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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, Manufacturing [Durable, Non-Durable], General Merchandise, Food & Beverage, Food Retail, Pharmaceutical/Healthcare), By Type (Manufacturer, Distributor), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI1384
  • Published Date: Mar 2021
  • Report Format: PDF

Industry Trends

Material Handling Equipment Market size surpassed USD 140 billion in 2020 and is projected to witness around 6% CAGR from 2021 to 2027. The expanding industrial sector is incorporating advanced material handling equipment to maximize its productivity, boosting industry growth.

What is the importance of material handling equipment?

A material handling equipment facilitates the movement, storage, and control of products & materials throughout the warehousing, manufacturing, distribution, consumption, and disposal processes. These machines enable the fast movement of heavy material and large volumes of goods efficiently. Material handling equipment reduces the need for human intervention in industrial facilities by automating several processes.

Material Handling Equipment Market

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Several government organizations are focusing on the advancement of the industries through favorable initiatives. Those initiatives will fuel the adoption of high-performance material handling equipment across industrial facilities. The MHE industry will gain traction with increasing awareness of replacing old manual techniques with new machines to maximize throughput.

In 2020, the coronavirus (COVID-19) pandemic had negatively impacted the material handling equipment market growth. Several government organizations had imposed stringent lockdowns to stop the spread of the virus. This hampered the global supply chains, halted production facilities, and business expansion plans of large manufacturers. However, with the resumption of industrial activities following the relaxation in lockdown measures, the market will regain traction in 2021. The industry is expected to showcase growth with increasing demand from the e-commerce market during the ongoing pandemic. A rise in the number of people preferring online shopping will encourage e-commerce providers to modernize their warehouses, supporting the market outlook.

Increasing demand for high-quality robots from the developed automotive sector in Germany

In 2020, Germany material handling equipment market revenue worth USD 6 billion and is anticipated to showcase steady growth from 2021 to 2027. High demand for robotics solutions from the developed automotive industry is fueling the regional market expansion. The presence of global manufacturers, such as BMW AG and Mercedes-Benz, that employ sophisticated material handling equipment in production facilities to pick up objects from the conveyor belt will spur market growth.

As precision is crucial in automotive manufacturing, robotic solutions enable to pick and place components accurately without damaging them. Robots also enable the installation of parts during the assembly process. They are also used for welding, machine tending, and internal logistics in facilities. Robotics solutions automate several processes in the factory, in turn, maximizing productivity. High demand for robots that ensure fast transfer of automobile parts throughout the facility will augment the market statistics.

The expanding U.S. e-commerce sector to drive the adoption of material handling equipment in warehouses

U.S. Material Handling Equipment Market

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In the U.S., demand for material handling equipment market from e-commerce sector is poised to rise at a 4% CAGR through 2027. The e-commerce market in the country is expanding with players including eBay Inc. and Amazon.com, Inc., focusing on strengthening their regional presence. As of January 2020, Amazon.com, Inc. has about 200,000 robots operational within its warehouses in the U.S. The online retailing market has gained traction in the region due to the increasing internet penetration in recent years.

E-commerce players focus on upgrading their distribution centers and warehouses to ensure on-time delivery to customers. There will be a high demand for material handling equipment that will enable efficient storage and transfer of goods in a facility. The market will see decent growth with the growing penetration of digitalization across e-commerce warehouses.

Manufacturers offering a wide range of products online to fuel the market demand

In the material handling equipment market, manufacturers revenue is estimated to register more than 7% growth rate from 2021 to 2027. Original equipment manufacturers are offering their solutions through physical stores and online channels to increase their sales and market share. Consumers prefer direct sales channels to ensure the authenticity of the machines. There is a rise in the number of counterfeit products being sold through third-party online retailers. This has further encouraged consumers to buy products directly from the company’s website or physical retail store. Manufacturers advertise a wide range of products on their website, enabling consumers to compare different machines to select the best suited choice.

The expanding pharmaceutical industry in Asia Pacific to augment the demand across production facilities

Asia Pacific Material Handling Equipment Market

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The Asia Pacific accounted for over 35% of the material handling equipment market revenue share in 2020. The pharmaceutical market in the region is the second largest globally after North America. The Japan pharmaceutical market valued at USD 95 billion in 2019, according to the region’s Ministry of Health, Labour and Welfare (MHLW). The industry is adapting to new innovations, technologies, and digital transformation to maximize productivity. This will fuel the demand for high-quality material handling equipment for fast handling of products in production facilities.

Conveyor systems will witness an increase in deployment in facilities to automate the movement of large volume of products such as medicinal tablets and syringes. As pharmaceutical companies must maintain hygiene in the facilities, there will be an increasing demand for material handling equipment that can be easily dismantled and cleaned regularly.

Expanding geographic presence to boost industry position forms a key strategy amongst market players

Players operating in the market are focusing on expanding their regional presence to sustain the growing competition. They are undertaking several expansion strategies to increase their market position. They are also strengthening their production capabilities to cater to the increasing demand for material handling equipment across several industry verticals.

Key players in the material handling equipment market include Toyota Industries Corporation, KION GROUP AG, Jugheinrich AG, Daifuku Co., Ltd., Mitsubishi Caterpillar Forklift America, Inc., SSI Schaefer Group, Crown Equipment Corporation, Hyster-Yale Materials Handling, Inc., Honeywell Intelligrated, and Beumer Group GmbH & Co., Kg.

This market research report on material handling equipment includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments:

Market, 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
  • Automate Storage & Retrieval System (AS/RS)
    • Unit load AS/RS
    • Mini load AS/RS

Market, By Application

  • 3PL
  • E-Commerce
  • Manufacturing
    • Durable
    • Non-durable
  • Food & beverages
  • General merchandise
  • Food retail
  • Pharmaceutical/healthcare

Market, By Type

  • Manufacturer
  • Distributor

The above information has been provided for the following regions and countries:

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


Authors: Preeti Wadhwani, Saloni Gankar

Frequently Asked Questions (FAQ) :

The market size for material handling equipment was recorded at over USD 140 billion in 2020 and will expand at a CAGR of more than 6% through 2027.

Germany market revenue was valued at USD 6 billion in 2020 and will grow with rising demand for robotics solutions in the automotive sector.

Material handling equipment demand from e-commerce sector in the U.S. will grow at a CAGR of 4% owing to the presence of major industry players.

The overall market revenue from the manufacturers segment is set to record a growth rate of 7% through 2027.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 28
  • Tables & Figures: 555
  • Countries covered: 23
  • Pages: 584

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