Europe Material Handling Equipment Market Size & Outlook
Europe material handling equipment market, 2018-2030 (US$B)
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Europe material handling equipment market highlights
- The Europe material handling equipment market generated a revenue of USD 73.4 billion in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, cranes & lifting equipment was the largest revenue generating product in 2023.
- Racking & Storage Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 73.4 billion |
| Market revenue in 2030 | USD 105.0 billion |
| Growth rate | 5.2% (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 |
| Key market players worldwide | Daifuku Co Ltd, Honeywell International Inc, KION GROUP AG, Murata Manufacturing Co Ltd, SSI Schaefer Systems International North America, Swisslog, Toyota Industries Corp, BEUMER Group, Interlake Mecalux, Vanderlande |
Other key industry trends
- In terms of revenue, Europe region accounted for 31.1% of the global material handling equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 131.6 billion by 2030.
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Material Handling Equipment Market Scope
Material Handling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 36.24% in 2023. Horizon Databook has segmented the Europe 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.
According to the International Monetary Fund (IMF) World Economic Outlook, the GDP of Europe dropped by 5.9 % in 2021. This drop can be attributed to the hike in commodity prices and compounded supply-side disruptions. However, the GDP growth of the country is anticipated to be 1.6% in 2022. The European region is characterized by the presence of several major industries such as e-commerce, food & beverage, and automotive on account of the better supply chain process and low labor costs.
The market growth is further supported by various technological developments like the launch of vision-guided navigation technology that enables vehicles to take the right route without the need for human intervention. Moreover, the demand for automated material handling is anticipated to be driven by the demand for energy-efficient and eco-friendly robotic systems.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 continent-level data and insights on the Europe material handling equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Europe material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe material handling equipment market size, by country, 2018-2030 (US$B)
Europe Material Handling Equipment Market Outlook Share, 2023 & 2030 (US$B)
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