Material Handling Equipment Market size was valued at US$ 217.85 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 5.5% from 2023 to 2029, reaching nearly US$ 316.91 Bn.

Material Handling Equipment Market Overview

The report on Material Handling Equipment Market provides a comprehensive overview, encompassing market segmentation based on Segmentation and region. It estimates the market's value for the forecasted period, highlighting major opportunities, CAGR, and annual growth rate.

Material Handling Equipment Market Report Scope and Research Methodology

The research for this report incorporates a comprehensive market segmentation, covering type, application, form, and region of the Material Handling Equipment Market. It estimates the market in terms of USD value for the forecasted period, providing major opportunities, Compound Annual Growth Rate (CAGR), and annual growth rate. The report adopts a bottom-up approach to accurately estimate the Material Handling Equipment Market size. Data from both international and domestic markets are analysed, including landscape analysis, trade insights, and key regions of development, ensuring a thorough market analysis. Additionally, the report includes product development details, such as current technologies, new product launches, and research and development activities, all of which contribute to market growth. For a deeper understanding of market strategies, business segmentation, and the geographic region of major players, the report offers an in-depth analysis.

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Material Handling Equipment Market Regional Insights

North America dominated the largest market share in 2022 and is expected to significantly grow during the forecast period. Asia Pacific is a fast-growing region in a Material Handling Equipment market. Europe expected a sustainable growth during the forecast period.

Material Handling Equipment Market Segmentation:

by Product

Storage and Handling Equipment
Automated Storage and Retrieval System
Industrial Trucks
Bulk Material Handling Equipment
Others

Bulk material handling equipment, industrial trucks, automated storage and retrieval systems, storage and handling equipment, and others make up the market segments. By 2029, the Industrial Trucks category is anticipated to command the highest market share of %. These vehicles have several industrial applications, which makes them a popular choice. Huge crates or containers are transported by industrial vehicles in several end-use markets, which increases their market share. Battery-operated vehicles will become more in demand during the predicted period as logistic organizations work to introduce sustainable products.

by Operation

Assembly
Transportation
Packaging
Distribution
Others

by System Type

Unit Load Material Handling System
Bulk Load Material Handling System

by End-User

Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others

The automotive, food and beverage, chemical, semiconductor and electronics, e-commerce, aviation, pharmaceutical, and others segments make up the market. The e-commerce market is anticipated to expand quickly between 2023 and 2029, with a compound annual growth rate of %. The market was supported by a sharp rise in demand for the distribution and transportation of basic goods like food notwithstanding the lockdown limitations. The impact of the coronavirus won't be immediate; instead, it will have a long-term influence on industry demand, creating opportunities for material handling equipment suppliers.

Material Handling Equipment Market Key Players:

1. Daifuku
2. Kion Group AG
3. SSI Schaefer
4. Toyota Industries
5. Honeywell International
6. Hyster-Yale Material Handling
7. Hanwha
8. John Bean Technologies
9. Beumer
10.Murata Machinery
11.TGW Logistics
12.Mobile Industrial Robots
13.Invia Robotics
14.Avancon
15.Locus Robotics
16.Addverb Technologies
17.Meiden America
18.Automation Logistic
19.Invata Intralogistics
20.Westfalia Technologies

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Key questions answered in Material Handling Equipment Market are:

Who are the key players in the Material Handling Equipment market?
What is the demand pattern for the Material Handling Equipment market?
What is the expected Material Handling Equipment Market size by the end of the forecast period?
What are the global trends in the Material Handling Equipment Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for Material Handling Equipment Market?
How is the intervention from regulatory authority is shaping the Material Handling Equipment Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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