The US Cargo Handling Equipment Market Size was estimated at 4.35 (USD Billion) in 2023. The US Cargo Handling Equipment Industry is expected to grow from 4.55(USD Billion) in 2024 to 7.58 (USD Billion) by 2035. The US Cargo Handling Equipment Market CAGR (growth rate) is expected to be around 4.749% during the forecast period (2025 - 2035).
The US Cargo Handling Equipment Market is experiencing significant trends driven by the increasing adoption of automation and advanced technologies in logistics and distribution. As companies seek to enhance operational efficiency, many are investing in automated equipment such as automated guided vehicles and robotic systems for cargo handling. This shift aligns with the growing demand for faster and more efficient supply chain solutions, which is crucial in a rapidly evolving e-commerce landscape. Additionally, the sustainability focus is shaping market dynamics, as businesses are pushing for eco-friendly equipment to reduce carbon footprints in compliance with regulatory standards set by government bodies.Opportunities abound in the modernization of aging infrastructure, with many ports and terminals in the US looking to upgrade their cargo handling capabilities. The commitment by the US government to support infrastructure improvement projects can fuel investments in new cargo handling equipment. The emphasis on resilience within supply chains, especially after disruptions caused by global events, presents avenues for suppliers of cargo handling equipment to innovate and develop robust solutions that ensure continuity of operations. Recent trends also reflect a push towards smart equipment, equipped with IoT capabilities that allow for real-time monitoring and improved decision-making processes.This technological integration is essential for companies striving to optimize their logistics operations and reduce downtime. A focus on workforce training and safety standards is also emerging, as the industry recognizes that skilled operators need to manage advanced cargo handling equipment effectively. Overall, these trends indicate a dynamic US Cargo Handling Equipment Market geared towards modernization, sustainability, and efficiency.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The US Cargo Handling Equipment Market Industry is experiencing significant growth driven by the escalating demand for efficient logistics and supply chain solutions. According to the United States Bureau of Transportation Statistics, freight volumes are projected to increase by 23% by 2045. This demand surge necessitates advanced cargo handling equipment to manage the increased load and improve operational efficiency. Organizations such as the American Trucking Associations have reported that around 70% of freight tonnage in the US is transported via trucks, thereby necessitating modern and efficient cargo handling systems to optimize logistics operations.The adoption of automated and advanced cargo handling equipment is critical for companies looking to maintain competitive logistics operations, thus driving growth in the US Cargo Handling Equipment Market.
Innovations in technology and automation are significantly boosting the US Cargo Handling Equipment Market Industry. The rising adoption of IoT (Internet of Things) and AI (Artificial Intelligence) in cargo handling processes is helping companies enhance operational efficiency, reduce errors, and improve safety. A report from the US Department of Transportation highlights that implementing advanced technologies in logistics can reduce operational costs by up to 15%, which is propelling firms to invest in modern cargo handling solutions.Major organizations such as Amazon and FedEx are leading this technological shift, introducing automated systems that streamline cargo management, ultimately contributing to the growth of the US Cargo Handling Equipment Market.
The boom in e-commerce and online retail significantly impacts the US Cargo Handling Equipment Market Industry. The US Census Bureau reported that e-commerce sales were approximately 16% of total retail sales in 2021 and are expected to reach 24% by 2024. This exponential growth necessitates enhancements in cargo handling systems to manage the increased volume of shipments efficiently. E-commerce giants such as Walmart and Amazon are investing heavily in implementing state-of-the-art cargo handling equipment to optimize their operations, reflecting the urgent need for robust handling solutions in the industry, thus driving market growth.
