Automated material handling equipment is used for storage application to reduce the cost of storage, maximize space utilization, minimize accidents during the storage process, cut down on labor cost, enhance the efficiency of the manufacturing plant, and ensure high throughput. The automated material handling equipment market for packaging is expected to grow at a high rate between 2017 and 2023. The majority of the industry manufacturers prefer automated systems over manual handling for packing to ensure zero variation in the packaging process. Moreover, automated material handling equipment can maintain the quality of packaging.
The market for automated guided vehicles (AGV) is expected to grow at a high rate between 2017 and 2023. These self-guided vehicles can operate in complex material handling requirements without any human intervention, which is expected to drive the growth of the AGV market.
The automated material handling equipment market for e-commerce industry is expected to grow at a high rate between 2017 and 2023. The e-commerce companies are adopting automated material handling equipment to shorten the delivery time of products to the customers and for storing goods in warehouses to ensure quick delivery of the products