Asia Pacific (APAC) Automated Material Handling Market - Forecasts from 2024 to 2029

Asia Pacific (APAC) Automated Material Handling Market - Forecasts from 2024 to 2029

The Asia Pacific (APAC) automated material handling market is expected to grow at a CAGR of 9.17%, reaching a market size of US$11.732 billion in 2029 from US$7.567 billion in 2024.

Automated material handling is a part of the manufacturing process that acquires raw materials and ships them to the intended customer. It has ousted human workers from within the plant. With its capacity to enhance productivity, scalability, and operational efficiency, automated material handling reduces the probability of mistakes or defects. The term “material handling equipment” refers to the machines involved in the automated material handling process. Their core tasks throughout all stages of production, disposal, and consumption are safeguarding, storing, or managing materials and transporting goods or merchandise. A positive change in the market for automated material handling is projected owing to rising labor costs, concerns about safety, and the emergence of rival companies offering robotic warehouse automation services.

Demand for material handling robots heighten herewith an aim of improving productivity. Manufacturing firms are able to streamline their production processes through using fast and accurate handlers which swiftly perform all sorts of work involved with pallets such as stacking, picking, sorting or packing among others. One more thing that drives growth is increased expenditure by companies on research and development aimed at improving the capabilities and efficiency of material-handling robots. In addition, these robots now execute complex operations as a result of advanced AI and ML. In addition, it is anticipated that skilled labour availability and government policies enticing automation into manufacturing will significantly enhance this growth.

Asia Pacific Automated Material Handling Market Drivers:
Growing presence of start-up companies providing robotic solutions for warehouse automation

The increasing acceptance of robotic systems significantly contributes to the demand for automatic handling systems, especially in warehousing and storage processes. This is because these systems enable consumers to move goods quickly and securely in warehouses and factories while at the same time ensuring safety and security along a process chain that extends from when goods leave production through to their actual endpoints. The Internet establishes a connection between the robotic appliances that comprise the warehouse concept and the connected network devices that control them. Because of the growing idea of the Internet of Things (IoT), one of the emerging markets for robotics manufacturing companies is the material handling sector.

Asia Pacific Automated Material Handling Market Geographical Outlook
China is witnessing exponential growth during the forecast period

China has played a significant role in expanding the automated material handling market in the Asia Pacific area. The market is expanding favourably as a result of the rising demand for automated material handling products in various industries, including manufacturing, automotive, and e-commerce. China, with its massive population, has a substantial industrial policy. This country has been at the forefront of the world in terms of exports, imports, and trade by purchasing power parity for nearly ten years. In summary, it is transitioning from an economy based on manufacturing and construction to one emphasizing consumption.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Asia Pacific Automated Material Handling market is segmented and analyzed as follows:

By-Products
Automated Guided Vehicles
Towing Vehicles
Unit Load Vehicles
Pallet Trucks
Fork Trucks
Assembly Line Vehicles
Others
Automated Storage and Retrieval Systems
Unit Load
Mini Load
Horizontal Carousels
Vertical Carousels
Robotic AS/RS
Others
Software
Services

By Industry

Manufacturing
Medical & Healthcare
Electronics & Semiconductor
Chemicals
Food & Beverages
Warehousing
Automotive
Others

By Geography

China
Japan
India
Australia
South Korea
Taiwan
Thailand
Indonesia
Others