Asia Pacific Material Handling Equipment Market Analysis

Asia Pacific Material Handling Equipment Market Analysis

Asia Pacific material handling equipment market from the aftermarket segment will expand at over 5% CAGR from 2023 to 2032. The growth can be attributed to the surging need to replace outdated parts with modern components with advanced features, lifetime as well as efficiency. Significant advancements in technology along with changes in operational requirements in APAC have prompted the upgradation and retrofitting of existing material handling equipment, thereby limiting investments in new machinery. The increasing emphasis on ensuring the longevity and reliability of the essential tools will also contribute to the market expansion.
 

Asia Pacific material handling equipment market from the e-commerce segment is estimated to observe about 10% gains up to 2032, propelled by the rising internet penetration and higher adoption of conveying solutions. The presence of well-established customer base in online shopping, mainly in India and China have pushed multiple e-commerce players to deploy advanced as well as automated material equipment for speeding up their operations. The growing popularity of new e-commerce websites to allow customers to rent from diverse range of equipment will also contribute to the market growth.
 

China material handling equipment market size is poised to witness substantial expansion through 2032, on account of the strong presence of well-established manufacturing, automotive, and e-commerce sectors in the country.  The rapid rate of urbanization has made way for multiple challenges in city logistics, pushing the demand for material handling equipment for navigating narrow streets and efficiently delivering goods in urban areas. The higher integration of automation and robotics, including robotic arms, AGVs, and conveyor systems for optimizing the warehouse operations will also define the regional industry development.