Material Handling Equipment Market Growth, Size, Trends, Challenges and Future Competition

Material Handling Equipment Market Size- By Equipment Type, By Industry, By Product- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Material Handling Equipment Market Size- By Equipment Type, By Industry, By Product- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jun 2023 Report ID: MACH2335 Pages: 1 - 247 Formats*:     
Category : Equipment and Machinery
Material Handling Equipment Market Introduction and Overview 

According to SPER Market Research, the Global Material Handling Equipment Market is estimated to reach USD 404.16 billion by 2033 with a CAGR of 6.14%.

The report includes an in-depth analysis of the Global Material Handling Equipment Market, including market size and trends, product mix, distribution channels, and supplier analysis. To make the movement, storing, controlling, and protecting of materials and goods easier, a variety of tools, machines, and systems are referred to as material handling equipment. It includes a broad range of machinery, including industrial vehicles, hoists, conveyors, cranes, automated systems, and storage options. Material handling technology is essential for increasing workplace safety, lowering human labour requirements, increasing operational efficiency, and streamlining logistics and supply chain procedures.

  • Technological Advancements: Advancements in material handling technologies, including sensors, IoT integration, AI, and cloud computing, are fueling market growth. These innovations enhance equipment intelligence, connectivity, real-time data analysis, improving efficiency, predictive maintenance, and decision-making. 
  • Safety and Ergonomics: Growing awareness of worker safety and ergonomics drives the demand for safer material handling equipment. Manufacturers respond with enhanced safety features, ergonomic designs, and operator-assist technologies, boosting market growth. 
Material Handling Equipment Market
Market Opportunities and Challenges
The market for material handling equipment offers a lot of room for growth and expansion. The growing adoption of automation and advanced technologies across a range of industries is one of the primary potential. Automation enables accurate and effective material handling, which lowers labour costs and boosts total production. The market for material handling equipment has benefited from the growth of e-commerce. To handle the rising volume of items, the growing need for swift and effective order fulfilment necessitates the use of sturdy handling equipment. Conveyor systems, automated storage and retrieval systems (AS/RS), and other material handling equipment are now in high demand as a result of this. 

The market does, however, nevertheless encounter some difficulties. The high cost of installing sophisticated material handling technology is one of the main obstacles. These technologies may be difficult for small and medium-sized businesses (SMEs) to invest in, which would limit their adoption. The requirement for experienced labour to operate and maintain the sophisticated material handling equipment presents another difficulty. Finding and maintaining skilled employees with the required technical competence may be challenging for businesses.

Material Handling Equipment Market


Market Competitive Landscape
The material handling equipment market is marked by intense competition and consolidation. Vendors employ both organic and inorganic strategies to stay competitive. For example, Mole and Mouse Automated Guided Carts (AGCs) was introduced in April 2021 by Toyota Material Handling. These AGCs enable customers to automate repetitive tasks in assembly lines, distribution centers, warehouses, and manufacturing plants. Such product launches help vendors enhance their offerings and cater to the growing demand for automated material handling solutions. The major key players of the market are: BEUMER GROUP, Daifuku Co., Ltd., Honeywell International, Inc., KION GROUP AG, Mecalux, S.A., Murata Manufacturing Co., Ltd., SSI SCHAEFER, Swisslog Holding AG, Vanderlande Industries B.V., Others.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Equipment Type, By Industry, By Product
 Regions coveredAsia-Pacific, Europe, Middle East and Africa, North America,  Latin America
 Companies CoveredBEUMER GROUP, Daifuku Co., Ltd., Honeywell International, Inc., KION GROUP AG, Mecalux, S.A., Murata Manufacturing Co., Ltd., SSI SCHAEFER, Swisslog Holding AG, TOYOTA INDUSTRIES CORPORATION, Vanderlande Industries B.V., Others.
COVID-19 Impact on Global Material Handling Equipment Market
On the Material Handling Equipment market, the COVID-19 outbreak has had a conflicting effect. On the one hand, many construction and infrastructure projects were delayed or put on hold due to the pandemic. This impacted the demand for material handling equipment used in these projects, such as cranes and heavy lifting equipment. The uncertain business environment and financial constraints forced companies to postpone or scale back their expansion plans. However, the need for contactless operations and reduced physical contact during the pandemic led to increased adoption of contactless technologies in material handling equipment. This trend drove the demand for technologically advanced equipment that prioritized hygiene and safety.

Key Target Audience
  • Airports and Transportation
  • Construction Industry
  • Energy and Utilities
  • Healthcare Sector
  • Logistics and Warehousing
  • Manufacturing Industry
  • Retail and E-commerce
Our in-depth analysis of the Material Handling Equipment Market includes the following segments:
By Equipment Type:
  • Positioning Equipment
  • Storage Equipment
  • Transport Equipment
  • Others
By Medium:
  • Automotive
  • Construction
  • Consumer Goods & Electronics
  • Food & Beverages
  • Mining
  • Pharmaceutical
  • Semiconductors
  • Others
By Product:
  • Cranes & Lifting Equipment
  • Racking & Storage Equipment
Key Topics Covered in the Report
Global Material Handling Equipment Market Size (FY’2023-FY’2033)
Overview of Global Material Handling Equipment Market
Segmentation of Global Material Handling Equipment Market By Equipment Type (Transport Equipment, Positioning Equipment, Storage Equipment, Other Equipment)
Segmentation of Global Material Handling Equipment Market By Industry – (Consumer Goods & Electronics, Automotive, Food & Beverages, Pharmaceutical, Construction, Mining, Semiconductors, Other Industry)
Segmentation of Global Material Handling Equipment Market By Product- (Cranes & Lifting Equipment, Racking & Storage Equipment) 
Statistical Snap of Global Material Handling Equipment Market
Expansion Analysis of Global Material Handling Equipment Market
Problems and Obstacles in Global Material Handling Equipment Market
Competitive Landscape in the Global Material Handling Equipment Market
Impact of COVID-19 and Demonetization on Global Material Handling Equipment Market
Details on Current Investment in Global Material Handling Equipment Market
Competitive Analysis of Global Material Handling Equipment Market
Prominent Players in the Global Material Handling Equipment Market
SWOT Analysis of Global Material Handling Equipment Market
Global Material Handling Equipment Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst

