The automated storage and retrieval system (ASRS) market in APAC is expected to grow from US$ 525.04 million in 2020 to US$ 1050.91 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028. Rise in demand for Cold Chain ASRS is also bolstering the growth of the industry. ASRS allows storing more pallets in a smaller cubic area, thus reducing energy operating costs used for refrigeration in cold storages. It further reduces the thermal transfer impact through the roof and wall area, thus reducing energy consumption. Moreover, ASRS requires limited lighting and eliminates the need for large doors to be repetitively opening and closing for forklift access. Further, the employee demand in cold storage or freezer environments is generally higher compared to typical warehouses, thus implying for labor cost. Since all the pallet handling tasks are controlled automatically by ASRS in cold stores, it is not needed for the operational staff to work in a harsh cold environment. Moreover, the staff employed in cold storage are required to take constant breaks from working in sub-zero conditions, which may reduce productivity and increase operational costs. Since the cold chain industry is witnessing a high growth, the demand for cold chain ASRS is expected to rise over the years.
Because of a massive number of cases in China, the APAC region is greatly affected by COVID-19, the country also homes the largest population across the world, thereby imposing greater risk for a large number of individuals. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies, such as India, Australia, and Japan, and is experiencing downward inflation. The sudden closedown of all economic activities and retail outlets of both essential products and luxurious items has impacted the overall economy of the countries in the region. Owing to severe burden of losses over manufacturing companies or brands, they started investing in online platforms to sell their products and services. Though the ecommerce industry has experienced a raise in the pandemic, the industry across the region have not seen any investments in technological advancements thereby having no impact on the ASRS market even if the market has been growing. The manufacturing industry across the APAC region has been adversely affected due to the rapid spread of the COVID-19 in countries such as China and India. For instance, according to studies, China's manufacturing sector is expected to lose nearly US$50 billion in revenue. Though the world is slowly recovering from the pandemic, its effects on the industry will be long-lasting. The country’s chemical industry has been seriously harmed because of being at the epicenter of the COVID-19 outbreak at the end of 2019. As of March 2020, the industry had lost 14% of its production and 39% of its income. According to the China Association of Vehicle Manufacturers (CAVM), car sales in China dropped by 42% in the first quarter of 2020. China is also the world's leading manufacturer and exporter of consumer electronics. Various electronic input supplies have been stopped because of the outbreak. According to researchers, approximately two-thirds of the US companies operating in China expect lower growth due to a labor shortage. As a result of the disruption, countries like India are experiencing a shortage of essential electronic goods and components. The most notable example is Apple's decision to delay the release of the iPhone 9 due to a labor shortage and factory closures in China. Thus, the above-mentioned factors have been negatively impacting the demand for automated storage solutions market.
The AutoStore segment led the automated storage and retrieval system market based on type in 2020. A structural grid, delivery robots, storage bins, and an operator port are the four key components of an AutoStore facility. Inside the dense aluminum grid, goods are placed in stacked bins. When a product is required to complete an order, the device software and controls send a signal to a robot to locate the item in a bin. In an AutoStore system, the products are stocked in stacked bins in a dense aluminum grid. During a product search, a robot is alerted to search the bin comprising the item. In case the bin is hidden under other bins, the robot stages the other bins on top of the grid until the required bin is retrieved. It then brings the bin to the edge of the grid and passes it to the operator. The market for AutoStore ASRS is gaining traction owing to befits such as efficient management of material flow, increased goods throughput, as well as real-time management information.
AutoStore is a cutting-edge storage system with unrivalled configurability and versatility. Bins are stacked vertically in a grid and collected by robots moving through the system's top layer. The grid can be mounted around columns, on mezzanines, and on multiple levels because of this. AutoStore systems are ideal for a range of market segments including ecommerce and omnichannel services, as well as third-party distribution and parts management, when combined with software and other picking and conveying solutions.
The overall APAC automated storage and retrieval system market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the APAC automated storage and retrieval system market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC automated storage and retrieval system market. SSI SCHAEFER GROUP, Swisslog Holding AG, System Logistics Spa, Bastian Solutions, Daifuku Co. Ltd, Kardex Group, KNAPP AG, Mecalux, and Vanderlande Industries are among the leading companies in the APAC automated storage and retrieval system market.
