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Material Handling Equipment Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034

Publisher Global Market Insights
Published Dec 09, 2024
Length 242 Pages
SKU # GMI19463489

Description

Material Handling Equipment Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034


The global material handling equipment market is projected to grow from USD 178.2 billion in 2024, expanding at a CAGR of 6% between 2025 and 2034. The rise of e-commerce is a key driver, with growing consumer expectations for rapid delivery pushing online retailers to adopt efficient solutions for inventory management, product sorting, and order fulfillment. Automated systems such as robotic pickers, conveyors, and automated guided vehicles (AGVs) are increasingly essential to meet the demand for same-day and next-day deliveries.

Investments in warehouse infrastructure and distribution centers fuel the need for advanced material handling equipment. Companies scaling their operations to meet increased e-commerce and retail demands require innovative systems to handle high volumes of goods efficiently. Modern warehouses are rapidly transitioning to automation, leveraging robotic solutions, AGVs, and other advanced technologies to optimize operational efficiency and keep pace with market dynamics.

The market is categorized by type into manufacturers and distributors, with manufacturers generating USD 126.4 billion in revenue in 2024. The manufacturer segment’s growth reflects the rising focus on automation and efficiency in production processes. As supply chain dynamics evolve, manufacturers increasingly rely on sophisticated material handling solutions to enhance productivity and streamline operations, reinforcing the critical role of these systems in modern industries.

By application, the market spans sectors including e-commerce, 3PL, food and beverage, manufacturing, pharmaceutical, and general merchandise. The 3PL segment accounted for 20% of the market in 2024, driven by the growing trend of outsourcing logistics. Businesses focusing on their core strengths are turning to third-party logistics providers, heightening the demand for advanced handling systems to ensure seamless and efficient operations.

China material handling equipment market held a 41% share in 2024. The country’s robust industrialization, expanding infrastructure projects, and booming e-commerce activities are major contributors to this growth. Additionally, the region’s manufacturing sector thrives, underscoring the increasing reliance on advanced logistics and supply chain technologies to meet operational demands.

The material handling equipment market is set to witness substantial growth, driven by automation, evolving consumer expectations, and the continuous expansion of industries across sectors. As companies strive for efficiency and scalability, the adoption of innovative material handling solutions is expected to remain a pivotal factor in the global market's progression.

