Material Handling Equipment Market Size By Product (Storage & Handling Equipment [Racks, Stacking Frames, Shelves, Bins & Drawers, Mezzanines], Industrial Trucks [Automated Guided Vehicles (AGVs), Hand, Platform & Pallet Trucks, Order Pickers, Pallet Jacks, Side-Loaders, Walkie Stackers], Bulk Material Handling Equipment [Conveyor belts, Stackers, Reclaimers, Elevators], Robotics, Automated Storage & Retrieval System (AS/RS) [Unit-Load AS/RS, Mini-Load AS/RS]), By Application (3PL, E-Commerce, Durable Manufacturing, Food & Beverage, General Merchandise, Food Retail), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Oct 2019  |  Report ID: GMI1384  |  Authors: Preeti Wadhwani, Saloni Gankar

Report Format: PDF   |   Pages: 395   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Material Handling Equipment Market size was worth over USD 140 billion, globally in 2018 and is estimated to grow at around 6% CAGR between 2019 and 2025.

Material Handling Equipment Market

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Material handling equipment refers to tools and systems, which are used for transporting, protecting, controlling, and retrieving the products and materials. The equipment is used in warehouses and manufacturing facilities for the fast movement of goods, locating stocks, and preparing orders. These products will improve the efficiency of processes and provide a cost-effective and accurate method for transporting goods. In addition, the equipment enhances the production activity by ensuring a smooth, efficient, and swift transition of goods in manufacturing plants.

The rising penetration of advanced technologies such as RFID, IoT in 3PL, food & retail, and e-commerce industries is driving the material handling equipment market growth. The incorporation of these technologies will help in saving time and costs in manufacturing processes, leading to increased accuracy and enhanced customer satisfaction. Players operating in the market are gradually adopting these technologies to maintain their position and to gain a competitive edge. For instance, M/A-COM Technology Solutions, Inc., a provider of microwave and RF design solutions, has designed an RFID Forklift System to improve material handling activities. The new system utilizes an acoustic sensor, broad beam antenna, and controller logic to identify the pallet tag. These new technologies are cost-effective and help in increasing supply chain efficiency.

Moreover, increasing labor costs coupled with the inconveniences associated with providing benefits such as health and safety compensation, insurances, paid leaves, benefit packages, and promotions to employees, are expected to drive the material handling equipment market demand. The cost of manual labor is experiencing substantial growth in North American and European countries. For instance, the average hourly labor costs in Germany increased from an average of USD 38.45 in 2013 to USD 41.06 in 2016. With such a rise in costs of employing manual labor, the manufacturing industries are shifting toward automation technology. Several companies are adopting the equipment for reducing the number of workers to handle a task. The equipment allows companies to maintain worker safety by reducing workplace incidents while handling & moving materials.

The material handling machinery helps businesses in gaining high productivity through the automation of all processes. It helps in delivering high-quality products and reduces operational costs. E-commerce and 3PL companies are progressively implementing the automated material handling equipment to reduce the product delivery time to consumers and for the storage of goods in distribution centers and warehouses to guarantee the fast delivery of products. The material handling equipment market is characterized by the growing number of investments made by companies to facilitate the flow of goods. The emergence of several e-commerce and trade companies will further augment the demand for these services. The reduction in labor and transportation costs will also support the rising demand for these services. However, the high operational & maintenance costs associated with these systems are expected to hinder the market growth.

Material Handling Equipment Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 140 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 6% 2025 Value Projection: 200 Billion (USD)
Pages: 395 Tables, Charts & Figures: 456
Geographies covered (20): U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Australia, Mexico, Brazil, Argentina, Bolivia, Colombia, Chile, Peru
Segments covered: Product, Application
Companies covered (25): Bastian Solutions, LLC, Beumer Group GmbH & Co. Kg, Clark, Material Handling Company, Columbus McKinnon, Crown Equipment Corporation, Daifuku Co., Ltd., Dematic GmbH & Co., KG, Flexlink, Hyster-Yale Materials Handling, Inc., JBT Corporation, Jungheinrich AG, Kion Group AG, KUKA AG, Liebherr, Mecalux S.A., Mitsubishi Caterpillar Forklift America Inc., Murata Machinery, Ltd., Vanderlande Industries, Honeywell Intelligrated, Inc., Swisslog AG, Knapp AG, TGW Logistics Group GmbH, Grenzebach Maschinenbau GmbH, Witron logistik + Informatik GmbH, Kardex AG, Dearborn Mid-West Company, Egemin Group, Inc., Viastore Systems, Inc., System Logistics, Siemens AG, SSI Schaefer Group, Toyota Industries Corporation, Fives Group
Growth Drivers:
  • Attractive e-commerce industry in the U.S.
  • Rising labor costs and inconveniences of employing a manual workforce in North America and Europe
  • Technological advancements in Europe
  • Advent of industry 4.0 in Europe
  • Growing automation demand from Asia Pacific
  • Growing demand for automation in Europe and Asia Pacific from SMEs
  • Growing demand for personalized Automated Guided Vehicles (AGVs) in China
  • Improving industrial sector and enhancing productivity in Latin American economies
  • Growth in the aviation industry in MEA
Pitfalls & Challenges:
  • High initial costs
  • Lack of awareness
  • Real-time technical challenges

