APAC material handling equipment market is witnessing increased adoption of Automated Guided Vehicles (AGVs) in several application sectors, such as warehouses, third-party logistics, and e-commerce, allowing these businesses to perform heavy loading operations with the help of remote monitoring technologies.
Increasing adoption of modern technologies in the e-commerce sector is expected to drive the market. Countries including India and China are witnessing a rise in the number of customers moving toward online shopping due to increased flexibility and customization. Asia Pacific Material Handling Equipment Market is expected to exceed USD 80 billion by 2025.
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Rapid industrialization and urbanization trends in APAC region are the major factors contributing to the growth of the Asia Pacific material handling equipment market. Several economies, such as Singapore, Australia, Malaysia, and Japan, are among the major countries that have a high industrialization intensity index.
E-commerce industry is flourishing at a rapid pace in India due to the strong presence of the global as well as the domestic players operating such as Amazon, Flipkart, Snapdeal, Myntra, and others. With such an increase in the number of online orders, the e-commerce sector is engaged in modifying its industrial processes with the adoption of automated technologies to enhance the production and distribution rate.
APAC Material Handling Equipment Market, by Application:
- Durable Manufacturing
- Food & Beverage
- General Merchandise
- Food Retail
Increasing adoption of automated technologies in the industries for handling and transporting industrial goods from one department to other is driving the efficiency of business operations. These industries are investing highly to transform their manual industrial operations to automated processes. With the rapid increase in demand for industrial goods by customers, the industries are engaged in speeding up their production capabilities, which is encouraging them to install robotic technologies, thereby accelerating the Asia Pacific material handling equipment market growth.
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The major players participating in the Asia Pacific material handling equipment market are: Clark Material Handling Company, Bastian Solutions, LLC, Dematic GmbH & Co., BEUMER Group GmbH & Co. Kg, Crown Equipment Corporation, Hyster-Yale Materials Handling, Inc., KION Group AG, JBT Corporation, Liebherr Group, Toyota Industries Corporation, Mitsubishi Caterpillar Forklift America, Inc., KUKA AG, Honeywell Intelligrated, Inc., Siemens AG, and Kardex AG.
The players in the APAC material handling equipment market are engaged in partnering with industrial customers to develop a long-term relationship, thereby enhancing their sales & profitability. For instance, in October 2017, KUKA AG signed a supply agreement with Gebo Cermex to offer its robotic technologies to Gebo Cermex’s packaging line.
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