Asia Pacific Material Handling Equipment Market, By Product Type (Forklifts, Conveyor Systems, Cranes, Automated Guided Vehicles (AGVs), Pallet Jacks, and Others), By Equipment Type (Manual, Semi-Automatic, and Fully Automatic), By End-use Industry (Wareh

Asia Pacific Material Handling Equipment Market, By Product Type (Forklifts, Conveyor Systems, Cranes, Automated Guided Vehicles (AGVs), Pallet Jacks, and Others), By Equipment Type (Manual, Semi-Automatic, and Fully Automatic), By End-use Industry (Warehousing & Distribution, Manufacturing, Retail, Food & Beverage, Pharmaceuticals, and Others)


The Asia Pacific material handling equipment market has been witnessing steady growth over the past few years owing to the growing e-commerce and logistics industries across developing economies. Material handling involves the movement, protection, storage and control of materials and products throughout the process of manufacturing or distribution. The proliferation of modern warehousing facilities, automated distribution centers, and smart supply chains has propelled the adoption of material handling equipment such as conveyors, cranes, lifts, automated storage & retrieval systems in the region. Rapid industrialization and construction activities in countries such as China, India, and Southeast Asian nations have increased the demand for heavy construction vehicles and machinery used for infrastructure development. Favorable government policies promoting Make in India, smart cities, and domestic manufacturing are also expected to drive demand over the coming years.

Market Dynamics:

The key drivers propelling the Asia Pacific material handling equipment market include rapid growth of the e-commerce sector across developing nations, expansion of warehousing facilities & mega distribution centers by major players, and shortage of labor motivating increased automation. However, high initial investment costs associated with automated equipment and lack of standardized skills & technical expertise in some countries continue to restrict wider adoption. On the flip side, rising focus on supply chain efficiency, growing industrialization & urbanization levels, and government initiatives to develop smart infrastructure present significant opportunities for equipment vendors. Industry 4.0 revolution is also encouraging the deployment of next-generation intelligent systems for advanced material movement applications.

Key Features of the Study:
  • This report provides in-depth analysis of the Asia Pacific material handling equipment market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the Asia Pacific material handling equipment market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Toyota Industries Corporation, KION Group AG, Jungheinrich AG, Mitsubishi Logisnext Co., Ltd., Hyster-Yale Materials Handling, Inc., Crown Equipment Corporation, Raymond Corporation, Komatsu Ltd., Doosan Industrial Vehicle, Hitachi Construction Machinery Co., Ltd., Yale Materials Handling Corporation, Clark Material Handling Company, Nissan Forklift Corporation, TCM Corporation, and Manitou Group
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The Asia Pacific material handling equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Asia Pacific material handling equipment market

  • Detailed Segmentation-
  • Product Type Insights (Revenue, US$ Bn, 2019 - 2031)
  • Forklifts
  • Conveyor Systems
  • Cranes
  • Automated Guided Vehicles (AGVs)
  • Pallet Jacks
  • Others
  • Equipment Type Insights (Revenue, US$ Bn, 2019 - 2031)
  • Manual
  • Semi-Automatic
  • Fully Automatic
  • End-use Industry Insights (Revenue, US$ Bn, 2019 - 2031)
  • Warehousing & Distribution
  • Manufacturing
  • Retail
  • Food & Beverage
  • Pharmaceuticals
  • Others
  • Key Players Insights
  • Toyota Industries Corporation
  • KION Group AG
  • Jungheinrich AG
  • Mitsubishi Logisnext Co., Ltd.
  • Hyster-Yale Materials Handling, Inc.
  • Crown Equipment Corporation
  • Raymond Corporation
  • Komatsu Ltd.
  • Doosan Industrial Vehicle
  • Hitachi Construction Machinery Co., Ltd.
  • Yale Materials Handling Corporation
  • Clark Material Handling Company
  • Nissan Forklift Corporation
  • TCM Corporation
  • Manitou Group

  • 1. Research Objectives and Assumptions
    Research Objectives
    Assumptions
    Abbreviations
    2. Market Purview
    Report Description
    Market Definition and Scope
    Executive Summary
    Market Snippet, By Product Type
    Market Snippet, By Equipment Type
    Market Snippet, By End-use Industry
    3. Market Dynamics, Regulations, and Trends Analysis
    Market Dynamics
    Drivers
    Restraints
    Market Opportunities
    Regulatory Scenario
    Industry Trend
    Merger and Acquisitions
    New System Launches/Approvals
    Impact of COVID-19 Pandemic
    4. Asia Pacific Material Handling Equipment Market, By Product Type, 2019-2031, (US$ Bn)
    Introduction
    Market Share Analysis, 2024 and 2031 (%)
    Y-o-Y Growth Analysis, 2020-2031
    Segment Trends
    Forklifts
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Conveyor Systems
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Cranes
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Automated Guided Vehicles (AGVs)
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Pallet Jacks
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Others
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    5. Asia Pacific Material Handling Equipment Market, By Equipment Type, 2019-2031, (US$ Bn)
    Introduction
    Market Share Analysis, 2024 and 2031 (%)
    Y-o-Y Growth Analysis, 2020-2031
    Segment Trends
    Manual
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Semi-Automatic
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Fully Automatic
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    6. Asia Pacific Material Handling Equipment Market, By End-use Industry, 2019-2031, (US$ Bn)
    Introduction
    Market Share Analysis, 2024 and 2031 (%)
    Y-o-Y Growth Analysis, 2020-2031
    Segment Trends
    Warehousing & Distribution
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Manufacturing
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Retail
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Food & Beverage
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Pharmaceuticals
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    Others
    Introduction
    Market Size and Forecast, 2019–2031, (US$ Bn)
    7. Competitive Landscape
    Company Profiles
    Toyota Industries Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    KION Group AG
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Jungheinrich AG
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Mitsubishi Logisnext Co., Ltd.
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Hyster-Yale Materials Handling, Inc.
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Crown Equipment Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Raymond Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Komatsu Ltd.
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Doosan Industrial Vehicle
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Hitachi Construction Machinery Co., Ltd.
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Yale Materials Handling Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Clark Material Handling Company
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Nissan Forklift Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    TCM Corporation
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    Manitou Group
    Company Overview
    Product Portfolio
    Financial Performance
    Key Strategies
    Recent Developments/Updates
    8. Analyst Recommendations
    Wheel of Fortune
    Analyst View
    Coherent Opportunity Map
    9. Research Methodology
    References
    Research Methodology
    About us and Sales Contact
    *Browse 60 market data tables and 40 figures on Material Handling Equipment Market - Asia Pacific forecast to 2031

    Download our eBook: How to Succeed Using Market Research

    Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

    Download eBook
    Cookie Settings