Table of Contents

242 Pages
Chapter 1 Research Methodology
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Market estimates & forecast parameters
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Exclusive Summary
2.1 Industry snapshot
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Power trends
2.1.5 Technology trends
2.1.6 Propulsion trends
2.1.7 Application trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.2.1 IMO
3.2.1.1 MARPOL
3.2.1.2 NOx Emissions Standards
3.2.1.3 SOx Emission Standards
3.2.1.4 Greenhouse Gas Emissions
3.2.2 North America
3.2.2.1 U.S.
3.2.2.1.1 Code of Federal Regulations Part 1407
3.2.2.1.2 Consumer Product Safety Commission
3.2.2.1.3 Diesel Generator EPA Standards
3.2.2.1.5 2002 Recreational Engine Rule
3.2.2.1.6 2003 Category 3 Engine Rule
3.2.2.1.7 2008 Category ½ Engine Rule
3.2.2.1.8 Environment Control Areas
3.2.2.1.9 California
3.2.2.2 Canada
3.2.2.2.1 Marine Machinery Regulations
3.2.3 Europe
3.2.3.1 EU Ecodesign Regulation (EU) 2019/1781 & the amending Regulation (EU) 2021/341
3.2.3.2 Directive 2004/26/EC
3.2.3.3 Directive 1999/32/EC
3.2.3.4 Stage V
3.2.3.4.1 Regulation (EU) 2016/1628
3.2.3.4.2 Machine Directive 2006/42/EC
3.2.3.4.3 Commission Regulation (EU) 2016/631
3.2.3.4.4 ROHS 2 directive (2011/65/UE Regulation)
3.2.4 Asia Pacific
3.2.4.1 Australia
3.2.4.2 India
3.2.4.3 China
3.2.4.3.1 China, I/II Standards
3.2.4.3.2 Domestic Emission Control Areas
3.2.4.4 Japan
3.2.5 Middle East & Africa
3.2.5.1 South Africa
3.2.6 Latin America
3.2.6.1 Brazil
3.2.6.2 Mexico
3.2.6.2.1 NOM-003-SCFI-2014: Electrical Products & Safety Requirements
3.2.6.2.2 UL 674 standard for safety
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Expansion in seaborne trade
3.3.1.2 Increasing maritime tourism
3.3.1.3 Ongoing technological advancements
3.3.2 Industry pitfalls & challenges
3.3.2.1 Surging stringency of emission norms
3.4 Growth potential analysis
3.5 Porter's Analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL Analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Strategy dashboard
4.2.1 ABB
4.2.1.1 Acquisition
4.2.1.2 Business development
4.2.1.3 Installation/supply
4.2.1.4 Business expansion
4.2.1.5 Partnership
4.2.2 IHI Power Systems
4.2.2.1 Installation/supply
4.2.3 Ingeteam
4.2.3.1 Acquisition
4.2.4 Kongsberg
4.2.4.1 Business expansion
4.2.5 MAN Energy Solutions
4.2.5.1 Installation/supply
4.2.5.2 Partnership
4.2.6 Mitsubishi Heavy Industries
4.2.6.1 Investment
4.2.6.2 Partnership
4.2.7 STX Heavy Industries
4.2.7.1 Acquisition
4.2.8 Volvo Penta
4.2.8.1 Acquisition
4.2.8.2 Achievement
4.2.9 Wärtsilä
4.2.9.1 Installation/supply
4.2.10 Yamaha Motor Co
4.2.10.1 Acquisition
4.2.11 Yanmar Holdings
4.2.11.1 Partnership
4.2.11.2 Business expansion
4.2.11.3 Installation/supply
4.2.12 Cummins Inc.
4.2.12.1 Partnership
4.2.12.2 Business expansion
4.2.13 Anglo Belgian Corporation nv
4.2.13.1 Installation/Supply
4.2.14 Deere & Company
4.2.14.1 Business expansion
4.2.15 Caterpillar
4.2.15.1 Acquisition
4.2.16 Rolls Royce
4.2.16.1 Installation/supply
4.2.16.2 Acquisition
4.2.16.3 Joint venture
4.2.16.4 Partnership
4.3 Innovation & sustainability landscape
4.3.1 ABB
4.3.2 Scania
4.3.3 Wärtsilä
4.3.4 Weichai Group
4.3.5 Yanmar
4.3.6 Volvo Penta
4.3.7 Anglo Belgian Corporation nv
4.3.8 Caterpillar
4.3.9 Rolls-Royce plc
4.3.10 Cummins Inc.
Chapter 5 Market, By Product
5.1 Key trends
5.2 Diesel
5.3 Wind & solar
5.4 Gas turbine
5.5 Fuel cell
5.6 Steam turbine
5.7 Natural gas
5.8 Hybrid
5.9 Others
Chapter 6 Market, By Power
6.1 Key trends
6.2 20,000 HP
Chapter 7 Market, By Technology
7.1 Key trends
7.2 Low speed
7.3 Medium speed
7.4 High speed
Chapter 8 Market, By Propulsion
8.1 Key trends
