Market revenue in 2023 | USD 236.3 billion |
Market revenue in 2030 | USD 350.2 billion |
Growth rate | 5.8% (CAGR from 2023 to 2030) |
Largest segment | Cranes & lifting equipment |
Fastest growing segment | Racking & Storage Equipment |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD billion |
Market segmentation | Cranes & Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking & Storage Equipment |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to material handling equipment market will help companies and investors design strategic landscapes.
cranes & lifting equipment was the largest segment with a revenue share of 37.88% in 2023. Horizon Databook has segmented the Global material handling equipment market based on cranes & lifting equipment, industrial trucks, continuous handling equipment, racking & storage equipment covering the revenue growth of each sub-segment from 2018 to 2030.
Horizon Databook provides a detailed overview of global-level data and insights on the Global material handling equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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