Certified Global Research Member

Key Questions Answered

Global Market Outlook
In-depth analysis of global and regional trends
Analyze and identify the major players in the market, their market share, key developments, etc.
To understand the capability of the major players based on products offered, financials, and strategies.
Identify disrupting products, companies, and trends.
To identify opportunities in the market.
Analyze the key challenges in the market.
Analyze the regional penetration of players, products, and services in the market.
Comparison of major playersâ€™ financial performance.
Evaluate strategies adopted by major players.
Recommendations

Why Choose Market Research Future?

Vigorous research methodologies for specific market.
Knowledge partners across the globe
Large network of partner consultants.
Ever-increasing/ Escalating data base with quarterly monitoring of various markets
Trusted by fortune 500 companies/startups/ universities/organizations
Large database of 5000+ markets reports.
Effective and prompt pre- and post-sales support.

Material Handling Equipment Market Share

ID: MRFR//2323-HCR | 111 Pages | Author: Snehal Singh| December 2024

In the dynamic Global Material Handling Equipment Market, companies deploy various market share positioning strategies to establish themselves and gain a competitive advantage. One prevalent strategy is differentiation, where companies emphasize unique features or applications of their material handling equipment. This may include highlighting characteristics such as automation capabilities, advanced safety features, or specific adaptations for various industries like manufacturing, logistics, or e-commerce. By showcasing these distinctive attributes, companies aim to stand out in the market and attract customers seeking innovative and efficient material handling solutions for their specific needs.

Similarly, the vendors and manufacturers of the material handling equipment are enabling the connectivity of the equipment, which has provided greater visibility and information sharing facility. The sharing of the real-time status gives the business operators to have a clearer view throughout. Moreover, the growth of the e-commerce sector in recent times is also driving the overall growth of the material handling equipment industry.

Cost leadership is another significant strategy within the Global Material Handling Equipment Market. Companies focus on optimizing manufacturing processes, negotiating favorable raw material prices, and achieving economies of scale to become low-cost providers. By offering competitive prices for material handling equipment, companies adopting this strategy aim to appeal to cost-conscious businesses, warehouses, and distribution centers, gaining a competitive edge in the market. Cost leadership not only helps attract customers but also acts as a barrier for potential competitors trying to match the affordability of material handling products.

Market segmentation plays a pivotal role in the Global Material Handling Equipment Market, involving the customization of equipment to meet the specific needs of different industries and applications. Companies analyze the varied requirements in sectors such as food and beverage, automotive, or pharmaceuticals. They then tailor their material handling solutions, including conveyor systems, forklifts, or automated guided vehicles, to address these specific needs effectively. This strategy enables companies to penetrate various market segments and build a robust presence in each, thereby expanding their overall market share.

Innovation is a key driver in market share positioning within the Global Material Handling Equipment Market. Companies invest in research and development to introduce new technologies, improve automation capabilities, or address sustainability concerns. By staying at the forefront of technological advancements, companies position themselves as leaders, attracting customers seeking advanced material handling solutions that meet evolving industry standards and environmental considerations. This innovation-driven strategy allows companies to differentiate themselves and stay ahead of the competition.

Strategic collaborations and partnerships are gaining prominence in the Global Material Handling Equipment Market's market share positioning. Companies form alliances with logistics providers, manufacturers, or technology firms to enhance their market presence. Collaborations can lead to improved integration of material handling systems, access to new markets, and shared expertise on emerging industry trends. By leveraging the strengths of their partners, companies strategically position themselves for sustained growth and an increased market share.

Geographical expansion is a notable strategy in the Global Material Handling Equipment Market. Companies identify and enter untapped markets, either domestically or internationally, to broaden their customer base. This involves understanding regional logistics needs, adapting products to local specifications, and navigating diverse regulatory landscapes. By expanding their geographical reach, companies can capitalize on diverse market opportunities and establish themselves as key players in the global material handling equipment market, enhancing their overall market share.

Covered Aspects:

Report Attribute/Metric	Details
Base Year For Estimation	2023
Forecast Period	2024-2032
Growth Rate	5.07% (2024-2032)

Material Handling Equipment Market Highlights:

Material Handling Equipment Market Trends

Material Handling Equipment Market Analysis

Material Handling Equipment Market Share

Material Handling Equipment Companies

Global Material Handling Equipment Market Overview

The Material Handling Equipment Market Size was valued at USD 2,16,946.9 Million in 2023. The Material Handling Equipment industry is projected to grow from USD 2,27,468.8 Million in 2024 to USD 3,37,998.7 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.07% during the forecast period (2024 - 2032). This market has undergone a technological boom, from conveyor belts to driverless forklifts. As the usage of robots grows, more automation will be used across the supply chain. This automation will significantly influence many parts of the supply chain, including personnel and warehouse management strategies as well as quick processing. Hence, the rising process automation further contributes to the material handling equipment market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Material Handling Equipment Market Trends

Increasing E-Commerce and Logistics Industries to Bolster the Market.

Customization is at an all-time high as online shopping happens at a quicker rate than ever before. Customized systems and mining equipment will become more common, assisting the industry's growth even though a slight drop in demand in industrial use cases in 2020 and enormous development in the e-commerce market have aided the MHE industry's growth despite the pandemic. During the worldwide lockdowns, there was a healthy demand for grocery delivery and distribution, giving manufacturers higher expectations.

Additionally, the e-commerce industry is flourishing worldwide, which necessitates a lot of automation. Amazon, Walmart, and other large retailers are gradually introducing automated technology into their operations to make them more precise, efficient, secure, and cost-effective. Apart from that, the improvement of the manufacturing industry is a major factor in developing the market of material handling equipment.

