Middle East & Africa Material Handling Equipment Market Size & Outlook
Related Markets
MEA material handling equipment market highlights
- The MEA material handling equipment market generated a revenue of USD 10.5 billion in 2023.
- The market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, continuous handling 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 10.5 billion |
| Market revenue in 2030 | USD 15.2 billion |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Continuous handling 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, MEA region accounted for 4.4% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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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 |
Middle East & Africa 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.
Continuous handling equipment was the largest segment with a revenue share of 37.14% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
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Target buyers of Middle East & Africa 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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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 Middle East & Africa material handling equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA material handling equipment market size, by country, 2018-2030 (US$B)
Middle East & Africa Material Handling Equipment Market Outlook Share, 2023 & 2030 (US$B)
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