Surging E-Commerce Industry Driving Growth In Material Handling Equipment Market: Strategic Insights Driving Material Handling Equipment Market Momentum in 2025

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How Large Will the Material Handling Equipment Market Size By 2025?
In recent times, the market size of material handling equipment has witnessed robust growth. The market, which would value $205.25 billion in 2024, is projected to rise to $215.97 billion in 2025, registering a compound annual growth rate (CAGR) of 5.2%. Factors like the proliferation of e-commerce, growth in the manufacturing sector, optimization of the global supply chain, warehouse automation, and an uptick in activities at ports and terminals have contributed to the expansion observed in the historical period.

How Big Is the Material Handling Equipment Market Size Expected to Grow by 2029?
The market for material handling equipment is projected to experience robust expansion in the coming years, reaching a value of $279.72 billion in 2029 with a compound annual growth rate (CAGR) of 6.7%. The projected growth during the forecasted period is driven by several factors including the advancement of e-commerce logistics, adoption of eco-friendly and sustainable approaches, shifts in global manufacturing practices, increased demand for last-mile deliveries, and the integration of intelligent logistics. Key trends for the forecast period encompass a focus on ergonomic designs enhancing operator comfort and safety, the provision of customized and modular solutions in material handling systems, the integration of artificial intelligence for efficient decision-making, the development of autonomous material handling equipment, and an increased emphasis on safety technologies such as collision prevention.

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Which Key Market Drivers Powering Material Handling Equipment Market Expansion and Growth?
Growth in the e-commerce sectors is anticipated to drive the material handling equipment market's advancement. E-commerce, an internet-based business model allowing the purchase and sale of goods and services, is experiencing a steep rise due to changes in customer preferences, increased convenience, and personalized experiences. The use of automated material handling equipment greatly benefits businesses with packaging, handling of bulk materials, and supply chain management in their industrial settings. As an example, the US government's International Trade Administration (ITA) stated in May 2024 that global e-commerce earnings hit $3.6 trillion in 2023 and are predicted to exceed $5.5 trillion by 2027, a compound annual growth rate (CAGR) of 14.4%. Therefore, such growth in e-commerce is expected to stimulate expansion in the material handling equipment market.

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What Are the Key Trends Driving Material Handling Equipment Market Growth?
Technological advancements are becoming a significant trend in the material handling equipment market. Leading companies are focusing on developing innovative equipment technologies, like electric material handling equipment, to solidify their position within the market. For example, in May 2022, Linde Material Handling, a German-based company that manufactures forklift trucks and warehouse equipment, unveiled their new line of electric heavy-duty forklift trucks. These trucks, which have load capacities ranging from 10 to 18 tones, are an inventive and compact addition to their eight-ton range series. They feature a double drive, dual lifting hydraulics, a pair of batteries, and measured pumps.

What Are the Emerging Segments in the Material Handling Equipment Market?
The material handling equipmentmarket 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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Who Are the Global Leaders in the Material Handling Equipment Market?
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 are the Top Profitable Regional Markets for the Material Handling Equipment Industry?
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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