Asia Pacific Automated Material Handling Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Asia Pacific Automated Material Handling Market was valued at 19,046.62 Million in 2021 and is expected to grow at a CAGR of 12.81% over the forecast period (2022 - 2027). The automated material handling market in the Asia Pacific region is becoming increasingly integrated, with China as the core, bolstering its strong economic growth. Sectors, such as manufacturing, have driven much of this economic activity and have increasingly made supply chains complex.
Key HighlightsThe Asia Pacific automated material handling market is fragmented and highly competitive in nature. Product launches, high expense on research and development, partnerships and acquisitions, etc., are the prime growth strategies adopted by the companies in the country to sustain the intense competition.
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