Material Handling Equipment Market Size was valued at USD 216.6 billion in 2022 and the total Market revenue is expected to grow at 6% from 2022 to 2030, reaching nearly USD 342.0 billion.
The expansion of e-commerce, warehousing, and manufacturing industries has propelled the material handling equipment market. Advanced solutions such as automated guided vehicles (AGVs), robotic palletizers, and IoT-enabled fleet management improve efficiency and safety. The shift towards automation and smart logistics continues to drive innovation and market growth.
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The Material Handling Equipment Market Report is a product of in-depth research and analysis by our team of expert market analysts. It covers key factors shaping the Material Handling Equipment Market, including industry competition, consumer trends, and technological innovations. This report serves as a strategic resource for industry professionals, enabling informed decision-making and a competitive edge in a dynamic market. With comprehensive insights and actionable intelligence, the Material Handling Equipment Market Report provides valuable opportunities for growth and success in the industry.
Competitive Analysis
The Material Handling Equipment Market is highly competitive, with key players focusing on innovation, strategic partnerships, and mergers and acquisitions to strengthen their market positions. Notable companies include:
Daifuku Co., Ltd. (Japan)
Liebherr Group (Switzerland)
Schaefer System International Ltd. (Germany)
Toyota Industries Corporation (Japan)
Beumer Group (Germany)
Jungheinrich AG (Germany)
Godrej Group (India)
Kion Group AG (Germany)
Action Construction Equipment Ltd. (India)
Hyster-Yale Materials Handling, Inc. (U.S.)
Swisslog Holding AG (Germany)
Crown Equipment Corporation (U.S.)
Hyster-Yale Materials Handling, Inc. (U.S.)
Mitsubishi Logisnext Co., Ltd. (Japan)
KUKA AG (Germany)
Key Benefits for Stakeholders
The Material Handling Equipment Market Report offers stakeholders a comprehensive suite of benefits, including quantitative analysis of market segments, trends, estimations, and dynamics from 2024 to 2032. It provides insights into key drivers, restraints, and opportunities, supported by Porter's Five Forces analysis for strategic decision-making. The report's segmentation analysis identifies market opportunities, while revenue mapping of major countries by region offers a detailed financial perspective. Additionally, it includes benchmarking and positioning of market players, along with an analysis of regional and global trends, key players, and growth strategies.
Recent Industry Developments
KION Group, a leader in the material handling equipment sector has made a strategic alliance with the Li-Cycle, an lithium ion resource leader to strengthen their battery recycling and sustainability offerings position in the industry.
Crown equipment corporation, expnded its product portfolio with Internal combustion and Electric counterbalance forklifts that can offer a carrying capacity upto 5.5 tons.
Toyota Industries Corporation’s division Toyota Material Handling Japan (TMHJ) has developed an autonomous AI lift trucks that locates, position trucks, loads and generates an automated routes for loading operations.
SSI Schaefer, a leader in intralogistic sector has launched its SSI Mobile robots and shelving systems improving intralogistic operations and speed up logistic processes and reduce cost offering partial automation option to intralogistic sector.
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Drivers & Restrains
Drivers:
Growing demand for automation and efficiency in logistics and warehousing operations to enhance productivity.
Increasing investment in infrastructure development and manufacturing activities across various industries.
Restraints:
High initial costs associated with purchasing and implementing advanced material handling equipment.
Challenges related to skilled labor shortages and the need for training in operating sophisticated equipment.
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