8.2 2-stroke
8.3 4-stroke
Chapter 9 Market, By Application
9.1 Key trends
9.2 Merchant
9.3 Offshore
9.4 Cruise & ferry
9.5 Navy
9.6 Others
Chapter 10 Market, By Region
10.1 Key trends
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East & Africa
10.6 Latin America
Chapter 11 Company Profiles
11.1 ABB
11.1.1 Global Overview
11.1.2 Business Overview
11.1.3 Financial Data
11.1.4 Product Landscape
11.1.5 Strategic Outlook
11.1.6 SWOT Analysis
11.2 Anglo Belgian Corporation
11.2.1 Global Overview
11.2.2 Market/Business Overview
11.2.3 Financial Data
11.2.4 Product Landscape
11.2.5 Strategic Outlook
11.2.6 SWOT Analysis
11.3 Caterpillar
11.3.1 Global Overview
11.3.2 Market/Business Overview
11.3.3 Financial Data
11.3.4 Product Landscape
11.3.5 Strategic Outlook
11.3.6 SWOT Analysis
11.4 Cummins
11.4.1 Global Overview
11.4.2 Market/Business Overview
11.4.3 Financial Data
11.4.4 Product Landscape
11.4.5 Strategic Outlook
11.4.6 SWOT Analysis
11.5 DAIHATSU DIESEL MFG.CO., LTD.
11.5.1 Global Overview
11.5.2 Market/Business Overview
11.5.3 Financial Data
11.5.4 Product Landscape
11.5.5 SWOT Analysis
11.6 Deere & Company
11.6.1 Global Overview
11.6.2 Market/Business Overview
11.6.3 Financial Data
11.6.4 Product Landscape
11.6.5 SWOT Analysis
11.7 Deutz AG
11.7.1 Global Overview
11.7.2 Market/Business Overview
11.7.3 Financial Data
11.7.4 Product Landscape
11.7.5 SWOT Analysis
11.8 IHI Power Systems Co., Ltd.
11.8.1 Global Overview
11.8.2 Market/Business Overview
11.8.3 Financial Data
11.8.4 Product Landscape
11.8.5 SWOT Analysis
11.9 Ingeteam
11.9.1 Global Overview
11.9.2 Market/Business Overview
11.9.3 Financial Data
11.9.4 Product Landscape
11.9.5 Strategic Outlook
11.9.6 SWOT Analysis
11.10 Kawasaki Heavy Industries Ltd.
11.10.1 Global Overview
11.10.2 Market/Business Overview
11.10.3 Financial Data
11.10.4 Product Landscape
11.10.5 SWOT Analysis
11.11 Kongsberg
11.11.1 Global Overview
11.11.2 Market/Business Overview
11.11.3 Financial Data
11.11.4 Product Landscape
11.11.5 Strategic Outlook
11.11.6 SWOT Analysis
11.12 MAN Energy Solutions
11.12.1 Global Overview
11.12.2 Market/Business Overview
11.12.3 Financial Data
11.12.4 Product Landscape
11.12.5 Strategic Outlook
11.12.6 SWOT Analysis
11.13 Mitsubishi Heavy Industries, Ltd.
11.13.1 Global Overview
11.13.2 Market/Business Overview
11.13.3 Financial Data
11.13.4 Product Landscape
11.13.5 Strategic Outlook
11.13.6 SWOT Analysis
11.14 Rolls-Royce plc
11.14.1 Global Overview
11.14.2 Market/Business Overview
11.14.3 Financial Data
11.14.4 Product Landscape
11.14.5 Strategic Outlook
11.14.6 SWOT Analysis
11.15 Scania
11.15.1 Global Overview
11.15.2 Market/Business Overview
11.15.3 Financial Data
11.15.4 Product Landscape
11.15.5 Strategic Outlook
11.15.6 SWOT Analysis
11.16 Siemens
11.16.1 Global Overview
11.16.2 Market/Business Overview
11.16.3 Financial Data
11.16.4 Product Landscape
11.16.5 SWOT Analysis
11.17 STX Engine
11.17.1 Global Overview
11.17.2 Market/Business Overview
11.17.3 Financial Data
11.17.4 Product Landscape
11.17.5 Strategic Outlook
11.17.6 SWOT Analysis
11.18 AB Volvo Penta
11.18.1 Global Overview
11.18.2 Market/Business Overview
11.18.3 Financial Data
11.18.4 Product Landscape
11.18.5 Strategic Outlook
11.18.6 SWOT Analysis
11.19 Wärtsilä
11.19.1 Global Overview
11.19.2 Market/Business Overview
11.19.3 Financial Data
11.19.4 Product Landscape
11.19.5 Strategic Outlook
11.19.6 SWOT Analysis
11.20 Weichai Holding Group Co., Ltd
11.20.1 Global Overview
11.20.2 Market/Business Overview
11.20.3 Financial Data
11.20.4 Product Landscape
11.20.5 SWOT Analysis
11.21 Yamaha Motor Co., Ltd.
11.21.1 Global Overview
11.21.2 Market/Business Overview
11.21.3 Financial Data
