Global Material Handling Construction Equipment Market Overview, 2024-29

The global construction material handling market encompasses a wide array of equipment and systems crucial for managing materials across construction sites. This sector includes machinery like cranes, forklifts, hoists, and conveyors, designed to facilitate the movement, storage, and handling of materials such as bricks, steel, concrete, and timber. Key drivers of this market include ongoing urbanization, infrastructure development projects, and increasing construction activities worldwide. Technological advancements, such as automation and integration of IoT (Internet of Things), are transforming the industry by enhancing efficiency, safety, and productivity on construction sites. As sustainability becomes more critical, there is also a growing emphasis on eco-friendly material handling solutions that minimize environmental impact. The market is characterized by both established players and emerging innovators continually striving to meet evolving demands in the construction industry.

The global material handling market has experienced significant growth over recent years, driven by several key factors. Between 2020 and 2023, the market witnessed robust expansion, with a compound annual growth rate (CAGR) averaging around 5% to 6%. This growth trajectory can be attributed to increasing industrialization, rapid urbanization, and the expansion of e-commerce and logistics sectors globally. These trends have spurred demand for efficient material handling solutions across various industries, including manufacturing, automotive, retail, and healthcare. Technological advancements such as automation, robotics, and the integration of AI (Artificial Intelligence) have further accelerated market growth by enhancing operational efficiency, reducing labor costs, and improving safety in material handling processes. Looking forward, the market is expected to continue expanding as industries increasingly prioritize efficiency gains and sustainability in their supply chain and logistics operations.

The material handling market is currently shaped by several prominent trends and evolving demands that are influencing its trajectory. One of the significant trends is the increasing adoption of automation and robotics across industries. Automated guided vehicles (AGVs), robotic arms, and conveyor systems are becoming integral to material handling operations, driven by the need for higher efficiency, reduced labor costs, and improved safety. Another key trend is the integration of IoT (Internet of Things) and AI (Artificial Intelligence) technologies, enabling real-time monitoring, predictive maintenance, and optimization of material flow in warehouses and manufacturing facilities. There is a growing demand for sustainable material handling solutions. As businesses prioritize environmental responsibility, there is a shift towards energy-efficient equipment, recyclable materials, and systems that minimize carbon footprint.

There is an increasing emphasis on safety and ergonomics in material handling equipment design. Manufacturers are focusing on ergonomic designs to reduce operator fatigue and injuries, alongside incorporating advanced safety features such as collision avoidance systems and machine learning algorithms for predictive safety analytics. Urbanization leads to extensive construction projects, including skyscrapers, residential complexes, and transportation networks (roads, bridges, tunnels). Material handling equipment such as cranes, excavators, dump trucks, and concrete pumps are essential for handling and transporting construction materials like steel, concrete, gravel, and aggregates efficiently within densely populated urban environments.

Dumpers are off-road vehicles used primarily in construction and mining industries to transport bulk materials such as sand, gravel, or demolition debris. They are characterized by their rear-mounted skip or bucket, which can be hydraulically lifted to dump the contents. Similar to dumpers, dump trucks are road vehicles designed for hauling materials. They typically have a larger capacity than dumpers and are used in construction, mining, and quarrying operations. Dump trucks can be articulated (having a pivoted joint between the cab and the dump body for maneuverability) or rigid (with a fixed chassis). Tower cranes are tall, fixed cranes typically used in construction to lift heavy materials and equipment to great heights. They are characterized by their vertical mast and rotating jib (horizontal arm). Masted Handlers also known as telehandlers or rough terrain forklifts, masted handlers are versatile machines used in construction, agriculture, and industry. They feature a telescopic boom that extends upward and forward, allowing them to lift and place loads at heights and distances unreachable by conventional forklifts. Forklifts are industrial trucks equipped with forks or attachments used to lift and transport materials over short distances. They are essential in warehouses, distribution centers, manufacturing facilities, and construction sites for loading and unloading goods, stacking pallets, and moving heavy materials.



