Middle East & Africa Material Handling Equipment Market Size & Outlook
Middle East & Africa material handling equipment market, 2018-2030 (US$B)
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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 |
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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.
- Middle East & Africa Material Handling Equipment Product Outlook (Revenue, USD Billion, 2018-2030)
- Cranes & Lifting Equipment
- Industrial Trucks
- Continuous Handling Equipment
- Racking & Storage Equipment
- Middle East & Africa 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 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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