Drum Handling Equipment Market

By Type;

Manual Drum Handling Equipment and Automatic Drum Handling Equipment

By Distribution Channel;

Direct and Indirect

By Application;

Food, Chemicals, Pharmaceutical, Industrial and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn136051722 Published Date: September, 2025 Updated Date: October, 2025

Drum Handling Equipment Market Overview

Drum Handling Equipment Market (USD Million)

Drum Handling Equipment Market was valued at USD 2,800.43 million in the year 2024. The size of this market is expected to increase to USD 4,210.81 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.


Drum Handling Equipment Market

*Market size in USD million

CAGR 6.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.0 %
Market Size (2024)USD 2,800.43 Million
Market Size (2031)USD 4,210.81 Million
Market ConcentrationMedium
Report Pages374
2,800.43
2024
4,210.81
2031

Major Players

  • Columbus McKinnon Corporation
  • Toyota Industries Corporation
  • Konecranes Plc
  • Manitou Group
  • Crown Equipment Corporation
  • Hyster-Yale Materials Handling, Inc.
  • Presto Lifts Inc.
  • Vestil Manufacturing Corporation
  • Liftomatic Material Handling, Inc.
  • BHS Global, Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Drum Handling Equipment Market

Fragmented - Highly competitive market without dominant players


The Drum Handling Equipment Market is expanding rapidly as industries seek safer and more reliable solutions for material transport. Adoption of drum lifters, carriers, and dumpers has grown by nearly 35%, enabling organizations to minimize risks while boosting operational efficiency. Strong uptake is observed in chemical, manufacturing, and pharmaceutical units where handling precision is essential.

Key Drivers Accelerating Growth
A sharp rise in workplace safety initiatives is driving demand for advanced handling equipment. Nearly 40% of industries have implemented automated or semi-automated systems to reduce accidents tied to manual lifting. Compliance with stricter safety regulations is also pushing industries to adopt innovative tools that ensure worker protection while maintaining productivity.

Advancements Strengthening Market Adoption
Ongoing innovation in hydraulic systems, ergonomic design, and automated technology is redefining efficiency standards. About 45% of the latest drum handling solutions now integrate smart safety locks, spill-proof mechanisms, and energy-efficient lifting features. These advancements reduce downtime, enhance reliability, and encourage broader adoption across multiple sectors.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Drum Handling Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Workplace safety regulations
        2. Industrial automation trends
        3. Efficiency in logistics
        4. Growth in chemical industry
        5. Increasing warehouse capacities
      2. Restraints
        1. High initial costs
        2. Training requirements
        3. Limited customization options
        4. Maintenance complexities
        5. Integration challenges
      3. Opportunities
        1. Technological advancements
        2. Expansion in pharmaceuticals
        3. Emerging economies growth
        4. Sustainability initiatives
        5. E-commerce logistics
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Drum Handling Equipment Market, By Type, 2021 - 2031 (USD Million)
      1. Manual Drum Handling Equipment
      2. Automatic Drum Handling Equipment
    2. Drum Handling Equipment Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Direct
      2. Indirect
    3. Drum Handling Equipment Market, By Application, 2021 - 2031 (USD Million)
      1. Food
      2. Chemicals
      3. Pharmaceutical
      4. Industrial
      5. Others
    4. Drum Handling Equipment Market, By Geography,2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Morse Mfg. Co. Inc.
      2. Vestil Manufacturing Corporation
      3. Wesco Industrial Products LLC
      4. Liftomatic Material Handling Inc.
      5. Beacon Industries Inc.
      6. Nilkamal Limited
      7. STB Engineering Ltd.
      8. DENIOS Inc.
      9. Ergonomic Partners Inc.
      10. Presto Lifts Inc.
      11. NewAge Industries Inc.
      12. Easy Lift Equipment Company Inc.
      13. GKS-PERFEKT GmbH
      14. Rago Equipment Company
      15. Granby Hydraulics Ltd.
  7. Analyst Views
  8. Future Outlook of the Market