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.
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.
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.
To Request a Sample of our Report on China ASRS Market: https://www.omrglobal.com/request-sample/china-asrs-market
China 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)
A full Report of China ASRS Market is Available @ https://www.omrglobal.com/industry-reports/china-asrs-market
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.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
