Europe Material Handling Integration Market Size & Outlook
Europe material handling integration market, 2018-2030 (US$M)
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Europe material handling integration market highlights
- The Europe material handling integration market generated a revenue of USD 12,361.1 million in 2023.
- The market is expected to grow at a CAGR of 9.5% 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 12,361.1 million |
| Market revenue in 2030 | USD 23,331.9 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 27.3% of the global material handling integration market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 22,994.0 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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Europe 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 68.45% in 2023. Horizon Databook has segmented the Europe material handling integration market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Europe features a well-developed technological infrastructure, especially the Western region, and is witnessing a rise in internet penetration and online shopping. According to the 2023 technology and innovation report by the United Nations Conference, European countries, including Sweden.
The Netherlands, Germany, and Finland, were ranked among the top 10 on the frontier technology readiness index in 2022. The developed technology infrastructure is in the region expected to impact the market growth positively.
Some of the leading material handling integration companies in Europe are Finland-based Cargotec, Austria-based KNAPP AG and TGW Logistics Group, and Switzerland-based Swisslog Holding AG. Regional governments are investing in R&D activities in the material handling area.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe material handling integration market , including forecasts for subscribers. This continent databook contains high-level insights into Europe material handling integration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe material handling integration market size, by country, 2018-2030 (US$M)
Europe Material Handling Integration Market Outlook Share, 2023 & 2030 (US$M)
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