Dec 22, 2022

The global market for Asset Management System estimated at US$18.6 Billion in the year 2020, is projected to reach a revised size of US$35.9 Billion by 2027, growing at a CAGR of 9.9% over the analysis period 2020-2027. Returnable Transport Assets, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$11.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electronic Assets segment is readjusted to a revised 10.1% CAGR for the next 7-year period. The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 13.3% CAGR The Asset Management System market in the U.S. is estimated at US$5.1 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$7.4 Billion by the year 2027 trailing a CAGR of 13.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 8.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.1 Billion by the year 2027. In-Transit Equipment Segment to Record 10.5% CAGR In the global In-Transit Equipment segment, USA, Canada, Japan, China and Europe will drive the 10.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$5.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 12% CAGR through the analysis period. Select Competitors (Total 56 Featured) – Advantech