Canada Material Handling Equipment Market Size & Outlook
Global Market
Related Markets
Canada material handling equipment market highlights
- The Canada material handling equipment market generated a revenue of USD 8,224.3 million in 2025 and is expected to reach USD 13,542.8 million by 2033.
- The Canada market is expected to grow at a CAGR of 6.5% from 2026 to 2033.
- In terms of segment, continuous handling equipment was the largest revenue generating product in 2025.
- Racking & storage equipment is the most lucrative product segment registering the fastest growth during the forecast period.
Material handling equipment market data book summary
| Market revenue in 2025 | USD 8,224.3 million |
| Market revenue in 2033 | USD 13,542.8 million |
| Growth rate | 6.5% (CAGR from 2026 to 2033) |
| Largest segment | Continuous handling equipment |
| Fastest growing segment | Racking & storage equipment |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cranes & Lifting Equipment, Industrial trucks, Continuous handling equipment, Racking & storage equipment |
| Key market players worldwide | Daifuku Co Ltd, Honeywell International Inc, KION GROUP AG, Murata Manufacturing Co Ltd, SSI Schaefer Systems International North America, Swisslog, Toyota Industries Corp, BEUMER Group, Interlake Mecalux, Vanderlande |
Other key industry trends
- In terms of revenue, Canada accounted for 3.1% of the global material handling equipment market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. material handling equipment market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 6,989.3 million by 2033.
According to the International Monetary Fund (IMF) World Economic Outlook, the GDP of Canada was 4.6% in 2021 owing to the improved trade terms. The market in Canada is driven by the increasing inclination toward industrial automation to maximize efficiency.
The market is expected to expand if there are more industrial automation firms that provide software, machine vision, and automation solutions. For instance, Automate Canada enables the manufacturing of automation through its members such as ABB, Inc., Forcen, Inc., and Morrell Group, Inc.
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Material Handling Equipment Market Scope
Material Handling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Murata Manufacturing Co Ltd | View profile | 73,828 | No. 10 No. 1 Yubinbango, Nagaokakyo, 1-chome, Kyoto Higashikotari, Nagaokakyo, Japan, 617-8555 | www.murata.co.jp |
| KION GROUP AG | View profile | 42,325 | Thea-Rasche-Strasse 8, Frankfurt am Main, HE, Germany, 60549 | www.kiongroup.com |
| Daifuku Co Ltd | View profile | 13,020 | 3-2-11, Mitejima, Nishiyodogawa-ku,, Osaka, Japan, 555-0012 | www.daifuku.co.jp |
| Toyota Industries Corp | View profile | 89,245 | 2-1, Toyoda-cho, Kariya-shi, Aichi, Japan, 448-8671 | www.toyota-industries.com |
| SSI Schaefer Systems International North America | View profile | 10001+ | Thane, Maharashtra, India, Asia | ssi-schaefer.us |
| Swisslog | View profile | 5001-10000 | Buchs, Inner-Rhoden, Switzerland, Europe | swisslog.com |
| BEUMER Group | View profile | 5001-10000 | Beckum, Nordrhein-Westfalen, Germany, Europe | www.beumergroup.com |
| Interlake Mecalux | View profile | 501-1000 | Chicago, Illinois, United States, North America | www.interlakemecalux.com/ |
| Vanderlande | View profile | 1001-5000 | Veghel, Noord-Brabant, The Netherlands, Europe | www.vanderlande.com |
Canada Material Handling Equipment Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Material Handling Equipment Market Outlook will help companies and investors design strategic landscapes.
Continuous Handling Equipment was the largest segment with a revenue share of 40.51% in 2025.
Horizon Databook has segmented the Canada material handling equipment market based on cranes & lifting equipment, industrial trucks, continuous handling equipment, racking & storage equipment covering the revenue growth of each sub-segment from 2021 to 2033.
According to the International Monetary Fund (IMF) World Economic Outlook, the GDP of Canada was 4.6% in 2021 owing to the improved trade terms. The market in Canada is driven by the increasing inclination toward industrial automation to maximize efficiency.
The market is expected to expand if there are more industrial automation firms that provide software, machine vision, and automation solutions. For instance, Automate Canada enables the manufacturing of automation through its members such as ABB, Inc., Forcen, Inc., and Morrell Group, Inc.
- Canada Material Handling Equipment Market Product Outlook (Revenue, USD Million , 2021-2033)
- Cranes & Lifting Equipment
- Industrial trucks
- Continuous handling equipment
- Racking & storage equipment
- Canada Material Handling Equipment Market Application Outlook (Revenue, USD Million , 2021-2033)
- Automotive
- Food & Beverages
- Chemical
- Semiconductor & Electronics
- E-Commerce
- Aviation
- Pharmaceutical
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Material Handling Equipment Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Material Handling Equipment Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Material Handling Equipment Market, 2021-2033 (US$M)
Canada material handling equipment market statistics, by product, 2021-2033 (US$M)
