Material Handling Equipment Market (By Product: Storage and Handling Equipment, Automated Storage and Retrieval System, Industrial Trucks, Bulk Material Handling Equipment, Others; By End Use: Automotive, Food & Beverages, Chemical, Semiconductor & Electronics, E-commerce, Aviation, Pharmaceutical, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 - 2030

The global material handling equipment market was estimated at USD 27 billion in 2021 and is expected to reach USD 46.38 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 7.5% during the forecast period 2022 to 2030.

Growth Factors:

Rapid industrialization and increased demand for automation in material handling equipment will drive market growth over the forecast period. Further, an upsurge in e-commerce growth worldwide will also act as a catalyst for future market growth. However, the lack of a skilled workforce to operate automated system functions may limit adoption to a certain extent.

The COVID-19 pandemic forced several companies to operate with a limited workforce. Therefore, the demand for automated systems/equipment witnessed an uptick in 2020, a trend expected to continue over the next few years. Although the overall product demand witnessed a decline, the pandemic offered avenues for vendors to focus on encouraging the adoption of automated/robot-operated material handling systems. The year 2020 also witnessed an increased demand for battery-powered trucks to meet the growing demand that stemmed from a surge in e-commerce growth.

The surge in need for transparent supply chain processes and demand for a sophisticated system that offers flexible task operation in warehouses are presumed to be propelling factors for the material equipment market growth. The adoption of sophisticated automation systems, such as automated storage and retrieval systems, is increasingly used in warehouses for the easy storage and retrieval of raw materials and finished goods.

Plus, forklifts and electrical trucks find broad applications in the pharmaceutical and robot delivery systems in the food and beverage industry. In contrast, conveyors find applications in baggage transport systems at airports. Therefore, the expansion of the aviation industry worldwide will drive the demand for conveyor systems, which may contribute to market growth over the forecast period.

Report Scope of the Material Handling Equipment Market

Report Highlights

Details

Market Size

USD 46.38 Billion by 2030

Growth Rate

CAGR of 7.5% from 2022 to 2030

Largest Market

Europe

Fastest Growing Market

Asia Pacific

Base Year

2021

Forecast Period

2022 to 2030

Segments Covered

Product, End User, Region

Companies Mentioned

BEUMER Group; Daifuku Co., Ltd.; Honeywell International Inc.; Kion Group AG; Mecalux, S.A; Murata Machinery Ltd.; SSI Schaefer AG; Swisslog Holding AG; Toyota Material Handling Group; and Vanderlande Industries B.V.

Product Insights

The industrial trucks segment dominated the market and accounted for the largest revenue share of over 32.4% in 2021 and is estimated to witness steady growth over the forecast period. These trucks are a preferred choice due to their wide area of application in an industrial setting. Transport of heavy containers or crates in several end-use markets is undertaken using industrial trucks, thereby contributing to a larger market share. As logistic companies move towards adopting sustainable products, the demand for battery-operated trucks will gain traction over the forecast period. Although the COVID-19 pandemic hindered the sales in 2020, the market may reach pre-COVID levels by 2022, registering a CAGR exceeding 8.0% over the next seven years.

The automated storage and retrieval system segment accounted for a significant revenue share of 30.7% in 2020. This growth is attributed to warehouses enforcing social distancing amid the COVID-19 pandemic. These systems were preferred during the period as they promoted efficiency and aligned with the social distancing norms. Over the forecast period, investments in automated equipment will increase, creating lucrative opportunities in the market for material handling equipment. The automated storage-retrieval systems segment is estimated to register a CAGR exceeding 9.2% from 2022to 2030, slightly higher than the global average.

End-use Insights

The e-commerce sector dominated the market for material handling equipment and accounted for the largest revenue share of 24.2% in 2021. A sudden demand for distribution as well as delivery of essential goods including grocery items amidst the lockdown restrictions favored market growth. The impact of coronavirus will not be a short-term boost and will have a long-term impact on the industry demand creating opportunities for vendors operating in the market for material handling equipment. The demand for material handling equipment in the e-commerce sector is estimated to cross USD 14.0 billion by 2030. 

In addition to the pandemic, the retail industry has always shown opportunities for massive gains, a trend that will continue over the long run, ease of online shopping has encouraged retailers to build micro-fulfillment centers that facilitate speedy product deliveries contributing to the demand for material handling equipment.

Followed by the e-commerce sector, the automotive segment accounted for a significant revenue share in the market for material handling equipment in 2021. The segment is anticipated to account for more than USD 7.0 billion by 2030. AGVs or automated guided vehicles are a preferred choice among auto vendors ascribed to the autonomy they offer while handling daily operations.

