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US Cargo Handling Equipment Market

ID: MRFR/PCM/18689-HCR
111 Pages
Snehal Singh
February 2026

US Cargo Handling Equipment Market Research Report By Equipment Type (Forklifts, Cranes, Conveyors, Pallet Trucks, Automated Guided Vehicles), By End Use Industry (Manufacturing, Logistics, Retail, Construction, Shipping), By Propulsion Type (Internal Combustion Engine, Electric, Hybrid, Manual, Hydraulic) and By Load Capacity (Light Duty, Medium Duty, Heavy Duty, Extra Heavy Duty) - Forecast to 2035

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US Cargo Handling Equipment Market Summary

As per Market Research Future analysis, the US cargo handling market size was estimated at 4554.0 USD Million in 2024. The US cargo handling-equipment market is projected to grow from 4769.4 USD Million in 2025 to 7571.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.7% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The US The cargo handling market is undergoing a transformative shift towards automation and sustainability.

  • Automation and robotics integration is reshaping operational efficiencies in the cargo handling-equipment sector.
  • Sustainability and eco-friendly solutions are becoming increasingly prioritized by manufacturers and consumers alike.
  • E-commerce continues to drive demand for advanced cargo handling solutions, particularly in the warehousing segment.
  • Technological advancements in equipment and the growth of warehousing and distribution centers are key drivers of market expansion.

Market Size & Forecast

2024 Market Size 4554.0 (USD Million)
2035 Market Size 7571.0 (USD Million)
CAGR (2025 - 2035) 4.73%

Major Players

Konecranes (FI), Cargotec (FI), Crown Equipment Corporation (US), Toyota Industries Corporation (JP), Hyster-Yale Materials Handling, Inc. (US), Jungheinrich AG (DE), Mitsubishi Logisnext Co., Ltd. (JP), Doosan Industrial Vehicle (KR), Clark Material Handling Company (US)

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US Cargo Handling Equipment Market Trends

The cargo handling market is currently in a dynamic phase characterized by technological advancements. Evolving consumer demands are also influencing this market. Innovations in automation and robotics are reshaping operational efficiencies, allowing for faster and more accurate handling of goods. This shift is driven by the need for increased productivity and reduced labor costs, which are critical in a competitive landscape. Furthermore, sustainability initiatives are gaining traction, prompting manufacturers to develop eco-friendly equipment that minimizes environmental impact. As regulations tighten, companies are likely to invest in greener technologies to comply with new standards. In addition, the ongoing expansion of e-commerce is influencing the cargo handling-equipment market significantly. The rise in online shopping has led to increased demand for efficient logistics and warehousing solutions. Consequently, businesses are seeking advanced equipment that can handle higher volumes and improve supply chain responsiveness. This trend suggests a potential shift towards integrated systems that combine various handling solutions, enhancing overall operational capabilities. As the market evolves, stakeholders must remain agile to adapt to these changes and leverage emerging opportunities.

Automation and Robotics Integration

The integration of automation and robotics in the cargo handling-equipment market is transforming traditional operations. Automated systems enhance efficiency by reducing manual labor and minimizing errors. This trend is likely to continue as companies seek to optimize their processes and improve throughput.

Sustainability and Eco-Friendly Solutions

Sustainability is becoming a focal point in the cargo handling-equipment market. Manufacturers are increasingly developing eco-friendly equipment that aligns with environmental regulations. This shift not only addresses compliance but also appeals to environmentally conscious consumers.

E-Commerce Driven Demand

The surge in e-commerce is significantly impacting the cargo handling-equipment market. As online shopping continues to grow, there is a heightened need for efficient logistics solutions. Businesses are investing in advanced equipment to manage increased volumes and enhance supply chain agility.

