Material Handling Market to Grow 10.57% by 2020

Material Handling Market to Grow 10.57% by 2020

Published in Monitor Daily

A new report from Research and Markets forecasts the global handling and lifting equipment market will grow at a CAGR of 10.57% during the period 2016 to 2020.

According to Research and Markets, handling and lifting equipment manufacturers are focusing on the development of new and advanced equipment. Additional emphasis is being placed on the safety and control systems that are being installed in equipment. Builders and construction companies involved in the construction of high-rise buildings find it difficult to lift heavy materials and loads to greater heights. Material lifting operators face difficulty during the swaying of loads. Hence, construction equipment manufacturers are trying to improve the efficiency of lifting operations and provide protection on the work site.

 

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