Surge in Industrial Automation to Drive the Market for Automated Material Handling
The automated material handling market was valued at US$26.485 billion in 2020, and is estimated to grow at a CAGR of 7.36%, reaching a market size of US$43.528 billion by 2027.
Computerized technologies that use robots in place of any human labour are known as automated material handling systems. They are employed to push, pull, store, lift, and retrieve goods and resources.
This technology has the potential to revolutionise manufacturing facilities and warehouses in terms of productivity. Through various stages of a product's life cycle, from production to delivery to clients or end users, automation and material handling are essential. By utilising cutting-edge equipment and technology, this material handling system shortens the transit period.
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