North America Material Handling Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Equipment Type (Storage & Handling Equipment (Mezzanines, Racks, Shelves, Bins & Drawers, Stacking Frames, Storage & Handling Equipment), Industrial Trucks (Automated Guided Vehicles (AGVs), Hand, Platform & Pallet Trucks, Order Pickers, Pallet Jacks, Side Loaders, Walkie Stackers), Bulk Material Handling Equipment (Conveyor Belts, Elevators, Reclaimers, Stackers, Others), Robotics, Automated Storage & Retrieval System (AS/RS) (Unit-Load AS/RS, Mini-Load AS/RS)), By Application (Assembly, Storage, Packaging, Transportation, Others), By End-User Industry (Automotive, Electronics, Chemical, Pharmaceutical, Aviation, Others) And By Country - Forecasts From 2022 To 2027

Published:  Nov 2022 Report Code: KSI061610215 Pages: 120

The North American material handling market is estimated to grow from US$ 21.672 billion in 2020 to US$29.238 billion by 2027, at a CAGR of 4.37% over the forecast period. The tools and mechanical systems that are used for retrieving, transporting, and delivering materials, among others, are generally categorized as material handling equipment. This set of equipment primarily finds its application in manufacturing and warehousing facilities. The activities in which these sets of equipment are used encompass assembly, storage, packaging, and transportation, among others. The necessity of these sets of equipment in the aforesaid facilities arises from the fact that these types of machinery bring about a cost-effective and accurate means of transporting goods. Further, there is a substantial enhancement in production activity due to the swift movement of goods. Thus, the entire process of the supply chain is improved, resulting in an expeditious system wherein all the moving parts run with the highest degree of efficiency.

The focus is on improving the domestic manufacturing industry in the government of the United States.

Moreover, the necessity to make provisions for workplace environment safety is now one of the top priorities of manufacturing facilities that features alongside that profit-making endeavors. Coupled with increasing industrial activities, the demand for the material handling market in North America will witness healthy growth during the forecast period. Moreover, due to an increase in business activities and the requirement for communication, there has been a growing need for developing infrastructures that have mobilized government and private funds towards the facilitation of such development. Realizing that there exists an opportunity, there are players in this market around the world who are pouring their resources into gaining entry into the North American market or expanding their sphere of existing operation within the same country.

For instance, in 2017, Bastian Solutions was acquired by Toyota Advanced Logistics, which is a subsidiary of Japan-based Toyota Industries Corporation. This move marks Toyota’s full-scale entry into the North American material handling solutions market. Further, this unification has brought two expertise on one platform. Toyota is one of the leading manufacturers of lift trucks in the world, which is currently a name to be reckoned with when it comes to warehouse logistics. On the other hand, Bastian’s expertise lies in materials handling systems integration, which is inclusive of but not limited to, software development to manage and control materials handling systems at logistic centers, as well as providing end-to-end solutions that address the challenges pertaining to customer logistics. Another instance is that of acquisition in January 2020, wherein, eMotion Controls Co., a controls-system integration and software company, was acquired by Material Handling Systems, a leading global provider of material automation and software solutions. This comes as a breakthrough in the Lifecycle Performance Services (LPS) division of Material Handling Systems that are now augmented by eMotion Controls Co.

Rising investment to improve the capability of the material handling infrastructure.

Players who are operating in this space are increasingly integrating material handling equipment with RFID and IoT to gain competitive advantages to cater to the growing need for these sets of equipment in third-party logistics which in turn has become a key component in distribution, warehousing, and fulfillment services that are being increasingly used by a variety of industries like automotive, eCommerce, chemicals and so on. The integration of automation in material handling equipment also ensures the product delivery time is reduced, as well as easy facilitation of storage of goods in distribution centers and warehouses to guarantee the fast delivery of products.

Further, the increasing labor costs along with the requirement of providing for health and safety indemnification, and accident insurance are incentivizing manufacturing and warehousing facilities to acquire more materials handling equipment, which in turn is driving the market for the same. In this manner, workplace efficiency is not only improved but also its helping organization to reduce workplace-related hazards by utilizing equipment handling machines instead of manual labor.

Key Developments

  • July 2022: JBT Corporation successfully acquired Alco-food-machines GmbH & Co. KG (Alco), which is a provider of food processing solutions and production lines. The deployment of advanced and automated material handling equipment is able to help the company to ensure the safety of products and employees without compromising on process quality, time, and profits. Alco represents the ideal fit for JBT as the brands approach the wide food and beverage platform and offer a succession opportunity for companies with advanced technology and food domain expertise.
  • March 2022: Honeywell Intelligrated entered into a partnership with Clearpath Robotics, which would allow warehouses and distribution centers to easily automate their activities and accelerate the supply chain productivity by using AMRs (autonomous mobility robots). AMR capabilities would allow them for customized processes and also an interface to the existing robotic and storage solutions.
  • November 2021: The two companies, Shoppa’s Material Handling and Dematic, delivering sophisticated warehouse systems, announced the addition of Dematic equipment into Shoppa’s solutions in order to expand their capabilities for customers across North America. This partnership with Dematic reflects Shoppa’s commitment to developing the solutions available to the clients.

