Automated Storage and Retrieval System (ASRS) Market in Asia Pacific would register a CAGR of 9.9% during 2020-2026

16-Sep-2020 | Report Format: Electronic (PDF)

Growth, Trends and Report Highlights

According to a new report Asia Pacific Automated Storage & Retrieval System (ASRS) Market, published by KBV research, the Asia Pacific Automated Storage and Retrieval System (ASRS) Market would witness market growth of 9.9% CAGR during the forecast period (2020-2026).

The China market dominated the Asia Pacific Metals & Heavy Machinery Automated Storage and Retrieval System (ASRS) Market by Country in 2019, growing at a CAGR of 6.5 % during the forecast period. The Japan market is experiencing a CAGR of 8% during (2020 - 2026). Additionally, The India market is poised to grow at a CAGR of 9.3% during (2020 - 2026).

The Unit Load market dominated the South Korea Automated Storage and Retrieval System (ASRS) Market by Type in 2019, growing at a CAGR of 10.1 % during the forecast period. The Mid & Mini Load market is exhibiting a CAGR of 10.6% during (2020 - 2026). Additionally, The Vertical Lift Module (VLM) market is estimated to grow at a CAGR of 12.1% during (2020 - 2026).

The Storage market dominated the Malaysia Automated Storage and Retrieval System (ASRS) Market by Function in 2019, thereby, achieving a market value of $81.6 million by 2026. The Order Picking market is witnessing a CAGR of 13.1% during (2020 - 2026). Additionally, The Assembly market is expected to witness a CAGR of 14.3% during (2020 - 2026).

Structural Insights: https://www.kbvresearch.com/asia-pacific-automated-storage-retrieval-system-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Daifuku Co., Limited, Honeywell International, Inc., Kuka AG, Kion Group, Toyota Industries Corporation, BEUMER Group GmbH & Co. KG, Knapp AG, Murata Manufacturing Co., Ltd., Kardex AG, and TGW Logistics Group GmbH.