The automated material handling equipment market is expected to reach $44.68 billion by 2022, at a CAGR of 7.9% between 2016 and 2022.
These are among the findings of a recent report by Research and Markets titled “Material Handling Equipment Market - Global Forecast to 2022.”
According to the report, the growth of this market is propelled by the increasing demand for automated solutions, advancements in technology, the need to ensure a safe working environment, and reduction in labor cost through advanced robotics.