US Cargo Handling Equipment Market Drivers

Increasing Trade Activities

The cargo handling-equipment market is significantly influenced by the increasing trade activities within the United States. As trade volumes expand, the need for efficient cargo handling solutions becomes paramount. In 2025, the U.S. is expected to see a trade growth rate of around 5%, which will directly impact the demand for cargo handling equipment. Ports and warehouses are under pressure to enhance their operational capabilities to accommodate this growth. Consequently, investments in modern cargo handling technologies are likely to surge, as businesses strive to improve throughput and reduce turnaround times. This trend suggests a favorable environment for the cargo handling-equipment market, as stakeholders seek to capitalize on the growing trade landscape.

Focus on Supply Chain Resilience

The cargo handling-equipment market is increasingly influenced by the focus on supply chain resilience. In light of recent disruptions, companies are prioritizing the enhancement of their supply chains to withstand future challenges. This shift is leading to a greater investment in robust cargo handling solutions that can adapt to varying demands. In 2025, the market is anticipated to grow by approximately 5%, as businesses seek to implement flexible and scalable equipment. The emphasis on resilience is driving innovation in the industry, with companies exploring advanced technologies that facilitate rapid adjustments to changing market conditions. This trend suggests a proactive approach to supply chain management, which is likely to bolster the cargo handling-equipment market.

Technological Advancements in Equipment

The cargo handling-equipment market is experiencing a notable transformation due to rapid technological advancements. Innovations such as automated guided vehicles (AGVs) and advanced material handling systems are enhancing operational efficiency. In 2025, the market is projected to grow by approximately 8% annually, driven by the adoption of smart technologies. These advancements not only streamline processes but also reduce labor costs, making operations more cost-effective. Furthermore, the integration of IoT devices allows for real-time tracking and monitoring of cargo, which is becoming increasingly essential in logistics. As companies seek to optimize their supply chains, the demand for technologically advanced cargo handling equipment is likely to rise, indicating a robust growth trajectory for the industry.

Regulatory Compliance and Safety Standards

Stringent regulatory compliance and safety standards are increasingly shaping the cargo handling market. In the U.S., regulations governing workplace safety and environmental impact are becoming more rigorous. Companies are compelled to invest in equipment that meets these standards, which often entails upgrading to newer, safer technologies. The market is projected to grow by approximately 6% in 2025, as businesses prioritize compliance to avoid penalties and enhance operational safety. This focus on safety not only protects workers but also improves overall efficiency, as compliant equipment often features advanced safety mechanisms. Thus, adherence to regulatory requirements is likely to drive demand for innovative cargo handling solutions in the industry.

Growth of Warehousing and Distribution Centers

The cargo handling-equipment market is benefiting from the rapid growth of warehousing and distribution centers across the United States. As e-commerce continues to expand, the demand for efficient storage and distribution solutions is increasing. In 2025, the warehousing sector is expected to grow by about 7%, necessitating advanced cargo handling equipment to manage higher volumes of goods. This growth is prompting companies to invest in automated systems and high-capacity equipment to enhance their operational capabilities. The trend indicates that as more distribution centers emerge, the cargo handling-equipment market will likely experience a corresponding surge in demand, reflecting the evolving logistics landscape.

Market Segment Insights

By Type: Forklifts (Largest) vs. Automated Guided Vehicles (Fastest-Growing)

In the US cargo handling-equipment market, the distribution of market share among the various types showcases forklifts as the dominant segment, accounting for a significant portion. Following forklifts, cranes and conveyors also hold substantial shares, indicating strong demand in industrial and logistics settings. However, automated guided vehicles have emerged as a noteworthy contender, steadily increasing their share due to advancements in automation technology. Growth trends in this segment are primarily driven by the rising demand for efficiency and safety in operations. Forklifts continue to be integral for material handling, while automated guided vehicles are experiencing rapid adoption across warehouses and distribution centers. The push towards automation and smart logistics is contributing to the transformation of the market, highlighting the need for innovative solutions to meet evolving industry challenges.

Forklifts: Dominant vs. Automated Guided Vehicles: Emerging

Forklifts stand out as the dominant type in the US cargo handling-equipment market, characterized by versatility and widespread use across various industries, including manufacturing, logistics, and construction. Their ability to handle heavy loads and navigate tight spaces makes them indispensable in material handling operations. In contrast, automated guided vehicles are emerging as a transformative force, driven by technological advancements in robotics and automation. They provide significant advantages in terms of labor efficiency and safety, reducing the reliance on manual handling. Both segments play crucial roles, with forklifts ensuring robust performance in traditional settings while automated guided vehicles pave the way for future-oriented warehousing solutions.

