Asia Pacific Material Handling Equipment Market Expected at $75 bn by 2026

By OEM Update Editorial August 14, 2021 12:05 pm IST

According to a recent study, Asia Pacific material handling equipment market size is poised to expand at substantial CAGR during the forecast period.

With tech-driven logistics powering the Asian e-commerce industry, the demand for efficient material handling equipment has been witnessing an uptick. The manufacturing, warehousing, and distribution of products and materials requires diverse equipment and storage systems, ranging from conveyor belt systems to automated guided vehicles (AGVs).

Some of the major industries that have been deploying latest material handling equipment include manufacturing, construction, food & beverage, automotive, medical & pharmaceutical, consumer goods, aerospace, and retail. In terms of end-user, 3PL industry has been exhibiting an expanding demand across Asia Pacific material handling equipment market, in the wake of the escalating demand for e-commerce fulfilment.