COVID-19 Insights

The COVID-19 pandemic had a substantial effect on the economic conditions in the US and Canada in the year 2020. The supply chain disruptions along with the limited availability of electronic components for producing material handling equipment caused a downturn in the North American material handling market growth. The temporary closure in the functioning of the industrial enterprises in the region had a negative impact on the material handling sector in the former half of 2020. However, with the gradual ease of restrictions and the resumption of production activity in the latter half of 2020, the industry regained some traction. The growing adoption of e-commerce technologies created a substantial demand for modern material handling equipment in warehouses in the year 2021, which prompted the companies to offer higher-quality products.

North America Material Handling Market Scope:


Report Metric Details
 Market Size Value in 2020  US$21.672 billion
 Market Size Value in 2027  US$29.238 billion
 Growth Rate  CAGR of 4.37% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Equipment-Type, Application, End-User Industry, Application, And Country
 Regions Covered USA, Canada, Mexico
 Companies Covered Kardex Group, Coesia S.p.A. (FlexLink), Dematic, Bastian Solutions, Inc., CLARK, Columbus McKinnon Corporation, Crown Equipment Corporation, Dearborn Mid-West Company, Honeywell Intelligrated, Hyster-Yale Materials Handling, Inc., JBT, MITSUBISHI HEAVY INDUSTRIES, LTD. (Mitsubishi Caterpillar Forklift America Inc), Fives
 Customization Scope  Free report customization with purchase



  • By Equipment-Type
    • Storage & handling equipment
      • Mezzanines
      • Racks
      • Shelves, Bins & Drawers
      • Stacking Frames
      • Storage & handling equipment
    • Industrial trucks
      • Automated Guided Vehicles (AGVs)
      • Hand, platform & pallet trucks
      • Order pickers
      • Pallet jacks
      • Side loaders
      • Walkie stackers
    • Bulk material handling equipment
      • Conveyor belts
      • Elevators
      • Reclaimers
      • Stackers
      • Others
    • Robotics
    • Automated Storage & Retrieval System (AS/RS)
      • Unit-Load AS/RS
      • Mini-Load AS/RS
  • By Application
    • Assembly
    • Storage
    • Packaging
    • Transportation
    • Others
  • By End-User Industry
    • Automotive
    • Electronics
    • Chemical
    • Pharmaceutical
    • Aviation
    • Others
  • By Country
    • USA
    • Canada
    • Mexico


1.1. Market Overview

1.2. Covid-19 Scenario

1.3. Market Definition

1.4. Market Segmentation



2.1. Research Data

2.2. Assumptions



3.1. Research Highlights



4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis



5.1. Storage & handling equipment

5.1.1. Mezzanines

5.1.2. Racks

5.1.3. Shelves, Bins & Drawers

5.1.4. Stacking Frames

5.1.5. Storage & handling equipment

5.2. Industrial trucks

5.2.1. Automated Guided Vehicles (AGVs)

5.2.2. Hand, platform & pallet trucks

5.2.3. Order pickers

5.2.4. Pallet jacks

5.2.5. Side loaders

5.2.6. Walkie stackers

5.3. Bulk material handling equipment

5.3.1. Conveyor belts

5.3.2. Elevators

5.3.3. Reclaimers

5.3.4. Stackers

5.3.5. Others

5.4. Robotics

5.5. Automated Storage & Retrieval System (AS/RS)

5.5.1. Unit-Load AS/RS

5.5.2. Mini-Load AS/RS



6.1. Assembly

6.2. Storage

6.3. Packaging

6.4. Transportation

6.5. Others



7.1. Automotive

7.2. Electronics

7.3. Chemical

7.4. Pharmaceutical

7.5. Aviation

7.6. Others



8.1. USA

8.2. Canada

8.3. Mexico



9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix



10.1. Kardex Group

10.2. Coesia S.p.A. (FlexLink)

10.3. Dematic

10.4. Bastian Solutions, Inc.

10.5. CLARK

10.6. Columbus McKinnon Corporation 

10.7. Crown Equipment Corporation

10.8. Dearborn Mid-West Company

10.9. Honeywell Intelligrated  

10.10. Hyster-Yale Materials Handling, Inc.

10.11. JBT

10.12. MITSUBISHI HEAVY INDUSTRIES, LTD. (Mitsubishi Caterpillar Forklift America Inc)

10.13. Fives

Kardex Group

Coesia S.p.A. (FlexLink)


Bastian Solutions, Inc.


Columbus McKinnon Corporation

Crown Equipment Corporation

Dearborn Mid-West Company

Honeywell Intelligrated  

Hyster-Yale Materials Handling, Inc.


MITSUBISHI HEAVY INDUSTRIES, LTD. (Mitsubishi Caterpillar Forklift America Inc)



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