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APAC Material Handling Equipment Market revenue to reach $75 Bn by 2026

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APAC Material Handling Equipment Market size is projected to cross USD 75 billion by 2026, according to a latest forecast report by Graphical Research.

The Asia Pacific material handling equipment industry growth is due to an attractive economic landscape and a significant demand for automated goods movement. The rise in automated manufacturing activities in the region will augment sales. Moreover, the need for safe working environments in industrial facilities and developments in areas such as wireless technologies, robotics, and flexible electronics will fuel the regional market demand. The use of AGVs in China, India, and Japan has witnessed significant growth over the years owing to the emergence of technologically advanced vehicles and has enabled independent usage without exterior aids to support their movement. These vehicles offer several advantages such as transport optimization flow in compliance with fleet & workflow traffic, which is being distributed among AGVs.

The COVID-19 pandemic has a negative impact on the APAC material handling equipment market. The majority of the companies in the manufacturing sector expect COVID-19 to impact (about 53%) their operations. Market players will bend and adapt to the rapid changes in demand, expectations, and capacity. Some of the market players have sped up their response time to cater to the changing consumer preferences and demand. After the lockdown relaxation, manufacturers have ramped up production with proper infrastructure, technology, and resources.

The AS/RS segment is estimated to grow significantly over the forecast period. AS/RS systems integrate automated software and hardware for precise replenishment and picking. In addition, they frequently position and deliver the essential inventory to a conveyor structure, manual outfeed, or an ergonomic operator station. This leads to a decrease in floor space, labor, and inventory levels, resulting in rising productivity compared to manual storage approaches.

Browse detailed statistical insights from the report, “Asia Pacific Material Handling Equipment Market Size By Application (3PL, E-commerce, Manufacturing [Durable, Non-durable], General Merchandise, Food & Beverage, Food Retail, Pharmaceutical/Healthcare), By Product (Storage & Handling Equipment [Racks, Stacking Frames, Shelves, Bins & Drawers, Mezzanines], Industrial Trucks [Automated Guided Vehicles (AGVs), Hand, Platform & Pallet Trucks, Order Pickers, Pallet Jacks, Side-loaders, Walkie Stackers], Bulk Material Handling Equipment [Conveyor Belts, Stackers, Reclaimers, Elevators], Robotics, Automated Storage & Retrieval System (AS/RS) [Unit-load AS/RS, Mini-load AS/RS]), By Type (Manufacturer, Distributor), Research Report, Country Outlook (China, India, Japan, Australia, South Korea), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @

https://www.graphicalresearch.com/industry-insights/1746/asia-pacific-material-handling-equipment-market

The durable manufacturing segment held a substantial industry share in 2019 on account of  the increasing demand for consumer electronics, metal, and machinery products from North America and Europe. The easy & cheap availability of raw materials, electronic, and mechanical components in Asian countries is the key reason for the emergence of manufacturing companies. Additionally, several countries including China, India, etc., have low labor costs compared to other countries, which is a major factor fueling the durable manufacturing industry in Asia Pacific.

In 2019, distributors segment accounted for majority share in the Asia Pacific material handling equipment market. The online sales channel is growing steadily in ASEAN countries owing to improved mobile connectivity and digitization trends. Manufacturers have set up their warehouses and delivery locations in every region to address customer requirements in the shortest possible time.

Some of the key industry players include Honeywell Intelligrated, Hyster-Yale Materials Handling, Inc., JBT Corporation, Mecalux S.A., SSI Schaefer Group, Toyota Industries Corporation, Murata Machinery, Ltd., and Mitsubishi Motors Corporation.

The APAC material handling equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026 for the following segments:

Asia Pacific Market, By Product

  • Storage and handling equipment
    • Racks
    • Stacking frames
    • Shelves, bins, and drawers
    • Mezzanines
  • Industrial trucks
    • Automated Guided Vehicles (AGVs)
    • Hand, platform, and pallet trucks
    • Order pickers
    • Pallet jacks
    • Side-loaders
    • Walkie stackers
  • Bulk material handling equipment
    • Conveyor belts
    • Stackers
    • Reclaimers
    • Elevators
    • Others
  • Robotics
  • AS/RS
    • Unit-load AS/RS
    • Mini-load AS/RS

Asia Pacific Market, By Application

  • 3PL
  • E-commerce
  • General merchandise
  • Food retail
  • Food & beverage
  • Manufacturing
    • Durable
    • Non-durable
  • Pharmaceutical/Healthcare

Asia Pacific Market, By Type

  • Manufacturers
  • Distributors

The above information has been provided for the following countries:

  • Asia Pacific 
    • China
    • India
    • Japan
    • Australia
    • South Korea