Material Handling Equipment

Global Material Handling Equipment Market to Reach US$225.4 Billion by 2030

The global market for Material Handling Equipment estimated at US$162.9 Billion in the year 2024, is expected to reach US$225.4 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2024-2030. Conveyor Systems, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$93.4 Billion by the end of the analysis period. Growth in the Forklifts segment is estimated at 5.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$38.8 Billion While China is Forecast to Grow at 7.3% CAGR

The Material Handling Equipment market in the U.S. is estimated at US$38.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$42.3 Billion by the year 2030 trailing a CAGR of 7.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Global Material Handling Equipment Market - Key Trends and Drivers Summarized

What Are the Key Types of Material Handling Equipment and Their Functions?

Material handling equipment plays an indispensable role in optimizing the movement, storage, and control of materials within various industries. Among the most significant categories, conveyor systems are widely used for transporting goods seamlessly across warehouses and manufacturing floors. These systems are crucial for automating repetitive tasks, reducing manual labor, and ensuring consistency in handling goods. Forklifts are another vital segment, offering versatility across multiple industries. They are designed to lift and transport heavy loads efficiently, ranging from small warehouses to expansive shipping yards. Electric and diesel forklifts cater to distinct needs, with electric models gaining traction for their eco-friendliness and lower maintenance costs. Hoists and cranes, on the other hand, are indispensable for heavy-duty operations, particularly in construction, mining, and manufacturing. They provide the lifting power required for large, cumbersome objects that cannot be handled by conventional equipment. Advanced hoist systems equipped with safety features and ergonomic designs are becoming a standard choice in industrial operations. Additionally, automated storage and retrieval systems (AS/RS) have revolutionized warehousing by integrating robotics and software to store and retrieve goods efficiently. These systems significantly reduce space requirements and improve inventory accuracy. Other types of equipment, including automated guided vehicles (AGVs) and pallet jacks, also play a vital role in addressing specific handling challenges.

Where Are Material Handling Systems Most Widely Applied?

Material handling equipment finds applications across a broad spectrum of industries, with third-party logistics (3PL) providers being one of the largest adopters. 3PL operators rely heavily on efficient equipment to streamline supply chain processes, particularly in managing high-volume storage and distribution tasks. The e-commerce and general merchandise sectors are similarly significant, driven by the rise in online shopping and rapid order fulfillment demands. With the exponential growth of e-commerce platforms, companies are investing in high-speed conveyor systems, automated retrieval units, and robotic handling equipment to meet the challenges of scalability and consumer expectations. In the food and beverage (F&B) manufacturing and retail sectors, hygiene, precision, and speed are critical. Specialized equipment is used to handle perishables while adhering to stringent safety regulations. Similarly, consumer durables, including electronics and appliances, demand reliable material handling solutions to safeguard fragile goods during production and transportation. Beyond these core applications, material handling equipment is widely utilized in construction, automotive, and chemical industries, reflecting its versatility across varied operational needs.

What Trends Are Shaping Material Handling Equipment in Recent Years?

Advancements in automation and digital technologies are reshaping the material handling landscape, introducing smarter, more efficient systems. The integration of IoT and artificial intelligence (AI) into handling equipment is enabling real-time monitoring, predictive maintenance, and enhanced safety mechanisms. For instance, forklifts are now equipped with telematics to provide data-driven insights on performance and reduce operational downtimes. Similarly, robotic automation, including AS/RS and AGVs, is allowing warehouses to operate with minimal human intervention while achieving unprecedented levels of accuracy and speed. Another critical trend is the shift towards sustainable solutions. With increasing environmental concerns, businesses are opting for eco-friendly material handling equipment such as electric forklifts and battery-operated conveyor systems. These solutions not only reduce carbon footprints but also ensure compliance with global emission standards. Furthermore, the emergence of modular and scalable equipment has gained traction, catering to the dynamic demands of industries that require flexible handling systems for ever-changing operational requirements.

What Factors Are Driving the Growth in the Material Handling Equipment Market?

The growth in the material handling equipment market is driven by several factors that are reshaping industries and enabling businesses to meet evolving demands. Technological innovation, particularly in automation and digitalization, is at the forefront of this transformation. The adoption of AI-powered robotics, IoT-enabled tracking systems, and advanced inventory management software is enabling industries to optimize operations while reducing costs and errors. Additionally, the rise of e-commerce has created a pressing need for rapid, scalable, and accurate handling solutions, making automated equipment indispensable for fulfillment centers. In terms of applications, the expansion of logistics and warehousing facilities is a significant driver. Industries are investing heavily in advanced handling systems to cope with rising global trade and consumer demands for faster delivery. Furthermore, government investments in infrastructure projects, particularly in emerging economies, are boosting the adoption of heavy-duty cranes, hoists, and automated equipment in construction and manufacturing.

Sustainability has also emerged as a key growth factor, with businesses seeking greener alternatives to traditional equipment. The increasing adoption of electric forklifts, recyclable material systems, and energy-efficient technologies is in line with global sustainability goals. Lastly, the growing focus on workforce safety and operational efficiency has prompted industries to adopt equipment with advanced safety features and ergonomic designs, ensuring a safer and more productive environment. Together, these factors are driving the material handling equipment market toward a future defined by innovation, sustainability, and unparalleled efficiency.

SCOPE OF STUDY:

The report analyzes the Material Handling Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Segment (Conveyor Systems, Forklifts, Hoists & Cranes, Automated Storage & Retrieval Systems, Other Segments); Application (Third-Party Logistics Application, eCommerce & General Merchandise Application, F&B Manufacturing & Retail Application, Consumer Durables Application, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 409 Featured) -

• ABB Ltd.
• ABP Maschinenbau GmbH
• Abresch Constructie- & Machinebouw
• Acco Material Handling Solutions
• Accutek Packaging Equipment Companies, Inc.
• Ace Industries, Inc.
• Acecn Machinery International Co., Ltd.
• Acero Solutions
• ACI Elevation
• Action Construction Equipment Ltd. (ACE)

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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