2025 Material Handling Equipment Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Material Handling Equipment Industry Market Size Be by 2025?
In recent times, the size of the material handling equipment market has registered robust growth. The market is projected to expand from $205.25 billion in 2024 to $219.29 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.8%. The impressive growth during the historic period is as a result of factors such as the surge in e-commerce, enlargement of the manufacturing sector, enhancement of the global supply chain, warehouse automation, and heightened activities at ports and terminals.

What's the Long-Term Growth Forecast for the Material Handling Equipment Market Size Through 2029?
The market for material handling equipment is predicted to see significant expansion in the coming years. The market is poised to balloon to "$289.51 billion by 2029 with a 7.2% compound annual growth rate (CAGR). This anticipated surge during the forecast period is linked to the evolution of e-commerce logistics, adoption of environmentally friendly approaches, shifts in global manufacturing, increased need for last-mile deliveries, and the incorporation of smart logistics. Key trends for the forecast period consist of emphasis on uniquely designed ergonomic solutions for operator comfort and safety, customized and modular solutions for material handling systems, use of artificial intelligence for effective decision-making, development of self-operating material handling equipment, and focus on safety technologies like collision prevention.

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What Are the Key Growth Drivers Fueling the Material Handling Equipment Market Expansion?
Anticipations of a surge in e-commerce industries are set to bolster the evolution of the material handling equipment market. E-commerce, a digital business model designed to enable the exchange of goods and services online, is expanding due to shifts in consumer preferences, enhanced ease, and personalized experiences. Automated material handling aides companies in tasks like packaging, dealing with large volumes of materials, and overseeing the supply chain environment within their industrial premises. For example, in May 2024, the International Trade Administration (ITA), a US Government agency, indicated that worldwide e-commerce profits hit $3.6 trillion in 2023 and could exceed $5.5 trillion by 2027, growing at a compound annual growth rate (CAGR) of 14.4%. Consequently, this anticipated expansion in the e-commerce realm is expected to fuel growth in the market for material handling equipment.

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What Are the Key Trends Driving Material Handling Equipment Market Growth?
In the material handling equipment market, technological innovation is accelerating with the introduction of electric solutions. In May 2022, Germany-based Linde Material Handling unveiled heavy-duty electric forklift trucks with load capacities of 10-18 tonnes, built with dual drives, dual hydraulic lifts, and efficient battery systems.

How Is the Material Handling Equipment Market Segmented?
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 Companies Are Leading the Charge in Material Handling Equipment Market Innovation?
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

Which Regions Are Leading the Global Material Handling Equipment Market in Revenue?
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

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