Material Handling Equipment Market: By Equipment Type, Robotics, Storage, Retrieval Systems & Packaging Equipment), By End-Use Industry, By Technology, By Application, and Geography
Material Handling Equipment Market size was valued at US$ 218.9 billion in 2023 and is poised to grow at a significant CAGR of 5.8% from 2024-2030. Material handling equipment refers to a broad category of machinery and tools used for the movement, storage, control, and protection of materials and products throughout various industrial processes. It includes equipment such as forklifts, conveyors, cranes, pallet jacks, and automated systems designed to improve efficiency and productivity in handling materials. The market for material handling equipment is anticipated to experience growth driven by rapid industrialization and the rising demand for automation.
However, the COVID-19 pandemic initially had a detrimental impact on the warehousing industry, leading to a significant slowdown in product movement, particularly for non-essential items. The market faced challenges such as labor shortages and a sharp decline in demand during the pandemic's initial phase. Despite these setbacks, the market is expected to rebound as industries recover and the need for efficient material handling solutions persists. Private investment in industrial equipment and machinery indicates a strong U.S. economy, stimulating activity in key downstream markets like manufacturing and wholesaling. This, in turn, is expected to drive demand for industry products such as material handling equipment. The market is anticipated to grow faster due to increased emphasis on worker safety, effective management of bulk materials, and the adoption of Industry 4.0 technologies, including the Internet of Things. Rising needs to reduce downtime and improve supply chain efficiency further contribute to the market's growth prospects.
Study Period
2024-2030Base Year
2023CAGR
5.8%Largest Market
Asia PacificFastest Growing Market
North America
Increased demand for warehouse automation is expected to drive the global material handling equipment market. With the growth of e-commerce and the need for efficient order fulfillment, warehouses are adopting automated systems to streamline their operations. Automated material handling equipment such as conveyors, robotic systems, and automated guided vehicles (AGVs) offer benefits like increased productivity, reduced labor costs, and improved accuracy in picking and sorting tasks. These solutions help warehouses handle a larger volume of goods and enhance operational efficiency. The demand for material handling equipment is expected to rise as companies seek to optimize their warehouse operations and meet the growing demands of online shopping, thereby driving the growth.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 218.9 billion |
Market CAGR |
5.8% |
By Equipment Type |
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By Technology |
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By Application |
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By End User |
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By Region |
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The global material handling equipment market size was valued at US$ 218.9 billion in 2023 and is projected to grow at a CAGR of 5.8% from 2024-2030.
Some of the key players operating in the material handling equipment market 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.
Key factors that are driving the material handling equipment market growth include rapid industrialization and increased demand for automation in material handling equipment which will drive market growth over the forecast period.
1.Executive Summary |
2.Global Material Handling Equipment Market Introduction |
2.1.Global Material Handling Equipment Market - Taxonomy |
2.2.Global Material Handling Equipment Market - Definitions |
2.2.1.Equipment Type |
2.2.2. Technology |
2.2.3.Application |
2.2.4.By End User |
2.2.5.Region |
3.Global Material Handling Equipment Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Material Handling Equipment Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Material Handling Equipment Market By Equipment Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Forklifts |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Conveyors |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Cranes |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Hoists |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Automated Guided Vehicles (Agvs) |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Robotics |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Storage and Retrieval Systems |
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
5.8. Packaging Equipment |
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.8.3. Market Opportunity Analysis |
6.Global Material Handling Equipment Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Manual Equipment |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Semi-Automated Systems |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Fully Automated Systems |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7.Global Material Handling Equipment Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Bulk Material Handling |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Unit Load Handling |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Storage and Retrieval |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Order Picking |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Sorting |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.Global Material Handling Equipment Market By By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Warehousing |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Logistics |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Construction |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Retail |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Automotive |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Healthcare |
