LIFTING MADE EASY

Material handling equipment (MHE) will see huge demand with e-commerce and metro projects being launched rapidly

- Molly R

One of the key factors driving growth in the automated material handling equipment market in the US is the advanced automation of processing plants. In addition, the advent of Industry 4.0 is another factor supporting the automated material handling equipment market share growth in the US.

The increasing acceptance of PEB-based construction technique is because it is innovative, high-tech, and faster, ensuring efficient, cost-effective, and timely completion of projects (which is the prerequisite for the construction sector to meet tight construction schedules).

According to a recent study from market research firm Graphical Research, the global material handling equipment market size is set to register a significant growth during the forecast timeframe, due to the growing labor costs. The pandemic had a negative impact on the availability of labor force because several travel and movement restrictions were imposed by governments. This has prompted organizations to implement automation technologies in their supply chain processes to replace manual labor and save money. Material handling equipment facilitate faster product transfers and can assist companies in reducing their labor force to make their processes more efficient.

FIT INTO THE PLAN