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Material handling equipment demand to grow 4 percent annually

from Material Handling & Logistics

Global demand for material handling products is forecast to climb 4 percent annually through 2016 to $123.6 billion, according to World Material Handling Products, a new study from The Freedonia Group Inc., a Cleveland-based industry market research firm. The report states that opportunities will be best for sales of advanced equipment such as automated conveyors and automated guided vehicles, citing automation's role in labor reduction. more

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