Asia Pacific Automated Storage and Retrieval System Market Size (2024 - 2029)

Asia-Pacific ASRS Systems Market Analysis

The Asia-Pacific Automated Storage & Retrieval Systems market registered a CAGR of 9.95% over the forecast period 2021 - 2026. The COVID-19 pandemic, which hit major countries like China, Japan, and India severely, is expected to influence the market's growth during 2020, as almost all production, logistics, and warehouses are under lockdown. The operations in these industries are expected to resume and reach a previous optimal position over the next four months. However, the demand in specific sectors, such as electronics, retail, and automotive, is expected to decline and recover by the end of 2021.

• The Asia-Pacific region is witnessing an increasing focus 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 conducted 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.
• Further, many of the food and beverage industry companies have recognized the advantages provided by the ASRS systems and have increased their focus towards market adoption.
• For instance, Australia's confectionery manufacturer, Cadbury Schweppes, successfully upgraded its national distribution center in Melbourne. The upgrade resulted in a 20% productivity improvement to its warehouse's automated storage and retrieval system while maintaining full distribution capability. It involved refurbishing and upgrading four ASRS cranes and modernizing the distribution center's conveyor and sortation system.
• South Korea has always been one of the world's top automotive manufacturing countries and one of the largest automotive exporters since the 1990s. Eco-friendly vehicles, including electric vehicles, hybrid electric vehicles, and fuel-cell electric vehicles, are expected to be the fastest-growing automotive end-user segment in South Korea during the forecast period. This provides a massive opportunity for automation in the automotive industry in the country.
• Moreover, Japan introduced lean manufacturing, a Just-In-Time concept in intralogistics. The close-knitted structure allowed the nation to adopt AS/RS systems at every level, economic and efficient. Currently, with the world looking forward to the fourth industrial revolution, Japan plays a significant part.
• Further, Indonesia is categorized as an aggressive automation-adopting nation. The country has recorded increased robotic usage for industrial work. Since Japan is both its supplier and consumer, Indonesia is expected to benefit from the trade with Japan. Thus increasing the demand for automation in the region.

Asia-Pacific ASRS Systems Industry Segmentation

The Asia Pacific region is one of the significant markets for automated storage and retrieval systems (ASRS) globally, which China, Japan, and India lead. The market is fragmented due to only many prominent players and is segmented by product type and end-user industries. The report provides vendor profiles operating in the market and the market share of each end-user sector and product type. Further, the market study also comprises details on the impact of COVID-19.