Home > Industrial Machinery > Material Handling Equipment > Material Handling Equipment Market

Material Handling Equipment Market Share

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

Download Free Sample

Material Handling Equipment Market Share

Toyota Industries Corporation and Kion Group AG hold a significant revenue share in the market. Toyota Industries Corporation focus on continuous innovation and developing advanced material handling solutions to meet evolving customer needs.

KION has pursued a growth strategy through strategic acquisitions and partnerships to expand its product portfolio and global reach. Acquiring companies like Dematic to strengthen its presence in the automation and supply chain solutions market and forming partnerships to enhance technological capabilities.

Material Handling Equipment Market Companies

Major companies operating in the material handling equipment industry are:

Crown Equipment Corporation
Daifuku Co., Ltd.
Fives Group
Hyster-Yale Materials Handling, Inc
JBT Corporation
Jungheinrich AG
Kardex AG
KION Group AG
KUKA AG
Liebherr Group
Mitsubishi Caterpillar Forklift America, Inc.
Murata Machinery, Ltd.
SSI Schaefer Group
System Logistics SPA
TGW Logistics Group Gmbh
Toyota Industries Corporation

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of material handling equipment reached USD 168 billion in 2023 and is set to observe 5.5% CAGR from 2024 to 2032, owing to the growing e-commerce and logistics sectors.

The manufacturers segment accounted for a market share of around 60% in 2023, as industries undergo technological transformations and seek heightened operational efficiency and automation.

Asia Pacific market accounted for 30% of the revenue share in 2023, due to expanding industrialization, rapid infrastructure development, and increasing e-commerce activities.

Crown Equipment Corporation, Daifuku Co., Ltd., Fives Group, Hyster-Yale Materials Handling, Inc, JBT Corporation, Jungheinrich AG, Kardex AG, KION Group AG, KUKA AG, Liebherr Group, Mitsubishi Caterpillar Forklift America, Inc., Murata Machinery, Ltd., SSI Schaefer Group and System Logistics SPA.