Market Research Report
Asia Pacific Material Handling Equipment Market Forecast 2018-2026
|Published by||Inkwood Research||Product code||557742|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|Asia Pacific Material Handling Equipment Market Forecast 2018-2026|
|Published: September 3, 2018||Content info: 90 Pages||
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.
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 robust rise in the 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, the Asia-Pacific has also experienced a marked increase in foreign direct investments, which is touted to benefit the market in the long run.
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.