11.21.4 Product Landscape
11.21.5 Strategic Outlook
11.21.6 SWOT Analysis
11.22 YANMAR HOLDINGS CO., LTD.
11.22.1 Global Overview
11.22.2 Market/Business Overview
11.22.3 Financial Data
11.22.4 Product Landscape
11.22.5 Strategic Outlook
11.22.6 SWOT Analysis
11.23 HHI Engine & Machiner
11.23.1 Global Overview
11.23.2 Market/Business Overview
11.23.3 Financial Data
11.23.4 Product Landscape
11.23.5 SWOT Analysis
11.24 Research Practices ©Global Market Insights Inc. All Rights Reserved. Page | 14 Marine Propulsion Systems Market Report, 2024_2032 Data Tables TABLE 1 Global marine propulsion systems market, 2019 - 2023 (USD Million) 30 TABLE 2 Global marine propulsion systems market, 2024 - 2028 (USD Million) 30 TABLE 3 Global marine propulsion systems market, 2029 - 2032 (USD Million) 30 TABLE 4 Global marine propulsion systems market, by region, 2019 - 2023 (USD Million) 32 TABLE 5 Global marine propulsion systems market, by region, 2024 - 2028 (USD Million) 32 TABLE 6 Global marine propulsion systems market, by region, 2029 - 2032 (USD Million) 33 TABLE 7 Global marine propulsion systems market, by product, 2019 - 2023 (USD Million) 36 TABLE 8 Global marine propulsion systems market, by product, 2024 - 2028 (USD Million) 36 TABLE 9 Global marine propulsion systems market, by product, 2029 - 2032 (USD Million) 37 TABLE 10 Global marine propulsion systems market, by power, 2019 - 2023 (USD Million) 39 TABLE 11 Global marine propulsion systems market, by power, 2024 - 2028 (USD Million) 40 TABLE 12 Global marine propulsion systems market, by power, 2029 - 2032 (USD Million) 40 TABLE 13 Global marine propulsion systems market, by technology, 2019 - 2023 (USD Million) 41 TABLE 14 Global marine propulsion systems market, by technology, 2024 - 2028 (USD Million) 42 TABLE 15 Global marine propulsion systems market, by technology, 2029 - 2032 (USD Million) 42 TABLE 16 Global marine propulsion systems market, by propulsion, 2019 - 2023 (USD Million) 43 TABLE 17 Global marine propulsion systems market, by propulsion, 2024 - 2028 (USD Million) 43 TABLE 18 Global marine propulsion systems market, by propulsion, 2029 - 2032 (USD Million) 44 TABLE 19 Global marine propulsion systems market, by application, 2019 - 2023 (USD Million) 46 TABLE 20 Global marine propulsion systems market, by application, 2024 - 2028 (USD Million) 46 TABLE 21 Global marine propulsion systems market, by application, 2029 - 2032 (USD Million) 47 ©Global Market Insights Inc. All Rights Reserved. Page | 15 Marine Propulsion Systems Market Report, 2024_2032 Charts & Figures FIG. 1 Forecast approach & model 21 FIG. 2 Breakdown of respondents 22 FIG. 3 Industry snapshot 28 FIG. 4 Industry ecosystem analysis 48 FIG. 5 Impact forces 70 FIG. 6 World seaborne trade, 2019 - 2022 (billions of tons) 71 FIG. 7 Goods loaded worldwide, by cargo type, 2022 71 FIG. 8 Revenue of the cruises market, 2019 - 2023 (USD Billion) 73 FIG. 9 Growth potential analysis 75 FIG. 10 Porter's Analysis 77 FIG. 11 PESTEL Analysis 80 FIG. 12 Marine propulsion system market, by product, 2023 & 2032 (USD Million) 100 FIG. 13 Marine propulsion system market, by power, 2023 & 2032 (USD Million) 103 FIG. 14 Marine propulsion system market, by technology, 2023 & 2032 (USD Million) 106 FIG. 15 Marine propulsion system market, by propulsion, 2023 & 2032 (USD Million) 108 FIG. 16 Marine propulsion system market, by application, 2023 & 2032 (USD Million) 110 FIG. 17 Marine propulsion system market, by region, 2023 & 2032 (USD Million) 113 ©Global Market Insights Inc. All Rights Reserved. Page | 16 Marine Propulsion Systems Market Report, 2024_2032

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