The US Cargo Handling Equipment Market, which plays a critical role in the nation's logistics and supply chain management, is predominantly segmented by Equipment Type, encompassing various essential categories such as Forklifts, Cranes, Conveyors, Pallet Trucks, and Automated Guided Vehicles. With the continued advancement in technology and increasing demand for efficient material handling, Forklifts have maintained a significant position within this category due to their versatility and ability to operate in various industrial environments. Cranes, often used in construction and heavy lifting tasks, also exemplify the importance of specialized equipment in handling cargo efficiently. Meanwhile, Conveyors facilitate the automated movement of goods, which is essential in warehousing and distribution centers, contributing to significant operational efficiency. Pallet Trucks serve as a fundamental solution for moving pallets and heavy merchandise, which highlights their role in streamlining the logistics process. The rise of Automated Guided Vehicles marks a transformative trend in the market, as these innovative solutions integrate seamlessly with automation technologies, enhancing productivity and operational reliability for numerous sectors. Additionally, the increasing emphasis on sustainability and energy-efficient machinery across the US is driving innovations in the Cargo Handling Equipment segment, thus propelling growth in this industry. The integration of IoT and data analytics further elevates the operational capabilities of these equipment types, ensuring the industry continues to adapt to the evolving demands of supply chain management. Overall, the Equipment Type segment remains crucial to the growth and efficiency of the US Cargo Handling Equipment Market, serving diverse industries and meeting the rising demands for swift and effective cargo handling solutions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The End Use Industry segment of the US Cargo Handling Equipment Market plays a crucial role in supporting various sectors including Manufacturing, Logistics, Retail, Construction, and Shipping. Each of these industries relies heavily on efficient cargo handling solutions to streamline operations and enhance productivity. The Manufacturing sector increasingly seeks advanced equipment to boost production efficiency, while the Logistics industry experiences growing demands for timely and safe transportation of goods, driving innovations in cargo handling.In Retail, the need for effective inventory management and quick turnover is paramount, requiring robust cargo systems to handle high volumes of stock. The Construction industry benefits from efficient cargo handling solutions to facilitate site management and ensure materials are readily available, supporting timely project completion. Finally, Shipping relies on seamless cargo movement to manage logistics effectively, allowing for smooth transitions between transportation modes. These industries not only contribute to the significance of the US Cargo Handling Equipment Market but also illustrate ongoing trends toward automation and technological advancements, setting the stage for continuous market growth and transformation.
The US Cargo Handling Equipment Market segmentation by Propulsion Type showcases a diverse range of technologies that cater to varying operational needs and environmental concerns. The Internal Combustion Engine segment continues to play a crucial role due to its reliability and performance in heavy-duty applications, particularly in industries such as shipping and logistics. Meanwhile, the Electric propulsion segment is gaining momentum, driven by increasing demand for eco-friendly solutions and tighter regulations on emissions, as seen in major US cities.The Hybrid category is emerging as a flexible alternative, allowing operators to balance power and efficiency, while the Manual option remains significant for specialized tasks where technology may not be necessary. Hydraulic systems are also pivotal in this market, offering robust lifting capabilities that are indispensable in warehouses and ports. Increased automation and the continuous push towards sustainability further drive innovations within these propulsion types, making the overall landscape dynamic and adaptable to market needs. As companies seek operational efficiency, each propulsion type presents unique advantages, enhancing the US Cargo Handling Equipment Market industry’s growth potential.
The Load Capacity segment of the US Cargo Handling Equipment Market reflects diverse categories essential in various industries such as logistics, warehousing, and manufacturing. This segment encompasses Light Duty, Medium Duty, Heavy Duty, and Extra Heavy Duty classifications that play distinct roles in meeting operational requirements. Light Duty equipment is often favored for handling smaller loads and is crucial in settings such as retail and small-scale warehouses, as it enables efficient movement of goods without compromising ergonomics. On the other hand, Medium Duty equipment is widely used across various sectors, providing a balance between performance and cost, making it a popular choice for businesses aiming for versatility.Heavy Duty and Extra Heavy Duty equipment cater to the demands of industries like construction and shipping, where robustness and high capacity are critical in transporting large or cumbersome items. The continuous evolution of technology and materials is driving innovation in these categories, addressing efficiency while optimizing maintenance costs. The rising focus on sustainability has introduced opportunities for advancements, with manufacturers exploring eco-friendly solutions to enhance Load Capacity performance while meeting regulatory standards.This segment's growth prospects are driven by increasing demand for efficient cargo handling solutions capable of supporting the expanding logistics and supply chain networks across the US.
