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.

The Asia-Pacific 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. 

The ASRS market in Asia-Pacific is moderately fragmented and highly competitive in nature. 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 operating in the region to remain competitive in the market. For instance, in September 2019, Daifuku Co., Ltd. from Japan had announced to establish its subsidiary firm Daifuku Intralogistics Vietnam Co., Ltd in Vietnam with intent to expand its manufacturing and distribution network in Asia-Pacific. Further in April 2019, Daifuku Co., Ltd. Daifuku acquired Vega Conveyors & Automation Private Ltd, a material handling distributor from India. The company did this acquisition to strengthen the localization strategy of the company and to receive the benefit from the growing demand for automation in the Asia-Pacific region.

Research Methodology

The market study of the Asia-Pacific automated storage and retrieval system (ASRS) market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for material handling solution providers, e-commerce companies, logistics solution providers, warehouse management service providers, 3PL providers, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis of the market size and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions. 

Market Segmentation

1. Asia-Pacific ASRS Market Research and Analysis by Type
2. Asia-Pacific ASRS Market Research and Analysis by Industry

The Report Covers

• Comprehensive research methodology of the Asia-Pacific ASRS Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific ASRS Market.
• Insights about market determinants which are stimulating the Asia-Pacific ASRS Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.