By End Use Industry: Manufacturing (Largest) vs. Logistics (Fastest-Growing)

The US cargo handling-equipment market exhibits a diverse distribution among end-use industries, with the manufacturing sector holding the largest share. Manufacturing relies heavily on advanced cargo handling systems to enhance production efficiency and minimize downtime. Following closely, logistics is rapidly expanding, driven by the growth of e-commerce and the need for efficient delivery systems. As a dynamic sector, logistics is set to reshape the market landscape significantly. In terms of growth trends, the manufacturing sector is nurturing steady demand for cargo handling equipment, encouraged by technological advancements and automation. Meanwhile, logistics is witnessing the fastest growth due to increasing consumer expectations for speedy deliveries. The evolving nature of supply chains and inventory management strategies is influencing cargo handling innovations, positioning logistics as a critical driver of market development.

Manufacturing: Dominant vs. Logistics: Emerging

Manufacturing stands as the dominant sector in the US cargo handling-equipment market, characterized by its reliance on robust material handling solutions to bolster productivity. This sector encompasses a variety of industries, including automotive, electronics, and consumer goods, that require specialized equipment tailored to their unique processing needs. The demand for advanced automation and integrated systems in manufacturing drives significant investments in cargo handling equipment. Conversely, logistics emerges as a rapidly growing segment, fueled by the rise of e-commerce and the imperative for swift supply chain operations. As companies continually seek to optimize their distribution networks, logistics is invigorating the market with innovative solutions, enhancing both efficiency and responsiveness to consumer demands.

By Propulsion Type: Electric (Largest) vs. Internal Combustion Engine (Fastest-Growing)

In the US cargo handling-equipment market, the propulsion type segment is witnessing a diverse distribution among various technologies. Electric propulsion is the largest segment, driven by increasing environmental concerns and the push towards sustainable operations. In contrast, Internal Combustion Engine technology remains prominent, but it's experiencing acceleration in growth as industries seek improvements in efficiency and performance, along with lower operational costs from traditional fuel sources. Factors such as regulatory pressures and technological advancements are shaping market dynamics. The growth trends within the propulsion type segment are strongly influenced by evolving consumer preferences and regulatory requirements targeting emissions reduction. The shift towards electric propulsion is fueled by technological innovations, such as improved battery life and charging infrastructure, which enhance operational capabilities. Conversely, Internal Combustion Engine systems are being re-engineered to meet modern efficiency standards, making them a resilient choice despite their slower growth trajectory. In the context of hybrid and hydraulic systems, their adoption is challenged by cost factors and specific operational suitability, further influencing the dynamics of the propulsion market.

Electric (Dominant) vs. Internal Combustion Engine (Emerging)

The Electric propulsion type is the dominant force in the US cargo handling-equipment market, mainly due to its alignment with green initiatives and low operational costs. This technology boasts significant advantages, such as reduced emissions, lower noise levels, and high efficiency in operations, promoting its widespread acceptance among eco-conscious companies. On the other hand, the Internal Combustion Engine segment is emerging due to its re-engineering to align with stringent emission regulations while also maintaining robust performance metrics. While Electric solutions lead in popularity, Internal Combustion Engines are adapting, showcasing resilience in industries where traditional fuel is still necessary, thus continuing to hold a notable market share despite the rapid rise of electric solutions.

By Load Capacity: Heavy Duty (Largest) vs. Medium Duty (Fastest-Growing)

In the US cargo handling-equipment market, load capacity segments show distinct patterns of market share distribution. Heavy Duty equipment holds the largest share, benefiting from its robust applications in industries such as construction and logistics. Medium Duty, while smaller in share relative to Heavy Duty, is marked by a significant growth trajectory due to increasing demand from mid-sized businesses looking for versatile and efficient solutions. Growth trends are influenced by various factors, including the rising need for efficient material handling, advancements in technology, and an increase in construction projects. The Medium Duty segment is particularly emerging due to its ability to cater to a wider range of applications, while Heavy Duty continues to dominate with its established reliability and strength. These dynamics suggest a shifting landscape where both segments play crucial roles in shaping market strategies.

