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Material Handling Equipment Market Size, Value And Growth Trajectory Through 2030
The material handling equipment market size has experienced robust growth in recent years. It is forecast to expand from $215.97 billion in 2025 to $230.44 billion in 2026, with a compound annual growth rate (CAGR) of 6.7%. This historic expansion can be attributed to factors such as manufacturing capacity expansion, warehouse modernization, increased forklift penetration, retail logistics demand, and industrial safety requirements.
The material handling equipment market size is projected to experience robust expansion over the coming years. It is anticipated to reach $298.08 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.6%. This expected increase during the forecast period is due to factors such as e-commerce warehouse investments, the adoption of smart logistics, the electrification of industrial trucks, the rising demand for high-density storage, and increased automation in distribution centers. Key developments anticipated in this period encompass a heightened demand for automated industrial trucks, the broadening of racking and storage systems, the progression of continuous handling equipment, the incorporation of smart sensors, and an emphasis on energy-efficient equipment.
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Material Handling Equipment Market Growth Catalysts And Demand Drivers
The material handling equipment market is anticipated to expand due to the increasing integration of automated solutions and robotics. These technologies apply advanced systems to execute tasks and operations independently of human involvement, thereby optimizing processes and boosting efficiency across diverse sectors. Material-handling equipment is crucial for automated solutions and robotics, facilitating effective transportation, sorting, and distribution, owing to its precision, rapid operation, and capacity for accurate execution of recurring tasks. For example, in September 2024, the International Federation of Robotics (IFR), a non-profit organization based in Germany, announced that worldwide industrial robotics installations totaled 4.28 million units in 2023, marking a 10% rise from 3.9 million units in 2022. Consequently, this growing adoption of automated solutions will stimulate expansion in the material-handling equipment market.
Material Handling Equipment Market Segment Performance And Emerging Opportunities
The material handling equipment market covered in this report is segmented –
1) By Product Type: Cranes And Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking And Storage Equipment
2) By Operation Type: Manual Material Handling Equipment, Semi-Automated Material Handling Equipment, Automated Material Handling Equipment
3) By Application: Transportation And Conveying, Storage And Warehousing, Picking And Sorting, Loading And Unloading, Assembly Line Handling
4) By End-User Industry: Automotive, Food And Beverages, Chemical, Semiconductor And Electronics, E-commerce And Logistics, Aviation, Pharmaceutical, Other End-User Industries
Subsegments:
1) By Cranes And Lifting Equipment: Overhead Cranes, Gantry Cranes, Jib Cranes, Mobile Cranes, Hoists And Winches
2) By Industrial Trucks: Forklift Trucks, Pallet Trucks, Reach Trucks, Tow Tractors, Automated Guided Vehicles (AGVs)
3) By Continuous Handling Equipment: Belt Conveyors, Roller Conveyors, Chain Conveyors, Bucket Elevators, Sortation Systems
4) By Racking And Storage Equipment: Selective Pallet Racking, Drive-In And Drive-Through Racking, Cantilever Racking, Mobile Racking Systems, Automated Storage And Retrieval Systems (ASRS)
Material Handling Equipment Market Industry Trends: What’s Reshaping Demand?
Leading companies in the material handling equipment market are prioritizing product enhancements, such as automated pallet tracking, which offers real-time visibility into inventory and optimizes warehouse workflows to boost output and operational efficiency. Automated pallet tracking is a technology-driven system that automatically monitors and records the movement and location of pallets within a warehouse or distribution center, removing the necessity for manual scanning or human involvement. For example, in March 2025, Gather AI, a U.S.-based firm specializing in warehouse automation and artificial intelligence solutions for inventory visibility and material-handling optimization, introduced MHE Vision. This artificial intelligence-powered camera system is engineered to enhance warehouse throughput by providing automated, real-time tracking of pallets and material-handling equipment. The system integrates high-resolution cameras mounted on forklifts and automated pickers, along with artificial intelligence-powered analytics, to capture and interpret inventory movements, observe slot utilization, detect damaged or misplaced goods, and deliver actionable insights for optimizing workflows. Furthermore, the system supports plug-and-play deployment without requiring new infrastructure, ensuring its compatibility with existing warehouse configurations and various types of material-handling equipment.
Material Handling Equipment Market Key Players: Which Companies Lead Industry Competition?
Major companies operating in the material handling equipment market are Beumer Group GmbH And Co. KG, Daifuku Co. Limited, KION Group AG, Toyota Industries Corporation, Honeywell International Incorporated, SSI Schäfer Group GmbH, Jungheinrich AG, Crown Equipment Corporation, Hyster-Yale Materials Handling Incorporated, Mitsubishi Caterpillar Forklift America Incorporated, Mecalux S.A., Liebherr Group, Swisslog Holding AG, Action Construction Equipment Limited, TGW Logistics Group GmbH, Viastore Systems GmbH, WITRON Logistik And Informatik GmbH, Cimcorp Automation Limited, Columbus McKinnon Corporation, Elettric80 S.p.A., Hanel GmbH And Co. KG, Hapman LLC, Hytrol Conveyor Company Incorporated, Jervis B. Webb Company, KITO Corporation, KNAPP AG
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Material Handling Equipment Market Regional Split: Which Areas Are Fueling Growth?
Asia-Pacific was the largest region in the material handling equipment market share in 2025. The regions covered in the material handling equipment 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.
