News Contact Us

APAC Material handling equipment market to witness rapid progressions in apac, global industry valuation to exceed USD 80 billion by 2025

Author : Rahul Varpe | Published Date : 2019-03-22 

In the APAC material handling equipment market, aftermarket players are providing their products through different sales channels such as distributors, online channels, and rental companies. Online channels are expected to witness a high demand for these products due to the increased dependency of end users to order the component needed by selecting the required parts from several online retail sites.

These retail channels allow manufacturers to compare the prices, specifications, brands, and other parameters before the purchase of products without visiting physical stores. Moreover, online retail channels also offer several discounts or offers to these manufacturers, which is also a major factor propelling the adoption of online sales channels in the APAC material handling equipment market.

Asia Pacific Material Handling Equipment Market size is set to exceed USD 80 billion by 2025; according to a new research report by Global Market Insights, Inc. The shipments are expected to grow at a CAGR of around 7% from 2019 to 2025.

APAC material handling equipment market is experiencing high growth with the strong presence of companies offering robotic technologies for warehouse automation. The growing demand for these automated solutions for supporting several warehouse operations such as packaging, transportation, storage, and retrieval will accelerate the demand in the Asia Pacific material handling equipment market. Moreover, the increasing labor costs are forcing industries to shift their focus toward robotic technologies. Increased operational efficiencies and productivity with the applications of these systems in the warehouses are helping companies to improve their sales and productivity.

Request for a sample copy of this report @ www.gminsights.com/request-sample/detail/3107

The aftermarket demand for equipment parts, accessories, and services is witnessing high growth in the APAC material handling equipment market. The industrial sectors are engaged in performing regular maintenance and repairs of their industrial machinery to minimize the system downtime and failure. These maintenance tasks involve the replacement and installation of new parts or components for enhancing the system efficiency and operability. Such factors are predicted to accelerate market growth. Moreover, several small-scale industries are installing used machinery to minimize the additional expenses of purchasing new equipment. These machines require the replacement of parts and components at regular intervals. Such factors are anticipated to provide an impetus to the industry growth.

In 2018, the bulk equipment accounted for around 35% of the APAC material handling equipment market share. Products such as machine parts and components that are bulky require effective technologies that can handle and transport the components safely without any damage. The growing adoption of conveyor belts to transport industrial products from one production unit to the other will drive the market demand. The manufacturers are engaged in incorporating innovative technologies into these products to enhance business operations and production rates. For instance, smart motors and controllers are being integrated into a single module that offers control communications and work with the specific system.

Regulatory authorities in the region are developing several initiatives that are generating a high demand for automated technologies. In 2018, China accounted for around 40% of the Asia Pacific material handling equipment market share. The Made in China 2025 initiative by the Government of China is accelerating the production rate of the country. It is encouraging global and domestic companies to establish their manufacturing facilities within the country to support this initiative. These manufacturing facilities will require automated technologies for enhancing and improving production capabilities and operations, boosting the APAC material handling equipment market demand. Furthermore, the manufacturers are also helping small-scale companies to purchase these automated machines by flexible loan and financing options. This is aiding companies to install modern equipment in their facilities within the budget range.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/3107

Key players in the APAC 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. These companies are engaged in developing intelligent solutions that will allow industries to monitor the business processes remotely. The manufacturers are partnering with different technology providers to incorporate smart technologies into their product offerings. For instance, in November 2018, Mantsinen Group collaborated with Remion Ltd. for the supply of remote monitoring technologies, which are being integrated into the company’s material handling machines. The technology providers are also engaged in developing intelligent hardware and software tools, accelerating technological advancements and innovations. In April 2017, TotalTrax, Inc. launched software-driven equipment monitoring technology for enhancing the labor productivity, safety, and management of product handling machines.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Email: [email protected]
Web: www.gminsights.com/

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

Related News

Positive Displacement Blowers Market 2019-2024; Growth Forecast & Industry Share Report

Published Date: 2019-06-25         Author: Rahul Varpe

Positive displacement blowers (rotary lobe blowers) market shall be driven by growing demand from oil & gas industry, it is one of the biggest and steadily growing industry in recent times. Increasing consumption of oil & gas for transportation, industrialization and energy generation has in... Read More

Centrifugal blower market to accrue lucrative gains over the forecast timeframe

Published Date: 2019-06-25         Author: Rahul Varpe

Centrifugal Blower Market share for cement plant is projected to witness gains of more than 3.5% by 2024. This equipment are used for removing waste gases and re-circulating air in the cement plants. Moreover, they are used in the blending and storage area, conveying raw materials, additives, and ch... Read More

Stationary air compressor market future trend and growth opportunities by 2024

Published Date: 2019-06-25         Author: Rahul Varpe

Global automotive industry growth will also positively impact the stationary air compressor market development till 2024. Increasing vehicle production in the Asia Pacific region will boost stationary air compressor?s demand as they an integral part of every car air conditioner. The product is also ... Read More

© 2019 Fractovia. All Rights Reserved