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Material Handling Equipment Market Share

Report ID: GMI1384
Published Date: Dec 2024
Report Format: PDF

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Material Handling Equipment Market Share

Material Handling Equipment Company Market Share, 2024

Toyota, KION, Jungheinrich, Hyster-Yale, Daifuku, Crown Equipment, and SSI Schaefer Group collectively held a significant revenue share of 26% in the material handling equipment industry in 2024. Toyota Industries Corporation leads with a comprehensive portfolio of material handling solutions, including forklifts and automated systems. Its strong global presence, extensive dealer network, and emphasis on innovation ensure dominance in diverse industries. The company’s investment in sustainability and cutting-edge technologies, such as IoT-enabled equipment, solidifies its competitive advantage.

KION Group AG is renowned for its high-quality forklifts, automated warehouse systems, and innovative solutions for intralogistics. Leveraging its strong European base and expanding global reach, the company focuses on advanced automation and electrification to meet customer demands. Strategic acquisitions and partnerships further enhance its capabilities in warehouse optimization.

Material Handling Equipment Market Companies

Major players operating in the material handling equipment industry are:

Crown Equipment
Daifuku
Fives Group
Hyster-Yale
JBT
Jungheinrich
KION
Murata Machinery
SSI Schaefer Group
Toyota

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The global market for material handling equipment was valued at USD 178.2 billion in 2024 and is projected to grow at a 6% CAGR from 2025 to 2034, driven by the rapid expansion of e-commerce.

In 2024, the manufacturer segment generated USD 126.4 billion in revenue, led by the need for operational efficiency and automation in manufacturing processes.

The Third-Party Logistics (3PL) segment accounted for 20% of the material handling equipment market in 2023, due to the increasing reliance on outsourcing logistics functions.

In 2024, China held over 41% of the Asia Pacific material handling equipment market, propelled by rapid industrialization, infrastructure development, and growing e-commerce activities.

Key players in the material handling equipment industry include Crown Equipment, Daifuku, Fives Group, Hyster-Yale, JBT, Jungheinrich, KION, Murata Machinery, SSI Schaefer Group, and Toyota.