Container Handling Equipment Market Rising at a CAGR of More than 4.2%
According to a new Fact.MR study, the global market for container handling equipment is expected to increase at a value CAGR of 4.2% over the forecast period, to reach a market size of USD 2,316.6 Mn by 2029 from a calculated USD 1,541.2 Mn in 2019. The report provides potential takeaways that prove to be significantly useful for other market entrants in the container handling equipment market and evaluates trends that are driving the growth for container handling equipment market in each market division on a global level. The uncompromising emission regulations for container handling equipment, growing containerized trade across the world and strong demand for container handling equipment in the Asia Pacific and the Middle East will fuel the demand for container handling equipment. Despite the consequential complexities for manufacturers and suppliers, the proliferation of automated products is considered to be a boon for the growth of the container handling equipment ...