U.S. Material Handling Equipment Market Size & Outlook
U.S. material handling equipment market, 2018-2030 (US$B)
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U.S. material handling equipment market highlights
- The U.S. material handling equipment market generated a revenue of USD 44.6 billion in 2023 and is expected to reach USD 66.0 billion by 2030.
- The U.S. market is expected to grow at a CAGR of 5.8% 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.
Material handling equipment market data book summary
| Market revenue in 2023 | USD 44.6 billion |
| Market revenue in 2030 | USD 66.0 billion |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Continuous handling 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, U.S. accounted for 18.9% 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 North America, U.S. material handling equipment market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 66.0 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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U.S. 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 38.12% in 2023. Horizon Databook has segmented the U.S. 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 the U.S. dropped by 3.5% in 2020. This drop can be attributed to the nationwide lockdown imposed in the U.S. to contain the spread of coronavirus. However, the GDP growth rate of the country is anticipated to be 5.2% in 2022.
The economy of the U.S. features a technologically advanced and highly developed services sector, which accounts for a share of approximately 80% of its output in 2021. The growth of automotive industry in the U.S. was substantially impacted in 2020 by the pandemic, which was reflected in the suspended operations and disrupted importexport activities.
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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 U.S. material handling equipment market , including forecasts for subscribers. This country databook contains high-level insights into U.S. material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. material handling equipment market size, by product, 2018-2030 (US$B)
U.S. Material Handling Equipment Market Outlook Share, 2023 & 2030 (US$B)
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