Market Overview:

The Material Handling Technology Market size is estimated to reach $213.3 billion by 2030, growing at a CAGR of 5.7% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Material Handling Technology Market – By Technology (Manual, Semi-Automated, Fully Automated), By Equipment Type (Conveyors & Sortation Systems, Storage & Handling Equipment, Industrial Trucks & Lifts, Automated Guided Vehicles (AGVs) & Robots, Others), By End-User Industry (Manufacturing, Retail & E-commerce, Food & Beverage, Healthcare, Construction, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Rising adoption of autonomous mobile robots (AMRs) and Expansion of the Cold Chain Logistics sector are fueling the growth of the Material Handling Technology industry during the forecast period.

North America Dominated the Market in 2023:

In 2023, North America emerged as the leader in the material handling technology market, commanding a 38% share. This dominance is fueled by the region's dynamic industrial sectors—including manufacturing, automotive, and aerospace—which drive significant demand for sophisticated material handling solutions to streamline production and logistics. The surge in e-commerce and retail also accelerates the need for advanced warehouse automation and fulfillment technologies. Additionally, stringent safety regulations and labor standards compel companies to invest in innovative material handling technologies to enhance both workplace safety and operational efficiency. Supported by a robust economy, continuous technological advancements, and a focus on innovation, North America firmly establishes itself as a key player in the global material handling technology landscape. 

Material Handling Technology Market: Key Takeaways


E-Commerce Boom Driving Demand for Efficient Logistics:

The exponential growth of e-commerce is a significant driver for the Material Handling Technology market. With online retail sales increasing rapidly, the need for efficient warehousing and logistics solutions has become paramount. Automated systems like conveyor belts, robotic sorters, and automated guided vehicles (AGVs) are essential to handle the massive volume of orders quickly and accurately. The demand for real-time inventory management and rapid order fulfillment propels innovation in material handling technologies, making them indispensable for companies aiming to enhance operational efficiency and meet customer expectations in the competitive e-commerce landscape.

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Growing Emphasis on Workplace Safety:

The increasing focus on workplace safety is driving the adoption of advanced material handling technologies. Companies are prioritizing employee well-being and risk mitigation, leading to the implementation of automated systems that reduce the need for manual labor in hazardous environments. Technologies like autonomous vehicles, ergonomic lifting devices, and safety sensors minimize the risk of accidents and injuries, ensuring a safer working environment. This emphasis on safety not only protects workers but also enhances productivity and reduces liability costs. The growing awareness of workplace safety standards across industries fuels the demand for material handling technologies that prioritize employee health and operational efficiency. 

Scope of the Report: 

        Report Metric

                           Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

5.7%

Market Size in 2030

$213.3 billion

Segments Covered

By Technology, By Equipment Type, By End-User and By Region


Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).




Key Market Players

  1. Toyota Industries Corporation

  2.   KION Group AG

  3. Jungheinrich AG

  4. Crown Equipment Corporation

  5. Hyster-Yale Materials Handling, Inc.

  6. Mitsubishi Logisnext Co., Ltd.

  7. Caterpillar Inc.

  8. Daifuku Co., Ltd.

  9. Komatsu Ltd.

  10.  Liebherr Group

Recent Developments:

  • In June 2024, ChargePoint Technology unveiled a robotic material handling solution aimed at enhancing safety and efficiency in solid dosage drug manufacturing. The system integrates PuroGrip and PuroVaso containers with ChargePoint’s automated Split Butterfly Valve, enabling quick upgrades to production lines and reducing manual handling risks.
  • In March 2024, Applied Manufacturing Technologies launched ROBiN, a robotic induction system using AI and machine vision to enhance efficiency in automated storage and retrieval systems (ASRS). ROBiN optimizes warehouse operations by handling various case sizes and orientations without prior knowledge, boosting throughput and flexibility.

Material Handling Technology Market: Competitive Landscape

Key companies profiled in the Material Handling Technology Market are Toyota Industries Corporation, KION Group AG, Jungheinrich AG, Crown Equipment Corporation, Hyster-Yale Materials Handling, Inc., Mitsubishi Logisnext Co., Ltd., Caterpillar Inc., Daifuku Co., Ltd., Komatsu Ltd., Liebherr Group and others.

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IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

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Mr. Venkat Reddy
IndustryARC
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