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Global Material Handling Equipment Markets Report 2023: Market to Reach $193 Billion by 2030 - 3PL, E-Commerce and F&B Manufacturing & Retail Driving Growth

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Global Market for Material Handling Equipment

Global Market for Material Handling Equipment
Global Market for Material Handling Equipment

Dublin, March 13, 2023 (GLOBE NEWSWIRE) -- The "Material Handling Equipment: Global Strategic Business Report" report has been added to's offering.

Global Material Handling Equipment Market to Reach $193 Billion by 2030

The global market for Material Handling Equipment estimated at US$127.7 Billion in the year 2022, is projected to reach a revised size of US$193 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.

Conveyor Systems, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$79.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Forklifts segment is readjusted to a revised 5.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $33.3 Billion, While China is Forecast to Grow at 7.1% CAGR

The Material Handling Equipment market in the U.S. is estimated at US$33.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$36.1 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$24.8 Billion by the year 2030.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Key Attributes:

Report Attribute


No. of Pages


Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$127.7 Billion

Forecasted Market Value (USD) by 2030

$193 Billion

Compound Annual Growth Rate


Regions Covered


Key Topics Covered:


  • Industrial Activity to Remain Subdued in the Immediate Term

  • Impact of COVID-19 Pandemic on Material Handling Equipment Market

  • Prominent Trends with Potential to Influence Material Handling Space in 2021 & Beyond

  • Material Handling Equipment: A Review

  • Classification of Material Handling Equipment

  • Conveyor Systems

  • Industrial Trucks and Forklifts

  • Hoists and Cranes

  • Automated Storage and Retrieval System (AS/RS)

  • Other Segments

  • Major Application Segments

  • Third-party Logistics

  • E-Commerce & General Merchandise

  • F&B Manufacturing & Retail

  • Consumer Durables

  • Other Applications

  • End-Use Markets: Brief Overview

  • Aerospace, Automobile and Shipping

  • Agriculture

  • Building and Construction

  • Electrical & Electronic Equipment

  • Industrial Machinery

  • Postal/Express Delivery

  • Warehousing

  • Industry Overview

  • Material Handling Equipment: An Integral Part of Supply Chain

  • Growth Drivers in Nutshell

  • Technology Trends to Watch-for in Material Handling Industry

  • Conveyor Systems and Forklifts: Key Segments

  • 3PL, E-Commerce and F&B Manufacturing & Retail: Three Major Application Markets Driving Growth

  • Impact of GDP Growth on MHE Market

  • Increasing Industrial & Infrastructural Activities

  • North America and Asia Command the Material Handling Equipment Market

  • Developing Countries to Set the Growth Pace

  • China Remains an Important Market

  • Demand for Automated MHE on Rise

  • Strong Focus on Worker Safety

  • Product innovations Hold Key to Success

  • Urbanization Ups the Need for Efficient Order Fulfilment Systems

  • Competitive Landscape

  • Vendors Adopt Acquisition Route to Offer Innovative Materials Handling Solutions

  • Recent Market Activity

  • Industry Witnesses a Change in Business Model

  • Companies Focus on New Strategies to Boost Innovations

  • Investment in Start-ups: Another Strategic Move

  • Lift Trucks Market: Leading Players

  • Global Industrial Lift Trucks Market (2019): Percentage Breakdown of Share by Company

  • Conveyers Market

  • Cranes

  • Select Players in the Global Crane Market

  • Select Global Brands

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)


  • Mega Trends Shaping Post-COVID-19 Journey of Material Handling Equipment Industry

  • Global Material Handling Equipment Market Heading towards Substantial Gains

  • Recent Developments in Material Handling Automation

  • Trend towards Industry 4.0 Redefines Material Handling Equipment Market

  • Major Industry 4.0 Technologies

  • The Internet of Things Gains Prominence

  • IIoT Applications in Material Handling Equipment

  • Cloud Computing: Powering e-commerce

  • Predictive Analytics: Simplify Decision Making

  • Big Data: Helps Identify the Best WM Practices

  • Mobility Devices Take Center Stage

  • Wearable Devices: Pilot Adoption Underway

  • 3D Printing to Transform the Supply Chain

  • Companies Improving Traceability and Enhancing Material Handling Efficiency

  • Integration of MHE with Warehouse Management Systems

  • Third Party Logistics (3PL): Expanding in Industrial Manufacturing, Retail and Wholesale Sectors

