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Global Material Handling Equipment Market Expected to Grow at a CAGR of 7.2% between 2024 and 2032.

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Material Handling Equipment Market

Global Material Handling Equipment Market Size, Forecast: By Product: Storage and Handling Equipment, Automated Storage and Retrieval System, Industrial Trucks, Bulk Material Handling Equipment, Others; By System Type: Unit Load Material Handling Systems, Others; By Function; By Industry; Regional Analysis; Competitive Landscape; 2024-2032

Global Material Handling Equipment Market Outlook

The global material handling equipment market size attained a value of around USD 37.57 billion in 2023. The market is further anticipated to grow at a CAGR 7.2% over the forecast period of 2024-2032.

 

Material Handling Equipment Market

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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.

 

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, and bulk material handling equipment. The industry can be categorised on the basis of its system type as unit load material handling systems and bulk load material handling systems.

 

Material Handling Equipment Market By Segments

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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, and waste handling.

The EMR report looks into the regional material handling equipment markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

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.

 

Material Handling Equipment Market By Region

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Competitive Landscape

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:

  • Daifuku Co., Ltd.
  • Jungheinrich AG
  • The Beumer Group GmbH & Co. KG
  • Kion Group AG
  • Mecalux, S.A.
  • Toyota Industries Corporation
  • Hyster-Yale Materials Handling, Inc.
  • JBT Corporation
  • KUKU AG
  • Others

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.

 

Key Highlights of the Report

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:

  • Product
  • System Type
  • Function
  • Industry
  • Region
Breakup by Product
  • Storage and Handling Equipment
  • Automated Storage and Retrieval System
  • Industrial Trucks
  • Bulk Material Handling Equipment
  • Others
Breakup by System Type
  • Unit Load Material Handling Systems
  • Bulk Load Material Handling Systems
Breakup by Function
  • Assembly
  • Packaging
  • Transportation
  • Distribution
  • Storage
  • Waste Handling
Breakup by Industry
  • Automotive
  • Metal & Heavy Machinery
  • Food & Beverages
  • Chemicals
  • Semiconductors & Electronics
  • Healthcare
  • Aviation
  • E-Commerce
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Material Handling Equipment Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Material Handling Equipment Historical Market (2018-2023) 
    8.3    Global Material Handling Equipment Market Forecast (2024-2032)
    8.4    Global Material Handling Equipment Market by Product
        8.4.1    Storage and Handling Equipment
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Automated Storage and Retrieval System
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Industrial Trucks
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Bulk Material Handling Equipment
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Material Handling Equipment Market by System Type
        8.5.1    Unit Load Material Handling Systems
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Bulk Load Material Handling Systems
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Material Handling Equipment Market by Function
        8.6.1    Assembly
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Packaging
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Transportation
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Distribution
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Storage
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Waste Handling
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
    8.7    Global Material Handling Equipment Market by Industry
        8.7.1    Automotive
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Metal and Heavy Machinery
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Food and Beverages
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Chemicals
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Semiconductors and Electronics
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    Healthcare
            8.7.6.1    Historical Trend (2018-2023)
            8.7.6.2    Forecast Trend (2024-2032)
        8.7.7    Aviation
            8.7.7.1    Historical Trend (2018-2023)
            8.7.7.2    Forecast Trend (2024-2032)
        8.7.8    E-Commerce
            8.7.8.1    Historical Trend (2018-2023)
            8.7.8.2    Forecast Trend (2024-2032)
        8.7.9    Others    
    8.8    Global Material Handling Equipment Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032) 
9    North America Material Handling Equipment Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Material Handling Equipment Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Material Handling Equipment Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.2    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Material Handling Equipment Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Material Handling Equipment Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive  Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Daifuku Co., Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Jungheinrich AG
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    The Beumer Group GmbH & Co. KG
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Kion Group AG
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Mecalux, S.A.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Toyota Industries Corporation
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Hyster-Yale Group, Inc.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    JBT Corporation
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    KUKA AG
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Material Handling Equipment Market: Key Industry Highlights, 2018 and 2032
2.    Global Material Handling Equipment Historical Market: Breakup by Product (USD Million), 2018-2023
3.    Global Material Handling Equipment Market Forecast: Breakup by Product (USD Million), 2024-2032
4.    Global Material Handling Equipment Historical Market: Breakup by System Type (USD Million), 2018-2023
5.    Global Material Handling Equipment Market Forecast: Breakup by System Type (USD Million), 2024-2032
6.    Global Material Handling Equipment Historical Market: Breakup by Function (USD Million), 2018-2023
7.    Global Material Handling Equipment Market Forecast: Breakup by Function (USD Million), 2024-2032
8.    Global Material Handling Equipment Historical Market: Breakup by Industry (USD Million), 2018-2023
9.    Global Material Handling Equipment Market Forecast: Breakup by Industry (USD Million), 2024-2032
10.    Global Material Handling Equipment Historical Market: Breakup by Region (USD Million), 2018-2023
11.    Global Material Handling Equipment Market Forecast: Breakup by Region (USD Million), 2024-2032
12.    North America Material Handling Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
13.    North America Material Handling Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Europe Material Handling Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Europe Material Handling Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Asia Pacific Material Handling Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Asia Pacific Material Handling Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Latin America Material Handling Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Latin America Material Handling Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Middle East and Africa Material Handling Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Middle East and Africa Material Handling Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Global Material Handling Equipment Market Structure

Key Questions Answered in the Report

What was the global material handling equipment market size in 2023?

In 2023, the global material handling equipment market attained a value of nearly USD 37.57 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.

What are the major industry drivers?

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.

What are the key industry trends of the material handling equipment market?

The key market trend guiding the industry growth include the increase in industrial and infrastructural operations.

What are the major regional markets of material handling equipment, according to the market report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading products in the industry?

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.

What are the major system types of the product?

Unit and bulk load material handling systems are the major system types of the product.

What are the significant functions of the product in the market?

The significant functions of the product in the market include assembly, packaging, transportation, distribution, storage, and waste handling.

What are the leading industries of material handling equipment?

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.

Who are the key industry players, according to the report?

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.

Analyst Review

The global material handling equipment market attained a value of USD 37.57 billion in 2023, driven by the rising demand for incorporation of automation and modernisation into manufacturing procedures. Aided by the increase in industrial and infrastructural operations, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.2%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on products, the industry can be segmented into storage and handling equipment, automated storage and retrieval system, industrial trucks, bulk material handling equipment, and others. By system type, the market is divided into unit and bulk load material handling systems. On the basis of function, the industry is segmented into assembly, packaging, transportation, distribution, storage, and waste handling. On the basis of industry, the industry is categorised into automotive, metal and heavy machinery, food and beverages, chemicals, semiconductors and electronics, healthcare, aviation, e-commerce, and others. The major regional markets for material handling equipment are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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