Material Handling Equipment Market, By Product (Cranes & Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking & Storage Equipment, Others), By Application (Automotive, Food & Beverages, Chemical, Semiconductor & Electronics, E-comm

Material Handling Equipment Market, By Product (Cranes & Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking & Storage Equipment, Others), By Application (Automotive, Food & Beverages, Chemical, Semiconductor & Electronics, E-commerce, Aviation, Pharmaceutical, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Material handling equipment refers to equipment used for the mechanical handling of materials in different industries. It includes conveyors, cranes, elevators, hoists, and other automated systems that are used for transport, packing and packaging of goods across various sectors. Growth in e-commerce and warehousing has boosted demand for material handling equipment in recent years. Technological advancements have enabled the development of automated guided vehicles and robotics for material movement, while demand for ergonomic equipment has been rising to improve workplace safety. As industries aim to enhance operational efficiencies through automation and optimized workflows, material handling equipment market can witness lucrative growth opportunities in the near future.

Market Dynamics

Material handling equipment market growth is driven by factors such as increasing industrialization and automation, growth of e-commerce sector, and emphasis on workplace safety. Automation reduces labor costs and improves productivity for manufacturers, while changing consumer purchasing preferences boosts demand for warehouse automation. However, high initial investment costs for equipment and maintenance can hamper the market growth. Technological evolution presents key opportunities, with AI, IoT and data analytics enabling predictive maintenance and advanced inventory management. Material handling robotics allow flexible configurations to optimize complex warehousing operations. Meanwhile, growing fulfillment centers and expansion of the 3PL logistics industry boosts demand for this equipment. Integration of green technologies for energy-efficient and zero-emission equipment can offer new growth opportunities.

Key features of the study

• This report provides in-depth analysis of the global material handling equipment market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global material handling equipment market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include BEUMER GROUP, Daifuku Co., Ltd., Honeywell International, Inc., KION GROUP AG, Mecalux, S.A., Murata Manufacturing Co., Ltd., SSI SCHAEFER, Swisslog Holding AG, TOYOTA INDUSTRIES CORPORATION, Vanderlande Industries B.V.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global material handling equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global material handling equipment market

Market Segmentation

• Product Insights (Revenue, USD Bn, 2019 - 2031)
• Cranes & Lifting Equipment
• Industrial Trucks
• Continuous Handling Equipment
• Racking & Storage Equipment
• Others
• Application Insights (Revenue, USD Bn, 2019 - 2031)
• Automotive
• Food & Beverages
• Chemical
• Semiconductor & Electronics
• E-commerce
• Aviation
• Pharmaceutical
• Others
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• GCC Countries
• Israel
• Rest of Middle East
• Africa
• South Africa
• North Africa
• Central Africa
• Key Players Insights
• BEUMER GROUP
• Daifuku Co., Ltd.
• Honeywell International, Inc.
• KION GROUP AG
• Mecalux, S.A.
• Murata Manufacturing Co., Ltd.
• SSI SCHAEFER
• Swisslog Holding AG
• TOYOTA INDUSTRIES CORPORATION
• Vanderlande Industries B.V.