Material Handling Equipment Market Size, Share, and Growth Analysis, By Equipment Type (Transport Equipment, Roller), By Application (Automotive, Food & Beverages), By Region - Industry Forecast 2025-2032
Hyundai Construction Equipment Co., Ltd.(South Korea)
Manitou Group(France)
Terex Corporation(United States)
Doosan Infracore Co., Ltd.(South Korea)
Zoomlion Heavy Industry Science and Technology Co., Ltd.(China)
Mitsubishi Logisnext Co., Ltd.(Japan)
Cargotec Corporation(Finland)
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Material Handling Equipment Market size was valued at USD 238.36 billion in 2023 and is poised to grow from USD 251.95 billion in 2024 to USD 392.56 billion by 2032, growing at a CAGR of 5.7% during the forecast period (2025-2032).
Market growth is being fueled by rapid industrialization and a rising demand for automation in material handling equipment, particularly in the post-COVID-19 landscape. Although the pandemic initially disrupted the warehousing sector with strained product movement and declining sales due to labor shortages, the recovery has sparked renewed investment in industrial machinery, indicating a strengthening U.S. economy. As companies focus on worker safety, efficient bulk material management, and integration of Industry 4.0 technologies, demand for advanced equipment is expected to surge. The e-commerce segment, in particular, is set for significant growth, driven by the expansion of online shopping and improved logistics infrastructure. This trend encourages warehouse operators to adopt sophisticated material handling solutions to optimize supply chain management.
Top-down and bottom-up approaches were used to estimate and validate the size of the Material Handling Equipment market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Material Handling Equipment Market Segments Analysis
Global Material Handling Equipment Market is segmented by Equipment Type, Application and region. Based on Equipment Type, the market is segmented into Transport Equipment, Roller, Chain, Wheel, Others, Jib Cranes, Hand Trucks, Conveyors, Handling Equipment, Racking & Storage Equipment and Others. Based on Application, the market is segmented into Automotive, Food & Beverages, Chemical, Semiconductor & Electronics, E-commerce, Aviation, Pharmaceutical and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Material Handling Equipment Market
The Material Handling Equipment market is experiencing a significant upswing, driven by an increase in sales of both durable and nondurable goods. This heightened demand is influenced by several factors, including changing industrial requirements, rising consumer expenditure, and overall financial growth. As industries respond to the growing need for improved logistics and supply chain efficiency, the demand for material handling equipment has strengthened accordingly. This trend is particularly prominent in North America, where the e-commerce sector's expansion has resulted in a substantial rise in goods movement, necessitating innovative material handling solutions to streamline operations and satisfy consumer demands. Ultimately, this surge in sales highlights the vital importance of material handling equipment in ensuring smooth and efficient operations across diverse industries.
Restraints in the Material Handling Equipment Market
The Material Handling Equipment market is experiencing growth due to the booming e-commerce sector and the rising demand for both durable and non-durable goods. However, this expansion is accompanied by significant integration challenges within the industry. The evolving landscape of material handling equipment requires sophisticated and seamless solutions to tackle the complexities brought about by automation, robotics, and advanced technologies. As companies strive to optimize their operations, the successful integration of these intricate systems is crucial for enhancing efficiency, productivity, and sustaining a competitive advantage in an ever-changing market environment. This need for effective integration is a notable constraint for the industry.
Market Trends of the Material Handling Equipment Market
The Material Handling Equipment market is increasingly trending towards enhanced ergonomics and safety features, driven by manufacturers' commitment to operator comfort and efficiency. The integration of ergonomic principles is becoming a cornerstone in equipment design, focusing on reducing operator fatigue and enhancing productivity. Concurrently, the adoption of advanced safety technologies underscores the industry's dedication to creating safer workplace environments, aligning with stringent regulatory standards. This dual focus on biotechnology and safety not only mitigates accident risks but also fosters a culture of well-being among operators, ultimately supporting sustainable growth in the sector as companies prioritize reliable and efficient material handling solutions.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Technological Advancement
Case Studies
Global Material Handling Equipment Market Size by Equipment Type & CAGR (2025-2032)
Market Overview
Transport Equipment
Roller
Chain
Wheel
Others
Vertical
Screw Conveyor
Inclined Belt
Jib Cranes
Bridge Cranes
Gantry Cranes
Others
Hammerhead
Telescopic
Crawler
Hand Trucks
Pallet Trucks
Lift Truck
Others
Pallet Jacks
Side Loaders
Walking Stackers
Conveyors
Cranes
Industrial Trucks
Automated Guided Vehicles AGVs
Others
Hoppers
Reclaimers
Handling Equipment
Dock Leveler
Hoist
Others
Rotary Index Table
Lift/Tilt/Turn Table
Parts Feeder
Balancer
Racking & Storage Equipment
Automatic Storage/Retrieval System
Selective Pallet Rack
Others
Sliding Racks
Stacking Frames
Push-back Racks
Others
Unit Load Formation Equipment
Identification
Control Equipment
Global Material Handling Equipment Market Size by Application & CAGR (2025-2032)
Market Overview
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others
Global Material Handling Equipment Market Size & CAGR (2025-2032)
North America (Equipment Type, Application)
US
Canada
Europe (Equipment Type, Application)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Equipment Type, Application)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Equipment Type, Application)
Brazil
Rest of Latin America
Middle East & Africa (Equipment Type, Application)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2024
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2024
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
Caterpillar Inc. (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Komatsu Ltd. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
XCMG Group (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Deere & Company (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Sany Heavy Industry Co., Ltd. (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Volvo Construction Equipment (Sweden)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Liebherr Group (Switzerland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hitachi Construction Machinery Co., Ltd. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Sandvik AB (Sweden)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
JCB (United Kingdom)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
KION Group AG (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Konecranes Oyj (Finland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Anhui Heli Co., Ltd. (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hyundai Construction Equipment Co., Ltd. (South Korea)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Manitou Group (France)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Terex Corporation (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Doosan Infracore Co., Ltd. (South Korea)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Zoomlion Heavy Industry Science and Technology Co., Ltd. (China)