Automated Material Handling Equipment Market To Reach $114.45 Billion By 2030
Automated Material Handling Equipment Industry Overview The global automated material handling equipment market size was estimated at USD 61.04 billion in 2023 and is projected to grow at a CAGR of 9.7% from 2024 to 2030. The growing need for automation in various industries drives the market growth. Companies want to automate manufacturing processes to improve efficiency, reduce labor costs, and improve product quality. Material handling is a critical aspect of modern production systems, where the movement, storage, and protection of materials and products are essential for the efficient flow of operations. Gather more insights about the market drivers, restrains and growth of the Automated Material Handling Equipment Market This process is integral to the manufacturing, distribution, consumption, and disposal of goods and impacts the system's overall performance. A well-designed material handling system can reduce labor costs, minimize equipment ex...