North America Material Handling Market - Forecasts from 2024 to 2029

North America Material Handling Market - Forecasts from 2024 to 2029

The North American material handling market is expected to grow at a CAGR of 5.16%, reaching a market size of US$33.061 billion in 2029 from US$25.706 billion in 2024.

The tools and mechanical systems used for retrieving, transporting, and delivering materials, among others, are generally categorized as material handling equipment. This equipment is primarily used in manufacturing and warehousing facilities. The activities in which these sets of equipment are used encompass assembly, storage, packaging, and transportation, among others. The necessity of these sets of equipment in the aforesaid facilities arises from the fact that these types of machinery bring about a cost-effective and accurate means of transporting goods. Further, there is a substantial enhancement in production activity due to the swift movement of goods. Thus, the entire supply chain process is improved, resulting in an expeditious system wherein all the moving parts run with the highest degree of efficiency.

North America Material Handling Market Drivers:

Increasing focus on improving the domestic manufacturing industry in the government of the United States.

Making provisions for workplace environment safety is now one of the top priorities of manufacturing facilities, and it is featured alongside profit-making endeavors. Coupled with increasing industrial activities, North America's demand for the material handling market will witness healthy growth during the forecast period. Moreover, due to an increase in business activities and the requirement for communication, there has been a growing need to develop infrastructures that have mobilized government and private funds to facilitate such development. Realizing that there exists an opportunity, market players worldwide are pouring their resources into gaining entry into the North American market or expanding their sphere of existing operation within the same country.

North America Material Handling Market Geographical Outlook

The United States is expected to grow rapidly during the forecast period.

The United States' economy is the most advanced globally. The nation’s manufacturing industry is heavily reliant on the country’s economy, leading to high rates of production that, in turn, create high demand for AMH within the region. The automotive market is among the largest globally, thus attracting various car makers alongside other suppliers.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Key Market Segmentation:

The North American Material Handling Market is segmented and analyzed as below:

By Equipment Type

Storage & handling equipment
Mezzanines
Racks
Shelves, Bins & Drawers
Stacking Frames
Storage & handling equipment
Industrial trucks
Automated Guided Vehicles (AGVs)
Hand, platform & pallet trucks
Order pickers
Pallet jacks
Side loaders
Walkie stackers
Bulk material handling equipment
Conveyor belts
Elevators
Reclaimers
Stackers
Others
Robotics
Automated Storage & Retrieval System (AS/RS)
Unit-Load AS/RS
Mini-Load AS/RS

By Application

Assembly
Storage
Packaging
Transportation
Others

By End-User

Automotive
Electronics
Chemical
Pharmaceutical
Aviation
Others

By Geography

USA
Canada
Mexico