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In-Depth Examination of Segments, Industry Developments, and Key Players in the Material Handling Market
Material Handling Market
Strong Growth Outlook for the Material Handling Market by 2030
The material handling market is projected to experience robust growth, reaching a valuation of $72.9 billion by 2030. This corresponds to a compound annual growth rate (CAGR) of 8.9% over the forecast period. The expansion is driven largely by increased investments in warehouse automation, the rise of smart factory technologies, and the growth of omni-channel distribution networks. Additional factors such as addressing labor shortages and the rising demand for energy-efficient handling systems are also contributing to the market's upward trajectory. Key trends expected to dominate include the expansion of warehouse automation, wider adoption of automated guided vehicles (AGVs) and automated storage and retrieval systems (ASRS), growth in high-throughput logistics solutions, smart conveying technologies, and a stronger emphasis on workplace safety and ergonomic design.
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Prominent Companies Steering the Material Handling Market
Several leading organizations play a pivotal role in the material handling sector, including Mitsubishi Logisnext Co. Ltd., Komatsu Ltd., Toyota Industries Corporation, Liebherr Group, Doosan Corporation, Kion Group AG, Jungheinrich AG, Crown Equipment Corporation, Daifuku Co. Ltd., Cascade Corporation, Hyster-Yale-Materials Handling, Dematic Group, Manitou Group, Hangcha Group Co. Ltd., SSI Schaefer Systems International, Hoist Liftruck Mfg. Inc., Anhui Heli Co. Ltd., Clark Material Handling Company, Columbus McKinnon Corporation, Raymond Corporation, Bastian Solutions LLC, Eisenmann AG, Godrej & Boyce Manufacturing Co. Ltd., Hytrol Conveyor Co., Combilift Ltd., Viastore Systems, Schaefer Systems International Pvt. Ltd., EMH Inc., Beumer Group, KUKA AG, AGV International, TGW Logistics Group, and Interroll Group.
Strategic Acquisition Expanding Capabilities in Packaging and Material Handling
In May 2025, Duravant LLC, a US-based firm specializing in industrial equipment and automation for packaging, acquired Pattyn Group BV, a Belgium-based company known for innovative packaging automation for industrial and bulk goods. The terms of the deal were undisclosed. This acquisition aims to strengthen Duravant's end-of-line automation portfolio by integrating Pattyn's advanced bag-in-box and palletizing technologies, which improve efficiency and scalability in packaging operations.
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Emerging Trends Enhancing Innovation and Operator Comfort
Companies in the material handling market are focusing on launching innovative solutions that provide enhanced efficiency, versatility, and superior performance while prioritizing operator ergonomics. For instance, in May 2023, Toyota Material Handling (TMH) introduced three new electric forklift models-the Side-Entry End Rider, Center Rider Stacker, and Industrial Tow Tractor. These models deliver next-generation adaptability and efficiency. The Side-Entry End Rider, available in 6,000- and 8,000-pound capacities, is designed for streamlined order picking and warehouse movement, featuring an automatic parking brake and standard power steering to boost uptime and reduce energy consumption. The Center Rider Stacker's innovative three-in-one design combines the capabilities of a center rider, order picker, and counterbalanced forklift, maximizing operational flexibility. Meanwhile, the Industrial Tow Tractor offers a powerful 15,000-pound towing capacity on flat surfaces and includes electric power steering for enhanced driver comfort and control.
Segments Driving Market Dominance in Material Handling
The material handling market is categorized into several major segments:
1) By Type: Automated Guided Vehicles (AGVs), Automated Storage and Retrieval Systems (AS/RS), Trucks and Lifts, Cranes, Pallet Racking, Conveying Systems, Hoists, and Other Types
2) By Operation: Assembly, Distribution, Transportation, and Other Operations
3) By End User: Food & Beverages, Automotive, Construction, Consumer Goods & Electronics, Pharmaceuticals, E-Commerce, and Other End Users
Further breakdown of subsegments includes:
- AGVs: Tow Vehicles, Unit Load Carriers, Forklift AGVs
- AS/RS: Unit Load AS/RS, Mini Load AS/RS, Micro Load AS/RS
- Trucks and Lifts: Forklifts, Pallet Jacks, Order Pickers
- Cranes: Overhead Cranes, Gantry Cranes, Jib Cranes
- Pallet Racking: Selective Pallet Racking, Drive-In/Drive-Through Racking, Push Back Racking
- Conveying Systems: Belt Conveyors, Roller Conveyors, Chain Conveyors
- Hoists: Electric Hoists, Manual Hoists, Pneumatic Hoists
- Other Types: Packaging Equipment, Scissor Lifts, Dock Equipment
These segments showcase the diversity and specialization present within the material handling market, catering to various operational needs and industries worldwide.
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