Reasons to Buy
Because of a massive number of cases in China, the APAC region is greatly affected by COVID-19, the country also homes the largest population across the world, thereby imposing greater risk for a large number of individuals. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies, such as India, Australia, and Japan, and is experiencing downward inflation. The sudden closedown of all economic activities and retail outlets of both essential products and luxurious items has impacted the overall economy of the countries in the region. Owing to severe burden of losses over manufacturing companies or brands, they started investing in online platforms to sell their products and services. Though the ecommerce industry has experienced a raise in the pandemic, the industry across the region have not seen any investments in technological advancements thereby having no impact on the ASRS market even if the market has been growing. The manufacturing industry across the APAC region has been adversely affected due to the rapid spread of the COVID-19 in countries such as China and India. For instance, according to studies, China's manufacturing sector is expected to lose nearly US$50 billion in revenue. Though the world is slowly recovering from the pandemic, its effects on the industry will be long-lasting. The country’s chemical industry has been seriously harmed because of being at the epicenter of the COVID-19 outbreak at the end of 2019. As of March 2020, the industry had lost 14% of its production and 39% of its income. According to the China Association of Vehicle Manufacturers (CAVM), car sales in China dropped by 42% in the first quarter of 2020. China is also the world's leading manufacturer and exporter of consumer electronics. Various electronic input supplies have been stopped because of the outbreak. According to researchers, approximately two-thirds of the US companies operating in China expect lower growth due to a labor shortage. As a result of the disruption, countries like India are experiencing a shortage of essential electronic goods and components. The most notable example is Apple's decision to delay the release of the iPhone 9 due to a labor shortage and factory closures in China. Thus, the above-mentioned factors have been negatively impacting the demand for automated storage solutions market.
The AutoStore segment led the automated storage and retrieval system market based on type in 2020. A structural grid, delivery robots, storage bins, and an operator port are the four key components of an AutoStore facility. Inside the dense aluminum grid, goods are placed in stacked bins. When a product is required to complete an order, the device software and controls send a signal to a robot to locate the item in a bin. In an AutoStore system, the products are stocked in stacked bins in a dense aluminum grid. During a product search, a robot is alerted to search the bin comprising the item. In case the bin is hidden under other bins, the robot stages the other bins on top of the grid until the required bin is retrieved. It then brings the bin to the edge of the grid and passes it to the operator. The market for AutoStore ASRS is gaining traction owing to befits such as efficient management of material flow, increased goods throughput, as well as real-time management information.
AutoStore is a cutting-edge storage system with unrivalled configurability and versatility. Bins are stacked vertically in a grid and collected by robots moving through the system's top layer. The grid can be mounted around columns, on mezzanines, and on multiple levels because of this. AutoStore systems are ideal for a range of market segments including ecommerce and omnichannel services, as well as third-party distribution and parts management, when combined with software and other picking and conveying solutions.
The overall APAC automated storage and retrieval system market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the APAC automated storage and retrieval system market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC automated storage and retrieval system market. SSI SCHAEFER GROUP, Swisslog Holding AG, System Logistics Spa, Bastian Solutions, Daifuku Co. Ltd, Kardex Group, KNAPP AG, Mecalux, and Vanderlande Industries are among the leading companies in the APAC automated storage and retrieval system market.
Reasons to Buy
- To understand the APAC automated storage and retrieval system market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC automated storage and retrieval system market
- Efficiently plan M&A and partnership deals in APAC automated storage and retrieval system market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC automated storage and retrieval system market
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
Table of Contents
1. Introduction
3. Research Methodology
4. Market Landscape
5. APAC Automated Storage and Retrieval Systems Market - Key Industry Dynamics
6. Automated Storage and Retrieval Systems Market - APAC Analysis
7. APAC Automated Storage and Retrieval Systems Market Analysis - By Type
8. APAC Automated Storage and retrieval system Market Analysis - By End-use Industry
9. Automated Storage and retrieval system Market - Country Analysis
10. Impact of COVID-19 Pandemic on APAC Automated Storage and Retrieval System Market
11. APAC Automated Storage and Retrieval System Market-Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- SSI SCHAEFER GROUP
- Swisslog Holding AG
- System Logistics Spa
- Bastian Solutions
- Daifuku Co. Ltd
- Kardex Group
- KNAPP AG
- Vanderlande Industries
