APAC Material Handling Equipment Market 2019-25 | KUKA AG, Toyota Industries Corporation, TGW Logistics Group GmbH, Caterpillar, Inc., Kion Group AG, Jungheinrich AG, Daikufu Co. Ltd
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APAC Material Handling Equipment Market is expected to exceed USD 80 billion by 2025. 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 APAC material handling equipment market growth.
APAC Material Handling Equipment Market, By Product
• Storage & Handling Equipment
o Stacking Frames
o Shelves, Bins & Drawers
• Industrial Trucks
o Automated Guided Vehicles (AGVs)
o Hand, Platform & Pallet Trucks
o Order Pickers
o Pallet Jacks
o Walkie Stackers
• Bulk Material Handling Equipment
o Conveyor belts
• Automated Storage & Retrieval System (AS/RS)
o Unit-Load AS/RS
o Mini-Load AS/RS
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The online retail channel segment is witnessing high growth in the APAC material handling equipment market due to a rise in the number of players offering diversified product categories in different price ranges. With an increase in the number of online options, customers have a wide range of alternatives to select the products specific to industrial requirement and within their budget. Moreover, these online channels also offer several discounts, warranties, and additional benefits attracting the interests of industrial customers for online purchases. The region is witnessing an increased competition in the online retail channel segment to cater to the widespread demand of the industrial customers, thereby propelling the Asia Pacific material handling equipment market growth.
Increasing adoption of modern technologies in the e-commerce sector is expected to drive the Asia Pacific material handling equipment 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. The 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.
Rapid industrialization and urbanization trends in this 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. The rising interest of the global companies to establish their manufacturing base in the region due to the availability of cheap labor and abundance of resources is accelerating the Asia Pacific material handling equipment market growth. These industrial segments are installing modern & automated technologies in their facilities to simplify the business operations and enhance the efficiency in their processes.
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The major players participating in the APAC 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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