Asia-Pacific Material Handling Equipment Market is Growing with a CAGR of 6.9% in the Forecast Period of 2021 to 2028

Asia-Pacific Material Handling Equipment Market is growing with factors such as increasing investments in infrastructural and construction industry, development of autonomous service systems, continuous increase in safety concerns due to rising incidence of various accidents in various manufacturing industries

Technology advancements in material handling equipment and growing demand for lifting operations in ports have propelled the market's demand. However, the high cost of systems is restraining the growth of the market.

Asia-Pacific Material Handling Equipment Market Scenario

According to Data Bridge Market Research, the Asia-Pacific material handling equipment in China has the highest market share, followed by Japan and India.  Prospectus leaders in the material handling equipment market are Toyota Industries Corporation, with a market share of 18.53%, Doosan Industrial Vehicles, and MITSUBISHI.

For instance,

    • In May 2021, Third Wave Automation, Inc. ("Third Wave") and Toyota Industries Corporation ("TICO") announced a strategic partnership to produce the next generation of intelligent, fully autonomous material handling vehicles. By integrating intelligent robotics into material handling vehicles, which can be deployed rapidly and evolve dynamically, this strategic partnership between TICO and Third Wave is set to define the industry's agenda for the next generation

Asia-Pacific Material Handling Equipment MarketTrends Impacting the Market

Now the question is who are the key vendors and niche leaders of the material handling equipment market? Data Bridge Market Research has forecasted a large growth in the Asia-Pacific material handling equipment market. The market leaders are targeting China and Japan to be their next pocket revenue for 2021.

The material handling equipment market is becoming more competitive with companies like Alimak Group AB, Acme International Holdings Limited, XSPlatforms, GEDA Original, ROSTEK OY, IHI Corporation, PARI, Wohr Parking Systems Pvt. Ltd., Mutrade Industrial Corp., GG LIFTERS TECH, DAYANG PARKING CO., LTD., RR Parkon, Eilbeck Cranes, Weihua Group, ABUS Kransysteme GmbH, Mazzella Companies, Sumitomo Heavy Industries, Ltd., ASSA ABLOY, RITE-HITE, Hörmann Group, Blue Giant, Maini Materials Movement Pvt. Ltd., Reva Industries India Pvt. Ltd., LOADMATE, ELECTROMECH MATERIAL HANDLING SYSTEMS (INDIA) PVT. LTD., STAHL Crane Systems GmbH, MITSUBISHI, Doosan Industrial Vehicle, TOYOTA INDUSTRIES CORPORATION, Crown Equipment Corporation, Jungheinrich AG, GORBEL INC., GH CRANES & COMPONENTS, Zoomlion Heavy Industry Science& Technology Co., Ltd., The Manitowoc Company Inc., Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC), MPH Cranes (Far-East) Pte Ltd, Konecranes, LIEBHERR, SANY Group among others. These are the top dominating companies in the material handling equipment market and have launched advanced services and solutions. The DataBridge market research new reports highlight the major growth factors and opportunities in the Asia-Pacific material handling equipment market.

Material Handling Equipment Market Developments

  • In April 2020, Doosan Industrial Vehicle announced new products – a Stand Up Rider, High-Level Order Picker, Electric Pallet Trucks, and Stackers. These first-generation products are designed with the operator in mind. This includes safety features like Guardian Stability System (GSS) and LED lights, maintenance-friendly access to service points, and extended service intervals. This product launch improved the product portfolio of the company
  • In March 2020, Crown Equipment Corporation updated its stacker lineup with the new small footprint M 3000-20 walkie straddle stacker. The M 3000-20 delivers better visibility, productivity, and maneuverability for stacking, moving, and managing products in retail, small warehouses, and other businesses needing to optimize their space. The product launch has improved the product portfolio to straddle stacker and thereby increasing the demand for the products
  • In May 2020, SANY Groups announced an expanded product portfolio for the ultra-large excavators – SY870H of 78.6 tons, SY980H of 95.8 tons, and SY1250H of 125 tons – in Sany Kunshan Industrial Park, China. The release of SANY's latest machines marks the Company’s new milestone in delivering technological breakthroughs. Four units of SY870H have been sold before coming out of the assembly line. This product launch impacted the expansion of the product portfolio of the company positively and increased the demand for ultra-large excavators

Scope of the Material Handling Equipment Market

Asia-Pacific material handling equipment market is segmented on the basis of countries into China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Philippines, Indonesia, and the Rest of Asia-Pacific.

All country-based analysis of the Asia-Pacific material handling equipment market is further analyzed based on maximum granularity into further segmentation. On the basis of component, the Asia-Pacific material handling equipment market has been segmented into LLE ((light lifting equipment) includes (workstation lifting systems, modular cranes, manual chain blocks,  electric chain hoists, jib cranes, light crane systems (KBK)), CTO ((configured-to-order cranes) includes industrial cranes, universal cranes, standard electric overhead traveling cranes), PNC (it includes engineered-to-order cranes (ETO), nuclear cranes, process cranes, process duty electric overhead traveling cranes), BMU (Building Maintenance Units), car parking system, dock levelers, lift trucks (above 10 tons and below 10 tons), port solutions, and services.

To know more about the study contact https://www.databridgemarketresearch.com/reports/asia-pacific-material-handling-equipment-market

Key Pointers Covered in Asia-Pacific Material Handling Equipment Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and overview of the material handling equipment market
  • Company profiling of top eight players of the material handling equipment market

Key Market Competitors Covered in the Report

  • Alimak Group AB
  • Acme International Holdings Limited
  • XSPlatforms
  • GEDA Original
  • ROSTEK OY
  • IHI Corporation
  • PARI
  • Wohr Parking Systems Pvt. Ltd.
  • Mutrade Industrial Corp.
  • GG LIFTERS TECH
  • DAYANG PARKING CO., LTD.
  • RR Parkon
  • Eilbeck Cranes
  • Weihua Group
  • ABUS Kransysteme GmbH
  • Mazzella Companies
  • Sumitomo Heavy Industries, Ltd.
  • ASSA ABLOY
  • RITE-HITE
  • Hörmann Group
  • Blue Giant
  • Maini Materials Movement Pvt. Ltd.
  • Reva Industries India Pvt. Ltd.
  • LOADMATE
  • ELECTROMECH MATERIAL HANDLING SYSTEMS (INDIA) PVT. LTD.
  • STAHL Crane Systems GmbH
  • MITSUBISHI
  • Doosan Industrial Vehicle
  • TOYOTA INDUSTRIES CORPORATION
  • Crown Equipment Corporation
  • Jungheinrich AG
  • GORBEL INC.
  • GH CRANES & COMPONENTS
  • Zoomlion Heavy Industry Science& Technology Co., Ltd.
  • The Manitowoc Company Inc.
  • Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC)
  • MPH Cranes (Far-East) Pte Ltd
  • Konecranes
  • LIEBHERR
  • SANY Group

Above are the key players covered in the report to know about more and exhaustive list of Asia-Pacific material handling equipment companies https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-material-handling-equipment-market

Research Methodology: Asia-Pacific Material Handling Equipment Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.

The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Key Opinion Leaders (KOL's): Product and Software Developers, Electronic Engineers, Industrial Professionals, Computer Engineers among others
  • Industry Participants: CEO's, VP's, Marketing/Product Managers, Market Intelligence Managers, National Sales Managers, among others

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