The Material Handling Equipment Market size was estimated at USD 206.59 Billion in 2022 and is expected to reach USD 319.69 Billion by 2030 at a CAGR of 5.6% during the forecast period of 2023-2030.
Throughout the projected period, market expansion is anticipated to be driven by rapid industrialization and the rising need for automation in material handling equipment. The COVID-19 pandemic's early outbreak had a bad impact on the warehousing sector since non-essential goods, in particular, were almost completely stopped from moving. Additionally, the market suffered greatly in the early stages of the pandemic as a result of sales that quickly decreased due to a global labour shortage and a sharp reduction in demand. The expansion of private investment in industrial machinery and equipment points to a generally robust U.S. economy, which is anticipated to spur activity in the major downstream markets for U.S. industry, like manufacturing and wholesaling.
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As a result, a rise in investments in industrial machinery and equipment is likely to be correlated with an increase in demand for commercial goods like material handling equipment. The market is anticipated to grow more quickly as a result of rising demands for successfully handling bulk materials, improved worker safety awareness, and Industry 4.0's increased usage of the Internet of Things. The demand for less downtime and the emphasis on increasing supply chain efficiency is predicted to drive the market for this product.
MARKET DYNAMICS
DRIVERS
The demand for MHE has increased as a result of the e-commerce industry's quick expansion, particularly for the sorting, packaging, and order fulfilment procedures in warehouses and distribution centres.
The necessity for MHE to move items between different sites is increasing as businesses broaden their worldwide supply chain networks, which raises the price of this equipment. To optimise processes and cut waste, modern production techniques like 3D printing and lean manufacturing need effective material handling systems.
RESTRAIN
The total cost of ownership for MHE might fluctuate over time depending on how much ongoing maintenance and servicing costs.
Skilled labour is necessary for the operation and maintenance of several MHE types, and company productivity may be hampered by labour shortages.
Stricter laws governing MHE emissions may result from growing environmental concerns, which may affect adoption and operating costs.
OPPORTUNITY
Customization and specialisation businesses can provide MHE solutions that are specifically adapted to the needs of a given industry, opening up market niches.
Services for renting and leasing For companies with tight budgets, renting or leasing MHE equipment offers cost-effective choices.
CHALLENGES
Specialisation and customization Businesses can fill market gaps by offering MHE solutions that are specifically tailored to the requirements of a given industry.
Rental and leasing services MHE equipment can be rented or leased at a low cost for businesses with limited resources.
IMPACT OF RUSSIA-UKRAINE WAR
Supply chains could be affected by the conflict, particularly if it affects vital shipping lanes, ports, or logistical centres in the area. MHE and component availability may be impacted by this disruption, which could cause delays in production and delivery. Companies may have trouble obtaining necessary supplies from the affected regions, which could result in production bottlenecks. Due to their involvement in providing military and defence-related goods during times of crisis, some businesses, such as defence, may experience a surge in demand for material handling equipment. On the other hand, sectors of the economy that depend on exports or supply chains that involve Russia or Ukraine would face difficulties and disruptions.
IMPACT OF ONGOING RECESSION
In a recession, several industries may see a decline in the demand for their goods or services. As corporations cut their production and distribution operations, there may be a decreased requirement for material handling equipment. Business owners become more price-sensitive when the economy is struggling. To draw in consumers, MHE suppliers and manufacturers may feel compelled to provide competitive prices and more lenient payment conditions. Recessions can have different effects on different industries' MHE markets. In contrast to manufacturing sectors, which may endure a more severe decline, e-commerce and logistics may still need MHE to meet the rising demand for online shopping and home deliveries.
By Product
Cranes & Lifting Equipment
Industrial Trucks
Continuous Handling Equipment
Racking & Storage Equipment
By Application
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
In 2022, the Asia Pacific region dominated the market and took home more than 38.0% of worldwide revenue. The substantial adoption is ascribed to the expanding food retail industry in Asia-Pacific, which presents the market with several prospects due to their capacity to boost the effectiveness and speed of the picking and sorting procedures. It is envisaged that integrated solutions based on the implementation of new legal reforms about safety and quality will aid in Europe's growth. Additionally, industrial trucks and automated categories are primarily responsible for the demand for material handling equipment in the manufacturing, ports, and warehousing sectors.
During the projection period, a significant rise is expected in the North American market. The COVID-19 Pandemic originally caused the market's growth to falter, but it recovered and developed steadily. The substantial presence of well-known corporations in the area is also assisting the market's expansion. These firms' indirect efforts are also aiding the expansion of the market for material handling equipment in the areas of technological advancements, strategic alliances, acquisitions, collaborations, and joint ventures.
