Knowledge Sourcing Intelligence announces the publication of a new report on “Asia Pacific Material Handling Market - Forecasts from 2019 to 2024" to their offering.

Material Handling is an integral part of the supply chain for storage, control, and movement of items from raw material stage to the distribution of finished products. The rising need for global production companies to automate their business processes and foster flow of goods in an effective way is driving the material handling market growth.

This report provides forecast and analysis of Asia Pacific material handlingmarket which is estimated to grow from USD55.396 billion in 2018 to USD71.608 billion by 2024, at a CAGR of 4.37% over the forecast period. The Asia Pacific region is poised to witness the fastest growth out of different geographical regions, on the account of rising demand for material handling solutions from emerging economies of China and India, over the forecast period. Growing infrastructure and construction activity in emerging economies will propagate the demand for automated material handling (AMH) systems, cranes and hoists, hence, fueling the market growth. Also, the growing logistics industry is further propelling the market growth. The growing e-commerce industry will further create significant opportunities for material handling manufacturers in order to expand their presence in the region during the forecast period and in the upcoming years. Moreover, growing concerns regarding workers’ safety will fuel the utilization of automated material handling systems while working in dangerous and hazardous locations augmenting the market demand for these solutions.

Some of the major players covered as part of the report are Toyota Industries Corporation, BEUMER Group, Dematic, Daifuku Co., Ltd. and Swisslog Holding AG among others.

This report segmented the Asia Pacific material handlingmarket on the basis following terms:

• By Product
o Automated Guided Vehicles
o Automated Storage and Retrieval Systems
o Trucks and Lifts
o Cranes
o Conveyor Systems
o Hoists
o Others
• By Application
o Warehousing and Distribution
o Airport Baggage Handling
o Bulk Handling
o Postal and Parcel Delivery
o Assembly
o Packaging
• By Industry Vertical
o Manufacturing
o Healthcare
o Chemical
o Paper
o Food and Beverage
o Warehousing
o Others
• By Countries
o Japan
o China
o India
o Australia
o South Korea
o Others

Purchase complete report or request sample: www.knowledge-sourcing.com/report/asia-pacific-apac-material-handling-market

Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us helps companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

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