Material Handling Equipment Market To Receive Overwhelming Hike In Revenue That Will Boost Overall Industry Growth, Forecast 2032 | BEUMER GROUP, Daifuku Co., Ltd., Honeywell International

The material handling equipment industry is evolving rapidly, driven by automation, e-commerce expansion, and sustainability mandates. Expert stakeholders are leveraging advanced analytics and real-time monitoring to optimize warehouse throughput and reduce downtime.

Market Size and Overview-
The Global Material Handling Equipment Market size is estimated to be valued at USD 242.51 Bn in 2025 and is expected to reach USD 369.73 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2025 to 2032. Our market insights indicate rising capital investments across logistics and manufacturing sectors, reflecting robust market forecast and business growth trajectories.

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Key Takeaways:

• Region:

- North America: Hub for automated forklift adoption, driven by high labor costs.
- Latin America: Growing warehouse construction in Brazil and Mexico fuels demand.
- Europe: Stringent safety regulations accelerate conveyor and stacker usage.
- Asia Pacific: Fastest-growing region as India and China expand e-commerce logistics.
- Middle East: Infrastructure projects in UAE and Saudi Arabia increase crane installations.
- Africa: Mining sector modernization in South Africa opts for heavy-duty handling.

• Segmentation:

- Equipment Type: Forklifts, conveyors, automated storage and retrieval systems (AS/RS) - AS/RS use case: Amazon's 2024 distribution center in APAC.
- Application: Warehousing & logistics, manufacturing, pharmaceuticals - Example: Toyota's just-in-time line uses AGVs to cut lead times by 12% in 2024.
- End-User Industry: Automotive, food & beverage, retail - Retail use case: Walmart deployed 500 mobile robots in North American stores, boosting throughput by 18%.

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Growth Factors:

• E-commerce shipments rose by 22% in 2024, prompting logistics firms to invest in 15% more automated guided vehicles (AGVs) versus 2023.
• Global warehouse construction spending hit USD 142 Bn in 2024, up 11%, underpinning equipment market growth.
• Escalating labor costs in North America (+6% YoY in 2024) drive automation adoption, bolstering material handling equipment market growth and market drivers.

Market Trends:

• Integration of IoT sensors: 35% of new forklifts sold in 2024 had telematics, enabling predictive maintenance and reducing downtime by 20%.
• Green compliance: 28% of warehouses in Europe retrofitted equipment with energy-efficient drives in 2024, addressing market restraints related to carbon emissions.
• Collaborative robots (cobots): Shipments doubled in 2024, facilitating safe human-robot workflows in confined warehouse zones, a key market opportunity.

Actionable Insights:

• Supply-Side Indicators:
- Production Capacity: Leading manufacturers expanded output by 10% in Q1 2025 to meet rising orders.
- Pricing: Average ASP of AGVs increased 4% in 2024 due to semiconductor shortages.
- Exports: Asia Pacific's exports of conveyors grew 14% in 2024, capturing new market share in Europe.
• Demand-Side Indicators:
- Imports: North American imports of stackers surged 18% in H2 2024.
- Use Cases: Automotive OEMs increased robotic palletizers by 12% in 2024 to shorten assembly cycle times.
• Micro/Nano Indicators:
- SMB warehouses in APAC invest in entry-level lift tables, with unit sales up 25% in 2024.
- Last-mile delivery hubs in Europe trial mobile shelving units, boosting space utilization by 30%.

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Key Players:

BEUMER GROUP; Daifuku Co., Ltd.; Honeywell International, Inc.; KION Group; Dematic; Jungheinrich AG; Toyota Material Handling; Crown Equipment Corporation; Mitsubishi Logisnext; Hyster-Yale Materials Handling; ABB Ltd.; Konecranes Oyj; SSI Schaefer; Linde Material Handling; Komatsu Ltd.; Kalmar (Cargotec); SSI Schaefer; LogisTech Solutions; Raymond Corporation; Kawasaki Heavy Industries.

• Daifuku's 2024 acquisition of a robotics startup increased AS/RS revenues by 18%.
• Honeywell's partnership with a major retailer in 2025 delivered a 22% reduction in downtime via cloud-based fleet management.
• KION Group's market growth strategies include modular designs, yielding a 12% cost saving in large-scale deployments.

FAQs

1. Who are the dominant players in the Material Handling Equipment Market?
Key players include BEUMER GROUP, Daifuku Co., Ltd., Honeywell International, Inc., KION Group, Dematic, and Jungheinrich AG, which collectively drive innovation and competitive pricing.

2. What will be the size of the Material Handling Equipment Market in the coming years?
The market size is projected to grow from USD 242.51 Bn in 2025 to USD 369.73 Bn by 2032 at a CAGR of 6.2%, per our market forecast.

3. Which end-user industry has the largest growth opportunity?
E-commerce warehouses and automotive assembly lines exhibit the strongest market growth, driven by demand for faster throughput and just-in-time fulfillment.

4. How will market development trends evolve over the next five years?
Trends will center on digital twin integration, zero-emission equipment, and expanded cobot deployments, supported by rising industry share of automation solutions.

5. What is the nature of the competitive landscape and challenges in the Material Handling Equipment Market?
The landscape is fragmented, with mid-sized players competing on customization. Key challenges include semiconductor shortages and rising raw material costs affecting market revenue.

6. What go-to-market strategies are commonly adopted in the Material Handling Equipment Market?
Strategies include strategic acquisitions (e.g., Daifuku's 2024 buyout), co-development partnerships (Honeywell & retailers), and subscription-based maintenance services, enhancing service revenue and customer retention.

✍️ Author of this marketing PR:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.

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