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Material Handling Equipment Market Trends Report & Forecast, 2017 – 2024

Material Handling Equipment Market Trends Report & Forecast, 2017 –

Material Handling Equipment Market Trends Report & Forecast, 2017 2024; Global Market Insights, Inc. Material handling equipment industry has evolved in the past few years with advanced technological interventions such as voice picking, RFID, Big data analytics, IoT, etc. With the developments in logistics operations globally, the adoption of material handling systems across several end users has turned huge. A strong investment in the installation of these machineries in warehouses to enhance the productivity, is anticipated to directly influence material handling equipment market growth path. Some of the end use industries such as general merchandise, food retail, and durable manufacturing are also automating their production base by incorporating material handling equipment in the process. As per Global Market Insights Inc., “Material handling equipment market having held a revenue of USD 110 billion in 2015, is slated to exceed USD 190 billion in the next seven years, with a projected CAGR of 5% over the period of 2016-2024.” Automated Storage & Retrieval System (AS/RS)), industrial trucks, storage & handling equipment, and robotics are the major products prevalent in the market. Material handling equipment industry from robots is witnessing a significant demand. The high-end manufacturing plants are incorporating robots to offer high level productivity on grounds of minimum manual error. © 2018 Global Market Insights Inc. All Rights Reserved www.gminsights.com

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