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Premium Report Details
Base Year: 2022
Companies covered: 14
Tables & Figures: 488
Countries covered: 20
Pages: 250
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Pharmaceutical Storage and Material Handling Equipment Market
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Pharmaceutical Storage and Material Handling Equipment Market Trends
In North America and Europe, the cost of manual labour is experiencing substantial growth. For instance, according to the Eurostat, in 2022, average hourly labour costs was estimated at USD 32.5 t0 USD 35.8 in the European countries. Similarly, according to the U.S. Department of Labours, in 2022, the unit labour cost in the pharmaceutical industry increased by 8.3% as compared to 2021 in the U.S. Thus, the high labour cost is significantly propelling the demand for automated storage and material handling equipment.