The Asia-Pacific automated storage and retrieval system (ASRS) market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 11.1% during the forecast period. The major factors that are driving the Asia-Pacific ASRS market include the rising focus of the warehousing companies towards automation and the significant growth of e-commerce and retail industries in the Asia-Pacific regions.
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Many companies that are operating in the food & beverage industry are inclined towards the benefits of ASRS systems and have increased their focus towards the adoption of these systems. For instance, Cadbury Schweppes, a confectionery manufacturer from Australia had made the up-gradation of its national distribution center in Melbourne. The up-gradation of the company’s distribution system had involved refurbishment and up-gradation of four ASRS cranes along with the modernization of the distribution center’s conveyor and sortation system. With the implementation of the ASRS in its warehouse, the company reported a 20% increase in productivity while maintaining distribution capability at its full.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Asia-Pacific ASRS Market by Type
- Unit Load
- Mini Load
- Vertical Lift Module
- Carousel
- Auto Store
Asia-Pacific ASRS Market Industry
- Automobile
- Chemical, Metals & Heavy Machinery
- Food & Beverages
- Healthcare
- Retail, Third-Party Logistics, and E-Commerce
- Others (Aviation, Manufacturing Industry)
Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- Bastian Solutions, LLC
- BEUMER Group
- Daifuku Co., Ltd.
- Godrej Consoveyo Logistics Automation Ltd.
- Honeywell International, Inc.
- IHI Corp.
- Kardex Group
- KION Group AG
- KNAPP AG
- KUKA AG
- MUJIN Inc.
- Murata Machinery Ltd.
- Nanjing Huade Storage Equipment Co. Ltd.
- Pennar Industries Ltd.
- Qingdao Huichen Storage Equipment Co. Ltd.
- TGW Logistics Group
- TOYO KANETSU SOLUTIONS K.K.
- Toyota Industries Corp.
The Report Covers
- Comprehensive research methodology of the Asia-Pacific ASRS Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific ASRS Market.
- Insights about market determinants which are stimulating the Asia-Pacific ASRS Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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