China ASRS Market 2021-2027: Industry Analysis, Trends, Growth, Opportunities, and Forecast

The China automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 11.3% during the forecast period. The major factors that are driving the China 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. China has rapidly positioned itself as a global leader in terms of automation. According to the International Federation of Robotics, the sale for industrial robots is expected to increase between 15% and 20% on average per year during 2018-2020.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/china-asrs-market

The country has witnessed a considerable rise in the revenue generated from the retail industry. According to China’s Ministry of Commerce (MOFCOM), China’s retail sales had surpassed sales in the US, for the first time in 2018, due to innovation and transformation of China’s retail enterprises. The growth in the retail industry of the country has further increased the demand for automated warehousing system to manage warehouse more efficiently. In November 2017, the China e-commerce sector had figured out the different models of automation for the warehouses to have a competitive edge over other players operating in the sector.

Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/china-asrs-market

China ASRS market is segmented on the basis of type and industry. On the basis of type, the market is segmented into the unit load, mini load, vertical lift module (VLM), carousel, and auto store. Mini load ASRS handles totes, trays, and cartons rather than full pallets. Mini load ASRS is used considerably in retail, e-commerce and 3PL providers. Based on the industry, the market is automotive; chemical, metals & heavy machinery; food & beverages; healthcare; retail, third-party logistics (3PL), and e-commerce; and others such as aviation and manufacturing. Innovative product launches, huge investment in R&D, mergers and acquisition, and partnerships among companies are the key growth strategies that are actively adopted by the companies to remain competitive in the market.

Market Segmentation
China ASRS Market by Type
• Unit Load
• Mini Load
• Vertical Lift Module
• Carousel
• Auto Store

China ASRS Market Industry
• Automobile
• Chemical, Metals & Heavy Machinery
• Healthcare
• Retail, Third-Party Logistics, and E-Commerce
• Others (Aviation, Manufacturing Industry)

Company Profiles
• BEUMER Group
• Daifuku Co., Ltd.
• Honeywell International, Inc.
• IHI Corp.
• Kardex Group
• KION Group AG
• KNAPP AG
• KUKA AG
• Murata Machinery Ltd.
• Nanjing Huade Storage Equipment Co. Ltd.
• Qingdao Huichen Storage Equipment Co. Ltd.
• TGW Logistics Group
• Toyota Industries Corp.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/china-asrs-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.