TOYOTA INDUSTRIES CORPORATION, Doosan Industrial Vehicle, and MITSUBISHI Dominated the Asia-Pacific Material Handling Equipment Market in 2020

Asia-Pacific Material Handling Equipment Market is said to grow with a CAGR of 6.9% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below

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Asia-Pacific material handling equipment market is a highly fragmented market, which includes a number of key players as well as local players. The market has witnessed increased strategic developments owing to favorable market scenarios.

TOYOTA INDUSTRIES CORPORATION is the dominating player in the Asia-Pacific material handling equipment market. The other key players existing in the market include 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, 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.

Asia-Pacific Material Handling Equipment MarketTOYOTA INDUSTRIES CORPORATION

TOYOTA INDUSTRIES CORPORATION is headquartered in Japan and was founded in 1926. The company focuses on the manufacture and sales of textile machinery, materials handling equipment, automobiles, and automobile parts. The company offers a wide range of business segments such as Automobile, Material Handling Equipment, Textile Industry in which Material Handling Equipment is the market focused segment. The company offers a wide range of products categories such as TOYOTA Products, RAYMOND Products, AICHI Products, in which TOYOTA Products, RAYMOND Products are the market-focused categories.

  • 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

The company marks its global presence in Asia-Pacific. The company has subsidiaries such as Vanderlande (Netherlands), AICHI CORPORATION (Japan), Bastian Solutions, Inc. (U.S.), Taikoh Transportation Co., Ltd. (Japan), TD Deutsche Klimakompressor GmbH (Germany).

Doosan Industrial Vehicle

Doosan Industrial Vehicle is headquartered in South Korea and was founded in 1968. The company focuses on providing outstanding products and services in forklifts. The company offers a wide range of products categories such as Internal Combustion Pneumatic Forklift, Internal Combustion Cushion Forklift, High Capacity Forklift, Electric Counterbalance Forklift, Warehouse Equipment in which Internal Combustion Pneumatic Forklift, Internal Combustion Cushion Forklift, High Capacity Forklift, Electric Counterbalance Forklift, Warehouse Equipment are the market focused categories.

  • 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), LED lights, maintenance-friendly access to service points, and extended service intervals. This product launch improved the product portfolio of the company

The company has a global presence across North America, Asia-Pacific, and Europe.

MITSUBISHI

MITSUBISHI is headquartered in Japan and was founded in 1937. The company focuses on technological innovation and the designing of various forklift systems. The company offers a wide range of products categories such as MITSUBISHI FORKLIFT TRUCKS, UNI CARRIERS, NICHIYU ELECTRIC FORKLIFT, CAT Lift Trucks, TCM, Rocla in which MITSUBISHI FORKLIFT TRUCKS, UNI CARRIERS, NICHIYU ELECTRIC FORKLIFT, CAT Lift Trucks, TCM are the market focused categories.

  • In July 2021, Mitsubishi has announced the closing of the acquisition of Pon Material Handling NA, Inc. The company’s consolidated subsidiary Mitsubishi Logisnext Americas Inc. would acquire all of the outstanding equity interests of Pon Material Handling NA, Inc.

The company has a wide global presence across Asia-Pacific, Europe, and North America.