Material Handling Equipment Market was valued at USD 150 Billion in 2022 and is projected to reach USD 210 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The Material Handling Equipment (MHE) market, by application, refers to the use of various types of equipment designed to move, store, control, and protect materials throughout the manufacturing process, distribution, consumption, and disposal stages. Applications of material handling equipment are broad and diverse, encompassing industries such as durable manufacturing, food & beverage, logistics, and warehousing, among others. These applications are essential in optimizing operational efficiency, improving safety standards, and increasing productivity. Different types of material handling equipment are utilized based on the specific needs of each industry, such as forklifts, conveyor belts, automated storage systems, and palletizers. By selecting the right material handling equipment, businesses can reduce labor costs, minimize errors, and enhance the speed and accuracy of their operations.
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The durable manufacturing sector is a key segment in the material handling equipment market. This sector includes industries such as automotive, aerospace, and electronics, where the need for efficient movement of heavy, bulky, or high-value items is critical. Durable manufacturing requires specialized material handling equipment, such as overhead cranes, industrial trucks, and automated guided vehicles (AGVs), to ensure the smooth movement of parts and finished goods. These equipment types are designed to handle the rigorous demands of large-scale production environments, ensuring high safety standards and reduced operational downtime. The rise of automation in the durable manufacturing sector is also driving the growth of robotic systems, which help streamline assembly lines, optimize production workflows, and reduce human error.The food and beverage industry is another significant application area for material handling equipment, where maintaining product integrity and adhering to hygiene standards are of utmost importance. Material handling equipment used in this sector includes conveyors, sortation systems, palletizers, and automated guided vehicles that are designed to handle a wide variety of food products, from raw ingredients to finished goods. Food and beverage manufacturers face strict regulations, so the equipment used must comply with food safety standards, such as FDA regulations, and ensure that products are handled in a safe, efficient, and contamination-free manner. As demand for faster delivery times and greater production efficiency increases, the role of automation and robotics in this sector continues to grow, driving advancements in material handling equipment.
Key trends in the material handling equipment market include the increasing adoption of automation and robotics to improve operational efficiency, reduce labor costs, and increase accuracy. Automation has become particularly prevalent in sectors such as durable manufacturing and food & beverage, where the need for precise handling of materials is paramount. Automated systems such as AGVs and robotic arms help optimize workflows, reduce human error, and enhance safety standards. Another key trend is the growing focus on sustainability and energy efficiency. As businesses strive to reduce their environmental impact, there is an increasing demand for energy-efficient equipment, such as electric forklifts and low-energy conveyors, which help reduce both operational costs and carbon footprints.The material handling equipment market also presents significant opportunities, particularly in the fields of automation and digitalization. As Industry 4.0 technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning, continue to evolve, businesses are seeking ways to integrate these technologies into their material handling operations. The implementation of IoT-enabled equipment, for instance, allows real-time monitoring of machinery, enhancing predictive maintenance capabilities and reducing downtime. Furthermore, as emerging markets continue to industrialize, there is an increasing demand for material handling equipment across a wide range of sectors, offering growth opportunities for equipment manufacturers and technology providers in these regions. The shift towards e-commerce and online retail is also driving demand for advanced logistics and warehousing solutions, making it a key area of focus for the material handling equipment industry.
1. What is the material handling equipment market?
The material handling equipment market refers to the market for machines and equipment used for moving, storing, and controlling materials in industries such as manufacturing, warehousing, and logistics.
2. How is automation influencing the material handling equipment market?
Automation is improving efficiency, reducing labor costs, and increasing the speed and accuracy of material handling processes through technologies like robotics and automated guided vehicles (AGVs).
3. What are the key trends in the material handling equipment market?
The key trends include automation, sustainability, energy efficiency, and the integration of Industry 4.0 technologies such as IoT and AI to enhance operational capabilities.
4. What are the most commonly used types of material handling equipment?
Common types include forklifts, conveyors, automated storage systems, overhead cranes, and palletizers, each designed for specific tasks and industries.
5. What are the primary applications of material handling equipment?
Material handling equipment is primarily used in sectors such as durable manufacturing, food & beverage, logistics, warehousing, and e-commerce, among others.
6. How does material handling equipment improve operational efficiency?
It reduces labor costs, minimizes errors, improves safety standards, and increases the speed and accuracy of material movement throughout the production or distribution process.
7. What are the challenges faced by the material handling equipment market?
Challenges include high initial investment costs, maintenance requirements, and the need to comply with industry-specific safety and regulatory standards.
8. What impact does sustainability have on the material handling equipment market?
Sustainability is driving the demand for energy-efficient and eco-friendly equipment, such as electric forklifts and low-energy conveyor systems, to reduce operational costs and environmental footprints.
9. Which industries benefit the most from material handling equipment?
Industries such as durable manufacturing, food & beverage, automotive, aerospace, and logistics benefit significantly from material handling equipment due to their complex operational needs.
10. How is the growth of e-commerce affecting the material handling equipment market?
The growth of e-commerce is increasing demand for efficient warehousing and logistics solutions, driving advancements in material handling technologies such as automated sorting systems and AGVs.
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Hyster-Yale Materials Handling
KUKA
Kion Group
JBT Corporation
Flexlink
Intelligrated
Dematic
Columbus McKinnon
Daifuku
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Material Handling Equipment Market
Durable Manufacturing
Food & Beverage
Other
Based on Types the Market is categorized into Below types that held the largest Material Handling Equipment market share In 2023.
Storage & Handling Equipment
Industrial Trucks
Bulk Material Handling Equipment
Automated Storage & Retrieval System (AS/RS)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global Material Handling Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Material Handling Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Material Handling Equipment Market, By Type
6. Global Material Handling Equipment Market, By Application
7. Global Material Handling Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Material Handling Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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