Regional Insights

Europe dominated the market for material handling equipment and accounted for the largest revenue share of 36.1% in 2021. Adoption of advanced products to support a large-scale industrial presence in the region will favor market growth. Europe has many industries ranging from food and beverage to electronics manufacturing, providing sales opportunities. In addition to industrial markets, the e-commerce sector driven by same-day delivery models has also contributed to the regional demand in 2021, a trend expected to continue over the next few years.

In the Asia Pacific, the material handling equipment market is estimated to witness a CAGR of 10.7% during the forecast period. Economies including China and India are anticipated to offer ample opportunities, subsequently helping OEMs reach broader end-user markets. The regional growth was driven mainly by the rapid uptake of e-commerce services amid the pandemic, favoring equipment sales.

Some of the prominent players in the Material Handling Equipment Market include:

  • BEUMER Group
  • Daifuku Co., Ltd.
  • Honeywell International Inc.
  • Kion Group AG
  • Mecalux, S.A
  • Murata Machinery Ltd.
  • SSI Schaefer AG
  • Swisslog Holding AG
  • Toyota Material Handling Group
  • Vanderlande Industries B.V

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

By Product

  • Storage and Handling Equipment
  • Automated Storage and Retrieval System
  • Industrial Trucks
  • Bulk Material Handling Equipment
  • Others

By End Use

  • Automotive
  • Food & Beverages
  • Chemical
  • Semiconductor & Electronics
  • E-commerce
  • Aviation
  • Pharmaceutical
  • Others

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Key Points Covered in Material Handling Equipment Market Study:

  • Growth of Material Handling Equipment in 2022
  • Market Estimates and Forecasts (2017-2030)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Material Handling Equipment and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Material Handling Equipment Consumption Analysis
  •  Material Handling Equipment Production Analysis
  •  Material Handling Equipment and Management

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Material Handling Equipment Market 

5.1. COVID-19 Landscape: Material Handling Equipment Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Material Handling Equipment Market, By Product

8.1. Material Handling Equipment Market, by Product Type, 2021-2030

8.1.1. Storage and Handling Equipment

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Automated Storage and Retrieval System

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Industrial Trucks

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Bulk Material Handling Equipment

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Material Handling Equipment Market, By End Use

9.1. Material Handling Equipment Market, by End Use, 2021-2030

9.1.1. Automotive

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Food & Beverages

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Chemical

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Semiconductor & Electronics

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. E-commerce

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Aviation

9.1.6.1. Market Revenue and Forecast (2019-2030)

9.1.7. Pharmaceutical

9.1.7.1. Market Revenue and Forecast (2019-2030)

9.1.8. Others

9.1.8.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Material Handling Equipment Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.2. Market Revenue and Forecast, by End Use (2019-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.3.2. Market Revenue and Forecast, by End Use (2019-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.4.2. Market Revenue and Forecast, by End Use (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.2. Market Revenue and Forecast, by End Use (2019-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.3.2. Market Revenue and Forecast, by End Use (2019-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.4.2. Market Revenue and Forecast, by End Use (2019-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.5.2. Market Revenue and Forecast, by End Use (2019-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.6.2. Market Revenue and Forecast, by End Use (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.2. Market Revenue and Forecast, by End Use (2019-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.3.2. Market Revenue and Forecast, by End Use (2019-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.4.2. Market Revenue and Forecast, by End Use (2019-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.5.2. Market Revenue and Forecast, by End Use (2019-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.6.2. Market Revenue and Forecast, by End Use (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.2. Market Revenue and Forecast, by End Use (2019-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.3.2. Market Revenue and Forecast, by End Use (2019-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.4.2. Market Revenue and Forecast, by End Use (2019-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.5.2. Market Revenue and Forecast, by End Use (2019-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.6.2. Market Revenue and Forecast, by End Use (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.2. Market Revenue and Forecast, by End Use (2019-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.3.2. Market Revenue and Forecast, by End Use (2019-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.4.2. Market Revenue and Forecast, by End Use (2019-2030)

Chapter 11. Company Profiles

11.1. BEUMER Group

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Daifuku Co., Ltd.

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Honeywell International Inc.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Kion Group AG

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Mecalux, S.A

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Murata Machinery Ltd.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. SSI Schaefer AG

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Swisslog Holding AG

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Toyota Material Handling Group

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Vanderlande Industries B.V.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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