Material Handling Equipment Market Overview: Size, Share, and Emerging Growth Trends
Market Overview Global Material Handling Equipment Market size and share is currently valued at USD 248.76 billion in 2024 and is anticipated to generate an estimated revenue of USD 425.93 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.5% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034 Material handling equipment encompasses a wide range of machinery and systems used to transport, lift, store, and retrieve goods in various industries. The market is broadly categorized into handling and storage equipment, engineered systems, industrial trucks, and bulk material handling equipment. One of the primary forces fueling growth in the market is the increasing reliance on warehouse automation in the logistics and e-commerce industries. The rise in online retailing has led to a sharp increase in the volume of goods being moved and stored, compellin...