Press release
Asia-Pacific ASRS Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2025
The Asia-Pacific automated storage and retrieval system (ASRS) market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 11.1% during the forecast period. The major factors that are driving the Asia-Pacific ASRS market include the rising focus of the warehousing companies towards automation and the significant growth of e-commerce and retail industries in the Asia-Pacific regions.Many companies that are operating in the food & beverage industry are inclined towards the benefits of ASRS systems and have increased their focus towards the adoption of these systems. For instance, Cadbury Schweppes, a confectionery manufacturer from Australia had made the up-gradation of its national distribution center in Melbourne. The up-gradation of the company's distribution system had involved refurbishment and up-gradation of four ASRS cranes along with the modernization of the distribution center's conveyor and sortation system. With the implementation of the ASRS in its warehouse, the company reported a 20% increase in productivity while maintaining distribution capability at its full.
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The Asia-Pacific automated storage and retrieval system (ASRS) market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 11.1% during the forecast period. The major factors that are driving the Asia-Pacific ASRS market include the rising focus of the warehousing companies towards automation and the significant growth of e-commerce and retail industries in the Asia-Pacific regions.
Many companies that are operating in the food & beverage industry are inclined towards the benefits of ASRS systems and have increased their focus towards the adoption of these systems. For instance, Cadbury Schweppes, a confectionery manufacturer from Australia had made the up-gradation of its national distribution center in Melbourne. The up-gradation of the company's distribution system had involved refurbishment and up-gradation of four ASRS cranes along with the modernization of the distribution center's conveyor and sortation system. With the implementation of the ASRS in its warehouse, the company reported a 20% increase in productivity while maintaining distribution capability at its full.
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Asia-Pacific ASRS Market Segmentation
By Type
· Unit Load
· Mini Load
· Vertical Lift Module
· Carousel
· Auto Store
By Industry
· Automobile
· Chemical, Metals & Heavy Machinery
· Food & Beverages
· Healthcare
· Retail, Third-Party Logistics, and E-Commerce
· Others (Aviation, Manufacturing Industry)
Regional Analysis
· China
· India
· Japan
Rest of Asia-Pacific
Company Profiles
· Bastian Solutions, LLC
· BEUMER Group
· Daifuku Co., Ltd.
· Godrej Consoveyo Logistics Automation Ltd.
· Honeywell International, Inc.
· IHI Corp.
· Kardex Group
· KION Group AG
· KNAPP AG
· KUKA AG
· MUJIN Inc.
· Murata Machinery Ltd.
· Nanjing Huade Storage Equipment Co. Ltd.
· Pennar Industries Ltd.
· Qingdao Huichen Storage Equipment Co. Ltd.
· TGW Logistics Group
· TOYO KANETSU SOLUTIONS K.K.
· Toyota Industries Corp.
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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.
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