Material Handling Equipment Market Size, Share & Trends Report

Material Handling Equipment Market Size, Share & Trends Analysis Report By Product (Cranes & Lifting Equipment, Racking & Storage Equipment), By Application, By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-1-68038-357-7
  • Number of Pages: 137
  • Format: Electronic (PDF)

Market Segmentation

  • Material Handling Equipment Product Outlook (Revenue, USD Million, 2017 - 2030)
    • Cranes & Lifting Equipment
    • Industrial Trucks
    • Continuous Handling Equipment
    • Racking & Storage Equipment
  • Material Handling Equipment Application Outlook (Revenue, USD Million, 2017 - 2030)
    • Automotive
    • Food & Beverages
    • Chemical
    • Semiconductor & Electronics
    • E-commerce
    • Aviation
    • Pharmaceutical
    • Others
  • Material Handling Equipment Regional Outlook (Revenue, USD Million, 2017 - 2030)
    • North America
      • North America Material Handling Equipment Market, By Product
        • Cranes & Lifting Equipment
        • Industrial Trucks
        • Continuous Handling Equipment
        • Racking & Storage Equipment
      • North America Material Handling Equipment Market, By Application
        • Automotive
        • Food & Beverages
        • Chemical
        • Semiconductor & Electronics
        • E-commerce
        • Aviation
        • Pharmaceutical
        • Others
      • U.S.
        • U.S. Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • U.S. Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
      • Canada
        • Canada Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • Canada Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
    • Europe
      • Europe Material Handling EquipmentMarket, By Product
        • Cranes & Lifting Equipment
        • Industrial Trucks
        • Continuous Handling Equipment
        • Racking & Storage Equipment
      • Europe Material Handling EquipmentMarket, By Application
        • Automotive
        • Food & Beverages
        • Chemical
        • Semiconductor & Electronics
        • E-commerce
        • Aviation
        • Pharmaceutical
        • Others
      • Germany
        • Germany Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • Germany Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
      • France
        • France Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • France Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
      • U.K.
        • U.K. Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • U.K. Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
      • Italy
        • Italy Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • Italy Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
      • Spain
        • Spain Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • Spain Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
    • Asia Pacific
      • Asia Pacific Material Handling EquipmentMarket, By Product
        • Cranes & Lifting Equipment
        • Industrial Trucks
        • Continuous Handling Equipment
        • Racking & Storage Equipment
      • Asia Pacific Material Handling EquipmentMarket, By Application
        • Automotive
        • Food & Beverages
        • Chemical
        • Semiconductor & Electronics
        • E-commerce
        • Aviation
        • Pharmaceutical
        • Others
      • China
        • China Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • China Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
      • India
        • India Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • India Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
      • Japan
        • Japan Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • Japan Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
      • South Korea
        • South Korea Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • South Korea Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
      • Australia
        • Australia Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • Australia Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
    • Latin America
      • Latin America Material Handling EquipmentMarket, By Product
        • Cranes & Lifting Equipment
        • Industrial Trucks
        • Continuous Handling Equipment
        • Racking & Storage Equipment
      • Latin America Material Handling EquipmentMarket, By Application
        • Automotive
        • Food & Beverages
        • Chemical
        • Semiconductor & Electronics
        • E-commerce
        • Aviation
        • Pharmaceutical
        • Others
      • Brazil
        • Brazil Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • Brazil Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
      • Mexico
        • Mexico Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • Mexico Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
      • Argentina
        • Argentina Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • Argentina Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
    • Middle East & Africa
      • Middle East & Africa Material Handling EquipmentMarket, By Product
        • Cranes & Lifting Equipment
        • Industrial Trucks
        • Continuous Handling Equipment
        • Racking & Storage Equipment
      • Middle East & Africa Material Handling EquipmentMarket, By Application
        • Automotive
        • Food & Beverages
        • Chemical
        • Semiconductor & Electronics
        • E-commerce
        • Aviation
        • Pharmaceutical
        • Others
      • Saudi Arabia
        • Saudi Arabia Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • Saudi Arabia Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others
      • South Africa
        • South Africa Material Handling Equipment Market, By Product
          • Cranes & Lifting Equipment
          • Industrial Trucks
          • Continuous Handling Equipment
          • Racking & Storage Equipment
        • South Africa Material Handling EquipmentMarket, By Application
          • Automotive
          • Food & Beverages
          • Chemical
          • Semiconductor & Electronics
          • E-commerce
          • Aviation
          • Pharmaceutical
          • Others

