The Asia Pacific Automated Material Handling Equipment Market would witness market growth of 13.2% CAGR during the forecast period (2020-2026). The AHM equipment market is expected to be fuelled due to many factors such as the high requirement for automation in different industries like automotive, e-commerce, and food & beverages because of the less operational costs, better supply chain process, and low labour costs.
The growth of the market would witness new growth avenues due to a surge in industrial production in developing countries, like India, China, and Mexico & these countries have seen a spur in demand automated conveyor systems, transport equipment & industrial equipment. On the other hand, one of the major obstacles to the growth of the automated material handling equipment market is the huge cost of the initial installation of automated material handling equipment.
The development of the AMH equipment in APAC is due to the high growth of e-commerce, automotive, food & beverages, and healthcare industries in developing countries. In addition, government bodies in the regional countries are putting high significance on safety on production floors, which can be realized with the installation of AMH equipment. The market is observing quick growth in economies like China and Japan, due to rising investments by manufacturers & suppliers in the deployment of this equipment at warehouses and distribution centers.
The China market dominated the Asia Pacific Semiconductor & Electronics Automated Material Handling Equipment Market by Country 2019, and would continue to be a dominant market till 2026. The Japan market is showcasing a CAGR of 11.3% during (2020 - 2026). Additionally, The India market is poised to grow at a CAGR of 12.6% during (2020 - 2026).
The Bulk Load Material Handling Systems market dominated the South Korea Automated Material Handling Equipment Market by System Type 2019, thereby, achieving a market value of $1,489.3 million by 2026. The Unit Load Material Handling Systems market is experiencing a CAGR of 16.5% during (2020 - 2026).
Based on System Type, the market is segmented into Bulk Load Material Handling Systems and Unit Load Material Handling Systems. Based on Products, the market is segmented into Robots, Conveyors & Sortation Systems, Automated Guided Vehicle (AGV), Warehouse Management System (WMS), Cranes and Automated Storage and Retrieval System (ASRS). Based on Industry, the market is segmented into Automotive, Metals & Heavy Machinery, Semiconductor & Electronics, Healthcare & Chemicals, E-commerce, Food & Beverages, Third Party Logistics (3PL) and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Automated Material Handling Equipment Market in Asia Pacific is expected to register a CAGR of 13.2% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Daifuku Co., Limited, Kion Group, Knapp AG, Toyota Industries Corporation, Honeywell International, Inc., Hyster-Yale Materials Handling, Inc., Kuka AG, BEUMER Group GmbH & Co. KG, Murata Manufacturing Co., Ltd., and John Bean Technologies Corporation.
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