Press release
Material Handling Equipment Market Poised for Steady Growth at 6.2% CAGR Through 2032, Driven by Automation and Industrial Expansion
The global material handling equipment market is on a robust growth trajectory, driven by rapid industrialization, automation adoption, and technological advancements in logistics and warehouse operations. By 2025, the market is projected to reach US$ 263.3 Bn, expanding at a CAGR of 6.2% to hit US$ 400.6 Bn by 2032. The key factors fueling this growth include rising e-commerce penetration, demand for efficient material movement solutions, and integration of IoT-based automation.
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Among the market segments, cranes and lifting equipment are expected to dominate, capturing 37.6% of the market in 2025, due to their high utility in construction and logistics. Geographically, North America leads the market, holding 36.5% of the share in 2025, driven by strong investments in automation and the presence of key industry players.
Key Highlights from the Report
✦ The global e-commerce boom is fueling demand for advanced material handling solutions.
✦ Automation and robotics are transforming warehouse and logistics operations.
✦ Rising manufacturing activities are increasing demand for material handling systems.
✦ Integration of IoT and smart technologies is enhancing supply chain efficiency.
✦ Cranes and lifting equipment will dominate with a 37.6% market share in 2025. ✦ North America will retain a 36.5% market share, driven by strong industry presence.
Market Segmentation
The material handling equipment market is segmented based on product type, end-user industry, and technology adoption.
By Product Type: This includes conveyors, cranes and lifting equipment, forklifts, automated guided vehicles (AGVs), and storage and retrieval systems. Among these, cranes and lifting equipment hold the largest market share due to their crucial role in heavy-duty applications.
By End-User Industry: The market serves manufacturing, automotive, retail and e-commerce, food and beverage, pharmaceuticals, and logistics sectors. The e-commerce sector is projected to hold 25.4% of the market in 2025, spurred by rising demand for efficient warehousing solutions.
By Technology Adoption: The rise of automation, IoT-enabled equipment, and AI-driven material handling is shaping industry dynamics. Advanced tracking systems and robotic picking solutions are revolutionizing logistics efficiency.
Regional Insights
North America: The region is expected to dominate with a 36.5% market share in 2025, driven by e-commerce growth and automation in supply chains. The U.S. leads due to investments in robotics by giants like Amazon and Walmart.
Europe: Holding a 28.9% share in 2025, Europe's market is bolstered by automation in warehousing and the manufacturing sector, with Germany and the U.K. leading technological advancements.
Asia-Pacific: Countries like China, Japan, and India are witnessing rising investments in automated material handling, contributing to significant market expansion.
Market Drivers
E-commerce Expansion: The increasing demand for faster and more efficient order fulfillment is pushing investments in warehouse automation and robotics.
Industry 4.0 and Smart Logistics: The adoption of AI, IoT, and real-time data tracking is enhancing supply chain efficiency, driving demand for intelligent material handling solutions.
Labor Shortages and Safety Concerns: Automation is addressing workforce shortages and improving workplace safety, encouraging industries to deploy autonomous handling systems.
Market Restraints
High Initial Costs: The substantial investment required for adopting advanced automation and robotics remains a barrier, particularly for small and medium enterprises (SMEs).
Lack of Skilled Workforce: The integration of complex technologies requires trained personnel, posing a challenge for companies in emerging economies.
Market Opportunities
Expansion of Cold Chain Logistics: The need for specialized material handling equipment for temperature-sensitive goods is creating new growth avenues.
Sustainable Material Handling Solutions: Rising emphasis on green logistics and energy-efficient equipment presents opportunities for innovation in eco-friendly automation.
Advancements in AI and Machine Learning: The evolution of AI-driven predictive maintenance and smart tracking solutions is transforming operational efficiency in warehouses and distribution centers.
Reasons to Buy the Report
✔ Comprehensive insights into market trends, forecasts, and growth drivers.
✔ Detailed analysis of key segments, including product types and end-user industries.
✔ In-depth regional market analysis highlighting emerging opportunities.
✔ Strategic insights into automation and Industry 4.0 technologies.
✔ Competitive landscape with key company profiles and recent developments.
Frequently Asked Questions (FAQs)
How big is the material handling equipment market?
Who are the key players in the global material handling equipment market?
What is the projected growth rate of the market?
What is the market forecast for 2032?
Which region is estimated to dominate the industry through the forecast period?
Company Insights
• Toyota Material Handling - Launched autonomous mobile robot (AMR) series for retail and logistics.
• Honeywell International - Introduced next-gen robotic picking system for warehouse efficiency.
• Kion Group AG - Expanded lithium-ion battery production for warehouse automation. • Dematic - Partnered with major retailers to integrate AI-powered fulfillment solutions.
• Daifuku Co., Ltd. - Developed automated warehouse management systems to enhance efficiency.
• Hyster-Yale Materials Handling, Inc. - Innovating in high-capacity electric forklifts for sustainable operations.
• Konecranes - Launched Smart Features for overhead cranes to improve safety and precision.
• Liebherr Group - Introduced advanced telemetry in mobile cranes for remote monitoring.
Conclusion
The material handling equipment market is poised for substantial growth, fueled by automation, smart technologies, and the expansion of e-commerce and industrial applications. North America and Europe remain key markets, while Asia-Pacific is rapidly catching up with investments in advanced logistics solutions. The industry's future lies in embracing Industry 4.0 innovations, ensuring sustainability, and optimizing operational efficiency through automation.
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