The gross output of the Material Handling Equipment Manufacturing Industry in the US is forecasted to steadily grow from $34.76 billion in 2024 to $36.68 billion by 2028. The year-on-year growth rates are modest, suggesting a stable industry with minor fluctuations.
Two noteworthy trends: the forecast indicates a consistent upward trajectory, reflective of increasing demand for automation and advanced logistics solutions in multiple sectors. Additionally, the long-term growth potential is evident from a projected compound annual growth rate (CAGR) around 1.36% over these years.
Future trends to watch include the adoption of AI and robotics in material handling, and shifts due to e-commerce expansion and sustainability concerns.
