Asia-Pacific Automated Storage and Retrieval Systems Market Latest Technology advancements, Growth and Business Outlook 2021 to 2025

The report presents an in-depth assessment of the Asia-Pacific Automated Storage and Retrieval Systems Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Asia-Pacific Automated Storage and Retrieval Systems from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

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.

Inquire for Sample Copy of this Report:

https://www.marketinsightsreports.com/reports/01091746341/asia-pacific-automated-storage-and-retrieval-systems-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=S48  

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Asia-Pacific Automated Storage and Retrieval Systems Market: 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. and others.

Key Developments:

- 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.

Market Overview:

- 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.

Scope of the Report
The scope of the study for automated storage and retrieval systems maket is limited to the hardware product systems offered by various vendors for their applications in a wide range of end-user vertical globally. Type of systems such as fixed asile, vertical lift, carousel are considered under the dcope of the report. The after sales services and maintenance are not considered for market estimation.

Regional Analysis For Asia-Pacific Automated Storage and Retrieval Systems Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Key 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 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.

Browse the Report Description And TOC:

https://www.marketinsightsreports.com/reports/01091746341/asia-pacific-automated-storage-and-retrieval-systems-market-growth-trends-and-forecast-2020-2025?Mode=S48

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Asia-Pacific Automated Storage and Retrieval Systems Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Please connect with our sales team (sales@marketinsightsreports.com ).

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

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.