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Material Handling Equipment Market share to grow at 5% CAGR from 2016 to 2024

Request Sample of Report @ http://bit.ly/2q4lrSJ<br>Material Handling Equipment Market size was over USD 110 billion in 2015; industry growth is pegged at over 5% CAGR estimation from 2016 to 2024. Increasing penetration of advanced technologies, such as RFID, IoT, and voice picking, are expected to drive the material handling equipment market over the forecast timeframe. The evolution in the technology to assist smooth warehouse & logistics operations in meeting customer demand is rapidly changing the business environment. <br>

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Material Handling Equipment Market share to grow at 5% CAGR from 2016 to 2024

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  1. Global Material Handling Equipment Market to grow at 5% CAGR from 2016 to 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights from Material Handling Equipment Market: • Material handling equipment market growth is attributed to the capability to deliver a rapid and efficient means for the transit of goods from the warehouses to their respective locations. In addition, these systems provide several benefits to different industry verticals such as food retail, general merchandise, and durable manufacturing by enhancing the productivity with the use of automated systems and eliminating the need for humans for tedious tasks to minimize manual errors. • A strong investment landscape to install this machinery in warehouses and distribution centers will offer significant growth opportunities to the material handling equipment market. Companies are actively integrating various advanced solutions in the warehouses and distribution centers due to the swift changes in the consumer preferences. Several manufacturers have introduced tracking sensors and telematics solutions into the equipment, which aids in providing data management solutions that support the companies managing their warehouse fleet efficiently.

  3. Global Material Handling Equipment Market Size, By Application, 2015 & 2024 ($ Bn)

  4. Browse Full Market Research Report of Material Handling Equipment Market@ http://bit.ly/2q4d7Cq Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/1384

  5. 360° Analysis • Application Analysis • E-commerce applications are anticipated to witness attractive growth opportunities over the forecast timeline. This is due to the rising demand of efficient, responsive, and reliable material handling equipment market as the customers expect their orders accurately, quickly, and undamaged. The material handling processes aids in enabling supreme performance and high uptime for the peak-season productivity. They help in moving more pallets per shift, and reduce product damage with careful handling, with lift truck and equipment rental options. • Regional Analysis • India material handling equipment market share is anticipated to grow significantly from 2016 to 2024 due to an attractive economic landscape, and significant demand for goods movement. The increase in the manufacturing activities in the region will also augment sales. The need for safe working environments in industrial facilities, developments in areas such as wireless technologies, robotics, and flexible electronics will fuel the MEA material handling equipment market size. Furthermore, the expansion of various international firms in the region will drive demand. • Competitive Market Share • Participants accounting for material handling equipment market share include Kion Group AG, Daifuku Co. Ltd, Bastian Solutions LLC, Dematic GmbH, etc.

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