Several government organizations are focusing on the advancement of the industry through favorable initiatives. Those initiatives will fuel the adoption of high-performance material handling equipment across industrial facilities. The material handling equipment industry will gain traction with increasing awareness of replacing old manual techniques with new machines to maximize throughput. E-commerce players are focusing on stepping up their distribution networks and warehouses to assure timely delivery of MHE equipment. High demand for material handling equipment will further enable the efficient storage and transfer of goods in a system. For example, the U.S. government has recently proposed a $3.0 trillion package to uplift the economy, which also includes investments for the improvement of manufacturing and high-technology industries. Growing modernization of industrial facilities and infrastructure to uplift their production capabilities is expected to boost material handling equipment industry growth in the coming years.

COVID-19 Impacts:
In 2020, the corona-virus (COVID-19) pandemic negatively impacted the material handling equipment market's growth. Several government organizations have imposed stringent lockdowns to stop the spread of the virus. This hampered the global supply chains, halted production facilities, and business expansion plans of large manufacturers. However, with the resumption of industrial activities following the relaxation of lockdown measures, the market will regain traction in 2021. The industry is expected to showcase growth with increasing demand from the e-commerce market during the ongoing pandemic. A rise in the number of people preferring online shopping will encourage e-commerce providers to modernize their warehouses, supporting the market outlook.
Major Companies Present In the Market
Caterpillar Private Limited, Doosan Infracore, Epiroc Construction Machinery Co. Ltd, Hitachi Construction Machinery Co. Ltd, J C Bamford Excavators Ltd, Kobe Steel Ltd, Komatsu Ltd., Liebherr Group, Sany Group, Terex Corporation, Volvo Construction Equipments, XCMG Ltd., Zoomlion Co. Ltd
Considered In the Report
• Geography: Global
• Base year: 2023
• Historical year: 2018
• Estimated year: 2024
• Forecasted year: 2029
Regions covered:
• North America (USA, Canada, Mexico)
• Europe (UK, Germany, Russia, France, Spain, Italy)
• Asia Pacific (Japan, India, China, Australia)
• South America (Brazil, Argentina, Columbia)
• Middle East & Africa (Saudi Arabia, UAE, Qatar, South Africa)
Aspects Covered In the Report
• Market Size By Value for the historic time period (2016-2021)
• Market Size By Value for the forecast time period (2021-2027)
• Market Share by Application (2016, 2021 & 2027F)
• Market Share by Equipments (2016, 2021 & 2027F)
• Market Share by Region (2016, 2021 & 2027F)
• Market Share by Country (2016, 2021 & 2027F)
• Market Share by Company (2021)

Segments covered in the Report
By Application
• Earth Moving Machinery
• Material Handling Machinery
• Concrete and road construction Machinery
• Other Machinery
By Material Handling Machinery
• Dumper /Dump Truck/ Tippers
• Cranes (Tower Crane, Mobile Crane)
• Telescopic Handlers
• Forklift
The approach of the report:
We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free.
Intended Audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Keywords
Construction, Construction equipments, Material Handling Machinery, Dumper /Dump Truck/ Tippers, Cranes (Tower Crane, Mobile Crane), Telescopic Handlers, Forklift, Global, North America, USA, Canada, Mexico, Europe, UK, Germany, Russia, Spain, Italy, France, Asia-Pacific, Asia, China, Japan, India, Australia, South America, Brazil, Argentina, Columbia, Middle East, Africa, UAE, Qatar, Saudi Arabia, South Africa.
This Report would help to answer these questions:
What are the key market trends driving the growth of the global material handling equipment industry?
Who are the top global suppliers of the global material handling equipment industry?
What are the reasons behind the low bargaining power among the material handling equipment buyers?
Which products are considered in the material handling equipment market?
Which major regions are considered in the report?
Answers:
Mining automation and metal production output are the key material handling industry trends driving the growth of the global material handling equipment industry.
The top material handling equipment suppliers are Sandvik, Metso, Thyssenkrupp, Continental AG, Fenner Dunlop.
The reasons behind the low bargaining power of the material handling equipment buyers are a fragmented end-user market and a consolidated supplier market.
Dumper /Dump Truck/ Tippers, Cranes (Tower Crane, Mobile Crane), Telescopic Handlers and Forklift are considered in the material handling equipment market.
North America, Europe, Asia-Pacific, South America and Middle East & Africa regions are considered in the report.