Material Handling Equipment Market - Forecast(2021 - 2026)
Global Material Handling Equipment Market: Overview The material handling equipment market has been largely positive with bolster in manufacturing capacities and introduction of new products or innovations in the market. Equipment includes diverse range of tools, appliances, and storage which is leading to an increase in the market size to $145.21 million in 2018 and the market value will grow with compound annual growth rate (CAGR) of 7.50% during the forecast period of 2019-2025. APAC is positioned as the leading region in the material handling equipment market. Rise in urbanization including the construction of airports, metro lines, and another transportation mode is influxing the demand in the material handling equipment market with the regional share of 38.19% in 2018. Global Material Handling Equipment Market: Outlook Material handling equipment is an automated equipment used for storage, controlling, and managing of materials and goods. Material handling equipment is used in