Automated Storage and Retrieval Systems Market Share, Size 2020 Global Industry Demand, Key Findings, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2026 | DAIFUKU Co. Ltd., Murata Machinery Ltd., Toyota Industries Corporation,

Asia-Pacific Automated Storage and Retrieval Systems Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

The Asia-Pacific Automated Storage & Retrieval Systems market was valued at USD 6295.62 million in 2019 and is expected to reach USD 11,946.02 billion by 2025, at a CAGR of 10.94% over the forecast period 2020- 2025.

- The Asia-Pacific region is witnessing an increasing foucs towards automation by the warehousing companies which is anticipated to drive the market for Automated Storage and Retrieval Systems. According to Warehouse 2020 APAC Vision Study cinducted by Zebra, 73% of the warehousing companies in the region plan to increase the number of warehouses by 2020 and 52% of them also plan to reduce space expansion in existing warehouses in 2020.
- The study also stated that 74% of the comapnies have plans to upgrade their warehouse staff with technology, specifically to raise investment in Internet of Thing, barcode scanning technologies, tablet computers, big data/data analytics, and warehouse/truck loading automation over the forecast period.

Avail a Sample Copy before Purchase:

https://www.marketinsightsreports.com/reports/01091746341/asia-pacific-automated-storage-and-retrieval-systems-market-growth-trends-and-forecast-2020-2025/inquiry?source=MW&Mode=21

Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-

DAIFUKU Co. Ltd., Murata Machinery Ltd., Toyota Industries Corporation, Hanwha Group, GEEK+ INC., Kardex Group, Siasun Robot & Automation Co. Ltd., Noblelift Intelligent Equipment Co. Ltd.

Retail to Hold a Significant Share

- The retail sector generated the second-highest demand for ASRS in the region, after post and parcel, as compared to other industries. ASRS, when compared to other equipment types, has witnessed a higher adoption in the in the region's retail sector. China has significantly contributed to this.
- This is because the Chinese retail revenue is also on a constant increase since 2011, which is significantly driving up the automation in the retail sector of the country, as a rise in retail requires effective storage and warehouse management of products suitably requiring ASRS.
- According to Chinas Ministry of Commerce (MOFCOM), Chinas retail sales are expected to surpass sales in the United States, for the first time in 2018, due to innovation and transformation of Chinas retail enterprisesChinas retail sales are expected to surpass sales in the United States, for the first time in 2018, due to innovation and transformation of Chinas retail enterprises.
- Furthermore, Chinese retailers are developing unmanned shops. For instance, Suning, the Chinese online shopping platform launched five unmanned shops in China, which apply facial recognition technology to payment services, and offer shoppers an intelligent shopping experience, based on their consumption habits. This has significantly contributed to the growth of the market studied in the region.
- Apart from China countries such as India, Japan, South Korea and Indonesia are also witnessing increase in demand for the automated systems in the warehousing sector.

China to Hold Major Share

- The rise in the retail revenue and sales has also generated a need to effectively manage warehouses, which are emphasizing the need to install automated warehousing systems.
- Hence, companies have started to install this equipment to keep up the pace with the growing retail sector in the country. For instance, recently in November 2017, the Chinese e-commerce sector figured out models of automation for the warehouses. .
- An e-commerce giant in China, JD.com Inc., recently built an efficient ASRS for effective warehouse management, in order to cater the demand for increasing retail sales. Additionally, Samson Holding was one of the first companies to implement ASRS in the Chinese furniture industry, enabling to automatically and mechanically store, track and retrieve every product produced, thus, saving ample preparation time required to assemble different products for each shipment.
- Moreover, the parcel industry in China also exploded over the years. Chinese express firms delivered around 40 billion parcels in 2017, according to the State Post Bureau, which is a government agency regulating the postal service of the People's Republic of China.
- Owing to these factors, ASRS is anticipated to witness an increase in the adoption of storing and managing parcels in the country.

Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Asia-Pacific (Germany, UK, France, Rest of Asia-Pacific)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America) 
Middle East & Africa

Get Exclusive Discount at-

https://www.marketinsightsreports.com/reports/01091746341/asia-pacific-automated-storage-and-retrieval-systems-market-growth-trends-and-forecast-2020-2025/discount?source=MW&Mode=21

- September 2019 - Daifuku Co., Ltd. announced the establishment of of Vietnamese subsidiary, Daifuku Intralogistics Vietnam Co., Ltd. The newly formed subsidiary will manage local sales, installation and after-sales services of material handling systems for the manufacturing and distribution sectors.
- August 2019 - Murata Machinery, Ltd. partnered with US material handling system supplier Alert Innovation, Inc. Alert, an American startup company, developed ALPHABOT, a picking solution system. As a strategic partner, Muratec will undertake a transfer of technical knowledge on the ALPHABOT system and will have sole rights to market and sell, design, manufacture, and service systems based on ALPHABOT� throughout Japan.

Major points covered in this research are:-

─Automated Storage and Retrieval Systems Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers

─Asia-Pacific Market Size (Value) of Automated Storage and Retrieval Systems (2020-2025)

─Asia-Pacific Automated Storage and Retrieval Systems Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)

─Asia-Pacific Automated Storage and Retrieval Systems Production, Revenue (Value), Price Trend by Type

─Asia-Pacific Automated Storage and Retrieval Systems Market Analysis by Application

─Asia-Pacific Automated Storage and Retrieval Systems Manufacturers Profiles/Analysis

─Automated Storage and Retrieval Systems Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─Asia-Pacific Automated Storage and Retrieval Systems Market Forecast (2020-2025)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this Automated Storage and Retrieval Systems report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Automated Storage and Retrieval Systems product development and gives an outline of the potential Asia-Pacific market.

Contact US:

Irfan Tamboli (Sales)

Phone: + 1704 266 3234

Mob: +91-750-707-8687

sales@marketinsightsreports.com

irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.