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Outsourcing to the APAC Region Will Attract Increased Investments in the Global Pneumatic Equipment Market, Says TechNavioLONDON --(Business Wire)-- Growing demands for material handling and mining equipment will encourage growth in the Global Pneumatic Equipment Market, which is expected to post a CAGR of 4.46 percent from 2013-2018, says research firm TechNavio. According to a new report, outsourcing of manufacturing activities to the APAC region is one of the major trends in the market. Since the 2008 economic downturn, countries like China and India have witnessed steady growth in their economy, which has led to the emergence of cost-driven manufacturing companies across Asia. "To meet the growing demand for pneumatic equipment, several organizations in the EMEA region and the Americas are now outsourcing their manufacturing activities to developing countries like India and China," says Faisal Ghaus, Vice President of TechNavio. "The availability of low-cost labor and a skilled workforce in these countries is the major factor leading to increased outsourcing activities. This has also helped companies amplify their market presence in the APAC region." The increase in outsourcing activities is expected to attract investment by both domestic and international vendors in the APAC region, which will further drive growth in the Global Pneumatic Equipent Market over the projected period. Key Information Covered in the Report:
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the equipment market: If you are interested in more information, please contact our media team at [email protected].
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