  • Technology Tools Seek Wider Role in 3PL Domain

  • Expanding Retail Industry Generates Significant Opportunities

  • e-Commerce Emerges as New Growth Driver

  • Uptrend in e-Commerce Impacts Automated Conveyor Systems

  • e-commerce Bringing Changes in Supply Chain Management

  • Food & Beverage Manufacturing & Retail: One of the Leading Application Markets

  • Growing Importance of Automation & Technology Drive MHE in F&B Industry

  • Material Handling Market Steps Up Focus on Sustainability

  • Aging Workforce Drives Demand for Automated and Ergonomic Systems

  • Focus Intensifies on Cost-Effective MH Solutions

  • Traditional Supply Chain Facing Stiff Competition from Omnichannel Commerce

  • Technological Advances to Propel the Industry

  • Driverless Vehicles and Drones: No Longer a Distant Reality

  • Productivity and Safety Gain Immense Attention

  • Voice Recognition Systems Find Way

  • Select Product and Application Trends

  • Demand Goes Strong for Smart Conveyor Equipment

  • Modular Designed Conveyor Systems Add Versatility

  • Factors Influencing Demand for Conveyors

  • Automated Lift Trucks Witness Increasing Adoption

  • Technologies Making Their Way into Lift Trucks

  • Pallet Trucks Grow in Sophistication

  • Demand for Automated Forklifts Picks up in Emerging Countries

  • Industry Demand Shifts towards Electric Trucks

  • Adoption of Electric Drives in Cranes and Hoists on Rise

  • Lithium Batteries Emerge as Hottest Trend

  • Advanced Material Handling Technologies Systems Improve Supply Chain Excellence

  • Automated Material Handling Equipment Make a Cut

  • Unit Load Systems Seek Bigger Role

  • Consumption Trends in Key End Use Industries

  • Factors Influencing Automated Material Handling Equipment Market

  • Strong Contribution from North American Automated MHE Market

  • Advanced Robotics Impacts Automated Material Handling Equipment

  • Automation Initiatives of Industrial Units Spur Demand for AGVs

  • Advancements Lead to Expanded Opportunities for AGVs

  • Growth Drivers and Application Trends in Select End-Use Industries

  • Increasing Automation in Manufacturing Industries

  • Transition of Material Handling in Automobile Industry

  • Recovery in Automotive Industry Post COVID-19 to Steer Demand

  • Expansion of E-Commerce & Retail Industries

  • Entry of Start-Ups with Warehouse Automation Solutions

  • Automated Systems Gain Traction in Consumer Electronics Production Units

  • Rising Adoption of Automated Systems to Boost Global Pharmaceutical Material Handling Equipment Market

  • Key Factors for Selecting a Material Handling System in Pharmaceuticals Manufacturing

FOCUS ON SELECT PLAYERS (Total 463 Featured)

  • BEUMER Group GmbH & Co. KG

  • Columbus McKinnon Corp.

  • Crown Equipment Corporation

  • Daifuku Co., Ltd.

  • Jervis B. Webb Company

  • FlexLink AB

  • Honeywell Safety and Productivity Solutions (SPS)

  • Hyster-Yale Materials Handling, Inc.

  • Hytrol Conveyor Co., Inc.

  • Interroll Group

  • Jungheinrich AG

  • KION Group AG

  • Dematic Group

  • Liebherr Group

  • Mitsubishi Logisnext Americas Inc.

  • Murata Machinery, Ltd.

  • SSI SCHAFER - Fritz Schafer GmbH

  • Swisslog Holding AG

  • Toyota Industries Corporation

  • Vanderlande Industries Nederland B.V.

  • Viastore Systems GmbH

  • WITRON Logistik + Informatik GmbH

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