Press release
How Asia Pacific Material Handling Equipment Market Growing Rapidly…? Top manufacturers: CLARK Material Handling Company, BEUMER Group, Crown Equipment Corporation, Dematic, JBT Corporation
Asia Pacific Material Handling Equipment Market
Asia Pacific Material Handling Equipment Market is expected to exceed USD 80 billion by 2025.
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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 market growth.
APAC Material Handling Equipment Market, by Sales Channel:
• Independent dealers/distributors
• Direct sales to customers
• Rental companies
• Online channel
The online retail channel segment is witnessing high growth in the Asia Pacific 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 market growth.
Asia Pacific 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. The movement of these machinery is directed with the combination of sensor-based guidance system and software tools. It offers safe movement of the loads due to controlled acceleration and deceleration with the help of automatic obstacle detection bumpers. Such advantages are encouraging the industrial segments to install these automated technologies in their facilities, thereby accelerating the market.
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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
• 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.
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 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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Global Market Insights, Inc.
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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.
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