1. Introduction
1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Material Handling Equipment Market

5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces 
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape
6.1. Global Material Handling Equipment Market Manufacturing Base Distribution, Sales Area, Product Type 
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Material Handling Equipment Market

7. Global Material Handling Equipment Market, By Equipment Type (USD Million)
7.1. Global Material Handling Equipment Market Value Share and Forecast, By  Equipment Type, 2023-2033
7.2. Positioning Equipment 
7.3. Storage Equipment 
7.4. Transport Equipment 
7.5. Others

8. Global Material Handling Equipment Market, By Industry (USD Million)
8.1. Global Material Handling Equipment Market Value Share and Forecast, By Industry, 2023-2033
8.2. Automotive 
8.3. Construction
8.4. Consumer Goods & Electronics 
8.5. Food & Beverages 
8.6. Mining
8.7. Pharmaceutical 
8.8. Semiconductors
8.9. Others

9. Global Material Handling Equipment Market, By Product (USD Million)
9.1. Global Material Handling Equipment Market Value Share and Forecast, By Product, 2023-2033
9.2. Cranes & Lifting Equipment
9.3. Racking & Storage Equipment

10. Global Material Handling Equipment Market Forecast, 2019-2033 (USD Million)
10.1. Global Material Handling Equipment Market Size and Market Share

11. Global Material Handling Equipment Market, By Equipment Type, 2019-2033 (USD Million)
11.1. Global Material Handling Equipment Market Size and Market Share By Equipment Type (2019-2026)
11.2. Global Material Handling Equipment Market Size and Market Share By Equipment Type (2027-2033)

12. Global Material Handling Equipment Market, By Industry, 2019-2033 (USD Million)
12.1. Global Material Handling Equipment Market Size and Market Share By Industry (2019-2026)
12.2. Global Material Handling Equipment Market Size and Market Share By Industry (2027-2033)

13. Global Material Handling Equipment Market, By Product, 2019-2033 (USD Million)
13.1. Global Material Handling Equipment Market Size and Market Share By Product (2019-2026)
13.2. Global Material Handling Equipment Market Size and Market Share By Product (2027-2033)

14. Global Material Handling Equipment Market, By Region, 2019-2033 (USD Million)
14.1. Global Material Handling Equipment Market Size and Market Share By Region (2019-2026)
14.2. Global Material Handling Equipment Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia 
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America

15. Company Profile
15.1. BEUMER GROUP 
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary 
15.1.4. Recent developments
15.2. Daifuku Co., Ltd.
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary 
15.2.4. Recent developments
15.3. Honeywell International, Inc. 
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary 
15.3.4. Recent developments
15.4. KION GROUP AG SA (REPSA)
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary 
15.4.4. Recent developments
15.5. Mecalux, S.A.
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary 
15.5.4. Recent developments
15.6. Murata Manufacturing Co., Ltd.
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary 
15.6.4. Recent developments
15.7. SSI SCHAEFER
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary 
15.7.4. Recent developments
15.8. Swisslog Holding AG
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary 
15.8.4. Recent developments
15.9. TOYOTA INDUSTRIES CORPORATION
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary 
15.9.4. Recent developments
15.10. Vanderlande Industries B.V.
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary 
15.10.4. Recent developments
15.11. Others

16. List of Abbreviations

17. Reference Links

18. Conclusion

19. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


Frequently Asked Questions About This Report
Material Handling Equipment Market is projected to reach USD 404.16 billion by 2033, growing at a CAGR of 6.14% during the forecast period.
Material Handling Equipment Market grew in market size from 2022. The Market is expected to reach USD 404.16 billion by 2033, at a CAGR of 6.14% during the forecast period.
Material Handling Equipment Market CAGR of 6.14% during the forecast period.
Material Handling Equipment Market size is USD 404.16 billion from 2023 to 2033.
Material Handling Equipment Market Segment is covered By Equipment Type, By Industry, By Product.
The North America region is anticipated to have the highest market share in the Material Handling Equipment Market.
The key players in the market include Companies Covered BEUMER GROUP, Daifuku Co., Ltd., Honeywell International, Inc., KION GROUP AG, Mecalux, S.A., Murata Manufacturing Co., Ltd., SSI SCHAEFER, Swisslog Holding AG, TOYOTA INDUSTRIES CORPORATION, Vanderlande Industries B.V., Others.
The growing adoption of automation and advanced technologies across a range of industries is one of the primary potential. Automation enables accurate and effective material handling, which lowers labour costs and boosts total production.
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