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Material Handling Equipment - Global Strategic Business Report

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    Report

  • 1327 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 347936
The global market for Material Handling Equipment is estimated at US$138.3 Billion in 2023 and is projected to reach US$199.9 Billion by 2030, growing at a CAGR of 5.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the material handling equipment market is driven by several factors. The rapid expansion of the e-commerce industry is a primary driver, as online retailers require efficient and scalable logistics solutions to handle the increased volume of goods. Technological advancements, such as the development of more sophisticated and reliable automated systems, have made MHE more attractive to a wide range of industries. The growing focus on workplace safety and the need to comply with stringent regulatory standards have also spurred demand for advanced MHE that reduces the risk of accidents and injuries. Additionally, the push for greater efficiency and cost reduction in supply chain operations has led businesses to invest in modern material handling solutions that streamline processes and enhance productivity. Consumer behavior trends, such as the increasing demand for faster delivery times and real-time tracking of goods, are further fueling the adoption of advanced MHE. 

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Third-Party Logistics Application segment, which is expected to reach US$47.6 Billion by 2030 with a CAGR of a 5.7%. The eCommerce & General Merchandise Application segment is also set to grow at 6.1% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $34.7 Billion in 2023, and China, forecasted to grow at an impressive 7.2% CAGR to reach $36.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Material Handling Equipment Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Material Handling Equipment Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Material Handling Equipment Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as ATS Automation Tooling Systems, Inc., Action Construction Equipment Ltd. (ACE), Alvan Blanch Development Co., Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 463 Featured):

