Autonomous Forklift Market by Tonnage Capacity, Navigation Technology, Sales Channel, Application, End-use Industry, Type, Propulsion and Region – Global Forecast to 2027 – ResearchAndMarkets.com – Consumer Electronics Net consumerelectronicsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from consumerelectronicsnet.com Daily Mail and Mail on Sunday newspapers.
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The Global Automated Material Handling (AMH) Equipment Market is expected to grow from USD 43.6 billion in 2021 to USD 76.8 billion by 2026; it is expected to grow at a CAGR of 12% from 2021 to 2026.
The key factors driving the growth of the AMH equipment market are growing demand for automated storage and retrieval systems (ASRS) in e-commerce due to onset of COVID-19, increasing presence of startup companies offering robotic solutions for warehouse automation, rising popularity of AMH equipment among leading industries, and surging labor cost and safety concerns.
Market for robots to account for largest market share during forecast period