{"id":8556,"date":"2025-12-11T12:00:27","date_gmt":"2025-12-11T18:00:27","guid":{"rendered":"https:\/\/www.mhisolutionsmag.com\/?p=8556"},"modified":"2025-12-11T10:43:14","modified_gmt":"2025-12-11T16:43:14","slug":"material-handling-industry-fuels-u-s-economic-growth-mhi-report-finds","status":"publish","type":"post","link":"https:\/\/www.mhisolutionsmag.com\/index.php\/2025\/12\/11\/material-handling-industry-fuels-u-s-economic-growth-mhi-report-finds\/","title":{"rendered":"Material Handling Industry Fuels U.S. Economic Growth, MHI Report Finds"},"content":{"rendered":"
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MHI and Oxford Economics release new insights into the material handling sector\u2019s $266 billion GDP impact and its growing role in the national supply chain<\/h3>\n\n\n\n

MHI, IN COLLABORATION<\/strong> with Oxford Economics, has released an updated “Handling the U.S. Economy: The Economic Impact of the Material Handling Industry” report. This in\u2011depth analysis explores how the material handling sector contributes to the broader U.S. economy and supports the supply chain infrastructure.<\/p>\n\n\n\n

The report reveals that the industry\u2019s economic impact reaches far beyond the facilities where equipment and technologies are manufactured or designed. Its influence spans multiple sectors, driving job creation, tax revenue and gross domestic product (GDP) growth.<\/p>\n\n\n\n

In 2018, when MHI and Oxford Economics published the first\u2011ever analysis report, it was stated that the economic contribution of the U.S. material handling industry amounted to more than $173.2 billion in GDP. In 2024, the material handling industry has seen significant growth and now contributes $266 billion to the U.S. GDP, supports more than 1.9 million jobs and generates $58.3 billion in tax revenues. The industry\u2019s GDP multiplier is 3.6. This means that for every $100 directly contributed by the industry, an additional $260 is generated elsewhere in the U.S. economy. The jobs multiplier is 3.7, which indicates that for every 10 jobs directly created by the material handling industry, an additional 27 jobs are supported throughout the broader U.S. economy.<\/p>\n\n\n\n

The report also highlights notable employment growth within the industry. In 2024, the industry directly employed 502,000 workers\u2014an increase from 402,000 in 2018. Of those, manufacturers represented the largest share at 84% (422,000 employees), followed by dealers at 8.3% (approximately 42,000 employees) and service providers at 7.8% (around 39,000 employees).<\/p>\n\n\n\n

“This report highlights the essential role the material handling industry plays in driving economic growth,” John Paxton, chief executive officer of MHI, said. “Beyond providing the equipment and technology that moves and delivers goods, the industry provides valuable support services\u2014including consulting, leasing and design\u2014that enhance efficiency and generate added value throughout the supply chain and the broader economy. The insights in this report will help to support your business\u2019s decisions moving forward.”<\/p>\n\n\n\n

To download the report, please visit mhi.org\/handling\u2011the\u2011us\u2011economy\u2011the\u2011economic\u2011impact\u2011of\u2011the\u2011material\u2011handling\u2011industry<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

MHI and Oxford Economics release new insights into the material handling sector\u2019s $266 billion GDP impact and its growing role in the national supply chain MHI, IN COLLABORATION with Oxford Economics, has released an updated “Handling the U.S. Economy: The Economic Impact of the Material Handling Industry” report. This in\u2011depth analysis explores how the material …<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,10,1],"tags":[],"class_list":["post-8556","post","type-post","status-publish","format-standard","hentry","category-departments","category-industry-trends","category-uncategorized"],"yoast_head":"\nMaterial Handling Industry Fuels U.S. Economic Growth, MHI Report Finds - MHI Solutions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mhisolutionsmag.com\/index.php\/2025\/12\/11\/material-handling-industry-fuels-u-s-economic-growth-mhi-report-finds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Material Handling Industry Fuels U.S. Economic Growth, MHI Report Finds - MHI Solutions\" \/>\n<meta property=\"og:description\" content=\"MHI and Oxford Economics release new insights into the material handling sector\u2019s $266 billion GDP impact and its growing role in the national supply chain MHI, IN COLLABORATION with Oxford Economics, has released an updated “Handling the U.S. Economy: The Economic Impact of the Material Handling Industry” report. 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