Material Handling Equipment Market Size Worth $ 425.93 Billion by 2034 | CAGR: 5.5%

The global material handling equipment market size is expected to reach USD 425.93 billion by 2034, according to a new study by Polaris Market Research. The report “Material Handling Equipment Market Size, Share, Trends, Industry Analysis Report: By Equipment Type (Transport Equipment, Positioning Equipment, Storage Equipment, and Others), Industry, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The material handling equipment (MHE) market growth is attributed to various factors such as the increasing demand for automation, advancements in robotics, and the rising e-commerce adoption. As industries strive to improve operational efficiency, reduce labor costs, and meet fast-paced delivery demands, the adoption of automated systems, including robots, automated guided vehicles (AGVs), and AI-driven solutions, is accelerating. MHE market opportunities are emerging in the development of energy-efficient and eco-friendly equipment, aligning with sustainability goals.

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Trends such as the integration of IoT for real-time tracking and data analytics, along with the rise of smart warehouses, are reshaping the market. With industries such as automotive, pharmaceuticals, and food processing expanding their use of MHE, the market is set for continued growth as companies seek advanced solutions to optimize material handling operations.

Material Handling Equipment Market Report Highlights:

• Based on equipment type, the transport equipment segment holds the largest share of the material handling equipment (MHE) market revenue due to its widespread use in moving materials efficiently across warehouses and production facilities. However, the storage equipment segment is experiencing the highest growth, driven by the increasing demand for optimized space utilization and automated storage systems in warehouses.
• By industry, the consumer goods & electronics segment dominates the material handling equipment market share owing to the rapid growth of e-commerce and the need for efficient material handling in high-demand sectors. The pharmaceutical segment is experiencing the highest growth, driven by the increasing need for regulatory-compliant and specialized equipment for handling sensitive goods.
• North America remains the dominant region in the material handling equipment market, supported by advanced infrastructure and high demand from industries such as automotive and e-commerce. Asia Pacific is the highest growing region, driven by rapid industrialization, increasing automation in manufacturing, and growing e-commerce sectors in countries such as China and India.

Polaris Market Research has segmented the material handling equipment market report on the basis of equipment type, industry, and region:

By Equipment Type Outlook (Revenue – USD Billion, 2020–2034)

• Transport Equipment
• Positioning Equipment
• Storage Equipment
• Others

By Industry Outlook (Revenue – USD Billion, 2020–2034)

• Consumer Goods & Electronics
• Automotive
• Food & Beverages
• Pharmaceutical
• Construction
• Mining
• Semiconductors
• Others

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Material Handling Equipment Market Report Scope