Press release
Asia Pacific Material Handling Equipment Market 2020 Trends & Growth Projections by Leading Players: Caterpillar, Inc., Jungheinrich AG, Kion Group, TGW Logistics Group, KUKA
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 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.
APAC Material Handling Equipment Market Growth Drivers: --
o Increasing need for automated solutions from SMEs
o Rising labor costs and inconveniences of employing a manual workforce
o Growing demand for personalized Automated Guided Vehicles (AGVs) in China
o Demand for robotic solutions for warehouse automation in Japan
o Increasing urbanization and safety concerns in India
o Attractive e-commerce industry in the South East Asian countries
The major players participating in the Asia Pacific material handling equipment market are: -
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
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APAC Material Handling Equipment Market, By Application: -
1. 3PL
2. E-Commerce
3. Durable Manufacturing
4. Food & Beverage
5. General Merchandise
6. Food Retail
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 Asia Pacific material handling equipment market growth.
The 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 Asia Pacific material handling equipment market.
Browse more info @ https://www.globenewswire.com/news-release/2019/02/12/1720463/0/en/Material-Handling-Equipment-Market-in-APAC-to-cross-80-bn-by-2025-Global-Market-Insights-Inc.html
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