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The material handling equipment market size is forecast to increase by USD 13.20 billion at a CAGR of 5.86% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. First, the construction industry's expansion across various regions is increasing the demand for motor vehicle lifts and traditional handling equipment, such as forklifts and cranes. Second, there is a growing emphasis on automation in material handling, leading to the adoption of advanced technologies like lifting accessories and baggage handling systems. The food retail sector and pharmaceutical industry are particularly investing in automated solutions to enhance storage capacity and streamline operations. However, the market also faces challenges, including the rise in cyberattacks targeting industrial trucks and other material handling equipment. To mitigate these risks, companies are prioritizing security measures and implementing strong data protection strategies.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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