Canada Material Handling Integration Market Size & Outlook
Canada material handling integration market, 2018-2030 (US$M)
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Canada material handling integration market highlights
- The Canada material handling integration market generated a revenue of USD 826.8 million in 2023 and is expected to reach USD 1,409.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Material handling integration market data book summary
| Market revenue in 2023 | USD 826.8 million |
| Market revenue in 2030 | USD 1,409.2 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Daifuku Co Ltd, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Cargotec Oyj ADR, KION GROUP AG, Honeywell International Inc, SSI Schaefer Systems International North America, TGW Logistics Group, Murata Manufacturing Co Ltd, Swisslog, KNAPP AG, Fives, Fortna |
Other key industry trends
- In terms of revenue, Canada accounted for 1.8% of the global material handling integration market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. material handling integration market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 3,015.8 million by 2030.
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Material Handling Integration Market Scope
Material Handling Integration Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada material handling integration 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 integration market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 66.17% in 2023. Horizon Databook has segmented the Canada material handling integration market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Canada features the presence of material handling companies such as King Materials Handling and Attabotics. Attabotics is a provider of material handling integration solutions such as The Studio, an Automated Storage and Retrieval System (AS/RS).
The AS/RS is built to improve the overall flow of goods and is powered by technologies such as AI and Machine Learning (ML). The Canadian government is increasingly investing in R&D related to robots. In November 2022, Sanctuary Cognitive Systems Corporation.
A Canada-based general-purpose robot developer, announced that it received funding of USD 22.2 million from the Government of Canada through the Strategic Innovation Fund (SIF). The company would use the funds to address the labor shortage by developing robotics and AI technology.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada material handling integration market , including forecasts for subscribers. This country databook contains high-level insights into Canada material handling integration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada material handling integration market size, by component, 2018-2030 (US$M)
Canada Material Handling Integration Market Outlook Share, 2023 & 2030 (US$M)
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