Automated Material Handling Equipment Market Worth $45.7 Billion by 2028
The Automated Material Handling Equipment Market is expected to reach USD 45.7 billion by 2028 from USD 30.6 billion in 2023, at a CAGR of 8.3 % during the 2023–2028 period according to a new report by MarketsandMarkets™. The ever-evolving automotive, e-commerce, food & beverage, 3PL, and other industries, along with their continuous production, are major factors driving the growth of the global automated material handling equipment market. Moreover, the need for ASRS and AGVs for several applications is also...
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