Projected Acceleration of Material Handling Equipment Market Through 2025: Detailed Analysis of Size, Growth Rate, and Key Market Forces

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Rapid expansion and market growth expected for the global material handling equipment market by 2025, owing to flourishing e-commerce industries, promising forecasts, leading industry players, and disruptive technological trends.

What Is The Projected Market Size Of The Global Material Handling Equipment Market And Its Growth Rate?
• Estimates place the size of the Material Handling Equipment Market at $205.25 billion in 2024, expected to grow to $219.29 billion in 2025, charting a CAGR of 6.8%.
• Scale of market rise is attributable to e-commerce growth, manufacturing sector expansion, global supply chain optimization, warehouse automation and increased port and terminal activities.
• Forecast from 2025 to 2029 shows significant market growth, reaching $289.51 billion in 2029 at a CAGR of 7.2%.
• Growth in the forecast period driven by evolving e-commerce logistics, green and sustainable practices, global manufacturing shifts, rise in last-mile delivery demands, and smart logistics integration.

What Is Driving The Growth In The Material Handling Equipment Market?
The surge of e-commerce industries is a key force driving the market growth for material handling equipment. As more consumers turn to online platforms for purchase, businesses have increasingly found convenience with automatic material handling equipment when handling bulk materials, managing the supply chain ecosystem, and for packaging in their industrial spaces. For example, the International Trade Administration (ITA) highlighted the incredible growth of global e-commerce revenue reaching $3.6 trillion in 2023 and projected to exceed $5.5 trillion by 2027 with a CAGR of 14.4%. Such growth in e-commerce significantly contributes to the growth of the material-handling equipment market.

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Who Are the Key Players Driving Material Handling Equipment Market Growth?
Several key industry players contribute to the growth of the Material Handling Equipment Market. These include:
• Beumer Group GmbH & Co. KG
• Daifuku Co. Ltd.
• KION Group AG
• Toyota Industries Corporation
• Honeywell International Inc.
• SSI Schäfer Group GmbH
• And many others.

What Are The Key Trends In The Material Handling Equipment Market?
Several technological advancements and trends in the materials handling industry include:
• Implementation of AI for smarter decision-making
• Expansion of autonomous material handling equipment
• Emphasis on ergonomic design ensuring operator comfort and safety
• Customization and modular material handling systems

What Are The Segments Of The Global Material Handling Equipment Market?
The Material Handling Equipment market can be segmented as:
1) By Type: Manufacturer, Distributor
2) By Product: Cranes and Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking and Storage Equipment
3) By End Users: Automotive, Food And Beverages, Chemical, Semiconductor And Electronics, E-commerce, Aviation, Pharmaceutical, Other End Users

Which Region Leads The Material Handling Equipment Market?
Asia-Pacific took the lead in 2024 on the Material Handling Equipment Market share and is expected to dominate in the coming years. Other regions covered in the material handling equipment market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Material Handling Equipment Market Global Market Report 2025?
- Market Size Analysis: Analyze the Material Handling Equipment Market by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Material Handling Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Material Handling Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Material Handling Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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