Material Handling Equipment Market Segment Insights

Material Handling Equipment Type Insights

The Material Handling Equipment market segmentation, based on Type, includes transport equipment, positioning equipment, storage equipment, and others (unit load formation equipment, identification, and control equipment. The transport equipment segment is anticipated to hold the highest CAGR during the forecast period. It is owing to its utilization of transferring material from one site to another (for example, from a loading dock to a storage facility). This type of equipment is used to handle material in a single spot. Conveyors, cranes, industrial trucks & others (hoppers, reclaimers) are some of the major pieces of equipment that are being widely used across various industries.

Material Handling Equipment Industry Insights

Based on Industry, the Material Handling Equipment market segmentation includes automotive, consumer goods & electronics, pharmaceuticals, food & beverages, mining, construction, semiconductors, and others. The construction industry is booming due to significant building and restructuring initiatives in both developed and emerging economies. Furthermore, government initiatives for infrastructure development and enormous investment in the real estate industry are helping to drive the market ahead.

Figure 2: Material Handling Equipment Market, by Type, 2023 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Material Handling Equipment Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. the Asia-pacific region is expected to dominate the overall growth of the material handling equipment industry with a healthy CAGR of 9.7% during the forecast period. This is due to the increasing demand in the automotive, manufacturing, and other significant end-user industries. The countries such as South Korea, China, and Taiwan are increasingly adopting modern material handling methods in recent years to cater to the increasing production services.

Figure 3: MATERIAL HANDLING EQUIPMENT MARKET SHARE BY REGION 2023 (%)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

North America is also expected to have substantial growth in material handling equipment which is due to the increasing sales across the region due to the e-commerce industry. The increasing growth of durable and non-durable goods is propelling the overall growth of the material-handling equipment industry. Moreover, North America is adopting automated warehouse practices across the region is fuelling the overall growth of the material handling equipment industry.

Material Handling Equipment Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Material Handling Equipment market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Material Handling Equipment industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Material Handling Equipment. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Material Handling Equipment industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Material Handling Equipment industry to benefit customers and expand the market sector. The Material Handling Equipment market has recently given medicine some of the most important advantages. Major Material Handling Equipment market players, including Liebherr Group (Switzerland), KION Group AG (Germany), Jungheinrich AG (Germany), and others, are attempting to increase market demand by funding R&D initiatives.

Liebherr Group (also known as Liebherr-International Deutschland) is a company that manufactures construction and mining equipment. It offers earthmoving machinery and material handlers, cranes, aerospace and transportation systems, machine tools, automation systems, and other machinery. The company also provides renting construction machines, fleet management systems, procurement, and logistics services.

Also, KION Group is a company that manufactures material handling equipment. Its products include industrial trucks, forklifts, towing vehicles, conveyors, sorters, palletizers, etc. The company offers maintenance and supply chain solutions to e-commerce, third-party logistics, and supermarkets.

List of the Key Companies in the Material Handling Equipment market include

Liebherr Group (Switzerland)

KION Group AG (Germany)

Jungheinrich AG (Germany)

Viastore Systems GmbH (Germany)

Eisenmann AG (Germany)

Columbus McKinnon Corporation (U.S.)

Crown Equipment Corporation (U.S.)

Hytrol Conveyor Co., Inc. (U.S.)

Xuzhou Heavy Machinery Co., Ltd. (China)

Toyota Industries Corporation (Japan).

Material Handling Equipment Industry Developments

March 2022, Toyota Industries announced the acquisition of via store, a Germany-Based logistics system integrator, to strengthen the materials handling equipment and software business.

September 2023: Daifuku Acquires Wynright Corporation to Expand North American Presence: Daifuku, a leading global provider of material handling solutions, acquired Wynright Corporation, a leading provider of intelligent material handling systems in North America. The acquisition will expand Daifuku's presence in North America and strengthen its position as a leading provider of material handling solutions worldwide.

September 2023: Crown Equipment Introduces New Forklift with Enhanced Safety Features: Crown Equipment Corporation, one of the world's largest material handling companies, introduced a new forklift with enhanced safety features. The new forklift is designed to help prevent accidents and injuries, and is equipped with a variety of innovative safety technologies.

Material Handling Equipment Market Segmentation

Material Handling Equipment Type Outlook

Transport Equipment

Positioning Equipment

Storage Equipment

Others

Material Handling Equipment Industry Outlook

Consumer Goods & Electronics

Automotive

Food & Beverages

Pharmaceutical

Construction

Mining

Semiconductors

Others

Material Handling Equipment Regional Outlook

North America
- US
- Canada

Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe

Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific

Rest of the World
- Middle East
- Africa
- Latin America

Material Handling Equipment Companies

Leading companies partner with us for data-driven Insights

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
	Single User	$ 4,950
	Multiuser License	$ 5,950
	Enterprise User	$ 7,250
Compare Licenses

Tailored for You

Dedicated Research on any specifics segment or region.
Focused Research on specific players in the market.
Custom Report based only on your requirements.
Flexibility to add or subtract any chapter in the study.
Historic data from 2014 and forecasts outlook till 2040.
Flexibility of providing data/insights in formats (PDF, PPT, Excel).
Provide cross segmentation in applicable scenario/markets.

FEATURES	LICENCE TYPE
FEATURES	Single User	Multiuser Licence	Enterprise User
Price	$ 4,950	$ 5,950	$ 7,250
Maximum User Access Limit	1 User	Upto 10 Users	Unrestricted Access Throughout The Organization.
Free Customization
Direct access to the Analyst
Deliverable Format
Deliverable Format
Platform Access
Discount on Your Next Purchase	10%	15%	10%
Printable Versions