Press release
Material Handling Equipment Market Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Material Handling Equipment Market Size Market Size
The growth of online commerce sectors could significantly contribute to the expansion of the material handling equipment market. E-commerce comprises buying and selling commodities and services online. The surge in the e-commerce industry can be attributed to evolving customer preferences, added convenience, and a personalized user experience. Automated material handling tools aid businesses in their industrial environments by facilitating packaging, handling bulky materials, and managing the supply-chain ecosystem. For example, according to a report by International Trade Administration (ITA), a US government agency, global e-commerce earnings were at $3.6 trillion in 2023 and are estimated to exceed $5.5 trillion by 2027, posting a compound annual growth rate (CAGR) of 14.4%. Hence, a boost in e-commerce sectors would indeed invigorate the material handling equipment market.
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What Is the projected market size and growth rate for the material handling equipment market market?
The market for material handling equipment has experienced significant growth lately, with its value expected to increase from $205.25 billion in 2024 to $219.29 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.8%. The reason behind this robust growth in the previous period include escalating e-commerce activities, expansion in the manufacturing sector, optimization of the global supply chain, automation of warehouse operations, and increased activities in ports and terminals.
In the coming years, the material handling equipment market is projected to witness robust growth. The market size is anticipated to reach $289.51 billion by 2029, experiencing a compound annual growth rate (CAGR) of 7.2%. Factors leading to this growth for the forecast period include advancements in e-commerce logistics, sustainability initiatives, shifts in global manufacturing, and increased demands for last-mile delivery, combined with the integration of smart logistics. Some major trends expected during the forecast period are emphasizing ergonomic design for the comfort and safety of operators, customization and modular solutions for material handling systems, the application of artificial intelligence for intelligent decision-making, the growth of autonomous material handling equipment and a focus on safety technologies such as collision avoidance.
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What new trends are reshaping the material handling equipment market market and its opportunities?
The rise of technological invention is a prominent trend in the material handling equipment market. To fortify their position, leading companies are focusing on the design of novel equipment technologies like electric material handling equipment. For example, Linde Material Handling, a German company manufacturing forklift trucks and warehouse equipment, launched electric heavy-duty forklift trucks in May 2022. These devices have load capacities between 10 and 18 tonnes. The innovative, compact series of heavy-duty trucks expands on the eight-ton range, featuring a double drive, double lifting hydraulics, two batteries, and scaled pumps.
What major market segments define the scope and growth of the material handling equipment market market?
The material handling equipment market market covered in this report is segmented -
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
Subsegments:
1) By Manufacturer: Equipment Manufacturers, Systems Integrators
2) By Distributor: Wholesale Distributors, Retail Distributors
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Which region dominates the material handling equipment market market?
Asia-Pacific was the largest region in the material handling equipment market share in 2024. The regions covered in the material handling equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the material handling equipment market industry growth?
Major companies operating in the material handling equipment market market include Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., KION Group AG, Toyota Industries Corporation, Honeywell International Inc., SSI Schäfer Group GmbH, Jungheinrich AG, Crown Equipment Corporation, Hyster-Yale Materials Handling Inc., Mitsubishi Caterpillar Forklift America Inc., Mecalux S.A., Murata Manufacturing Co. Ltd., Liebherr Group, Swisslog Holding AG, Action Construction Equipment Ltd., TGW Logistics Group GmbH, Viastore Systems GmbH, WITRON Logistik + Informatik GmbH, BHS Corrugated Maschinen- und Anlagenbau GmbH, Cimcorp Automation Ltd., Columbus McKinnon Corporation, Eisenmann SE, Elettrric80 S.p.A., Hanel GmbH & Co. KG, Hapman LLC, Hytrol Conveyor Company Inc., ICM Airport Technics GmbH, Intelligented Co. Ltd., Jervis B. Webb Company, KITO Corporation, KNAPP AG
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What Is Covered In The Material Handling Equipment Market Global Market Report?
• Market Size Forecast: Examine the material handling equipment market market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the material handling equipment market market for a structured understanding.
• Key Players Overview: Analyze major players in the material handling equipment market market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the material handling equipment market market.
• Segment Contributions: Evaluate how different segments drive overall growth in the material handling equipment market market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the material handling equipment market market.
• Industry Challenges: Identify potential risks and obstacles affecting the material handling equipment market market.
• Competitive Landscape: Review strategic developments in the material handling equipment market market, including expansions, agreements, and new product launches.
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