ASIA-PACIFIC MATERIAL HANDLING EQUIPMENT MARKET FORECAST 2018-2026

ASIA-PACIFIC MATERIAL HANDLING EQUIPMENT MARKET FORECAST 2018-2026

  • May 2018 •
  • 93 pages •
  • Report ID: 5118341
KEY FINDINGS
The Asia Pacific material handling equipment market is predicted to rise with the highest CAGR of 9.25%, generating $xx billion by the end of the forecast period of 2018-2026. The logistics sector is expected to witness a growth in this region because of the increase in e-commerce activities across the Asia Pacific.

MARKET INSIGHTS
The market is segmented on the basis of products and applications.The growth in the Asia-Pacific market can be majorly attributed to China, which has seen a rise in logistics market and growing adoption of material handling equipment in several industries.

Also, the various initiatives undertaken in the Asia-Pacific region for boosting the establishment of various manufacturing industries is greatly responsible for propelling the market ahead. In the past few years, Asia-Pacific has also experienced a marked increase in foreign direct investments, which is touted to benefit the market in the long run.

COMPETITIVE INSIGHTS
Some well-known players in this market include Clark Material Handling Company, Cargotec Oyj, Crown Equipment Corporation, Dematic (Acquired By Kion Group), Daifuku, Hyster-Yale Materials Handling, Toyota Industries,Hanwha Corporation and Kion Group.
Country=APAC Industry=MachineToolAndEquipment ParentIndustry=HeavyIndustry Date=201805 Topic=MarketSize Publisher=InkwoodResearch Price=2000