Material Handling Equipment Market Size To Surpass Us$ 408.13 Billion At A Cagr Of 6% By 2032

The Global Material Handling Equipment Market is estimated to be around US$ 227.9 Billion in 2022. Asia Pacific contributes more than 35% of the market share and is growing rapidly. The market is being driven by various factors, including the increasing demand for material handling equipment in the e-commerce industry, the growth of the manufacturing industry, and the need for advanced technologies to enhance the efficiency.