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Material Handling Market Revenue Outlook: What CAGR Is Expected Through 2030?
The material handling market size has shown significant growth in recent years. Its expansion is anticipated to be from $47.51 billion in 2025 to $51.77 billion in 2026, achieving a compound annual growth rate (CAGR) of 9.0%. Historically, this market’s development has been propelled by factors including e-commerce growth, the expansion of industrialization, a heightened demand for efficient logistics, constraints associated with manual material handling, and the scaling up of manufacturing processes.
The material handling market size is set to experience significant expansion over the next few years, with projections indicating it will climb to $72.9 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 8.9%. This anticipated growth throughout the forecast period is primarily driven by warehouse automation investments, the adoption of smart factories, the increasing prevalence of omni-channel distribution, initiatives to alleviate labor shortages, and the growing demand for energy-efficient handling systems. Dominant trends during this forecast timeframe encompass the wider deployment of warehouse automation, a surge in the adoption of AGVs and ASRS, the need for high-throughput logistics systems, the proliferation of smart conveying solutions, and a heightened focus on workplace safety and ergonomics.
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Material Handling Market Expansion Drivers: What Is Shaping Future Growth?
The expanding e-commerce industry is projected to boost the growth of the material handling market going forward. The spread of e-commerce is fueled by widespread smartphone usage and internet access, offering consumers both convenience and diverse product selections. Material handling supports the e-commerce sector by optimizing the movement, storage, and retrieval of items within warehouses, thereby enhancing order fulfillment efficiency and cutting down delivery times for customers. For instance, in May 2024, according to the Census Bureau, a US-based government agent, during the first quarter of 2024, e-commerce sales climbed by 8.5% compared to the same period in 2023, constituting 15.6% of total retail sales, which increased by 2.8% year over year. Therefore, the growth of the e-commerce industry is a key driver for the material handling market.
#Material Handling Market Segment Landscape And Growth Potential
The material handling market covered in this report is segmented –
1) By Type: Automated Guided Vehicles, Automated Storage And Retrieval Systems, Trucks And Lifts, Cranes, Pallet Racking, Conveying Systems, Hoists, Other Types
2) By Operation: Assembly, Distribution, Transportation, Other Operations
3) By End User: Food & Beverages, Automotive, Construction, Consumer Goods & Electronic, Pharmaceuticals, E-Commerce, Other End Users
Subsegments:
1) By Automated Guided Vehicles (AGVs): Tow Vehicles, Unit Load Carriers, Forklift AGVs
2) By Automated Storage and Retrieval Systems (AS/RS): Unit Load AS/RS, Mini Load AS/RS, Micro Load AS/RS
3) By Trucks and Lifts: Forklifts, Pallet Jacks, Order Pickers
4) By Cranes: Overhead Cranes, Gantry Cranes, Jib Cranes
5) By Pallet Racking: Selective Pallet Racking, Drive-In/Drive-Through Racking, Push Back Racking
6) By Conveying Systems: Belt Conveyors, Roller Conveyors, Chain Conveyors
7) By Hoists: Electric Hoists, Manual Hoists, Pneumatic Hoists
8) By Other Types: Packaging Equipment, Scissor Lifts, Dock Equipment
Material Handling Market Industry Trends Shaping Future Revenue Growth
Major companies in the material handling market are increasingly focusing on launching innovative products and expanding their portfolio of material handling products and solutions to secure a competitive advantage. These advanced solutions within the material handling industry aim to provide superior efficiency, greater versatility, and leading performance that prioritize operator well-being. For example, in May 2023, Toyota Material Handling (TMH), a US-based producer and supplier of forklifts and tow tractors, introduced the Side-Entry End Rider, a Center Rider Stacker, and an Industrial Tow Tractor. These three new electric forklift types offer customers access to cutting-edge adaptability, enhanced efficiency, and top-tier performance, with a primary focus on operator comfort. The new electric Side-Entry End Rider, available in 6,000- and 8,000-pound configurations, is ideal for order picking and movement across warehouses. Its various features, including an automatic parking brake and standard power steering, boost uptime while reducing energy usage. The new electric Center Rider Stacker’s ingenious three-in-one concept ensures maximum adaptability by combining the functions of a center rider, an order picker, and a counterbalanced forklift. The new electric industrial tow tractor features a remarkable towing capacity of 15,000 pounds on level ground and comes equipped with standard electric power steering, providing operators with smooth driving, improved ergonomics, and unmatched control.
Material Handling Market Competitive Landscape: Who Are The Leading Companies?
Major companies operating in the material handling market are Mitsubishi Logisnext Co.Ltd., Komatsu Ltd., Toyota Industries Corporation, Liebherr Group, Doosan Corporation, Kion Group AG, Jungheinrich AG, Crown Equipment Corporation, Daifuku Co. Ltd., Cascade Corporation, Hyster-Yale-Materials Handling, Dematic Group, Manitou Group, Hangcha Group Co. Ltd., SSI Schaefer Systems International, Hoist Liftruck Mfg. Inc., Anhui Heli Co. Ltd., Clark Material Handling Company, Columbus McKinnon Corporation, Raymond Corporation, Bastian Solutions LLC, Eisenmann AG, Godrej & Boyce Manufacturing Co. Ltd., Hytrol Conveyor Co., Combilift Ltd., Viastore Systems, Schaefer Systems International Pvt. Ltd., EMH Inc., Beumer Group, KUKA AG, AGV International, TGW Logistics Group, Interroll Group
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Material Handling Market Largest Region By Revenue And Market Share
Asia-Pacific was the largest region in the material handling market in 2025. Western Europe was the second-largest region in the global material handling market share. The regions covered in the material handling market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.