The major key players BEUMER GROUP, Daifuku Co., Ltd., Honeywell International, Inc., KION GROUP AG, Mecalux, S.A, Murata Manufacturing Co., Ltd., SSI SCHAEFER, Swisslog Holding AG, TOYOTA INDUSTRIES CORPORATION, Vanderlande Industries B.V., are and others.
Honeywell International, Inc-Company Financial Analysis
RECENT DEVELOPMENT
Daifuku: In December 2022, announced plans to build a new manufacturing facility at its subsidiary Vega Conveyors and Automation Private Limited (Vega) in Hyderabad, Telangana, India.
Toyota Material: In September 2022, An autonomous lift truck with Al-based technology was introduced by Toyota Material Handling Japan, a branch of Toyota Industries Corporation, that automatically recognises the position and location of vehicles and goods and creates automated travel paths to carry out loading operations.
Schou: In January 2022, The largest non-food retailer in Scandinavia, Schou, hired SS! Schaeffer to serve as the general contractor for its brand-new automated logistics facility in Kolding, Denmark. Because of its adaptability in providing automated logistics services and its solution-based methodology, the company has been chosen.
| Report Attributes | Details |
| Market Size in 2022 | US$ 206.59 Bn |
| Market Size by 2030 | US$ 319.69 Bn |
| CAGR | CAGR of 5.6% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Cranes & Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking & Storage Equipment) • By Application (Automotive, Food & Beverages, Chemical, Semiconductor & Electronics, E-commerce, Aviation, Pharmaceutical, Other) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | BEUMER GROUP, Daifuku Co., Ltd., Honeywell International, Inc., KION GROUP AG, Mecalux, S.A, Murata Manufacturing Co., Ltd., SSI SCHAEFER, Swisslog Holding AG, TOYOTA INDUSTRIES CORPORATION, Vanderlande Industries B.V. |
| Key Drivers | • The demand for MHE has increased as a result of the e-commerce industry's quick expansion, particularly for the sorting, packaging, and order fulfilment procedures in warehouses and distribution centres. • The necessity for MHE to move items between different sites is increasing as businesses broaden their worldwide supply chain networks, which raises the price of this equipment. To optimise processes and cut waste, modern production techniques like 3D printing and lean manufacturing need effective material handling systems. |
| Market Restraints | • The total cost of ownership for MHE might fluctuate over time depending on how much ongoing maintenance and servicing costs. • Skilled labour is necessary for the operation and maintenance of several MHE types, and company productivity may be hampered by labour shortages. • Stricter laws governing MHE emissions may result from growing environmental concerns, which may have an effect on adoption and operating costs. |
The Fertilizer Spreader market is expected to grow at 5.6% CAGR from 2023 to 2030.
According to our analysis, the Fertilizer Spreader Market is anticipated to reach USD 319.69 Billion By 2030.
The market is anticipated to be driven by the construction sector.
The leading participants in the BEUMER GROUP, Daifuku Co., Ltd., Honeywell International, Inc., KION GROUP AG, Mecalux, S.A, Murata Manufacturing Co.
Ans: The main opportunity is for Customization and specialisation businesses can provide MHE solutions that are specifically adapted to the needs of a given industry, opening up market niches.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Material handling equipment market Segmentation, By Product
8.1 Cranes & Lifting Equipment
8.2 Industrial Trucks
8.3 Continuous Handling Equipment
8.4 Racking & Storage Equipment
9. Material handling equipment market Segmentation, By Application
9.1 Automotive
9.2 Food & Beverages
9.3 Chemical
9.4 Semiconductor & Electronics
9.5 E-commerce
9.6 Aviation
9.7 Pharmaceutical
9.8 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Material Handling Equipment Market by Country
10.2.2North America Material Handling Equipment Market by Type
10.2.3 North America Material Handling Equipment Market by Application
10.2.4 USA
10.2.4.1 USA Material Handling Equipment Market by Type
10.2.4.2 USA Material Handling Equipment Market by Application
10.2.5 Canada
10.2.5.1 Canada Material Handling Equipment Market by Type
10.2.5.2 Canada Material Handling Equipment Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Material Handling Equipment Market by Type
10.2.6.2 Mexico Material Handling Equipment Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Material Handling Equipment Market by Country
10.3.1.2 Eastern Europe Material Handling Equipment Market by Type
10.3.1.3 Eastern Europe Material Handling Equipment Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Material Handling Equipment Market by Type
10.3.1.4.2 Poland Material Handling Equipment Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Material Handling Equipment Market by Type
10.3.1.5.2 Romania Material Handling Equipment Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Material Handling Equipment Market by Type
10.3.1.6.2 Hungary Material Handling Equipment Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Material Handling Equipment Market by Type
10.3.1.7.2 Turkey Material Handling Equipment Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Material Handling Equipment Market by Type
10.3.1.8.2 Rest of Eastern Europe Material Handling Equipment Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Material Handling Equipment Market by Country
10.3.2.2 Western Europe Material Handling Equipment Market by Type
10.3.2.3 Western Europe Material Handling Equipment Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Material Handling Equipment Market by Type
