Bulk Material Handling Equipment Market - By Product (Conveyor Belts, Stackers, Reclaimers, Elevators), By Sales Channel (Manufacturers, Distributors), By Application & Forecast, 2024 – 2032

Bulk Material Handling Equipment Market Size

Bulk Material Handling Equipment Market was valued at USD 46.5 billion in 2023 and is estimated to register a CAGR of over 4.5% between 2024 & 2032. The industry is driven by the exponential growth of e-commerce and logistics, necessitating efficient handling of goods in warehouses and fulfillment centers. The surge in online shopping has led to an increase in order volumes. Bulk material handling equipment play a pivotal role in automating the movement of goods, reducing manual labor, and expediting order fulfillment processes. To meet the growing demand for bulk material handling equipment from e-commerce & logistics industry manufacturers are launching products in the market.
 

For instance, in November 2021, ePicker introduced a specialized range of material handling equipment for e-commerce, featuring electric pallet jacks, stackers, work assist vehicles, and lithium forklifts. This elite line aims to optimize handling tasks, prioritizing safety, efficiency, and quality across industries.
 

The adoption of automation and Industry 4.0 has transformed manufacturing processes, leading to emphasis on automation and smart technologies. Bulk material handling equipment, such as conveyors, sorters, and stackers, streamline material flow within manufacturing facilities. Optimizing material handling processes results in reduced downtime, improved throughput, and overall operational excellence. Bulk material handling equipment automates and accelerates material transport, reducing manual labor requirements and minimizing the risk of errors. Increasing manufactures focus on enhancing operational efficiency is expected to grow the market.
 

High maintenance and operating costs pose a significant challenge for the bulk material handling equipment industry expansion. Complex machinery and harsh operating environments lead to substantial maintenance expenses including repair, replacement, and downtime costs. Energy consumption and labor expenses also contribute to the overall operating costs, impacting the profitability of material handling operations and deterring potential buyers from investing in new equipment.
 

Bulk Material Handling Equipment Market Trends

The bulk material handling equipment industry is witnessing a shift toward industrial automation. Companies are increasingly adopting advanced technologies, such as IoT, robotics, and AI, to improve operational efficiency, safety & productivity. The integration of smart sensors and data analytics enables real-time monitoring & predictive maintenance, optimizing material handling processes and driving overall market growth. For instance, in November 2023, Mitsubishi developed an innovative AI-based solution - M's BRIDGE, which is a suite of predictive maintenance solutions that monitor elevators 24/7 and empower technicians to address issues promptly. This AI technology works in cooperation with humans, enhancing their ability to provide superior elevator and escalator solutions.
 

The growing emphasis on sustainability is influencing the market. Manufacturers are developing eco-friendly solutions with reduced energy consumption and emissions. There is also a rising demand for equipment with features such as dust suppression systems and noise reduction technology to minimize the environmental impact. Sustainability-focused initiatives by governments and corporations are propelling the adoption of green material handling practices across industries. Such initiatives will boost market growth over the forecast period.
 

Bulk Material Handling Equipment Market Analysis

Based on product, the market is divided into conveyor belts, stackers, reclaimers, and elevators. In 2023, the conveyor belts segment accounted for a market share of over 35%. Manufacturers are developing conveyor belt equipment with advanced features, such as variable speed controls, self-cleaning mechanisms & modular designs, for easy installation and maintenance. There is also a trend toward the integration of IoT sensors & data analytics to enable predictive maintenance and optimize conveyor performance, enhancing overall operational efficiency. For instance, in December 2023, Sonata Software, a leading modernization engineering business, formed a strategic alliance with AMMEGA Group, a global leader in conveyor belts and power transmission. The collaboration intends to speed up AMMEGA's business growth by using Sonata's modernization solution & experience in end-to-end services and modernization engineering.
 

Based on sales channel, the market is categorized into manufacturers and distributors. In 2023, the manufacturers segment accounted for a market share of around 70% and is projected to grow significantly till 2032. Manufacturers are increasingly focusing on customization and modular designs to efficiently meet diverse customer requirements. This allows for the creation of tailored solutions for specific industries and applications, enhancing overall flexibility & scalability. Manufacturers are also investing in research & development to integrate advanced technologies, such as automation and robotics, further optimizing equipment performance and spurring market competitiveness. For instance, in July 2023, Metso acquired Brouwer Engineering, an Australian company with expertise in automation, control systems, and electrical solutions tailored for bulk material handling. This strategic move enhanced Metso's extensive portfolio in bulk material-handling equipment and services. By integrating Brouwer Engineering's proficiency in electrical and control systems, Metso aimed to offer an expanded range of solutions to its clientele.
 

Asia Pacific dominated the global market with a major share of around 35% in 2023. The regional bulk material handling equipment market is experiencing significant growth owing to rapid industrialization and infrastructural development. Emerging economies in the region are investing heavily in the construction, mining, and manufacturing sectors, thereby increasing the demand for material handling solutions. Additionally, technological advancements and government initiatives promoting industrial automation are fueling market expansion, particularly in countries including China and India. For instance, in June 2023, thyssenkrupp Industries India and Valmet collaborated to jointly promote & distribute process automation systems across India and other global markets, focusing on the energy sector & various process industries such as sugar, fertilizers, petrochemicals, and metals. The two companies aimed to leverage their combined expertise to offer advanced automation solutions tailored to the specific needs of these industries.
 

Bulk Material Handling Equipment Market Share

Honeywell International Inc and Mitsubishi Electric Corporation dominate the market with around 9% market share. Honeywell consistently expands its product portfolio to offer a comprehensive range of bulk material handling equipment. By focusing on technological innovation, global expansion, customization, and strategic collaborations the company is enhancing its position in the market.
 

Mitsubishi Electric places a strong emphasis on research and development to bring innovative technologies to the bulk material handling sector. The company also engages in strategic collaborations and partnerships with other industry players. These alliances foster the exchange of expertise and promote the integration of complementary technologies into their bulk material handling equipment. Mitsubishi also prioritizes after-sales services and support. This includes maintenance, training programs, and continuous improvement initiatives to ensure the optimal performance of their equipment.
 

Bulk Material Handling Equipment Market Companies

Major players operating in the bulk material handling equipment industry are:

• Beumer Group
• Continental AG
• Crown Equipment Corporation
• Daifuku Co., Ltd.
• Honeywell International Inc
• Jungheinrich AG
• MHS Conveyor
• Mitsubishi Electric Corporation
• SSI Schaefer Group
• TGW Logistics Group GmbH
   

Bulk Material Handling Equipment Industry News

• In January 2024, Mitsubishi Logisnext Americas launched a telematics system that provides fleet-wide insights and is compatible with a wide range of material handling equipment. The solution is an integrated system that enables users to track equipment utilization, effects, and other vital parameters.
   
• February 2023, Dorner launched DCMove Belted Conveyor, a new conveyor for bulk material handling and e-commerce applications. The conveyor has standard features & specifications including a wide load capacity and a motor mounted inside the conveyor tails to lower the footprint of large bulk material handling systems.
   

The bulk material handling equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:

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Market, By Product

• Conveyor belts
  • Case conveyors
  • Pallet conveyors 
• Stackers
• Reclaimers
• Elevators
• Others

Market, By Application

• 3PL
• E-commerce
• General merchandise
• Food retail
• Food & beverage
• Manufacturing
• Pharmaceutical/Healthcare

Market, By Sales Channel

• Manufacturers
• Distributors

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• MEA
  • UAE
  • South Africa
  • Saudi Arabia
  • Rest of MEA