How big is the Material Handling Industry Market | Segmentation & Trends 2031

Q: What is the projected size of the material handling equipment market by 2031?

The material handling equipment market is forecast to reach USD 66.7 Billion by 2031.

Q: What is the expected growth rate of the material handling equipment market?

The material handling equipment market is expected to grow at a CAGR of 9.5% during 2025-2031.

Q: What are the key drivers for the material handling equipment market?

The market is driven by rapid industrial automation, growth in e-commerce and the need for efficient material flow in manufacturing facilities.

Q: Who are the top players in the material handling equipment industry?

Key players include Toyota Industries Corporation, Jungheinrich AG, Hyster-Yale Materials Handling, and Daifuku Co., Ltd.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6514

Publication Date: Jul 2025

How Big Is the Material Handling Industry Market?

According to 6Wresearch internal database and industry insights, the Global Material Handling Equipment market was valued at USD 36.8 Billion in 2024 and is projected to reach USD 66.7 Billion by 2031, expanding at a CAGR of 9.5% during 2025–2031.

This growth is mainly driven by rising adoption of automation in warehousing and manufacturing, increased e-commerce activity, and the demand for safer and more efficient intralogistics operations across industries.

Growth Factors of the Material Handling Equipment Market

Rapid expansion of the e-commerce and retail logistics sector.
Increasing automation and digitalization in manufacturing environments.
Rising focus on worker safety and ergonomic load-handling solutions.
Surge in demand for electric and battery-powered handling systems.
Government incentives supporting smart factory adoption.
Growth in cold chain logistics and pharmaceutical storage requirements.

Material Handling Equipment Market Trends

Material Handling Equipment Market is undergoing a shift toward smart, automated, and electric-powered systems. There is growing deployment of Automated Guided Vehicles (AGVs), collaborative robots, and IoT-enabled tracking systems.

Sustainable solutions such as lithium-ion battery-powered forklifts and energy-efficient conveyors are also in demand. Integration of AI, machine vision, and predictive maintenance capabilities is shaping the next-gen material handling landscape.

Emerging Developments in the Material Handling Equipment Market

Emerging innovations in the Material Handling Equipment Industry include the integration of AI-driven fleet management software, warehouse execution systems (WES), and real-time inventory tracking via RFID and sensors. Companies are exploring autonomous forklifts, multi-level robotic pickers, and digital twins to optimize material flow. Startups and tech giants are collaborating to develop highly adaptive and scalable automation platforms for modular warehouse setups.