Japan Material Handling Equipment Market Size & Outlook
Japan material handling equipment market, 2018-2030 (US$B)
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Japan material handling equipment market highlights
- The Japan material handling equipment market generated a revenue of USD 11.6 billion in 2023 and is expected to reach USD 17.3 billion by 2030.
- The Japan market is expected to grow at a CAGR of 5.9% 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 11.6 billion |
| Market revenue in 2030 | USD 17.3 billion |
| Growth rate | 5.9% (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, Japan accounted for 4.9% 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 Asia Pacific, China material handling equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 8.7 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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Japan 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 36.21% in 2023. Horizon Databook has segmented the Japan 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.
Japan is one of the most promising and fastest-growing automobile markets in the region. Multiple factors contribute to the growth of the Japanese automobile industry, including labor availability, R&D initiatives, geographic advantage, and government support. With a positive economic outlook and increased family spending power, the country's automotive sales are expected to skyrocket by 2026.
Several local and foreign OEM manufacturers are proposing to expand their production sites in Japan in response to the high demand for automobiles. The Japanese government also prioritizes the automobile sector as a vital income generator and encourages the flow of FDIs into the industry.
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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 country-level data and insights on the Japan material handling equipment market , including forecasts for subscribers. This country databook contains high-level insights into Japan material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan material handling equipment market size, by product, 2018-2030 (US$B)
Japan Material Handling Equipment Market Outlook Share, 2023 & 2030 (US$B)
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