Japan automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 10.5% during the forecast period. The major factors that are driving the Chinese ASRS market include the rising focus of the warehousing companies towards automation and the significant growth of e-commerce and retail industries in the country. The e-commerce industry in Japan has witnessed considerable growth during the past decade. Some of the major factors that drive the e-commerce industry in Japan include the increase in internet penetration with strong growth in the infrastructure network. Japan is a developed economy and has a high urban population that makes the country an attractive destination to online retailers. Along with this, the availability of the highly developed logistics system and distribution network further adds to the lucrativeness of the e-commerce logistics industry in Japan.
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Along with this, the country has higher online shopping spending in the summers and during this period Japanese firms offer yearly summer bonuses to its employees. According to export.gov, in 2019, an average worker bonuses account for around $3,000 and the spending of this bonus amount is primarily focus on leisure, luxury goods, and travel. ASRS has significant applications in the e-commerce industry throughout the supply chain management. Thus, the rising adoption of these systems by different vendors in the country is anticipated to drive the market growth. For instance, in May 2018, Amazon Japan changed the distribution center process for FBA (fulfillment by Amazon) sellers. Now, by use of ASRS, the company will automatically deliver the assignment of the distribution center, which will be the destined location of the good for the seller. This will let the company balance its distribution channel more evenly across the centers.
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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
Japan ASRS Market by Type
- Unit Load
- Mini Load
- Vertical Lift Module
- Carousel
- Auto Store
Japan ASRS Market Industry
- Automobile
- Chemical, Metals & Heavy Machinery
- Food & Beverages
- Healthcare
- Retail, Third-Party Logistics, and E-Commerce
- Others (Aviation, Manufacturing Industry)
Company Profiles
- Daifuku Co., Ltd.
- Honeywell International, Inc.
- IHI Corp.
- KION Group AG
- KNAPP AG
- KUKA AG
- MUJIN Inc.
- Murata Machinery Ltd.
- TOYO KANETSU SOLUTIONS K.K.
- Toyota Industries Corp.
The Report Covers
- Comprehensive research methodology of the Japan 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 Japan ASRS Market.
- Insights about market determinants which are stimulating the Japan 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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