Asia Pacific (APAC) Automated Material Handling Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Products (Automated Guided Vehicles, Automated Storage And Retreival Systems, Software, Services), By Industry (Manufacturing, Medical & Healthcare, Electronics & Semiconductor, Chemicals, Food & Beverages, Warehousing, Automotive, Others), And By Geography - Forecasts From 2022 To 2027

The Asia Pacific (APAC) automated material handling market is expected to grow at a compound annual growth rate of 8.42% over the forecast period to reach a value of US$16.328 billion in 2027, from US$9.270 billion in 2020.

Asia-Pacific is one of the largest regions, in terms of consuming material handling products. This supremacy might be attributed to the region's rising use of innovative material handling solutions like automation throughout manufacturing, healthcare, automotive, and other industries. Several companies have launched products and expanded their operations by entering into partnerships which have led to the development of the market’s profitability in the upcoming years.

For instance, in December 2019, BYD (Build Your Dreams) India Private Limited, a division of China-based EV manufacturer BYD Group, entered the Material Handling Equipment (MHE) industry in India, becoming the country's exclusive provider of MHE devices using lithium-iron-phosphate batteries. Additionally, in July 2019, Godrej Material Handling is India's leading forklift truck and solution producer and exporter. Godrej RenTRUST is the very first Indian OEM to supply end-to-end rental of equipment for material handling to the 3PL, Retail, E-commerce, Airports, and Manufacturing industries. Furthermore, in December 2021, Configura, a global provider of CET space-planning and specifications software, and Talos, a global producer of material handling equipment, launched a new CET Extension for specifying Talos products. Talos' CET Extension, called Ichor3D, is software for planning,

As a result of the company's expansion by entering into partnerships along with implementing strategic investment, the market for automated material handling is anticipated to witness a surge in the Asia Pacific region during the projected period. For instance, In January 2020, Mahindra Logistics Ltd. (MLL), one of India's major 3PL solution providers, announced the launch of a state-of-the-art pharmaceutical distribution center in North India. With this launch, MLL enters the Pharma industry with a first-of-its-kind temperature-controlled warehouse. The cutting-edge warehouse has been specially designed and outfitted with the most recent temperature regulatory systems for efficient power consumption, customized storage, diverse Material Handling Equipment (MHE), and the most recent technological solutions, including 'Mycargo360,' a Transport Management System (TMS). MLL will manage its client's warehousing and distribution, as well as its incoming and outgoing multi-modal transportation across India, through this facility.

Furthermore, in February 2019, J-Tec Material Handling, a subsidiary of Katoen Natie, a leading supplier of smarter logistics and technical solutions, established its Asian headquarters in Rayong, Thailand, in the heart of one of the region's most vibrant industrial centers. J-Tec Material Handling, Ltd., with a staff of highly qualified local and foreign personnel, demonstrates its dedication to the rapidly increasing Asian market.

Additionally, in August 2022, BALYO, a technology pioneer in the development and design of novel robotic systems for material handling vehicles, renewed its partnership deal with the KION Group. BALYO and Linde Material Handling, a part of the KION Group, confirmed the signing of an order contract for 2022 for the third year in a row at the end of last year. The four-year renewal of the contract regulating the two parties' relationship demonstrates Linde Material Handling's faith in BALYO's technological solutions. BALYO has formed worldwide alliances with Hyster-Yale Group and KION, the holding company of Fenwick-Linde, to speed the material handling market's transition to autonomy.

Similarly, during the same time, Schaeffler India launched its Consolidation and Distribution Center (CDC) in Hosur, as part of their logistic footprint ambition to establish four consolidation and distribution centers across India. According to the corporation, the facility will be operated by a third-party logistics (3PL) service provider. The CDC provides material handling equipment such as reach trucks, electric vans, forklifts, and so on. The G+7 high-rise rack has a capacity of 16,000 pallet slots and can accommodate all automotive, commercial, and automotive aftermarket items for distribution. Therefore all these factors will contribute to the growth of the automated material handling market for the Asia Pacific region.

Key Developments

• June 2020: InVia Robotics was selected by the company Kantsu to provide autonomous mobile robots for its primary distribution centre in Osaka, Japan.
• April 2021: Godrej Material Handling, which is a division of the Godrej Group, launched the 'Uno Electric Forklift Truck,' which boasts modern ergonomics, increased safety, enhanced visibility, and a long runtime on each charge
• January 2022: Toyota Industries Corporation unveiled 22 electric models as part of expanding its portfolio of smart material handling equipment and solutions. These new models consist of 4 various operating compartments, along with multi-directional design for managing heavy loads in narrow aisles, and also, high-capacity variants with a fork height of up to 45 feet.
• January 2022: Indonesia’s PT BIDU Sakti signed an MoU with China Construction First Group Ltd to jointly work on the construction of an international airport in Bali. Owing to such infrastructure developments, the demand and usage of handling automated materials applications for assembling, distribution, protection, and for production control is also projected to increase in Indonesia, thereby positively impacting the market growth in the country.

Asia Pacific (APAC) Automated Material Handling Market Scope:

Segmentation

• By Products
  • Automated Guided Vehicles
    • Towing Vehicles
    • Unit Load Vehicles
    • Pallet Trucks
    • Fork Trucks
    • Assembly Line Vehicles
    • Others
  • Automated Storage and Retreival Systems
    • Unit Load
    • Mini Load
    • Horizontal Carousels
    • Vertical Carousels
    • Robotic AS/RS
    • Others
  • Software
  • Services
• By Industry
  • Manufacturing
  • Medical & Healthcare
  • Electronics & Semiconductor
  • Chemicals
  • Food & Beverages
  • Warehousing
  • Automotive
  • Others
• By Geography
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others