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Asia Pacific Material Handling Equipment Market Trends

Report ID: GMI3107
Published Date: Aug 2023
Report Format: PDF

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Asia Pacific Material Handling Equipment Market Trends

The growing popularity of electric material handling equipment in several industries to offer minimized emissions, reduced noise pollution, enhanced efficiency, and potentially low operating costs over time will supplement the market growth. Electric forklifts, order pickers, reach trucks, and pallet jacks are increasingly deployed in warehousing and distribution centers to move goods, manage inventory as well as load and unload trucks. Rising application scope in manufacturing facilities, ports and terminals, airports, retail stores, construction sites, food & beverage, mining, automotive manufacturing, healthcare facilities, and agriculture industries will also drive the product uptake.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for material handling equipment in Asia Pacific will witness more than 7% CAGR from 2023 to 2032, owing to the higher adoption of personalized Automated Guided Vehicles (AGVs) in developing countries, such as China.

Asia Pacific material handling equipment market size from the e-commerce application segment is estimated to observe around 10% CAGR from 2023 to 2032, driven by the rising internet penetration and higher adoption of conveying solutions.

China material handling equipment market size is poised to observe substantial expansion through 2032, on account of the strong presence of well-established manufacturing, automotive, and e-commerce sectors in the country.

Some of the major Asia Pacific material handling equipment industry players include Toyota Material Handling, AECOM, Hyundai Engineering & Construction Co., Ltd., Noblelift Intelligent Equipment Co. Ltd., and Royal BAM Group NV.