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Asia Pacific Material Handling Equipment Market 2019 - 25 | Global revenue to surpass $80 bn

Author : Rahul Varpe | Published Date : 2019-09-17 

Industrial sector in APAC has lately been under pressure to shift its focus toward robotic technologies owing to the hike in labor costs. The growing operational productivity and efficiencies in warehouses through the applications of these systems are enabling the companies to enhance their sales and productivity. Moreover, a number of small-scale industries are deploying old/used machinery for minimizing extra cost of purchasing new equipment. These machines need replacement of parts and components at regular intervals, which will subsequently propel the commercialization map of the Asia Pacific material handling equipment market in the forthcoming years.

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3PL 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.

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.

Asia Pacific material handling equipment market, By Product:

  • Storage & Handling Equipment
  • Industrial Trucks
  • Bulk Material Handling Equipment
  • Robotics
  • Automated Storage & Retrieval System (AS/RS)

Important pointers encompassed pertaining to the product spectrum:

  • Substantial details about the product spectrum are provided in the report.
  • The study mentions about the valuation estimate of each of the product categories in detail, by the end of the forecast period.
  • The market share that each of the product segments account are mentioned in the study.
  • The trends that the product landscape is defined by are also contained in the report.

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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 Asia Pacific material handling equipment market would surpass US$80 billion by the end of 2025.

Regulatory framework in the Asia Pacific is majorly responsible for impelling the regional material handling equipment market, given that legislative authorities are developing several 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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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.

Related news: https://www.marketwatch.com/press-release/north-america-and-europe-snow-blowers-market-2019-2024-revenue-forecast-by-global-industry-players-2019-09-17

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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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