Market Overview
The global Material Handling Equipment (MHE) Market is experiencing substantial growth, driven by rapid industrial automation, the surge in e-commerce logistics, and increasing investments in infrastructure development. Material handling equipment plays a critical role in improving operational efficiency, reducing human error, and optimizing the flow of goods within manufacturing facilities, warehouses, and distribution centers.
The global material handling equipment market size is expected to reach USD 425.93 billion by 2034, according to a new study by Polaris Market Research. The industry is witnessing robust demand across diverse sectors such as automotive, aerospace, food & beverages, pharmaceuticals, and retail, where equipment such as industrial lifting equipment and intralogistics systems are becoming standard.
Technological advancements—such as automated storage and retrieval systems (AS/RS), AI-enabled robotics, and cloud-based warehouse management solutions—are transforming traditional material handling into an intelligent, automated, and interconnected ecosystem.
Market Segmentation
Material Handling Equipment Market, Equipment Type Outlook (Revenue – USD Billion, 2020-2034)
- Transport Equipment
- Positioning Equipment
- Storage Equipment
- Others
Material Handling Equipment Market, Industry Outlook (Revenue – USD Billion, 2020-2034)
- Consumer Goods & Electronics
- Automotive
- Food & Beverages
- Pharmaceutical
- Construction
- Mining
- Semiconductors
- Others
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Regional Analysis
North America
North America represents one of the most mature markets for material handling equipment, contributing approximately 32% of global revenue in 2024. The U.S. leads due to its advanced warehousing infrastructure, high automation penetration, and a booming e-commerce industry led by giants such as Amazon and Walmart.
Government incentives for industrial modernization and increased focus on worker safety also support the adoption of automated storage and retrieval systems and collaborative robots in logistics operations.
Europe
Europe follows closely, with strong performance in countries like Germany, France, and the UK. The region is a hub for high-precision engineering and manufacturing and has a well-established automotive and aerospace sector, both heavy users of industrial lifting equipment.
EU regulations promoting workplace safety and green energy efficiency standards are also compelling companies to adopt smart and sustainable material handling systems.
Asia-Pacific
Asia-Pacific is the fastest-growing region, projected to expand at a CAGR of 8.3% during the forecast period. China, India, and Japan are key contributors, driven by infrastructure development, growing manufacturing output, and rising labor costs that encourage automation.
China, being a global manufacturing leader, is rapidly deploying intralogistics systems across its industrial base. India, on the other hand, is seeing increased adoption in the logistics and e-commerce sectors, backed by investments from global players such as Flipkart, Reliance Retail, and Amazon India.
Latin America and Middle East & Africa
These regions are in the early stages of material handling automation, but the demand is steadily growing. Brazil, Mexico, the UAE, and South Africa are witnessing infrastructural upgrades and increased industrial activity, making them emerging markets for both conventional and automated equipment.
Logistics companies in these regions are now exploring investments in warehouse management solutions to compete with global standards, especially in urban centers and export hubs.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/material-handling-equipment-market/request-for-sample
Key Companies in the Material Handling Equipment Market
The competitive landscape of the material handling equipment market is marked by the presence of several global giants, regional players, and innovation-driven startups.
1. Toyota Industries Corporation
A global leader in forklifts and warehouse equipment, Toyota Industries dominates in both manual and automated trucks. Their acquisition of Vanderlande strengthened their presence in automated material handling systems.
2. KION Group AG
Headquartered in Germany, KION offers a comprehensive product portfolio under brands like Linde and STILL. Its Dematic subsidiary is a major provider of automated storage and retrieval systems and intralogistics solutions.
3. Jungheinrich AG
Jungheinrich is known for its electric forklift trucks, warehouse technology, and complete intralogistics systems. The company is focusing heavily on lithium-ion technology and robotics to reduce carbon footprint and enhance efficiency.
4. Honeywell Intelligrated
As a part of Honeywell, this division offers fully integrated automation solutions, including robotics, conveyor systems, AS/RS, and warehouse management solutions. Their focus is on scalable and customizable platforms for dynamic warehouse operations.
5. Daifuku Co., Ltd.
A Japanese leader in material handling systems, Daifuku provides customized automation solutions for automotive, semiconductor, and e-commerce industries. The company is expanding its global footprint, especially in APAC and North America.
6. SSI Schaefer
This German company specializes in modular racking systems, automated picking, and material flow systems. SSI Schaefer has been actively developing AI-enabled tools to enhance warehouse intelligence and predictive logistics.
7. BEUMER Group
Focused on baggage handling, intralogistics, and bulk material transport systems, BEUMER is a significant player in both airport and mining logistics. Their strength lies in sustainable and long-distance conveying solutions.
Other key players include:
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Hyster-Yale Materials Handling Inc.
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Mecalux, S.A.
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Swisslog Holding AG
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Interroll Group
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Murata Machinery, Ltd.
Conclusion
The global material handling equipment market is on a strong upward trajectory, reshaped by automation, digitalization, and the urgent need for scalable logistics in an e-commerce-driven world. As traditional warehouses evolve into intelligent distribution hubs, and industries strive for leaner operations, investments in equipment—from industrial lifting equipment to full-fledged automated storage and retrieval systems—are becoming inevitable.
From regional warehouses in developing nations to mega distribution centers in industrialized economies, the demand for smarter, safer, and more efficient material handling is universal. As companies continue to innovate and digitize, the future of the material handling equipment market looks both dynamic and highly competitive.
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