Material Handling Equipment Market Future of Autonomous Vehicles
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Introduction The material handling equipment market is undergoing a significant transformation with the integration of autonomous vehicles. With advancements in automation, artificial intelligence, and machine learning, the industry is shifting towards smarter and more efficient solutions. The adoption of autonomous material handling vehicles is reshaping warehouse operations, logistics, and supply chain management. These technologies are improving efficiency, reducing labor dependency, and enhancing overall operational safety. The global market for material handling equipment is projected to expand from $263.3 billion in 2025 to $400.6 billion by 2032, at a CAGR of 6.2%. Increasing reliance on automation and robotics due to labor shortages is driving this growth. Evolution of Autonomous Material Handling Equipment Autonomous vehicles in material handling have evolved from simple automated guided vehicles (AGVs) to highly sophisticated autonomous mobile robots (AMRs). Tr...