The Market Size Of Automated Material Handling Equipment Will Reach $56.51 Billion By 2027, With A Cagr Of 5.7% From 2020 To 2027.

According to a report released by Fortune Business Insights, the global automated material handling market is projected to reach $56.51 billion by the end of 2027, growing at a CAGR of 5.7% during the forecast period. The main drivers of market growth are the growing demand for material handling automation, the growth of the e-commerce industry, and the need for cost-effective material handling solutions. Handling equipment is widely used in construction and manufacturing activities to transport and move heavy equipment.