Heavy Duty (Dominant) vs. Medium Duty (Emerging)

Heavy Duty equipment types are characterized by their high load capacity and durability, supporting heavy lifting and transporting tasks across various sectors. They are commonly employed in environments such as shipyards, warehouses, and construction sites where heavy materials are often handled. This segment's dominant position is reinforced by its established technology and proven reliability. On the other hand, the Medium Duty segment is quickly gaining traction as it offers a balance between capacity and versatility. This emerging segment caters to growing industries that require equipment to handle moderate loads efficiently, positioning itself as a favorable option for businesses looking to optimize operations without compromising on performance.

Get more detailed insights about US Cargo Handling Equipment Market

Key Players and Competitive Insights

The cargo handling-equipment market is currently characterized by a dynamic competitive landscape, driven by technological advancements and increasing demand for efficient logistics solutions. Major players such as Crown Equipment Corporation (US), Hyster-Yale Materials Handling, Inc. (US), and Konecranes (FI) are strategically positioning themselves through innovation and partnerships. Crown Equipment Corporation (US) focuses on enhancing its product offerings with advanced automation technologies, while Hyster-Yale Materials Handling, Inc. (US) emphasizes sustainability in its operations. Konecranes (FI) is leveraging digital transformation to optimize its service offerings, thereby collectively shaping a competitive environment that prioritizes efficiency and technological integration.Key business tactics within this market include localizing manufacturing and optimizing supply chains to enhance responsiveness to customer needs. The competitive structure appears moderately fragmented, with several key players exerting influence over market dynamics. This fragmentation allows for a variety of strategies to coexist, fostering innovation and competition among established and emerging companies.

In October Crown Equipment Corporation (US) announced the launch of its new line of electric forklifts designed to reduce energy consumption by up to 30%. This strategic move not only aligns with the growing emphasis on sustainability but also positions Crown as a leader in energy-efficient solutions, potentially attracting environmentally conscious customers and enhancing its market share.

In September Hyster-Yale Materials Handling, Inc. (US) unveiled a partnership with a leading technology firm to develop AI-driven predictive maintenance solutions for its equipment. This initiative is significant as it aims to minimize downtime and enhance operational efficiency, reflecting a broader trend towards integrating advanced technologies in cargo handling operations.

In August Konecranes (FI) expanded its service network in North America by acquiring a regional service provider. This acquisition is strategically important as it enhances Konecranes' ability to offer localized support and service, thereby improving customer satisfaction and operational reliability in a competitive market.

As of November current trends in the cargo handling-equipment market include a strong focus on digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise to drive innovation. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological innovation, supply chain reliability, and sustainable practices, indicating a shift towards a more sophisticated competitive paradigm.

Key Companies in the US Cargo Handling Equipment Market include

Industry Developments

Recent developments in the US Cargo Handling Equipment Market reflect significant activity and growth. In October 2023, Toyota Industries Corporation announced an increase in production capabilities for electric forklifts to meet rising environmental regulations and consumer demand. Similarly, KION Group AG has been expanding its investments in automation technologies to enhance operational efficiency within warehouses across the US. Notably, in September 2023, Crown Equipment Corporation launched a new product line aimed at improving safety features and ergonomic design for material handling equipment.

Additionally, mergers and acquisitions are shaping the market; for instance, Mitsubishi Logisnext Co. acquired a minority stake in a tech startup specializing in supply chain analytics in May 2023, which is expected to bolster their logistics capabilities. The market is also witnessing a notable valuation increase, driven by advancements in electric and automated machinery, as companies adapt to shifting regulatory landscapes and operational demands. Growth in demand for efficient and sustainable cargo handling solutions continues to propel advancements and maintain competitive dynamics among major players such as Manitou Group, HysterYale Materials Handling, and Doosan Industrial Vehicle.

