Asia Pacific Automated Material Handling Equipment Market Size & Outlook
Asia Pacific automated material handling equipment market, 2018-2030 (US$M)
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Asia Pacific automated material handling equipment market highlights
- The Asia Pacific automated material handling equipment market generated a revenue of USD 24,006.7 million in 2023.
- The market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, robots was the largest revenue generating product in 2023.
- Collaborative Robots is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 24,006.7 million |
| Market revenue in 2030 | USD 42,117.1 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Robots |
| Fastest growing segment | Collaborative Robots |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Robots, AS/RS, Conveyors Systems, Sortation Systems, Cranes, Collaborative Robots, Autonomous Mobile Robots, Automated Guided Vehicle, Warehouse Management System |
| Key market players worldwide | Daifuku Co Ltd, KION GROUP AG, Honeywell International Inc, Toyota Motor Corp, Hyster-Yale Materials Handling Inc Class A, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, John Bean Technologies Corp, SSI Schaefer Systems International North America, Hanwha, KUKA Robotics |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.3% of the global automated material handling equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 26,437.6 million by 2030.
Key Regions: U.S. , UK , India , Australia , Indonesia
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Automated Material Handling Equipment Market Scope
Automated Material Handling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific automated material handling equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automated material handling equipment market will help companies and investors design strategic landscapes.
Robots was the largest segment with a revenue share of 23.28% in 2023. Horizon Databook has segmented the Asia Pacific automated material handling equipment market based on robots, as/rs, conveyors systems, sortation systems, cranes, collaborative robots, autonomous mobile robots, automated guided vehicle, warehouse management system covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific Automated Material Handling Equipment (AMHE) market has been experiencing significant growth in recent years, attributed to several factors, including the increasing demand for automated material handling systems across various industries such as e-commerce, automotive, and food & beverage.
The market is projected to grow remarkably in Asia Pacific, especially in emerging countries such as India, Indonesia, Malaysia, and Vietnam. The region's flourishing manufacturing and automobile sectors are expected to spur the demand for automated material-handling equipment.
Furthermore, the growing acceptance throughout the automotive sector is attributed to the rising use of assembly line AGV for auto part assembly, engine assembly, and transmission assembly lines. For instance, in September 2022, Mitsubishi Logisnext Asia Pacific Pte. Ltd. partnered with XSQUARE Technologies Pte Ltd., an intelligent warehouse automation solutions pioneer.
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Our clientele includes a mix of automated material handling equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific automated material handling equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific automated material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific automated material handling equipment market size, by country, 2018-2030 (US$M)
Asia Pacific Automated Material Handling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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