Material Handling Equipment Manufacturers NAICS 333921, 333922, 333923, 333924

        Material Handling Equipment Manufacturers

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Purchase Report

Industry Summary

The 1,400 material handling equipment manufacturers in the US produce a wide range of custom products including elevators, escalators and moving walkways; conveyors and industrial and commercial carousels; grain and mine elevators and conveyors; pneumatic tube conveyors; and overhead cranes, hoists, winches and monorail systems. They also produce standard products, including dollies and hand trucks; forklifts and pallet movers; industrial cradles, cherry-pickers, and bomb lifts; wheelbarrows, shopping carts and cart corrals, valet carts and dumbwaiters. As a result, the industry’s customer base is very broad.

Foreign Competition

US manufacturers compete in the domestic market with imports, which represent about 25% of the US market for material handling equipment.

System Automation and Flow Analysis

As technology advances, so are the capabilities incorporated into material handling equipment.


Recent Developments

Jul 30, 2025 - Airport Construction Taking Off
  • 2025 is shaping up to be a banner year for construction and upgrades at US airports, Constructionview reported in July. The billions of dollars in public and private funding flowing into terminals, runways, and supporting infrastructure at 10 major US airport terminals, is driving demand for elevators, escalators, moving walkways, conveyors, and carousels in new and redesigned terminals across the country. From Newark to San Francisco terminals are being replaced, modernized, and rebuilt to improve sustainability, incorporate smarter design, and handle a growing number of passengers, according to Constructionview. Major expansions include a $12-billion capital improvement plan at Dallas-Fort Worth International Airport, $9 billion at Miami International, and upgrades at Chicago’s O’Hare, among many others.
  • Companies are adopting robotics and automation to help offset the ongoing warehouse labor shortage and meet the demands of the booming ecommerce channel, Modern Materials Handling (MMH) reports citing data from an Intralogistics 2025 Robotics Study conducted by Peerless Research Group (PRG). Intralogistics (or internal or warehouse logistics) involves the integration of advanced technology, like AI and automation, into the internal processes that take place in a warehouse or distribution center. Intralogistics solutions include automatic guided vehicles (AGVs), robotic picking systems, automated storage and retrieval systems (AS/RS), or humanoid robots to streamline material flow, speed up throughput, and improve accuracy and workplace safety. Between its first and fourth annual surveys PRG found a 46% increase in respondents who said they are already using one or more robots in their operations, with robotic integration having transitioned from a “future possibility” to a “present day imperative” for growing DCs and warehouses.
  • Persistent labor shortages, ecommerce growth, and need to optimize current space are all pushing warehouse and distribution center operators to invest in automation, experiment with robotics, and find new ways to increase speed and efficiency, according to Modern Materials Handling’s 2025 Industry Outlook Survey. The poll of managers and personnel involved in the purchase decision process for materials handling equipment found that companies making investments say they’re spending on automation and technology (64%), forklifts and lift trucks (55%), storage equipment (36%), and technology information systems like warehouse management systems (WMS) and enterprise resource planning (ERP) platforms (32%). However, current economic uncertainty appears to be impacting spending on materials handling equipment, technologies, services and solutions, with 34% of companies saying it’s “business as usual” on the investment front, 43% of respondents taking a “wait-and-see” approach, and 23% holding off on investing altogether.
  • Producer prices for material handling equipment manufacturers reached a new high in June, up 4.8% compared to a year ago, after rising 3.3% in the previous June-versus-June annual comparison, according to the latest US Bureau of Labor Statistics data. Producer prices for makers of materials handling equipment have been rising steadily for four years. Employment by the industry shrank 2.1% year over year in May, while average wages at machinery manufacturers rose 2.5% YoY in June to $30.18 per hour, BLS data show.

Industry Revenue

Material Handling Equipment Manufacturers


Industry Structure

Industry size & Structure

A typical material handling equipment manufacturer operates out of a single location, employs 69 workers, and generates over $25 million annually.

    • The material handling equipment manufacturing industry comprises about 1,400 companies, which employ about 96,000 workers and generate about $35 billion annually.
    • The elevator and escalator segment accounts for 12% of firms and 11% of industry revenue. The conveyor and conveying equipment segment accounts for 51% of firms and 35% of revenue. The overhead crane, hoist, and monorail system segment represents 19% of firms and 22% of revenue. The segment that produces carts, stackers, lifts, and cradles accounts for 18% of firms and 32% of industry revenue.
    • The conveyor and conveying equipment segment is the least concentrated, with half of its revenue attributed to the top 50 firms. The other three segments are highly concentrated, with more than half of revenue attributed to the top four firms.
    • Large companies include Fortuna (formerly Material Handling Systems), Dematic, Bastian Solutions, DMW&H, Crown Equipment Corp., Hyster-Yale Materials Handling, and divisions of Honeywell, Caterpillar, and Komatsu.

                                    Industry Forecast

                                    Industry Forecast
                                    Material Handling Equipment Manufacturers Industry Growth
                                    Source: Vertical IQ and Inforum

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