The Material Handling Equipment Market, estimated at USD 206.59 Billion in 2022, is poised for substantial growth, with projections indicating an increase to USD 319.69 Billion by 2030. This trajectory reflects a notable Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period from 2023 to 2030.

The anticipated expansion of the market is driven by several factors, including rapid industrialization and the increasing demand for automation in material handling equipment. The need for efficient and automated solutions in material handling processes is a key driver, as industries strive to enhance operational efficiency, reduce labor costs, and improve overall productivity.

The initial impact of the COVID-19 pandemic on the warehousing sector is acknowledged, particularly with restrictions affecting the movement of non-essential goods. However, the market demonstrated resilience and adaptability, rebounding from the early challenges posed by the pandemic. As global economies recover and industries continue to prioritize automation and efficiency in material handling, the market is expected to regain and surpass pre-pandemic levels.

The expansion of private investment in industrial machinery and equipment, particularly in the U.S., reflects a robust economy. This economic strength is expected to stimulate activity in major downstream markets for the U.S. industry, such as manufacturing and wholesaling. As a result, the demand for material handling equipment is anticipated to remain strong.

The forecasted CAGR underscores the industry's anticipation of sustained growth, reflecting the ongoing importance of material handling equipment in various industrial sectors. The period from 2023 to 2030 holds promise for the market as it continues to play a vital role in supporting the evolving needs of industries and supply chains worldwide.

Key Players

The major key players, 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., are and others.

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KEY MARKET SEGMENTATION

- Product

  • Cranes & Lifting Equipment
  • Industrial Trucks
  • Continuous Handling Equipment
  • Racking & Storage Equipment

- Application

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

DRIVERS

1. Expansion of E-Commerce Driving MHE Demand:
The rapid expansion of the e-commerce industry has heightened the demand for Material Handling Equipment (MHE), particularly in the sorting, packaging, and order fulfillment processes within warehouses and distribution centers.

2. Global Supply Chain Networks Increasing MHE Necessity:
The need for MHE to facilitate the movement of items across different sites is escalating as businesses extend their global supply chain networks. This expansion raises the significance and cost of MHE equipment. Modern production techniques like 3D printing and lean manufacturing further necessitate effective material handling systems to optimize processes and reduce waste.

OPPORTUNITY

1. Customization and Specialization in MHE Solutions:
Businesses specializing in customization and specialization can offer MHE solutions tailored to the specific needs of different industries. This opens up market niches for companies providing bespoke material handling solutions.

2. Cost-Effective Options through Renting and Leasing:
Offering rental or leasing options for MHE equipment provides cost-effective alternatives for businesses with tight budgets. This service-oriented approach meets the demand for flexibility in equipment usage without the need for a significant upfront investment.

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Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

....

8. Material handling equipment market Segmentation, By Product

8.1 Cranes & Lifting Equipment

8.2 Industrial Trucks

8.3 Continuous Handling Equipment

8.4 Racking & Storage Equipment

9. Material handling equipment market Segmentation, By Application

... Continue

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