Material Handling Market Dynamics

Driver: Growing demand for warehouse operational flexibility and supply chain transparency

Material handling equipment is utilized across various industries, with its most common application being in warehouses. These types of equipment, whether manual, semi-automated, or fully automated, play a crucial role in the movement, storage, and retrieval of materials within warehouse facilities. Industrial trucks, such as forklifts and motorized trucks, are essential for transporting materials in large volumes within manufacturing facilities. Additionally, they efficiently load and unload heavy commodities onto delivery trucks. Conveyors are also employed in warehouses to facilitate the movement of products during assembly processes. The utilization of material handling equipment in warehouses not only simplifies tasks but also reduces the need for a large workforce. Furthermore, implementing automated material handling systems benefits manufacturers when reselling their warehouses, as these systems enhance operational efficiency. The ideal material handling equipment not only reduces labor costs but also prioritizes the safety of workers, thereby minimizing expenses associated with workplace injuries. In warehouses, material handling equipment plays a vital role in managing the storage and transportation of goods and products. By offering improved logistic support, this equipment enhances the overall efficiency of warehouses and manufacturing plants. They are cost-effective, process-efficient, and accurate alternatives for transferring goods between manufacturing plants and warehouses. To effectively manage stock, expedite the movement of goods, handle orders, and organize inventory, warehouses require small hand trucks, pallet jacks, automatic guided vehicles (AGVs), and shelves or racks. The increasing demand for operational flexibility in warehouses and growing emphasis on supply chain transparency are expected to drive the global demand for material handling equipment.

Driver: Surging applications of material handling equipment across several end-use industries

Material handling equipment encompasses a wide array of tools, storage units, vehicles, and accessories that are utilized to control, transport, quantify, store, and safeguard materials at any stage of their production, distribution, or disposal. Consequently, material handling equipment is becoming increasingly crucial in various industries such as food & beverages, chemicals, pharmaceuticals, e-commerce, aerospace, and automotive. The global manufacturing sector is undergoing a significant shift from manual labor to automation, primarily due to its numerous benefits in streamlining production processes, enhancing inventory management, and improving workplace safety. This transition towards automation is expected to be a key driver for the growth of the material handling equipment market, particularly in end-use industries like automotive, food & beverages, and chemicals. Industries such as automotive, retail, and pharmaceutical are already utilizing automated material handling equipment throughout their workflow, from manufacturing and packaging to distribution and disposal. In the food & beverages industry, frozen food items are often produced from fresh produce, dough, dairy products, and other ingredients. It is crucial to deliver batches of these raw materials to the manufacturing lines promptly and as required, necessitating the use of efficient material handling equipment to carry out these tasks swiftly and minimize inventory damage. Consequently, the usage of material handling equipment is expected to increase across different industries in the coming years, enabling time savings, reducing human errors, and ensuring an effective production process. Material handling equipment is employed in the chemicals industry to handle loose chemicals in bulk. The thriving global chemicals industry and its growing adoption of material handling equipment are anticipated to drive the growth of the global market in the forecast period. Similarly, in the pharmaceutical industry, using storage and material handling systems is essential to ensure the proper handling of raw materials, finished products, and other pharmaceutical supplies.

Restraint: Volatility in prices of raw materials and their demand-supply gap

The growth of the material handling equipment market is expected to be hindered in the coming years due to the increasing prices of raw materials. Various regional and international factors contribute to this rise in prices. One of the main factors is the surge in steel prices, which poses a significant challenge to the market worldwide. Steel manufacturers are striving for sustainability amidst weak steel demand, low global steel prices, mine closures, stringent mining rules, and margin pressures. To address these challenges, leading companies in the market are implementing new compliance standards for their equipment, exploring untapped markets, developing innovative services and solutions, and forming cross-functional teams to manage operational concerns. The global steel market is heavily regulated, with governments of different countries acting as facilitators to assess market conditions and implement fiscal and related policies accordingly. Material handling equipment manufacturers rely on long-term contracts with carefully selected or strategic sources to procure raw materials. Additionally, many companies in this market are actively working towards reducing the volume of raw materials they procure.

What Does This Report Include?

This section will provide insights into the contents included in this material handling market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Material handling market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Material handling market quantitative analysis

  • Market size, estimates, and forecast from 2017 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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