Mexico Material Handling Market: Market Research by Knowledge Sourcing Intelligence
Mexico material handling market is projected to witness the growth at a decent CAGR during the forecast period. The regulations for workplace and worker’s safety augments the need for replacing labor with machines, which in turn is propelling the Mexico material handling market growth. In addition, the aging population and the growing prevalence of diseases are expected to increase the labor cost in years ahead. This will encourage players to adopt material handling equipment in the coming years. The mining industry in Mexico is growing exponentially owing to the presence of an abundance of unexplored resources. The inability of workers to perform some specific tasks during mining drives the demand for material handling equipment which, in turn, boosts Mexico’s material handling market growth. Workers who perform manual handling tasks in industries which require transportation and transfer of bulky and heavy materials are exposed to the risks suc...