Reports > Automotive And Mobility > Material Handling Equipment Market Report
Material Handling Equipment Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Material Handling Equipment market, focusing on market size, key trends, regional insights, and forecasts from 2023 to 2033. It aims to equip stakeholders with valuable insights for informed decision-making.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $41.20 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $80.98 Billion |
| Top Companies | Toyota Industries Corporation, KION Group AG, Daifuku Co., Ltd., Honeywell Intelligrated |
| Last Modified Date | 15 Nov 2024 |
Material Handling Equipment Market Report (2023 - 2033)
Material Handling Equipment Market Overview
What is the Market Size & CAGR of the Material Handling Equipment market in 2023?
Material Handling Equipment Industry Analysis
Material Handling Equipment Market Segmentation and Scope
Request a custom research report for industry.
Material Handling Equipment Market Analysis Report by Region
Europe Material Handling Equipment Market Report:
Europe's Material Handling Equipment market is set to expand from $10.27 billion in 2023 to $20.19 billion by 2033. The region is characterized by a strong emphasis on sustainability and innovation, driving the adoption of advanced material handling solutions among various industries, particularly in Germany and the UK.Asia Pacific Material Handling Equipment Market Report:
The Asia Pacific region is poised to experience significant growth, with the market size projected to increase from $8.62 billion in 2023 to $16.94 billion by 2033. A booming manufacturing sector coupled with rising e-commerce activities is driving demand for advanced material handling systems, especially in countries like China and India.North America Material Handling Equipment Market Report:
North America holds a significant share of the market, with projections indicating growth from $15.95 billion in 2023 to $31.35 billion by 2033. The thriving e-commerce sector and investments in warehouse automation are major contributors. Companies in the U.S. are increasingly focusing on implementing automated solutions to enhance supply chain efficiency.South America Material Handling Equipment Market Report:
In South America, the market is expected to grow from $3.60 billion in 2023 to $7.09 billion by 2033. Economic recovery efforts and infrastructure developments in countries like Brazil and Argentina are likely to spur investments in material handling technology, driving market expansion.Middle East & Africa Material Handling Equipment Market Report:
The Middle East and Africa market is expected to grow from $2.75 billion in 2023 to $5.41 billion by 2033. The construction and logistics sectors are pivotal as urbanization and infrastructural investments continue to rise, leading to greater needs for effective material handling systems.Request a custom research report for industry.
Material Handling Equipment Market Analysis By Product Type
Global Material Handling Equipment Market, By Product Type Market Analysis (2023 - 2033)
The Material Handling Equipment market analyzed by product types includes forklifts, automated guided vehicles, conveyors, and more, playing significant roles in their respective applications. As of 2023, forklifts represent a significant share of the market, estimated at $24.91 billion, projected to grow to $48.95 billion by 2033.
Material Handling Equipment Market Analysis By Application
Global Material Handling Equipment Market, By Application Market Analysis (2023 - 2033)
Market applications include warehousing, logistics, shipping, and manufacturing. The logistics sector is the largest end-user, holding a market share estimated at $19.94 billion in 2023, reaching $39.18 billion by 2033.
Material Handling Equipment Market Analysis By Technology
Global Material Handling Equipment Market, By Technology Market Analysis (2023 - 2033)
Technological segments encompass manual, semi-automated, and fully automated systems. Manual technology remains dominant with a market size of $24.91 billion in 2023, while semi-automated technology is forecasted to grow from $9.22 billion to $18.13 billion during the same period.
Material Handling Equipment Market Analysis By End User Industry
Global Material Handling Equipment Market, By End-User Industry Market Analysis (2023 - 2033)
End-user industries driving market demand are automotive, food & beverage, pharmaceuticals, and construction. The automotive sector alone will see its market size grow from $8.32 billion in 2023 to $16.36 billion by 2033.
Material Handling Equipment Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Material Handling Equipment Industry
Toyota Industries Corporation:
A leading manufacturer of forklifts and other material handling equipment, Toyota Industries focuses on innovation and sustainability, enhancing operational efficiencies for its clients.KION Group AG:
KION is known for its comprehensive portfolio of material handling systems, including automated systems and software solutions, supporting warehouses and logistics operations worldwide.Daifuku Co., Ltd.:
Specializing in material handling systems and automation solutions, Daifuku offers an extensive range of products that improve efficiency in various industries, especially in large-scale warehousing.Honeywell Intelligrated:
A key player in automation solutions, Honeywell Intelligrated provides intelligent automation technologies that facilitate efficient material handling across numerous sectors.We're grateful to work with incredible clients.
