Rising concern for enhancing the efficiency in the manufacturing industry has been increasing the demand for the automation systems in the global market. Rising demand for automated solutions from various industries and rapid technological advancement in AMH equipment has been injecting the positive growth in the global materials handling equipment market. Growing demand for automated solutions in various industrial application such as automotive, food & beverages, healthcare, e-commerce and various others has been driving the global material handling equipment market. In 2014, around 229,000 industrial robots have been supplied across the globe, which high from 178000 industrial robots in 2013. Around 98900 industrial robots have been installed in automotive industry alone which is the largest among the various industrial application.