Global Material Handling Equipment Market Size & Outlook
The material handling equipment industry worldwide is expected to reach a projected revenue of US$ 350.2 billion by 2030. A compound annual growth rate of 5.8% is expected of the worldwide material handling equipment industry from 2024 to 2030.
Revenue, 2023 (US$B)
$236.3
Forecast, 2030 (US$B)
$350.2
CAGR, 2024 - 2030
5.8%
Report Coverage
Worldwide
Global material handling equipment market, 2018-2030 (US$B)
Related Markets
Global material handling equipment market highlights
- The global material handling equipment market generated a revenue of USD 236.3 billion in 2023 and is expected to reach USD 350.2 billion by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.8% by 2030.
- In terms of segment, cranes & lifting equipment accounted for a revenue of USD 89.5 billion in 2023.
- 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 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| 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 |
Other key industry trends
- In terms of revenue, the North America accounted for 21.6% of the global material handling equipment market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 8.2 billion by 2030.
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Material Handling Equipment Market Scope
Material handling equipment market segmentation & scope
Cranes & Lifting Equipment
Industrial Trucks
Continuous Handling Equipment
Racking & Storage Equipment
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others
Material Handling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 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.
- Global Material Handling Equipment Product Outlook (Revenue, USD Billion, 2018-2030)
- Cranes & Lifting Equipment
- Industrial Trucks
- Continuous Handling Equipment
- Racking & Storage Equipment
- Global Material Handling Equipment Application Outlook (Revenue, USD Billion, 2018-2030)
- 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global material handling equipment market statistics, by regions, 2018-2030 (US$B)
Top 10 countries: Material handling equipment market size, 2023 (USD Billion)
Top 10 countries: Material handling equipment market size, 2023 (USD Billion)
Global material handling equipment market, by region, 2023 (US$B)
Related regional statistics
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