Material Handling Equipment Market Worth 44.68 Billion USD by 2022, at a CAGR of 7.9%
The automated material handling equipment market is expected to reach USD 44.68 Billion by 2022, at a CAGR of 7.9% between 2016 and 2022. The growth of this market is propelled by the increasing demand for automated solutions, advancements in technology; need to ensure a safe working environment, and reduction in labor cost through advanced robotics.
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