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)

Published In : Sep 2024

Code : CMI7438

Pages :165

Formats :

Excel and PDF

Industry : Industrial Automation and Machinery

Market Concentration and Competitive Landscape

Asia Pacific Material Handling Equipment Market Concentration By Players

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Increasing demand for efficient supply chain management

In the current competitive business environment, companies are under constant pressure to deliver orders to customers in the shortest possible timelines. This emphasizes the need to streamline internal supply chain operations and curb operational expenses. Material handling equipment plays a pivotal role in automating key supply chain functions and facilitating just-in-time manufacturing and distribution processes.

Omnichannel retailing strategies followed by many retailers and brands also necessitate advanced integration between physical and online order fulfillment channels. Seamless flow of inventory across different warehouse locations and distribution of multi-channel orders require sophisticated material handling automation controlled through warehouse management systems. Moreover, unpredictable demand patterns amplified during pandemic highlights the importance of flexible, scalable warehousing facilitated by automated equipment like automatic guided vehicles and shuttles.

On the manufacturing front, industries strive to achieve lean production goals through adoption of Industry 4.0 technologies. Material movement within factories is predominantly automated using overhead conveyors, robotic arms, automated rack systems to support one-piece flow production of high-mix low or medium volume customized product lines. Automated intra-logistics ensure timely availability of components at each work station while eliminating manual material transport delays. This significantly enhances productivity, quality and flexibility of manufacturing operations.

Lean inventory philosophy pursued by supply chain players to avoid stock-outs without overstocking also warrants optimum space utilization. Automatic storage and retrieval systems enable high-density warehousing of components and finished goods. Overall, efficient material flow management from source to delivery remains indispensable for companies to achieve competitive supply chain capabilities and customer fulfillment objectives in the long run.

Key Players Insights