The U.S. material handling industry now contributes $266 billion to the nation’s GDP, supports more than 1.9 million jobs, and generates $58.3 billion in tax revenue, according to new research. The findings come from MHI and Oxford Economics’ updated Handling the U.S. Economy report, which measures the sector’s expanding role in the overall economy and supply chain network.
What’s Related
The study shows that the industry’s influence stretches well beyond warehouses and factory floors. Its reach extends across multiple sectors, creating ripple effects that drive employment, tax revenue, and business growth nationwide.
The report found that for every $100 directly generated by the material handling industry, another $260 is created elsewhere in the economy, a GDP multiplier of 3.6. The jobs multiplier is 3.7, meaning that every 10 direct jobs supports an additional 27 jobs across related industries.
Employment has also climbed since the last report in 2018, when the sector’s total GDP impact stood at $173.2 billion. Today, it directly employs about 502,000 workers, up from 402,000 six years ago. Manufacturers account for the largest share at 84%, followed by dealers (8.3%) and service providers (7.8%).
“This report highlights the essential role the material handling industry plays in driving economic growth. Beyond providing the equipment and technology that moves and delivers goods, the industry provides valuable support services—including consulting, leasing, and design—that enhance efficiency and generate added value throughout the supply chain and the broader economy,” said John Paxton, Chief Executive Officer of MHI. “The insights in this report will help to support your businesses decisions moving forward.”
