Material Handling Equipment Market

Increasing E-Commerce and Logistics Industries to Bolster the Market.

Customization is at an all-time high as online shopping happens at a quicker rate than ever before. Customized systems and mining equipment will become more common, assisting the industry's growth even though a slight drop in demand in industrial use cases in 2020 and enormous development in the e-commerce market have aided the MHE industry's growth despite the pandemic. During the worldwide lockdowns, there was a healthy demand for grocery delivery and distribution, giving manufacturers higher expectations.

Additionally, the e-commerce industry is flourishing worldwide, which necessitates a lot of automation. Amazon, Walmart, and other large retailers are gradually introducing automated technology into their operations to make them more precise, efficient, secure, and cost-effective. Apart from that, the improvement of the manufacturing industry is a major factor in developing the market of material handling equipment.

Labor shortages are becoming a pressing issue in various industries, directly impacting the Global Material Handling Equipment Market Industry. As the workforce diminishes, companies are compelled to invest in automated solutions to maintain productivity levels. This trend is particularly evident in sectors such as manufacturing and logistics, where the need for efficient material handling equipment is paramount. The market's growth is likely to be fueled by this necessity, as businesses seek to mitigate the effects of labor shortages through automation and advanced handling technologies.

The rapid expansion of the e-commerce sector is significantly influencing the Global Material Handling Equipment Market Industry. As online retail continues to flourish, the demand for efficient material handling solutions rises. Companies are investing in advanced equipment to manage increased order volumes and ensure timely deliveries. This trend is evident as the market is expected to grow to 392.1 USD Billion by 2035. The need for automated sorting systems and high-density storage solutions is becoming paramount, suggesting that the e-commerce boom is a critical driver for the Global Material Handling Equipment Market.

Global trade dynamics are significantly influencing the Global Material Handling Equipment Market Industry. As international trade continues to expand, the demand for efficient logistics and supply chain solutions increases. This trend is reflected in the projected compound annual growth rate of 5.07% for the period from 2025 to 2035. Companies are investing in advanced material handling equipment to navigate complex supply chains and meet global demands. The interplay between trade policies and material handling solutions suggests a robust growth potential for the Global Material Handling Equipment Market.

The Global Material Handling Equipment Market Industry is poised for substantial growth, with projections indicating a market size of 227.5 USD Billion in 2024 and an anticipated increase to 392.1 USD Billion by 2035. This growth trajectory is supported by a compound annual growth rate of 5.07% from 2025 to 2035. The increasing demand for efficient material handling solutions across various sectors, including manufacturing, logistics, and retail, underscores the market's potential. As businesses continue to invest in advanced technologies and automation, the Global Material Handling Equipment Market is likely to thrive.

Sustainability initiatives are increasingly shaping the Global Material Handling Equipment Market Industry. Companies are adopting eco-friendly practices, leading to a demand for energy-efficient equipment and sustainable materials. This shift is not only beneficial for the environment but also aligns with regulatory requirements and consumer preferences. As organizations strive to reduce their carbon footprints, the market for green material handling solutions is likely to expand. This trend indicates a potential growth trajectory for the Global Material Handling Equipment Market, as businesses prioritize sustainability in their operations.

The Global Material Handling Equipment Market Industry is experiencing a surge in technological advancements, particularly with automation and robotics. Innovations such as automated guided vehicles and smart warehouse systems enhance operational efficiency and reduce labor costs. For instance, companies are increasingly adopting Internet of Things (IoT) technologies to streamline inventory management. This trend is likely to contribute to the market's growth, as it is projected to reach 227.5 USD Billion in 2024. As businesses seek to optimize their supply chains, the integration of advanced technologies appears to be a driving force in the Global Material Handling Equipment Market.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. the Asia-pacific region is expected to dominate the overall growth of the material handling equipment industry with a healthy CAGR of 9.7% during the forecast period. This is due to the increasing demand in the automotive, manufacturing, and other significant end-user industries. The countries such as South Korea, China, and Taiwan are increasingly adopting modern material handling methods in recent years to cater to the increasing production services.

Figure 3: MATERIAL HANDLING EQUIPMENT MARKET SHARE BY REGION 2023 (%)Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

North America is also expected to have substantial growth in material handling equipment which is due to the increasing sales across the region due to the e-commerce industry. The increasing growth of durable and non-durable goods is propelling the overall growth of the material-handling equipment industry. Moreover, North America is adopting automated warehouse practices across the region is fuelling the overall growth of the material handling equipment industry.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Material Handling Equipment market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Material Handling Equipment industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Material Handling Equipment. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Material Handling Equipment industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Material Handling Equipment industry to benefit customers and expand the market sector. The Material Handling Equipment market has recently given medicine some of the most important advantages. Major Material Handling Equipment market players, including Liebherr Group (Switzerland), KION Group AG (Germany), Jungheinrich AG (Germany), and others, are attempting to increase market demand by funding R&D initiatives.

Liebherr Group (also known as Liebherr-International Deutschland) is a company that manufactures construction and mining equipment. It offers earthmoving machinery and material handlers, cranes, aerospace and transportation systems, machine tools, automation systems, and other machinery. The company also provides renting construction machines, fleet management systems, procurement, and logistics services.

Also, KION Group is a company that manufactures material handling equipment. Its products include industrial trucks, forklifts, towing vehicles, conveyors, sorters, palletizers, etc. The company offers maintenance and supply chain solutions to e-commerce, third-party logistics, and supermarkets.