Asia Pacific (APAC) Material Handling Market - Forecasts from 2018 to 2023
Asia Pacific (APAC) Material Handling Market is estimated to grow from US$47.290 billion in 2015 to US$63.502 billion by 2021, at a CAGR of 5.04% over the forecast period. The region will witness the fastest growth out of different geographical regions, especially on account of rising demand for these solutions from China and India, over the forecast period. Rising infrastructure and construction activity in emerging economies will boost the demand for automated material handling (AMH) systems, cranes and hoists, thereby propelling the market growth. Growing e-commerce industry will create significant opportunities for material handling manufacturers to expand their presence in the region over the forecast period. Moreover, growing workers’ safety concerns will fuel the use of AMH systems in dangerous and hazardous locations augmenting the demand for these solutions.
First section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry and regional regulations which are determining the product specifications and a brief technological aspect of material handling solutions. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
Thirdly, Asia Pacific Material Handling market has been segmented by product, application, industry vertical, and geography. By product, the market has been segmented as automated guided vehicles, automated storage and retrieval systems, trucks and lifts, cranes, conveying systems, hoists, and others. By application, segmentation has been done as warehousing and distribution, airport baggage handling, bulk handling, postal and parcel delivery, assembly, and packaging. Asia Pacific Material Handling market has further been segmented by industry vertical as manufacturing, healthcare, chemical, paper, food & beverage, warehousing, and others. By geography, the segmentation has been done as Japan, China, India, Australia, South Korea, and others.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry participants profiled as part of this section are Toyota, BEUMER Group, Dematic, Daifuku and Swisslog.