

Developing successful success strategies in the material handling equipment market can be facilitated and decision-making greatly enhanced by having a solid understanding of the industry dynamics described in the report. All things considered, this report is a great resource for anyone looking for in-depth knowledge about this quickly evolving industry.

Regional Atributes:

• North America (By Equipment Type, By Industry, By Country
  • U.S. (By Industry)
  • Canada (By Industry)
• Europe (By Equipment Type, By Industry, By Country)
  • Germany (By Industry)
  • Italy (By Industry)
  • France (By Industry)
  • Spain (By Industry)
  • U.K. (By Industry)
  • Rest of Europe
• Asia Pacific (By Equipment Type, By Industry, By Country)
  • China (By Industry)
  • Japan (By Industry)
  • India (By Industry)
  • Southeast Asia (By Industry)
  • Rest of Asia Pacific
• Middle East & Africa (By Equipment Type, By Industry, By Country)
  • GCC (By Industry)
  • South Africa (By Industry)
  • Rest of Middle East and Africa
• Latin America (By Equipment Type, By Industry, By Country)
  • Brazil (By Industry)
  • Mexico (By Industry)
  • Rest of Latin America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Material Handling Equipment Market Drivers and restrains:

• Driver: Increasing Industrial AutomationThe rise in industrial automation across sectors like manufacturing, logistics, and warehousing drives demand for advanced material handling equipment that improves efficiency, accuracy, and productivity.
• Driver: Growth in E-Commerce and LogisticsThe rapid expansion of e-commerce and logistics operations fuels the need for efficient material handling solutions to manage high volumes of goods, streamline inventory management, and optimize supply chain processes.
• Driver: Technological AdvancementsInnovations such as automation, robotics, and smart sensors enhance the functionality and efficiency of material handling equipment, driving market growth by offering improved performance and operational flexibility.
• Restraint: High Initial CostsThe substantial investment required for purchasing and implementing advanced material handling equipment can be a barrier for smaller companies and startups with limited budgets.
• Restraint: Maintenance and Training RequirementsMaterial handling equipment often requires regular maintenance and specialized operator training, which can lead to additional operational costs and complexity for businesses.

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