Asia-Pacific Automated Storage and Retrieval Systems Market Analysis and Outlook During 2021-2026

Asia-Pacific Automated Storage and Retrieval Systems Market report provides an in-depth analysis of the COVID-19 impact, key player’s strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. The Market report focus to provide extensive information on industry with market overview, key trends and business plans for Asia-Pacific Automated Storage and Retrieval Systems market.

The Asia-Pacific Automated Storage & Retrieval Systems market registered a CAGR of 9.95% over the forecast period 2021 - 2026.

- The Asia-Pacific region is witnessing an increasing focus 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 conducted 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 companies 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.

- Many of the companies in the food and beverage industry have recognized the advantages provided by the ASRS systems and have increased their focus towards the market adoption.

- For instance, Australia’s confectionery manufacturer, Cadbury Schweppes, carried out a major upgrade of its national distribution center in Melbourne. The upgrade resulted in a 20% productivity improvement to the automated storage and retrieval system in its warehouse, while simultaneously maintaining full distribution capability. It involved refurbishing and upgrading four ASRS cranes, as well as upgrading and modernizing the distribution center’s conveyor and sortation system.

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The Top Key Players in the Asia-Pacific Automated Storage and Retrieval Systems Market are like Beumer, Murata Machinery, Siemens, KIVA Systems, Dematic Group, Bosch Rexroth, Daifuku, Swisslog Holding and Others.

Industry News:

- 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.

Key Market Trends:

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 China’s Ministry of Commerce (MOFCOM), China’s retail sales are expected to surpass sales in the United States, for the first time in 2018, due to innovation and transformation of China’s retail enterprises China’s retail sales are expected to surpass sales in the United States, for the first time in 2018, due to innovation and transformation of China’s 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.

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This Asia-Pacific Automated Storage and Retrieval Systems Market report addresses:

The Market size from 2016-2020
Expected market growth until 2026
Forecast of how market drivers, restraints, and future opportunities will affect
Segment and regions that will drive or lead market growth and why
Comprehensive mapping of the competitive landscape
In-depth analysis of key sustainability strategies adopted by market place

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- Post Covid-19 Analysis

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