Asia Pacific Material Handling Equipment Market Report to 2025 | Demand and Growth Forecast by Top Leading Players
Category: #technology  By Rahul Varpe  Date: 2020-03-21
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Asia Pacific Material Handling Equipment Market Report to 2025 | Demand and Growth Forecast by Top Leading Players

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.

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.

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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.

The APAC material handling equipment market has, of late, been experiencing appreciable growth on account of the presence of myriad regional companies delivering robotic technologies for warehouse automation. An influx in the demand for automated solutions to support numerous warehouse operations like retrieval, storage, transportation and packaging will steer the industry growth in the years to come.

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

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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.

The regulatory framework in the Asia Pacific is majorly responsible for impelling the regional material handling equipment industry, given that legislative authorities are developing a number of initiatives that are generating a huge demand for automated technologies. The initiative called ‘Made in China 2025’ by the Chinese government for instance, is accelerating the production rate in the nation. This move is encouraging domestic and global companies to establish their manufacturing facilities in the nation. Such facilities would overtly need automated technologies to enhance and improve operations and production capabilities, which would propel APAC material handling equipment industry.

Key players in the APAC material handling equipment market include Columbus McKinnon, Beumer Group GmbH & Co. KG, JBT Corporation, KUKA AG, Liebherr, Kion Group AG, Murata Machinery, Ltd., TGW Logistics Group GmbH, Kardex AG, and System Logistics, among others. These companies are engaged in developing intelligent solutions that will allow industries to monitor the business processes remotely.

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About Author

Rahul Varpe

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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