North America Material Handling Integration Market Size & Outlook
North America material handling integration market, 2018-2030 (US$M)
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North America material handling integration market highlights
- The North America material handling integration market generated a revenue of USD 11,594.2 million in 2023.
- The market is expected to grow at a CAGR of 10.3% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 11,594.2 million |
| Market revenue in 2030 | USD 22,994.0 million |
| Growth rate | 10.3% (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, North America region accounted for 25.6% 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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North America 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 66.84% in 2023. Horizon Databook has segmented the North America material handling integration market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
North America is a technologically advanced region, featuring the presence of many technology companies and high internet and smartphone penetration. Moreover, the region is home to many material handling integration solution providers, and developments in the field are encouraged by governments.
Especially in the U.S. and Canada, through R&D investments aimed at driving innovation. According to Association for Advancing Automation (A3), in 2022, North American companies ordered 44,196 robots, representing a nearly 11% increase compared to 2021 figures.
In May 2023, the U.S. government’s National Science Foundation (NSF) announced an investment of USD 140 million for launching seven new Artificial Intelligence (AI) research institutes. This investment will bring the number of institutes to 25.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America material handling integration market , including forecasts for subscribers. This continent databook contains high-level insights into North America material handling integration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America material handling integration market size, by country, 2018-2030 (US$M)
North America Material Handling Integration Market Outlook Share, 2023 & 2030 (US$M)
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