North America Material Handling Market Size, Share, Opportunities, 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 (Automotive, Electronics, Chemical, Pharmaceutical, Aviation, Others) And By Geography - Forecasts From 2024 To 2029

The North American material handling market is expected to grow at a CAGR of 5.16%, reaching a market size of US$33.061 billion in 2029 from US$25.706 billion in 2024.

The tools and mechanical systems used for retrieving, transporting, and delivering materials, among others, are generally categorized as material handling equipment. This equipment is primarily used 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 supply chain process is improved, resulting in an expeditious system wherein all the moving parts run with the highest degree of efficiency.

North America Material Handling Market Drivers:

• Increasing focus on improving the domestic manufacturing industry in the government of the United States.

Making provisions for workplace environment safety is now one of the top priorities of manufacturing facilities, and it is featured alongside profit-making endeavors. Coupled with increasing industrial activities, North America's demand for the material handling market 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 to develop infrastructures that have mobilized government and private funds to facilitate such development. Realizing that there exists an opportunity, market players worldwide are pouring their resources into gaining entry into the North American market or expanding their sphere of existing operation within the same country.

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

Market players operating in this space are increasingly integrating material handling equipment with RFID and IoT to gain competitive advantages and cater to the growing need for these sets of equipment in third-party logistics. This, in turn, has become a key component in distribution, warehousing, and fulfillment services that are increasingly used by various industries like automotive, eCommerce, chemicals, and so on. The integration of automation in material handling equipment also reduces the product delivery time. It facilitates the storage of goods in distribution centres and warehouses to guarantee the fast delivery of products. Further, the increasing labor costs, along with the requirement of providing health and safety identification and accident insurance, are incentivizing manufacturing and warehousing facilities to acquire more materials handling equipment, which in turn is driving the market. In this manner, workplace efficiency is not only improved but also helps organizations to reduce workplace-related hazards by utilizing equipment handling machines instead of manual labor.

• Increasing demand from the retail sector

The increasing demand for automated distribution warehouses can be attributed to e-commerce, as customers are looking for increasingly shorter delivery times. Additionally, it is anticipated that innovation in delivery techniques and evolving consumer needs will propel the US retailing market. AMH equipment is anticipated to be in higher demand from the US retail end-user segment due to the anticipated robust e-commerce market growth. Automated material handling equipment helps ensure total customer satisfaction. It increases the efficiency of stocking and inventory with a retail backroom or distribution centre that is easy to navigate and well-organized. For example, businesses prioritizing satisfying customers include REB, which supplies, delivers, and installs material handling and storage systems throughout the United States.

North America Material Handling Market Restraint:

• High initial investment

Automated handling equipment is a perfect fit for today's fast-paced logistics and e-commerce industry, which demands automation. However, the market expansion is being hampered by the high initial cost of integrating material handling equipment across warehouses for procurement, installation, and packaging, which entails sophisticated accessories, programming, and other services. Companies, particularly small and medium-sized businesses, are limited by this. Most enterprises need assistance in raising large sums of money because they produce low volumes, with returns on investment coming late. Another challenge that hampers improving the worldwide market is maintenance costs, which are too high. High costs are associated with the software upgrades needed to test and train the automated system to achieve proficiency with few accidents on the shop floor.

North America Material Handling Market Geographical Outlook

• The United States is expected to grow rapidly during the forecast period.

The United States' economy is the most advanced globally. The nation’s manufacturing industry is heavily reliant on the country’s economy, leading to high rates of production that, in turn, create high demand for AMH within the region. The automotive market is among the largest globally, thus attracting various car makers alongside other suppliers.

North America Material Handling Market Developments:

• In July 2022, JBT Corporation acquired Alco-food-machines GmbH & Co. KG (Alco), a supplier of additional food processing solutions and production lines. Alco's brands approach the broad food and beverage platform and present a compelling succession opportunity for companies with leading technology and food domain expertise, making it the perfect fit for JBT.
• In March 2022, Honeywell Intelligrated and Clearpath Robotics collaborated to simplify warehousing and distribution centers to streamline operations and boost supply chain efficiency by utilizing autonomous mobility robots (AMR). They would be able to create tailored procedures and interact with the current robotic and storage technologies owing to AMR features

Key Market Segmentation:

The North American Material Handling Market is segmented and analyzed as below:

• 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
  • Automotive
  • Electronics
  • Chemical
  • Pharmaceutical
  • Aviation
  • Others
• By Geography
  • USA
  • Canada
  • Mexico

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

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

4.5. Analyst View

5. NORTH AMERICA MATERIAL HANDLING MARKET BY EQUIPMENT TYPE

5.1. Introduction

5.2. Storage & handling equipment

5.2.1. Mezzanines

5.2.2. Racks

5.2.3. Shelves, Bins & Drawers

5.2.4. Stacking Frames

5.2.5. Storage & handling equipment

5.3. Industrial trucks

5.3.1. Automated Guided Vehicles (AGVs)

5.3.2. Hand, platform & pallet trucks

5.3.3. Order pickers

5.3.4. Pallet jacks

5.3.5. Side loaders

5.3.6. Walkie stackers

5.4. Bulk material handling equipment

5.4.1. Conveyor belts

5.4.2. Elevators

5.4.3. Reclaimers

5.4.4. Stackers

5.4.5. Others

5.5. Robotics

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

5.6.1. Unit-Load AS/RS

5.6.2. Mini-Load AS/RS

6. NORTH AMERICA MATERIAL HANDLING MARKET BY APPLICATION

6.1. Introduction

6.2. Assembly

6.3. Storage

6.4. Packaging

6.5. Transportation

6.6. Others

7. NORTH AMERICA MATERIAL HANDLING MARKET BY END-USER

7.1. Introduction

7.2. Automotive

7.3. Electronics

7.4. Chemical

7.5. Pharmaceutical

7.6. Aviation

7.7. Others

8. NORTH AMERICA MATERIAL HANDLING MARKET BY GEOGRAPHY

8.1. Introduction

8.2. USA

8.3. Canada

8.4. Mexico

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Remstar AG (Kardex Group)

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

10.3. KION Group (Dematic)

10.4. Toyota Advanced Logistics (Bastian Solutions, Inc.)

10.5. Viva China Holdings (CLARK)

10.6. Columbus McKinnon Corporation

10.7. Crown Equipment Corporation

10.8. Bedeschi S.P.A. (Dearborn Mid-West Company)

10.9. Honeywell Intelligrated  

10.10. NACCO Industries (Hyster-Yale Materials Handling, Inc.)

10.11. JBT

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

10.13. Fives

Remstar AG (Kardex Group)

Coesia S.p.A. (FlexLink)

KION Group (Dematic)

Toyota Advanced Logistics (Bastian Solutions, Inc.)

Viva China Holdings (CLARK)

Columbus McKinnon Corporation

Crown Equipment Corporation

Bedeschi S.P.A. (Dearborn Mid-West Company)

Honeywell Intelligrated  

NACCO Industries (Hyster-Yale Materials Handling, Inc.)

JBT

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

Fives