Asia Pacific Equipment As A Service Market Size & Outlook
Global Market
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Asia Pacific equipment as a service market highlights
- The Asia Pacific equipment as a service market generated a revenue of USD 335.9 million in 2023.
- The market is expected to grow at a CAGR of 56.8% from 2024 to 2030.
- In terms of segment, cnc machines was the largest revenue generating equipment in 2023.
- CNC machines is the most lucrative equipment segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 335.9 million |
| Market revenue in 2030 | USD 6,979.1 million |
| Growth rate | 56.8% (CAGR from 2024 to 2030) |
| Largest segment | Cnc machines |
| Fastest growing segment | CNC machines |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air Compressor, Pump, Power Tools, Ground Power Units, Laser cutting machines, Printing Machines, CNC machines, Material handling system, Packaging Machine, Excavators, Cranes, Turning and milling machines |
| Key market players worldwide | Atlas Copco AB ADR, Heidelberger Druckmaschinen AG, Desktop Metal Inc Ordinary Shares - Class A, Siemens AG, Dmg Mori Co Ltd, Hilti Group, Metso Corp, TRUMPF, Kaeser Kompressoren, SMS Group, Arnold Machine Inc., Uteco Converting, Volvo AB Class B, Maschinenfabrik HEID, Sk Laser, Tamturbo |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.3% of the global equipment as a service market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,979.1 million by 2030.
The equipment as a service market in Asia Pacific is expected to grow at the fastest CAGR of 52.6% over the forecast period. This growth can be attributed to the presence of developing economies, such as China and India, and the significant technological and infrastructural developments in the region.
Investment in advanced technologies can enable more efficient monitoring, maintenance, and utilization of equipment, offering businesses better operational capabilities. Moreover, ongoing infrastructural projects, including improvements in connectivity and smart city initiatives, can create a conducive environment for the expansion of EaaS.
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Equipment As A Service Market Scope
Equipment As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Hilti Group | View profile | 10001+ | Schaan, Schaan, Liechtenstein, Europe | www.hilti.group/content/hilti/CP/XX/en.html |
| Atlas Copco AB ADR | View profile | 53,728 | Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-105 23 | www.atlascopcogroup.com |
| Heidelberger Druckmaschinen AG | View profile | 9,565 | Kurfursten-Anlage 52-60, Heidelberg, BW, Germany, 69115 | www.heidelberg.com |
| Metso Corp | View profile | 17,121 | Rauhalanpuisto 9, Helsinki, Finland, 02330 | www.metso.com |
| Desktop Metal Inc Ordinary Shares - Class A | View profile | 950 | 63 3rd Avenue, Burlington, MA, United States, 01803 | www.desktopmetal.com |
| Dmg Mori Co Ltd | View profile | 13,484 | 2-35-16 Meieki, Nakamura-ku, Aichi, Nagoya City, Japan, 450-0002 | www.dmgmori.co.jp |
| TRUMPF | View profile | 1001-5000 | Ditzingen, Baden-Wurttemberg, Germany, Europe | www.trumpf.com/de_DE/ |
| Kaeser Kompressoren | View profile | 5001-10000 | Coburg, Bayern, Germany, Europe | www.kaeser.com/ |
| SMS Group | View profile | 10001+ | Düsseldorf, Nordrhein-Westfalen, Germany, Europe | www.sms-group.com/ |
Asia Pacific Equipment As A Service Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Equipment As A Service Market Outlook will help companies and investors design strategic landscapes.
Cnc Machines was the largest segment with a revenue share of 21.76% in 2023.
Horizon Databook has segmented the Asia Pacific equipment as a service market based on air compressor, pump, power tools, ground power units, laser cutting machines, printing machines, cnc machines, material handling system, packaging machine, excavators, cranes, turning and milling machines covering the revenue growth of each sub-segment from 2018 to 2030.
The equipment as a service market in Asia Pacific is expected to grow at the fastest CAGR of 52.6% over the forecast period. This growth can be attributed to the presence of developing economies, such as China and India, and the significant technological and infrastructural developments in the region.
Investment in advanced technologies can enable more efficient monitoring, maintenance, and utilization of equipment, offering businesses better operational capabilities. Moreover, ongoing infrastructural projects, including improvements in connectivity and smart city initiatives, can create a conducive environment for the expansion of EaaS.
- Asia Pacific Equipment As A Service Market Equipment Outlook (Revenue, USD Million , 2018-2030)
- Air Compressor
- Pump
- Power Tools
- Ground Power Units
- laser cutting machines
- Printing Machines
- CNC machines
- Material handling system
- Packaging Machine
- Excavators
- Cranes
- Turning and milling machines
- Asia Pacific Equipment As A Service Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Construction
- Material Handling
- Mining
- Manufactruing
- Packaging
- Asia Pacific Equipment As A Service Market Financing Models Outlook (Revenue, USD Million , 2018-2030)
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Equipment As A Service Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Equipment As A Service Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Equipment As A Service Market, 2018-2030 (US$M)
Asia Pacific equipment as a service market statistics, by equipment, 2018-2030 (US$M)
