Asia Pacific Material Handling Equipment Market Forecast 2017-2025
KEY FINDINGS The Asia Pacific material handling equipment market is predicted to rise with a CAGR of 9.26%, generating $94.06 billion by the end of the forecast period of 2017-2025
MARKET INSIGHTS The market is segmented on the basis of products and applications. The growth in the Asia-Pacific market can be majorly attributed to China who has seen a rise in logistics market and growing adoption of material handling equipment for various industries. Also, the various initiatives undertaken in the Asia-Pacific region for boosting the establishment of various manufacturing industries is greatly responsible for propelling the market ahead. In the past few years, the market has also experienced a marked increase in foreign direct investments, which is touted to benefit the market in the long run.
COMPETITIVE INSIGHTS The well-known players in this market include Clark Material Handling Company, Cargotec Oyj, Crown Equipment Corporation, Dematic (Acquired By Kion Group), Daifuku, Hyster-Yale Materials Handling, Toyota Industries, Hanwha Corporation and Kion Group.