  • ATS Automation Tooling Systems, Inc.
  • Action Construction Equipment Ltd. (ACE)
  • Alvan Blanch Development Co., Ltd.
  • ABC Equipment Rental
  • Acco Material Handling Solutions
  • Accutek Packaging Equipment Companies, Inc.
  • Ace Industries, Inc.
  • AGVE AB
  • Air Process Systems & Conveyors Co., Inc.
  • Air Technical Industries, Inc.
  • Amerden Inc.
  • American Crane & Equipment Corporation
  • Anhui HeLi Co., Ltd.
  • Apollo Group
  • All-Lifts, Inc.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Material Handling Equipment: A Review
  • Classification of Material Handling Equipment
  • Conveyor Systems
  • Industrial Trucks and Forklifts
  • Hoists and Cranes
  • Automated Storage and Retrieval System (AS/RS)
  • Other Segments
  • Major Application Segments
  • Third-party Logistics
  • E-Commerce & General Merchandise
  • F&B Manufacturing & Retail
  • Consumer Durables
  • Other Applications
  • End-Use Markets: Brief Overview
  • Aerospace, Automobile and Shipping
  • Agriculture
  • Building and Construction
  • Electrical & Electronic Equipment
  • Industrial Machinery
  • Postal/Express Delivery
  • Warehousing
  • Industry Overview
  • Material Handling Equipment: An Integral Part of Supply Chain
  • Growth Drivers in Nutshell
  • Technology Trends to Watch-for in Material Handling Industry
  • Conveyor Systems and Forklifts: Key Segments
  • 3PL, E-Commerce and F&B Manufacturing & Retail: Three Major Application Markets Driving Growth
  • Impact of GDP Growth on MHE Market
  • Increasing Industrial & Infrastructural Activities
  • North America and Asia Command the Material Handling Equipment Market
  • Developing Countries to Set the Growth Pace
  • China Remains an Important Market
  • Demand for Automated MHE on Rise
  • Strong Focus on Worker Safety
  • Product innovations Hold Key to Success
  • Urbanization Ups the Need for Efficient Order Fulfilment Systems
  • Competitive Landscape
  • Vendors Adopt Acquisition Route to Offer Innovative Materials Handling Solutions
  • Recent Market Activity
  • Industry Witnesses a Change in Business Model
  • Companies Focus on New Strategies to Boost Innovations
  • Investment in Start-ups: Another Strategic Move
  • Lift Trucks Market: Leading Players
  • Conveyers Market
  • Cranes
  • Select Players in the Global Crane Market
  • Select Global Brands
  • Material Handling Equipment - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Global Material Handling Equipment Market Heading towards Substantial Gains
  • Recent Developments in Material Handling Automation
  • Trend towards Industry 4.0 Redefines Material Handling Equipment Market
  • The Internet of Things Gains Prominence
  • IIoT Applications in Material Handling Equipment
  • Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2020, 2022 and 2025
  • Cloud Computing: Powering e-commerce
  • Predictive Analytics: Simplify Decision Making
  • Big Data: Helps Identify the Best WM Practices
  • Mobility Devices Take Center Stage
  • Wearable Devices: Pilot Adoption Underway
  • 3D Printing to Transform the Supply Chain
  • Companies Improving Traceability and Enhancing Material Handling Efficiency
  • Integration of MHE with Warehouse Management Systems
  • Third Party Logistics (3PL): Expanding in Industrial Manufacturing, Retail and Wholesale Sectors
  • Technology Tools Seek Wider Role in 3PL Domain
  • Expanding Retail Industry Generates Significant Opportunities
  • e-Commerce Emerges as New Growth Driver
  • Uptrend in e-Commerce Impacts Automated Conveyor Systems
  • e-commerce Bringing Changes in Supply Chain Management
  • Food & Beverage Manufacturing & Retail: One of the Leading Application Markets
  • Growing Importance of Automation & Technology Drive MHE in F&B Industry
  • Material Handling Market Steps Up Focus on Sustainability
  • Aging Workforce Drives Demand for Automated and Ergonomic Systems
  • Focus Intensifies on Cost-Effective MH Solutions
  • Traditional Supply Chain Facing Stiff Competition from Omnichannel Commerce
  • Technological Advances to Propel the Industry
  • Driverless Vehicles and Drones: No Longer a Distant Reality
  • Productivity and Safety Gain Immense Attention
  • Voice Recognition Systems Find Way
  • Select Product and Application Trends
  • Demand Goes Strong for Smart Conveyor Equipment
  • Modular Designed Conveyor Systems Add Versatility
  • Factors Influencing Demand for Conveyors
  • Automated Lift Trucks Witness Increasing Adoption
  • Technologies Making Their Way into Lift Trucks
  • Pallet Trucks Grow in Sophistication
  • Demand for Automated Forklifts Picks up in Emerging Countries
  • Industry Demand Shifts towards Electric Trucks
  • Adoption of Electric Drives in Cranes and Hoists on Rise
  • Lithium Batteries Emerge as Hottest Trend
  • Advanced Material Handling Technologies Systems Improve Supply Chain Excellence
  • Automated Material Handling Equipment Make a Cut
  • Unit Load Systems Seek Bigger Role
  • Consumption Trends in Key End Use Industries
  • Factors Influencing Automated Material Handling Equipment Market
  • Strong Contribution from North American Automated MHE Market
  • Advanced Robotics Impacts Automated Material Handling Equipment
  • Automation Initiatives of Industrial Units Spur Demand for AGVs
  • Advancements Lead to Expanded Opportunities for AGVs
  • Growth Drivers and Application Trends in Select End-Use Industries
  • Increasing Automation in Manufacturing Industries
  • Transition of Material Handling in Automobile Industry
  • Expansion of E-Commerce & Retail Industries
  • Entry of Start-Ups with Warehouse Automation Solutions
  • Automated Systems Gain Traction in Consumer Electronics Production Units
  • Rising Adoption of Automated Systems to Boost Global Pharmaceutical Material Handling Equipment Market
  • Key Factors for Selecting a Material Handling System in Pharmaceuticals Manufacturing
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Material Handling Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Material Handling Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Material Handling Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Conveyor Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Conveyor Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Conveyor Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Forklifts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Forklifts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Forklifts by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Hoists & Cranes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Hoists & Cranes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Hoists & Cranes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Automated Storage & Retrieval Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Automated Storage & Retrieval Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Automated Storage & Retrieval Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Other Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Other Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Other Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Third-Party Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Third-Party Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Third-Party Logistics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for eCommerce & General Merchandise by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for eCommerce & General Merchandise by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for eCommerce & General Merchandise by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for F&B Manufacturing & Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 26: World Historic Review for F&B Manufacturing & Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 27: World 16-Year Perspective for F&B Manufacturing & Retail by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Consumer Durables by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 29: World Historic Review for Consumer Durables by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 30: World 16-Year Perspective for Consumer Durables by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 32: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 33: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 34: World Material Handling Equipment Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Overview
  • Market Driven by Logistical Evolution
  • Consumers Upgrade to Smarter, Compact MHE
  • Expanding E-Commerce Industry: Positive Prospects for Automated Systems
  • Autonomous Control & Robotics Find Favor in Material Handling Operations
  • Industry Witnesses Greater Adoption of AGVs
  • Focus Heightens on Sustainable Solutions
  • Demand on Rise for Electric Forklifts
  • Competitive Landscape
  • Market Analytics
CANADA
  • Market Overview
  • Market Analytics
JAPAN
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Market Overview
  • Market Analytics
CHINA
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Market Overview
  • China Remains at Forefront of Material Handling Equipment Market
  • Infrastructure Investments Nurture Growth in Domestic MHE Market
  • Chinese Forklift Manufacturers Aim for Overseas Markets
  • China: A Fast Emerging Market for Hoists
  • Market Analytics
EUROPE
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
  • European MHE Market Holds Promising Outlook
  • Increasing Investments in Automating Processes Benefits Automated MHE Market
  • Market Analytics
FRANCE
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Market Overview
ITALY
  • Brief Market Overview
  • Italian MHE Manufacturers: Global Leaders in Quality and Customization
  • Market Analytics
UNITED KINGDOM
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • The Cranes Market
  • Market Analytics
SPAINRUSSIA
REST OF EUROPE
  • Brief Market Overview
ASIA-PACIFIC
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Market Overview & Outlook
  • E-Commerce and Food & Beverage Remain Key Applications
  • Aftermarket Robotic Component Witness High Demand
  • Direct Sales Emerges as Main Sales Channel
  • Competitive Scenario
  • Market Analytics
AUSTRALIA
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Market Overview
  • Industrial Trucks and Lifts Dominate Market
  • Industrial Crane Market
  • Retail Outlets Offer Opportunities
  • New Technologies Find Favor
  • Eco-Friendly Equipment Takes Front Seat
  • Competitive Scenario: Highly Fragmented Market
  • Market Analytics
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICO
REST OF LATIN AMERICA
  • Columbia: Brief Overview
  • Market Analytics
MIDDLE EAST
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
  • Brief Market Overview
AFRICA
  • Material Handling Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ATS Automation Tooling Systems, Inc.
  • Action Construction Equipment Ltd. (ACE)
  • Alvan Blanch Development Co., Ltd.
  • ABC Equipment Rental
  • Acco Material Handling Solutions
  • Accutek Packaging Equipment Companies, Inc.
  • Ace Industries, Inc.
  • AGVE AB
  • Air Process Systems & Conveyors Co., Inc.
  • Air Technical Industries, Inc.
  • Amerden Inc.
  • American Crane & Equipment Corporation
  • Anhui HeLi Co., Ltd.
  • Apollo Group
  • All-Lifts, Inc.

Table Information