10.3.2.4.2 Germany Material Handling Equipment Market by Application
10.3.2.5 France
10.3.2.5.1 France Material Handling Equipment Market by Type
10.3.2.5.2 France Material Handling Equipment Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Material Handling Equipment Market by Type
10.3.2.6.2 UK Material Handling Equipment Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Material Handling Equipment Market by Type
10.3.2.7.2 Italy Material Handling Equipment Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Material Handling Equipment Market by Type
10.3.2.8.2 Spain Material Handling Equipment Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Material Handling Equipment Market by Type
10.3.2.9.2 Netherlands Material Handling Equipment Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Material Handling Equipment Market by Type
10.3.2.10.2 Switzerland Material Handling Equipment Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Material Handling Equipment Market by Type
10.3.2.11.2 Austria Material Handling Equipment Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Material Handling Equipment Market by Type
10.3.2.12.2 Rest of Western Europe Material Handling Equipment Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Material Handling Equipment Market by Country
10.4.2 Asia Pacific Material Handling Equipment Market by Type
10.4.3 Asia Pacific Material Handling Equipment Market by Application
10.4.4 China
10.4.4.1 China Material Handling Equipment Market by Type
10.4.4.2 China Material Handling Equipment Market by Application
10.4.5 India
10.4.5.1 India Material Handling Equipment Market by Type
10.4.5.2 India Material Handling Equipment Market by Application
10.4.6 Japan
10.4.6.1 Japan Material Handling Equipment Market by Type
10.4.6.2 Japan Material Handling Equipment Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Material Handling Equipment Market by Type
10.4.7.2 South Korea Material Handling Equipment Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Material Handling Equipment Market by Type
10.4.8.2 Vietnam Material Handling Equipment Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Material Handling Equipment Market by Type
10.4.9.2 Singapore Material Handling Equipment Market by Application
10.4.10 Australia
10.4.10.1 Australia Material Handling Equipment Market by Type
10.4.10.2 Australia Material Handling Equipment Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Material Handling Equipment Market by Type
10.4.11.2 Rest of Asia-Pacific APAC Material Handling Equipment Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Material Handling Equipment Market by Country
10.5.1.2 Middle East Material Handling Equipment Market by Type
10.5.1.3 Middle East Material Handling Equipment Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Material Handling Equipment Market by Type
10.5.1.4.2 UAE Material Handling Equipment Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Material Handling Equipment Market by Type
10.5.1.5.2 Egypt Material Handling Equipment Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Material Handling Equipment Market by Type
10.5.1.6.2 Saudi Arabia Material Handling Equipment Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Material Handling Equipment Market by Type
10.5.1.7.2 Qatar Material Handling Equipment Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Material Handling Equipment Market by Type
10.5.1.8.2 Rest of Middle East Material Handling Equipment Market by Application
10.5.2 Africa
10.5.2.1 Africa Material Handling Equipment Market by Country
10.5.2.2 Africa Material Handling Equipment Market by Type
10.5.2.3 Africa Material Handling Equipment Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Material Handling Equipment Market by Type
10.5.2.4.2 Nigeria Material Handling Equipment Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Material Handling Equipment Market by Type
10.5.2.5.2 South Africa Material Handling Equipment Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Material Handling Equipment Market by Type
10.5.2.6.2 Rest of Africa Material Handling Equipment Market by Application
10.6 Latin America
10.6.1 Latin America Material Handling Equipment Market by Country
10.6.2 Latin America Material Handling Equipment Market by Type
10.6.3 Latin America Material Handling Equipment Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Material Handling Equipment Market by Type
10.6.4.2 Brazil Africa Material Handling Equipment Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Material Handling Equipment Market by Type
10.6.5.2 Argentina Material Handling Equipment Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Material Handling Equipment Market by Type
10.6.6.2 Colombia Material Handling Equipment Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Material Handling Equipment Market by Type
10.6.7.2 Rest of Latin America Material Handling Equipment Market by Application
11. Company Profile
11.1 BEUMER GROUP
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Daifuku Co., Ltd.
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Honeywell International, Inc.
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 KION GROUP AG
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Mecalux
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 S.A
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 SSI SCHAEFER
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Swisslog Holding AG
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 TOYOTA INDUSTRIES CORPORATION
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Vanderlande Industries B.V.
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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