Asia Pacific (APAC) Automated Material Handling Market estimated to be valued at US$11 billion in 2018

Knowledge Sourcing Intelligence announces the publication of a new report on “Asia Pacific (APAC) Automated Material Handling Market – Forecasts from 2019 to 2025" to their offering.Automated material handling solutions are machines that eliminate the requirement of humans for the check-in, check out, sorting, and controlling material, among others.

The Asia Pacific (APAC) Automated Material Handling Market is estimated to be valued at US$11 billion in 2018 and is projected to expand at a CAGR of close to 10% over the forecast period 2019-2025. The market is expected to surge during the forecast period due to the rapidly advancing industrial and manufacturing sector in the APAC region, especially in developing nations such as India, China and South Korea, is estimated to be the major driver for the APAC automated material handling market during the forecast period. Moreover, developing e-commerce, logistics and infrastructure activities in these countries is also estimated to further influence the automated material handling market in the APAC region. Furthermore, increasing competitiveness within the market, combined with rising demand for sustainable economic development in developing countries is estimated to greatly impact the demand for material handling solutions, thus further instigating the demand for automated material handling machines in the Asia Pacific region.

By industry vertical, the manufacturing industry is estimated to hold a significant share in the market owing to the increasing investments and focus by both government and private players in the Asia Pacific region, especially in India and China. In addition to this, the healthcare sector is also anticipated to show substantial growth in the coming years on account of rapidly increasing demand for pharmaceuticals. Furthermore, growing disposable income and rapid urbanization has resulted in an increased demand for packaged food and beverages, thus increasing the demand for automated material handling devices during the forecast period.

Geographically, China and Japan are estimated to hold a major share in the market owing to them being major manufacturing hubs in the Asia Pacific region. Additionally, the rapidly growing disposable income, increasing manufacturing activities, urbanization, and growing infrastructure are contributing towards the rapid growth in India, China, and South Korea, resulting in staggering growth in the automated material handling market in these countries.

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Some of the major players covered as part of the report are Konecranes plc, BEUMER Group, Murata Machinery Ltd., Daifuku Co., Ltd., and Mecalux SA.

This Asia Pacific (APAC) automated material handling markethas been segmented as follows:

·         By Product

  • Automated Guided Vehicles
    • Towing Vehicles
    • Unit Load Vehicles
    • Pallet Trucks
    • Fork Trucks
    • Hybrid Vehicles
    • Light Load
    • Assembly Line Vehicles
    • Custom AVGs
    • Others
  • Automated Storage and Retrieval Systems
    • Unit Load
    • Mini Load
    • Horizontal Carousels
    • Vertical Carousels
    • Robotic AS/RS
    • Others
  • Software
  • Services 

·         By Industry Vertical

  • Manufacturing
  • Healthcare
  • Chemical
  • Paper
  • Food and Beverage
  • Warehousing
  • Others

·         By Geography

  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Others
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