Germany Material Handling Equipment Market Size & Outlook
Germany material handling equipment market, 2018-2030 (US$B)
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Germany material handling equipment market highlights
- The Germany material handling equipment market generated a revenue of USD 27.9 billion in 2023 and is expected to reach USD 39.5 billion by 2030.
- The Germany market is expected to grow at a CAGR of 5.1% 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.
Material handling equipment market data book summary
| Market revenue in 2023 | USD 27.9 billion |
| Market revenue in 2030 | USD 39.5 billion |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Cranes & lifting equipment |
| Fastest growing segment | Racking & Storage Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 11.8% of the global material handling equipment market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany material handling equipment market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 21.1 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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Germany 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 36.2% in 2023. Horizon Databook has segmented the Germany 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 Germany dropped by 2.8% in 2021. The German automotive sector is one of the largest manufacturing sectors in the world. Over 70% of the world's premium brand automobiles are produced by German OEMs, according to the Germany Trade and Investment (GTAI) agency.
One of the world's biggest markets for automated material handling technologies in Germany. Recent estimates from the International Federation of Robotics (IFR) indicate that Germany has the third-highest robot density worldwide (294 units per 10,000 workers), after South Korea and Japan.
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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 country-level data and insights on the Germany material handling equipment market , including forecasts for subscribers. This country databook contains high-level insights into Germany material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany material handling equipment market size, by product, 2018-2030 (US$B)
Germany Material Handling Equipment Market Outlook Share, 2023 & 2030 (US$B)
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