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$80 BN | Asia Pacific Material Handling Equipment Market Study by Regional Revenue & Growth Forecast to 2025

Author : Rahul Varpe | Published Date : 2019-08-06 

Third party logistics industry is anticipated to emerge as one of the most profitable application avenues for the Asia Pacific material handling equipment market. Undeniably, this growth can be credited to the emergence of a hyper competitive pricing market for all third party logistics services. With an increase in the domestic consumption in Asian region, which is increasingly focused on high value and quality goods, companies are getting more inclined towards robotic technologies and automation.

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The eCommerce market is expected to depict a highly commendable growth rate across economies such as India and China. Indeed, China is known to account for almost half of online retail eCommerce sales across the globe. Apart from making the process hassle free, companies in the eCommerce industry are adopting advanced and automated material handling equipment to speed up the operations, along with reducing costs – a major parameter of concern in the eCommerce industry.

The regulatory framework in the Asia Pacific is majorly responsible for impelling the regional material handling equipment industry, given that legislative authorities are developing a number of initiatives that are generating a huge demand for automated technologies. The initiative called ‘Made in China 2025’ by the Chinese government for instance, is accelerating the production rate in the nation. This move is encouraging domestic and global companies to establish their manufacturing facilities in the nation. Such facilities would overtly need automated technologies to enhance and improve operations and production capabilities, which would propel Asia Pacific material handling equipment market.

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APAC Material Handling Equipment Market, By Demand:

  • New demand
  • Aftermarket

APAC Material Handling Equipment Market, By Application:

  • 3PL
  • E-Commerce
  • Durable Manufacturing
  • Food & Beverage
  • General Merchandise
  • Food Retail

The Asia Pacific material handling equipment market been experiencing appreciable growth on account of the presence of myriad regional companies delivering robotic technologies for warehouse automation. An influx in the demand for automated solutions to support numerous warehouse operations like retrieval, storage, transportation and packaging will steer the industry growth in the years to come. Endorsed by a widespread application terrain, the market is anticipated to depict a highly lucrative remuneration graph in the coming years. According to estimates, the valuation of market would surpass US$80 billion by the end of 2025.

Key players in the Asia Pacific material handling equipment market include Columbus McKinnon, Beumer Group GmbH & Co. KG, JBT Corporation, KUKA AG, Liebherr, Kion Group AG, Murata Machinery, Ltd., TGW Logistics Group GmbH, Kardex AG, and System Logistics, among others.

The deployment of material handling equipment has thus proved to be highly beneficial across a spate of verticals. Indeed, the Asia Pacific material handling equipment market has been touted to thrive essentially on account of the vast application spectrum of these components, which is expected to expand in the forthcoming years.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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