$58.2bn
$X.Xbn
74,904
3,624
$X.Xbn
The material handling equipment industry has closely followed the ups and downs of the broader economy. In 2020, the sector faced a downturn due to pandemic-related disruptions, much like many other industries. However, unlike the sharp decline seen during the 2009 recession, the impact was less severe. The industry experienced a moderate decline, reflecting a more resilient response to economic challenges. Looking forward, between 2021 and 2022, the industry found its footing again as skyrocketing commodity prices fueled revenue growth. Overall, the industry is expected to grow at a CAGR of 1.7% to reach $58.2 billion in 2024.
Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated $58.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Toyota Material Handling USA Inc. | 1,014.4 | 53.6 | 5.3 | |
W.W. Grainger, Inc. | 965.0 | 83.4 | 8.6 |
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Industry revenue is measured across several distinct product and services lines, including Conveying equipment, hoists and cranes, Forklifts and Used sales, labor charges and OEM parts. Conveying equipment, hoists and cranes is the largest segment of the Material Handling Equipment Distributors in the US.
Forklift demand spans many markets and expands due to a jump in total retail sales
This industry comprises establishments primarily engaged in the merchant wholesale distribution of forklift trucks, industrial trucks and tractors, industrial cranes, conveyor systems, hoists, elevators and other materials handling equipment.
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NAICS 42383 - Material Handling Equipment Distributors in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry has generally mirrored economic growth since 2019. Real GDP's expected CAGR of 2.0% from 2019 to 2024 generally aligns with the industry's growth, which reflects...
Learn about an industry's products and services, markets and trends in international trade.
The industry encompasses various product segments, such as conveying equipment and forklifts. These categories reflect the diverse range of material handling solutions offere...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Proximity to key markets is a priority. The Great Lakes, Southeast and Southwest regions allow wholesalers to decrease delivery time and improve customer service.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Specialized wholesalers are able to compete effeectively with new entrants, while broad-range wholesalers can offset demand drops but risk losing clients to specialists.
Learn about the performance of the top companies in the industry.
No company controls more than 5.0% of the market. High fragmentation is a result of low barriers to entry constantly allowing new entrants.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The National Association of Wholesaler-Distributors (NAW) works to build a community and influence lawmakers. NAW provides research, networking events and pro-business legisl...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Fluctuations in commodity prices contributed to industry volatility. Commodity prices experienced strong growth between 2021 and 2022, which had a direct impact on end-produc...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Material Handling Equipment Distributors in the US industry in United States is $58.2bn in 2024.
There are 3,624 businesses in the Material Handling Equipment Distributors in the US industry in United States, which has declined at a CAGR of 0.6 % between 2019 and 2024.
The market size of the Material Handling Equipment Distributors in the US industry in United States has been growing at a CAGR of 1.7 % between 2019 and 2024.
Over the next five years, the Material Handling Equipment Distributors in the US industry in United States is expected to grow.
The biggest companies operating in the Material Handling Equipment Distributors market in United States are Toyota Material Handling USA Inc. and W.W. Grainger, Inc.
Wholesaling material handling machinery and equipment and Distributing material handling machinery and equipment are part of the Material Handling Equipment Distributors in the US industry.
The company holding the most market share in United States is Toyota Material Handling USA Inc..
The level of competition is high and steady in the Material Handling Equipment Distributors in the US industry in United States.