Asia Pacific Material Handling Equipment Market - Revenue Growth, Development Status and Demand Forecast to 2025
Category: #reports  By Rahul Varpe  Date: 2020-04-20
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Asia Pacific Material Handling Equipment Market - Revenue Growth, Development Status and Demand Forecast to 2025

As per the latest research report, the Asia Pacific Material Handling Equipment Market is anticipated to depict a CAGR of 7% through 2025, having recorded a valuation of USD 50 billion in 2018 and By 2025, the market is expected to hit a remuneration of USD 80 billion.

The 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 APAC material handling equipment market in the forthcoming years.

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Unveiling Asia Pacific material handling equipment market trends from 3PL (Third party logistics) applications: -

The third party logistics industry is anticipated to emerge as one of the most profitable application avenues for the APAC 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.

Driven by the fact that material handling equipment help companies in raising their efficiencies and operational productivity, in a bid to make sure that their productivity and sales are enhanced, the 3PL sector is touted to hugely contribute toward the expansion of the APAC material handling equipment market. With an upsurge of expenditure on outsourced 3PL services across contract logistics, the demand for material handling equipment will naturally depict a rise, augmenting the APAC material handling equipment industry size from 3PL applications.

Unveiling Asia Pacific material handling equipment market trends from e-commerce applications: -

According to reliable report, 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.

As per China e-Business Research Center estimates, Tmall rules the B2C marketplaces of the Chinese eCommerce landscape, followed by JD, Suning, Tencent among others. The presence of numerous eCommerce companies, low-cost deliveries, and the mammoth population of the Asia Pacific region testifies the fact that the eCommerce industry in this region will witness a massive upsurge in the coming time. This would irrefutably contribute to the expansion of the APAC material handling equipment market from e-commerce applications over 2019-2025.

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Market Growth Drivers –

  1. Increasing need for automated solutions from SMEs
  2. Rising labor costs and inconveniences of employing a manual workforce
  3. Growing demand for personalized Automated Guided Vehicles (AGVs) in China
  4. Demand for robotic solutions for warehouse automation in Japan
  5. Increasing urbanization and safety concerns in India
  6. Attractive e-commerce industry in the South East Asian countries

Top Companies: -

Amerden Group, Beumer Group GmbH, Caterpillar, Inc., Daikufu Co. Ltd, Dematic GmbH & Co., KG, Fives Group, Intelligrated, Inc., Jungheinrich AG, Kion Group AG, KUKA AG, Murata Machinery, Ltd., Precision Automation & Robotics India Ltd., SSI Schaefer Holding International GmbH, TGW Logistics Group GmbH, Toyota Industries Corporation

Split by product type, the market has been divided into: -

  1. Storage & Handling Equipment [Racks, Stacking Frames, Shelves, Bins & Drawers, Mezzanines]
  2. Industrial Trucks [Automated Guided Vehicles (AGVs), Hand, Platform & Pallet Trucks, Order Pickers, Pallet Jacks, Side-Loaders, Walkie Stackers]
  3. Bulk Material Handling Equipment [Conveyor Belts, Stackers, Reclaimers, Elevators], Robotics, Automated Storage & Retrieval System (AS/RS) [Unit-Load AS/RS, Mini-Load AS/RS]

The report is inclusive of commendable information with respect the production, individual segmental growth rate, valuation, pricing, as well as segmental market share.

Split by application, the market is divided into: -

  1. 3PL
  2. E-Commerce
  3. Durable Manufacturing
  4. Food & Beverage
  5. General Merchandise
  6. Food Retail

This study is inclusive of in-depth information with respect to the consumption of the product as well as application segment market share, in tandem with the growth rate likely to be registered by every application segment.

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What are the key highlights of this report?

  1. A systematic pricing analysis has been done on the sources of the product, application, as well as regional categories
  2. A detailed analysis of the vendor matrix, important companies that will help better understand the competitive situation of the global business
  3. Important, insightful data on the regulatory status of the market, as well as the investment scenario – for instance, how many stakeholders have invested in the market and so on
  4. A deep-dive understanding of the various aspects propelling the overall market growth graph, as well as their influence on the worldwide market projections and dynamics
  5. A systematic roadmap depicting the numerous growth opportunities in the worldwide market coupled with the identification of vital factors
  6. An extensive evaluation of the various trends prevailing in the global industry that would help identify the various developments in the market from a global perspective


About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. 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 ...

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