Material Handling Equipment Market In Europe Outlook, Opportunity and Demand Analysis, Forecast 2022 – 2032

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According to Future Market Insights research, during the projected period, the global Material Handling Equipment market is set to enjoy a valuation of US$ 213.35 Bn in 2022. According to the FMI analysis, the global Material Handling Equipment market is anticipated to register a CAGR of 5.7% during 2022-2032.

The demand for material handling equipment is primarily driven by the growing e-commerce industries and increasing automation in the logistics sectors. The top 5 key players in the global Material Handling Equipment market are Liebherr Group, KION Group AG, Jungheinrich AG, Viastore Systems GmbH, Eisenmann AG., etc.

A new forecast by FMI analysis estimates that Material Handling Equipment sales will augment during 2022-2032 and is anticipated to create a growth opportunity of US$ 158.05 Bn. This growth opportunity I owing to the booming industrial sectors worldwide which are demanding a surge in material-handling equipment.

The growing industrial and factory automation with increasing technology and process automation is projected to create a growth opportunity for the global Material Handling Equipment market during the forecast period. Manufacturers, factory owners and industry personnel are more concentrated on minimizing the hard work and process timing of movement of goods and products and transportation.

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