The Global Market for Automated Material Handling Equipment is Projected to Reach US$30.4 Billion by 2022
Focus on Manufacturing Competitiveness Drives Demand for Automated Material Handling Equipment, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Automated Material Handling Equipment market. The global market for Automated Material Handling Equipment is projected to reach US$30.4 billion by 2022 , driven by the growing pressure to improve manufacturing efficiency and the ensuing expansion in the role played by automation technologies. Material handling equipment finds widespread use in diverse industries for storage, control and movement of items. The quest for efficiency in the manufacturing and industrial sectors continues to grow strong against the backdrop of intensifying competition in the free market economy. Export-oriented industrialization in developing markets is exerting pressure on the manufacturing sector to remain co