Global Material Handling Equipment Market Size & Outlook
Global material handling equipment market, 2021-2033 (US$M)
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Global material handling equipment market highlights
- The global material handling equipment market generated a revenue of USD 262,928.8 million in 2025 and is expected to reach USD 421,787.7 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 6.1% by 2033.
- In terms of segment, cranes & lifting equipment accounted for a revenue of USD 101,208.5 million in 2025.
- Racking & storage equipment is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
- Country-wise, South Korea is expected to register the highest CAGR from 2026 to 2033.
Global data book summary
| Market revenue in 2025 | USD 262,928.8 million |
| Market revenue in 2033 | USD 421,787.7 million |
| Growth rate | 6.1% (CAGR from 2026 to 2033) |
| Largest segment | Cranes & lifting equipment |
| Fastest growing segment | Racking & storage equipment |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cranes & Lifting Equipment, Industrial trucks, Continuous handling equipment, Racking & storage equipment |
Other key industry trends
- In terms of revenue, the North America accounted for 23.1% of the global material handling equipment market in 2025.
- By country, the China is projected to lead the global market in terms of revenue in 2033.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 8,242.0 million by 2033.
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Material Handling Equipment Market Scope
Material Handling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Vanderlande | View profile | 1001-5000 | Veghel, Noord-Brabant, The Netherlands, Europe | https://www.vanderlande.com |
| Interlake Mecalux | View profile | 501-1000 | Chicago, Illinois, United States, North America | https://www.interlakemecalux.com/ |
| BEUMER Group | View profile | 5001-10000 | Beckum, Nordrhein-Westfalen, Germany, Europe | https://www.beumergroup.com |
| Swisslog | View profile | 5001-10000 | Buchs, Inner-Rhoden, Switzerland, Europe | http://swisslog.com |
| SSI Schaefer Systems International North America | View profile | 10001+ | Thane, Maharashtra, India, Asia | http://ssi-schaefer.us |
| Toyota Industries Corp | View profile | 89245 | 2-1, Toyoda-cho, Kariya-shi, Aichi, Japan, 448-8671 | https://www.toyota-industries.com |
| Daifuku Co Ltd | View profile | 13020 | 3-2-11, Mitejima, Nishiyodogawa-ku,, Osaka, Japan, 555-0012 | http://www.daifuku.co.jp |
| KION GROUP AG | View profile | 42325 | Thea-Rasche-Strasse 8, Frankfurt am Main, HE, Germany, 60549 | https://www.kiongroup.com |
| Murata Manufacturing Co Ltd | View profile | 73828 | No. 10 No. 1 Yubinbango, Nagaokakyo, 1-chome, Kyoto Higashikotari, Nagaokakyo, Japan, 617-8555 | http://www.murata.co.jp |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
Global material handling equipment market outlook
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 38.49% in 2025. 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 2021 to 2033.
- Global Material Handling Equipment Product Outlook (Revenue, USD Million, 2021-2033)
- Cranes & Lifting Equipment
- Industrial trucks
- Continuous handling equipment
- Racking & storage equipment
- Global Material Handling Equipment Application Outlook (Revenue, USD Million, 2021-2033)
- Automotive
- Food & Beverages
- Chemical
- Semiconductor & Electronics
- E-Commerce
- Aviation
- Pharmaceutical
- Others
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Target buyers of Global material handling equipment market databook
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Our clientele includes a mix of material handling equipment market companies, investment firms, advisory firms & academic institutions.
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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 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Global material handling equipment market size, by regions, 2021-2033 (US$M)
Top 10 countries: Material handling equipment market size, 2025 (US$M)
Global material handling equipment market share, by application, 2025 & 2033 (%, US$M)
Material handling equipment market: Opportunity assessment by country
Global material handling equipment market, by region, 2025 (US$M)
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