Over the last couple of years, the shifting focus towards sustainability has become a priority among numerous industry players.

Future Outlook

US Cargo Handling Equipment Market Future Outlook

The cargo handling-equipment market is projected to grow at a 4.73% CAGR from 2025 to 2035, driven by automation, e-commerce expansion, and sustainability initiatives.

New opportunities lie in:

  • Development of automated guided vehicles (AGVs) for efficient warehouse operations.
  • Integration of IoT technology for real-time tracking and management.
  • Expansion of electric and hybrid equipment to meet sustainability goals.

By 2035, the market is expected to achieve robust growth, driven by technological advancements and evolving industry demands.

Market Segmentation

US Cargo Handling Equipment Market Type Outlook

  • Forklifts
  • Cranes
  • Conveyors
  • Pallet Trucks
  • Automated Guided Vehicles

US Cargo Handling Equipment Market Load Capacity Outlook

  • Light Duty
  • Medium Duty
  • Heavy Duty
  • Extra Heavy Duty

US Cargo Handling Equipment Market Propulsion Type Outlook

  • Internal Combustion Engine
  • Electric
  • Hybrid
  • Manual
  • Hydraulic

US Cargo Handling Equipment Market End Use Industry Outlook

  • Manufacturing
  • Logistics
  • Retail
  • Construction
  • Shipping

Report Scope

MARKET SIZE 2024 4554.0(USD Million)
MARKET SIZE 2025 4769.4(USD Million)
MARKET SIZE 2035 7571.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 4.73% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Konecranes (FI), Cargotec (FI), Crown Equipment Corporation (US), Toyota Industries Corporation (JP), Hyster-Yale Materials Handling, Inc. (US), Jungheinrich AG (DE), Mitsubishi Logisnext Co., Ltd. (JP), Doosan Industrial Vehicle (KR), Clark Material Handling Company (US)
Segments Covered Type, End Use Industry, Propulsion Type, Load Capacity
Key Market Opportunities Integration of automation and IoT technologies enhances efficiency in the cargo handling-equipment market.
Key Market Dynamics Technological advancements drive efficiency and automation in cargo handling equipment, reshaping competitive dynamics.
Countries Covered US
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FAQs

What is the expected market size of the US Cargo Handling Equipment Market in 2024?

The US Cargo Handling Equipment Market is expected to be valued at 4.55 billion USD in 2024.

What is the projected market size for the US Cargo Handling Equipment Market by 2035?

By 2035, the US Cargo Handling Equipment Market is projected to reach 7.58 billion USD.

What is the expected compound annual growth rate (CAGR) for the US Cargo Handling Equipment Market from 2025 to 2035?

The expected CAGR for the US Cargo Handling Equipment Market from 2025 to 2035 is 4.749%.

Which equipment type is forecasted to have the highest market value in 2035?

Forklifts are forecasted to have the highest market value, estimated at 2.1 billion USD in 2035.

Who are the key players in the US Cargo Handling Equipment Market?

Key players in the US Cargo Handling Equipment Market include Manitou Group, Crown Equipment Corporation, and Toyota Industries Corporation among others.

What will be the market value of cranes in 2024?

The market value of cranes in the US Cargo Handling Equipment Market is expected to be 1 billion USD in 2024.

What are the anticipated market trends in the US Cargo Handling Equipment Market from 2025 to 2035?

Anticipated market trends include increased automation and advanced technology integration in cargo handling equipment.

What will the market value of Automated Guided Vehicles be in 2035?

The market value of Automated Guided Vehicles is projected to reach 1.78 billion USD by 2035.

How does the US Cargo Handling Equipment Market growth rate compare across different equipment types?

Growth rates vary among equipment types, with forklifts and cranes showing significant growth potential through 2035.

What challenges does the US Cargo Handling Equipment Market face in the coming years?

Challenges include supply chain disruptions and the need for innovation to meet changing customer demands.

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