The US Cargo Handling Equipment Market is characterized by a dynamic and competitive landscape, where various companies are striving to capture significant market share. This market encompasses a diverse range of equipment and machinery designed for the efficient movement, storage, and management of goods. Factors such as technological advancements, increasing demand for material handling solutions, and the rise of e-commerce are driving the growth of this market. As companies seek to enhance operational efficiency and reduce costs, they are investing in innovative solutions that cater to these demands. The competitive insights reveal that major players are focusing on product differentiation, strategic partnerships, and mergers and acquisitions to strengthen their market positions and expand their offerings.Manitou Group has carved out a strong presence in the US Cargo Handling Equipment Market through its commitment to innovation and customer-centric solutions. The company is known for its extensive range of material handling equipment, including forklifts, telehandlers, and aerial work platforms. Manitou Group has developed a reputation for quality and reliability, which resonates well with its US clientele, particularly in construction and agriculture sectors. The company's strengths lie in its ability to offer customized solutions that meet specific customer needs, as well as its robust distribution network that ensures accessibility across the United States. Furthermore, Manitou Group's focus on sustainable practices and environmentally friendly technologies has positioned it favorably in a market that increasingly values sustainability.Crown Equipment Corporation stands out in the US Cargo Handling Equipment Market as a leading manufacturer of electric lift trucks and material handling equipment. The company's key products include electric counterbalance forklifts, narrow aisle forklifts, and pallet transport solutions. Crown Equipment Corporation has a significant market presence, largely attributed to its strong focus on research and development, which drives the continuous enhancement of its product line. The company is noted for its strengths in providing advanced technological solutions that improve operational efficiency and reduce total cost of ownership for customers. Crown is also recognized for its strategic acquisitions that enhance its capabilities and market reach. Its commitment to quality service and customer support further solidifies its position in the US market, making it a preferred choice among logistics and warehousing firms seeking reliable cargo handling solutions.
Recent developments in the US Cargo Handling Equipment Market reflect significant activity and growth. In October 2023, Toyota Industries Corporation announced an increase in production capabilities for electric forklifts to meet rising environmental regulations and consumer demand. Similarly, KION Group AG has been expanding its investments in automation technologies to enhance operational efficiency within warehouses across the US. Notably, in September 2023, Crown Equipment Corporation launched a new product line aimed at improving safety features and ergonomic design for material handling equipment. Additionally, mergers and acquisitions are shaping the market; for instance, Mitsubishi Logisnext Co. acquired a minority stake in a tech startup specializing in supply chain analytics in May 2023, which is expected to bolster their logistics capabilities. The market is also witnessing a notable valuation increase, driven by advancements in electric and automated machinery, as companies adapt to shifting regulatory landscapes and operational demands. Growth in demand for efficient and sustainable cargo handling solutions continues to propel advancements and maintain competitive dynamics among major players such as Manitou Group, HysterYale Materials Handling, and Doosan Industrial Vehicle. Over the last couple of years, the shifting focus towards sustainability has become a priority among numerous industry players.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 4.35(USD Billion) |
| MARKET SIZE 2024 | 4.55(USD Billion) |
| MARKET SIZE 2035 | 7.58(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.749% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Manitou Group, Crown Equipment Corporation, Hoist Liftruck Manufacturing, Nissan Forklift Corporation, KION Group AG, Jungheinrich AG, Daewoo Industrial, Clark Material Handling Company, Mitsubishi Logisnext Co, Doosan Industrial Vehicle, Komatsu Ltd, Terex Corporation, Still GmbH, HysterYale Materials Handling, Toyota Industries Corporation |
| SEGMENTS COVERED | Equipment Type, End Use Industry, Propulsion Type, Load Capacity |
| KEY MARKET OPPORTUNITIES | Automation and robotics integration, Sustainability-driven equipment development, E-commerce logistics support, Smart technology adoption, Resilience in supply chain management |
| KEY MARKET DYNAMICS | Technological advancements, Increasing e-commerce demand, Sustainability initiatives, Labor shortages, Fleet modernization |
| COUNTRIES COVERED | US |
Frequently Asked Questions (FAQ) :
The US Cargo Handling Equipment Market is expected to be valued at 4.55 billion USD in 2024.
By 2035, the US Cargo Handling Equipment Market is projected to reach 7.58 billion USD.
The expected CAGR for the US Cargo Handling Equipment Market from 2025 to 2035 is 4.749%.
Forklifts are forecasted to have the highest market value, estimated at 2.1 billion USD in 2035.
Key players in the US Cargo Handling Equipment Market include Manitou Group, Crown Equipment Corporation, and Toyota Industries Corporation among others.
The market value of cranes in the US Cargo Handling Equipment Market is expected to be 1 billion USD in 2024.
Anticipated market trends include increased automation and advanced technology integration in cargo handling equipment.
The market value of Automated Guided Vehicles is projected to reach 1.78 billion USD by 2035.
Growth rates vary among equipment types, with forklifts and cranes showing significant growth potential through 2035.
Challenges include supply chain disruptions and the need for innovation to meet changing customer demands.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
