Material Handling Equipment Market Size Worth $338.65 Billion By 2032 | CAGR: 5.4%

The global material handling equipment market size is expected to reach USD 338.65 billion by 2032, according to a new study by Polaris Market Research. The report “Material Handling Equipment Market Share, Size, Trends, Industry Analysis Report, By Type (Storage & Handling Equipment, Industrial Trucks, Bulk Material Handling Equipment, Others); By Application; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The material handling equipment market has experienced a technological revolution, with the development of various automated systems such as conveyor belts and driverless forklifts. As the use of robots continues to increase, the adoption of automation in the supply chain is set to expand significantly. This automation will profoundly impact various aspects of the supply chain, such as personnel management, warehouse management strategies, and expedited processing. As a result, the growing trend of process automation is expected to contribute significantly to the growth of the material-handling equipment market.

The market is expected to experience growth in the near future due to the high demand for automation and the rapid industrialization of various sectors. However, the initial outbreak of the COVID-19 pandemic negatively affected the warehousing industry, with the movement of non-essential products coming to a near halt. The market for material handling equipment also suffered during the early stages of the pandemic, with sales dropping sharply due to labor shortages worldwide and a significant decrease in demand.

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The material handling equipment market is experiencing several significant trends, including a shift towards automation through the use of robots and other automated systems in different supply chain stages. Integrating IoT and AI technologies is also becoming more common, allowing for better tracking and optimizing equipment usage. A growing emphasis on sustainability leads to the development of more environmentally friendly solutions such as electric or hybrid-powered equipment and sustainable packaging materials. Customization and flexibility are becoming increasingly important as customers seek material handling solutions tailored to their needs.

The growing e-commerce industry is driving demand for equipment that can handle high volumes of small orders and easily integrate with e-commerce platforms. Safety remains a top priority, with a trend towards integrating advanced safety features such as collision detection and prevention systems and emergency stop buttons.

Material Handling Equipment Market Report Highlights

• Storage & handling equipment segment hold the largest share of the market. Due to it consist of various equipment for storing and handling goods such as pallet racks, shelving units, automated storage, lift trucks and conveyor systems.
• Pharmaceutical segment is expected to hold the significant CAGR over the projected period. Due to prevalence of various diseases and rising demand for various drugs so there is need for storage handling which provides by storage and material equipment solution to address this challenge.
• Asia Pacific region held the highest CAGR and will continue its significant growth during the forecast period. Rising in the development in various countries such as India, China, and other APAC countries in this region requires the solution for material handling in manufacturing, automotive, pharmaceutical and other sectors.
• The global key market players include Vanderlande Industries B.V.; Daifuku Co., Ltd.; Honeywell International, Inc.; BEUMER GROUP; Crown Equipment, KION GROUP AG; Swisslog Holding AG; Mecalux, S.A.; Murata Manufacturing Co., Ltd.; SSI SCHAEFER; TOYOTA INDUSTRIES CORPORATION and Intelligrated Systems Inc,

Polaris Market Research has segmented the Material Handling Equipment market report based on type, application, end-use, and region:

Material Handling Equipment, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Storage & Handling Equipment
• Industrial Trucks
• Bulk Material Handling Equipment
• Others

Material Handling Equipment, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Assembly
• Storage
• Packaging
• Transportation
• Others

Material Handling Equipment, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Automotive
• Electronics
• Chemical
• Pharmaceutical
• Aviation
• Others

Material Handling Equipment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Material Handling Equipment Market Report Scope