Material Handling Equipment Market Forecast Trends - Market Size, Share, Growth Analysis Report (2025-2034)

The global material handling equipment market attained a value of nearly USD 40.28 Billion in 2024. The market is further expected to grow at a CAGR of 7.20% during the forecast period of 2025-2034 to reach a value of USD 80.73 Billion by 2034.

In the manufacturing sector, material handling is a vital intermediary. As it does not contribute directly to the manufacture of products, it results in the effectiveness in the handling, management, storage, and transport of products. This equipment complements the manufacturing activity by ensuring that products circulate quickly, smoothly, and efficiently. An increase in industrial and infrastructural operations is expected to bode well for material handling equipment market growth in order to meet the demand from the ever-growing population, thus, aiding in the growth of the global material handling equipment industry.

Market Segmentation

Material handling equipment (MHE) is a mechanical equipment, which is used throughout the production process in warehouses for managing movement, storage, transportation, and control and protection of goods and materials. The equipment allows for cost-effective and efficient method for the easy transition of goods across the manufacturing plants. The global material handling equipment market can be divided based on segments like product, system type, industry, and function.

The material handling equipment industry can be divided on the basis of its product types into:

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

The industry can be categorised on the basis of its system type as:

• Unit Load Material Handling Systems
• Bulk Load Material Handling Systems

The industry can be broadly categorised on the basis of its industry into:

• Automotive
• Metal and Heavy Machinery
• Food and Beverages
• Chemicals
• Semiconductors and Electronics
• Healthcare
• Aviation
• E-Commerce
• Others

The industry can be categorised based on its function as:

• Assembly
• Packaging
• Transportation
• Distribution
• Storage
• Waste Handling

Looks into, The regional material handling equipment markets like:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Global Material Handling Equipment Market Analysis

The global material handling equipment market is being driven by the rising demand for incorporation of automation and modernisation into manufacturing procedures to make the manufacturing process simpler and cost-effective. The other factors contributing to the industry growth are the development of the aviation and e-commerce sectors, and the demand for supply chain transparency and flexibility in warehouse activities, and the rising demand for enhanced storage and transportation of goods in warehouses. By improving logistics in warehouses and manufacturing plants, it guarantees increased productivity. These products give a cost-effective, process-efficient, and precise technique for the rapid transfer of goods across production plants and warehouses, leading to its enhanced demand and, thus, aiding the industry growth. The rising material handling equipment in emerging markets like India is expected to also propel the overall industry growth globally. Manufacturing and other sectors are constantly attracting enormous quantities of foreign capital, thereby increasing the operations of manufacturing. Governments around the globe are growing their infrastructure growth to construct and upgrade new airports, rail networks, seaports, and power plants. It ensures improved productivity by enhancing logistics at warehouses and manufacturing plants.

Competitive Landscape

Key material handling equipment market players are actively investing in advanced technologies such as robotics and automation to lower human labour dependency and improve their operational efficiency. Material handling equipment companies are also attempting to offer eco-friendly material handling solutions to reduce greenhouse gas emissions and minimise operational costs.

Daifuku Co., Ltd.

Daifuku Co., Ltd., headquartered in Osaka, Japan, and established in 1937, is a prominent material handling company. The company leverages advanced technologies and its expertise to respond to the evolving logistics demands of its customers. In 2023, the company began operational testing of its newest high-speed, high-rise automated storage and retrieval system (AS/RS) stacker cranes.

Jungheinrich AG

Jungheinrich AG, headquartered in Hamburg, Germany, and established in 1953, is a global intralogistics company. It offers sustainable solutions for automation, material handling, and warehousing. Some of its products and services include lithium-ion technology, mobile robots, electric trucks, automated warehouse systems, and software, among others. In 2023, the company generated EUR 5.5 billion in revenue.

The Beumer Group GmbH & Co. KG

The Beumer Group GmbH & Co. KG, founded in 1935 and headquartered in Beckum, Germany, is a leading manufacturer of intralogistics systems for loading, conveying, packaging, palletising, sortation, and distribution. The company boasts 5,600 employees and generates an annual order intake of around EUR 1,25 billion.

Kion Group AG

Kion Group AG, founded in 1819 and headquartered in Frankfurt, Germany, is a leading manufacturer of intralogistics solutions. Its products and solutions ensure the optimal flow of materials in warehouses, production plants, and distribution centres in more than 100 countries. The company is also one of the world’s leading warehouse automation providers.

Other leading companies in the material handling equipment market include Mecalux, S.A., Toyota Industries Corporation, Hyster-Yale Materials Handling, Inc., JBT Corporation, and KUKU AG, among others.