8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.6.3. Market Opportunity Analysis |
8.7. Food And Beverage |
8.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.7.3. Market Opportunity Analysis |
9.Global Material Handling Equipment Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Material Handling Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Equipment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Forklifts |
10.1.2.Conveyors |
10.1.3.Cranes |
10.1.4.Hoists |
10.1.5.Automated Guided Vehicles (Agvs) |
10.1.6.Robotics |
10.1.7.Storage and Retrieval Systems |
10.1.8.Packaging Equipment |
10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Manual Equipment |
10.2.2.Semi-Automated Systems |
10.2.3.Fully Automated Systems |
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Bulk Material Handling |
10.3.2.Unit Load Handling |
10.3.3.Storage and Retrieval |
10.3.4.Order Picking |
10.3.5.Sorting |
10.4. By End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Warehousing |
10.4.2.Logistics |
10.4.3.Construction |
10.4.4.Retail |
10.4.5.Automotive |
10.4.6.Healthcare |
10.4.7.Food And Beverage |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Material Handling Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Equipment Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Forklifts |
11.1.2.Conveyors |
11.1.3.Cranes |
11.1.4.Hoists |
11.1.5.Automated Guided Vehicles (Agvs) |
11.1.6.Robotics |
11.1.7.Storage and Retrieval Systems |
11.1.8.Packaging Equipment |
11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Manual Equipment |
11.2.2.Semi-Automated Systems |
11.2.3.Fully Automated Systems |
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Bulk Material Handling |
11.3.2.Unit Load Handling |
11.3.3.Storage and Retrieval |
11.3.4.Order Picking |
11.3.5.Sorting |
11.4. By End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Warehousing |
11.4.2.Logistics |
11.4.3.Construction |
11.4.4.Retail |
11.4.5.Automotive |
11.4.6.Healthcare |
11.4.7.Food And Beverage |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
12.Asia Pacific (APAC) Material Handling Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Equipment Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Forklifts |
12.1.2.Conveyors |
12.1.3.Cranes |
12.1.4.Hoists |
12.1.5.Automated Guided Vehicles (Agvs) |
12.1.6.Robotics |
12.1.7.Storage and Retrieval Systems |
12.1.8.Packaging Equipment |
12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Manual Equipment |
12.2.2.Semi-Automated Systems |
12.2.3.Fully Automated Systems |
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Bulk Material Handling |
12.3.2.Unit Load Handling |
12.3.3.Storage and Retrieval |
12.3.4.Order Picking |
12.3.5.Sorting |
12.4. By End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Warehousing |
12.4.2.Logistics |
12.4.3.Construction |
12.4.4.Retail |
12.4.5.Automotive |
12.4.6.Healthcare |
12.4.7.Food And Beverage |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Material Handling Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Equipment Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Forklifts |
13.1.2.Conveyors |
13.1.3.Cranes |
13.1.4.Hoists |
13.1.5.Automated Guided Vehicles (Agvs) |
13.1.6.Robotics |
13.1.7.Storage and Retrieval Systems |
13.1.8.Packaging Equipment |
13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Manual Equipment |
13.2.2.Semi-Automated Systems |
13.2.3.Fully Automated Systems |
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Bulk Material Handling |
13.3.2.Unit Load Handling |
13.3.3.Storage and Retrieval |
13.3.4.Order Picking |
13.3.5.Sorting |
13.4. By End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Warehousing |
13.4.2.Logistics |
13.4.3.Construction |
13.4.4.Retail |
13.4.5.Automotive |
13.4.6.Healthcare |
13.4.7.Food And Beverage |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Material Handling Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Equipment Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Forklifts |
14.1.2.Conveyors |
14.1.3.Cranes |
14.1.4.Hoists |
14.1.5.Automated Guided Vehicles (Agvs) |
14.1.6.Robotics |
14.1.7.Storage and Retrieval Systems |
14.1.8.Packaging Equipment |
14.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Manual Equipment |
14.2.2.Semi-Automated Systems |
14.2.3.Fully Automated Systems |
14.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Bulk Material Handling |
14.3.2.Unit Load Handling |
14.3.3.Storage and Retrieval |
14.3.4.Order Picking |
14.3.5.Sorting |
14.4. By End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Warehousing |
14.4.2.Logistics |
14.4.3.Construction |
14.4.4.Retail |
14.4.5.Automotive |
14.4.6.Healthcare |
14.4.7.Food And Beverage |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Beumer Group |
15.2.2.Daifuku Co., Ltd. |
15.2.3.Honeywell International, Inc. |
15.2.4.Kion Group Ag |
15.2.5.Mecalux, S.A. |
15.2.6.Murata Manufacturing Co., Ltd. |
15.2.7.Swisslog Holding Ag |
15.2.8.Toyota Industries Corporation |
15.2.9.Vanderlande Industries B.V. |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players