Material Handling Equipment Market to hit $190bn by 2024: Global Market Insights, Inc.

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The industry share report “ Material Handling Equipment Market Size By Product (Storage & Handling Equipment, Industrial Trucks, Bulk Material Handling Equipment, Robotics, Automated Storage & Retrieval System (AS/RS)), By Application (3PL, E-Commerce, Durable Manufacturing, Food & Beverage, General Merchandise, Food Retail), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Australia, Mexico, Brazil), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” by Global Market Insights, Inc. says Material Handling Equipment Market size is poised to cross USD 190 billion by 2024. Material handling equipment market growth is attributed to the capability to deliver a rapid and efficient means for the transit of goods from the warehouses to their respective locations. In addition, these systems provide several benefits to different industry verticals such as food retail, general merchandise, and durable manufacturing by enhancing the productivity with the use of automated systems and eliminating the need for humans for tedious tasks to minimize manual errors. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1384 A strong investment landscape to install this machinery in warehouses and distribution centers will offer significant growth opportunities to the material handling equipment market. Companies are actively integrating various advanced solutions in the warehouses and distribution centers due to the swift changes in the consumer preferences. Several manufacturers have introduced tracking sensors and telematics solutions into the equipment, which aids in providing data management solutions that support the companies managing their warehouse fleet efficiently. Increasing demand for robotics is expected to drive the material handling equipment market demand. This is due to the ability of robots to improve the effectiveness of the manufacturing plant and surge customer satisfaction by delivering quality products in a timely manner. It also aids in transporting objects from one location to […]