Home › News Updates › Supply Chain Asia Quotes MarketsandMarkets for Scenario in Automated Material Handling Equipment Market
MarketsandMarkets was recently quoted by Supply Chain Asia, giving the future market scenario in automated material handling equipment market.
Booming e-commerce industry and advancements in technology such as robotics, wireless technology, and driverless vehicles, among others have led to a high demand for automation in various, thereby managing the storage and movement of products as well as increasing the productivity by enhancing the logistics in any manufacturing plant. The global market for automated material handling equipment is estimated to be worth $48.31 Billion by 2023, growing at a CAGR of 7.8% during the forecast period from 2017 to 2023.
For More Details:
Report mentioned in the above news is,
Automated Material Handling Equipment Market by Product (Robots, ASRS, Automated Conveyors and Sortation Systems, Automated Cranes, AGV), System Type (Unit Load, Bulk Load), Software & Services, Function, Industry, and Region - Global Forecast to 2023
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