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Rise in adoption industrial trucks in the e-commerce industry to improve production processes

Asia Pacific Material Handling Equipment Market By Product

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In 2018, the industrial trucks market accounted for over 15% of the global material handling equipment market share and will witness high growth owing to the rising adoption of Automated Guided Vehicles (AGVs) in Asia Pacific countries including China, India, and Japan. These vehicles use carts, pallets or trays and are programmed to move between different manufacturing and warehouse stations without a driver. The logistics market benefits from optimized workflow procedures, high productivity levels, and reduction of labor & operating costs. The emergence of technologically advanced vehicles has enabled independent usage without the need to support the movement of material handling equipment. They are also being used in warehouses and typically follow pre-planned routes. In addition, the incorporation of tracking software and cost-effective sensors has positively affected the functioning of the equipment, leading to the rise in the adoption of AGVs in several industrial sectors such as e-commerce and general merchandise.

Growing need for reliable and flexible automated systems to improve operations & productivity in food retail applications

In the food retail industry, the equipment is used to handle, store, and move food items. The material handling solution providers are offering retailers reliable, flexible, and automated solutions and software for store replenishment, multichannel fulfillment, and direct-to-consumer fulfillment. In addition, the material handling processes are enabling supreme performance and high uptime for peak-season productivity and are helping in moving more pallets per shift, reducing the product damage with careful handling. The growing popularity of technologies, such AGVs, and Warehouse Management Systems (WMS), is offering benefits such as low errors & costs and a rise in picking accuracy, encouraging the industry to adopt these systems to improve operations & productivity.

Increasing technology advancements and the advent of Industry 4.0 in Europe

Europe Material Handling Equipment Market By Country

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The European market will witness high growth owing to the rise in advancements in Industry 4.0., which include the inclusion of technology trends such as automation, big data, robotics, and IoT. The usage of these advanced technologies is anticipated to drive production and improve efficiency by transferring computational and decision-making powers to robotics systems. The proliferation of this trend provides major growth opportunities to the manufacturers operating in the market. For instance, Comau, a subsidiary of Fiat Chrysler Automobiles, an Italy-based automaker, has integrated Industry 4.0 by developing Advanced Use Robotic Arm (AURA), a technology that collaborates with humans and optimizes working processes in heavy payload collaborative applications. Such technological advancements in the region are expected to provide high growth benefits to the market growth.

Product launches and partnerships are the key growth strategies

Players in the material handling equipment market share are adopting several strategies such as partnerships & collaborations, new service launches, and product developments, to enhance their offerings and target a wider customer base. For instance, in December 2017, Hyster-Yale Materials Handling, Inc. announced the acquisition of Zheijang Maximal Forklift Company Limited, a China-based manufacturer of forklifts. The acquisition helped the company to expand its global manufacturing capabilities, strengthening the market presence. Some of the major companies include KUKA AG, Hyster-Yale Materials Handling, Inc., Intelligrated, Inc., Dematic GmbH & Co., KG, Kion Group AG, JBT Corporation, Flexlink, Daifuku Co., Ltd., and Columbus McKinnon, among others.

The material handling equipment market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2014 to 2025, for the following segments:

Material Handling Equipment Market, By Product

  • Storage and handling equipment
    • Racks
    • Stacking frames
    • Shelves, bins and drawers
    • Mezzanines
  • Industrial trucks
    • Automated guided vehicles (AGVs)
    • Hand, platform and pallet trucks
    • Order pickers
    • Pallet jacks
    • Side-loaders
    • Walkie stackers
  • Bulk material handling equipment
  • Robotics
  • Automated Storage & Retrieval System (AS/RS)
    • Unit-load AS/RS
    • Mini load AS/RS

Material Handling Equipment Market, By Application

  • 3PL
  • E-Commerce
  • General merchandise
  • Food Retail
  • Food & beverage
  • Durable manufacturing

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
    • Colombia
    • Peru
    • Bolivia
  •  MEA
    • GCC


Frequently Asked Questions (FAQ) :

The market size of material handling equipment surpassed USD 140 billion in 2018.
The industry share of material handling equipment is anticipated to grow at 6% CAGR between 2019 to 2025.
Material handling equipment refers to tools and systems, which are used for transporting, protecting, controlling and retrieving the products and materials. These equipments are used in warehouses and manufacturing facilities for the fast movement of goods, locating stocks, and preparing orders.
Automation in material handling equipment helps in delivering high-quality products and reduces operational costs. E-commerce and 3PL companies are progressively implementing automated material handling equipment to reduce the product delivery time to consumers and for the storage of goods in distribution centers and warehouses to guarantee fast delivery of products.
According to this forecast report by GMI, the industry size exceeded USD 140 billion, globally in 2018 and is estimated to grow at over 6% CAGR up to 2025.

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Premium Report Details

  • Published Date: Oct 2019
  • Pages: 395
  • Tables: 417
  • Charts / Figures: 39
  • Companies covered: 25
  • Countries covered: 20

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