Automated Material Handling Equipment Market size was valued at USD 64.19 billion in 2024 and is set to exceed USD 208.86 billion by 2037, registering over 9.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automated material handling equipment is evaluated at USD 69.07 billion.
The market growth is attributed to the growing need for automation in the manufacturing industry to improve productivity and reduce labor costs. In the manufacturing industry, the production, storage, and movement of the product is crucial and the use of automated material-handling equipment is essential for smooth flow of operation. According to a recent report, in 2020, material handling equipment sales amounted to about 1.75 million units
Author Credits: Richa Gupta
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