FMI estimates that by 2023, material handling equipment market could reach USD 4,411.5 million, and forecasts a compound annual growth rate (CAGR) of 4.5% over the next decade, with the total market value expected to reach USD 6,555.9 million by 2033. The increasing adoption of intelligent manufacturing techniques and industrial automation has made advanced material-handling …
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Material Handling Equipment Market is expected to grow at a 6.7% CAGR between 2022 and 2032
According to Future Market Insights research, during the projected period, the global Material Handling Equipment market is set to enjoy a valuation of US$ 213.35 Bn in 2022. According to the FMI analysis, the global Material Handling Equipment market is anticipated to register a CAGR of 5.7% during 2022-2032. The demand for the material handling equipment is primarily driven by the …