According to new market research report published by MarketsandMarkets, the automated material handling equipment market is estimated to reach $44.68 billion by 2022, at a CAGR of 7.9% between 2016 and 2022.

The factors which are driving the automated material handling equipment market include the increasing demand for automated solutions, technological developments in AMH equipment, a growing focus of manufacturers on ensuring safe working environments in warehouses and reduction in labor cost through advancement in robotics.

Robotic systems reduce labor cost, help prevent injury to personnel and can provide high return on investment. Manufacturers introducing robots in their production processes have typically seen a significant transformation in their productivity and efficiency with higher levels of output, product quality and flexibility.