Asia Pacific Material Handling Integration Market Size & Outlook
Asia Pacific material handling integration market, 2018-2030 (US$M)
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Asia Pacific material handling integration market highlights
- The Asia Pacific material handling integration market generated a revenue of USD 16,566.4 million in 2023.
- The market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 16,566.4 million |
| Market revenue in 2030 | USD 28,314.7 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Daifuku Co Ltd, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Cargotec Oyj ADR, KION GROUP AG, Honeywell International Inc, SSI Schaefer Systems International North America, TGW Logistics Group, Murata Manufacturing Co Ltd, Swisslog, KNAPP AG, Fives, Fortna |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.6% of the global material handling integration 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 22,994.0 million by 2030.
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Material Handling Integration Market Scope
Material Handling Integration Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific material handling integration 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 material handling integration market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 69.92% in 2023. Horizon Databook has segmented the Asia Pacific material handling integration market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is home to nearly 60% of the world’s total population, has several developing economies, and has a promising technology infrastructure. Growing internet and smartphone penetration is boosting ecommerce sales across the region. Countries such as Australia, Singapore, South Korea, and Japan have high technology adoption.
Governments in the region are taking initiatives to boost automation across industries. For instance, in September 2021, the Singapore government announced the Integrated Robotics & Automation Solutions initiative.
Through the initiative, the government aimed to finance construction companies to adopt robotics and automation solutions to address workforce shortages in Singapore. Growing investments in technology and automation and the rapidly growing e-commerce sector are expected to drive the growth of the material handling integration market in Asia Pacific.
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Our clientele includes a mix of material handling integration market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific material handling integration market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific material handling integration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific material handling integration market size, by country, 2018-2030 (US$M)
Asia Pacific Material Handling Integration Market Outlook Share, 2023 & 2030 (US$M)
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