Material Handling Equipment Market Forecasts 5.5% Growth

Maximize Market Research forecasts the global material handling equipment market will grow from $255.80 billion in 2025 to $414.16 billion by 2034. Its new market report projects a 5.5% compound annual growth rate from 2026 to 2034. The research covers equipment including forklifts, conveyors, cranes, automated storage and retrieval systems, automated guided vehicles, and autonomous mobile robots. It is aimed at businesses assessing warehouse automation, logistics, manufacturing, and industrial equipment demand. The release does not state the report’s price.

Automation Drives Equipment Demand

The report identifies e-commerce fulfillment, warehouse automation, manufacturing development, and supply-chain modernization as drivers of demand. It also points to electric forklifts, artificial intelligence-powered robotics, IoT-enabled monitoring, predictive maintenance, and automated sorting systems as areas creating new opportunities.

Industrial trucks are expected to hold the largest product share by 2034, according to the release. Automotive, e-commerce, food and beverages, chemicals, semiconductor and electronics, aviation, and pharmaceuticals are among the end-user sectors covered.

Asia Pacific Leads Forecast

Asia-Pacific is the leading regional market in the forecast, supported by industrialization, manufacturing expansion, e-commerce growth, and warehouse investment across China, India, and Southeast Asia. The release projects Indian material handling equipment demand will rise from 122,000 units in fiscal year 2025 to 283,000 units by fiscal year 2030.

North America and Europe are also identified as markets for warehouse modernization, robotics, and automated storage systems. The report cites logistics hubs and infrastructure development in the Middle East and Africa, alongside manufacturing and logistics modernization in South America.

Daifuku Expands Robotics Work

The release highlights Daifuku’s Tokyo Lab, opened on March 11, 2026, to work on AI, robotics, IoT, and digital twin technologies for automated material handling systems. It also says Daifuku introduced the SOTR-F forklift autonomous mobile robot in March 2026 for automated pallet transportation in warehouses and manufacturing facilities.

The SOTR-F has a minimum turning radius of one meter, according to the release. The report presents these developments as part of wider investment in warehouse automation and autonomous equipment.

Report Focuses On Warehouse Systems

Maximize Market Research’s report is positioned for organizations assessing equipment demand, regional markets, competitive activity, and automation trends through 2034. A sample copy is available from the research firm.