Automated Material Handling Equipment Market To Reach Usd 57.94 Billion By 2031, Driven By Rise Innovation And Industry Adoption For Streamlining Operations And Boosting Efficiency.

The automated material handling equipment market is experiencing significant growth due to the rise of smart factories and advancements in robotics technology. This is driven by the need for streamlining operations and improving efficiency in the logistics and manufacturing industries. The market is projected to reach USD 57.94 billion by 2031, growing at a CAGR of 10.6% during the forecast period.