The 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. 

Research Methodology

The market study of the China 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. China ASRS Market Research and Analysis by Type
2. China ASRS Market Research and Analysis by Industry

The Report Covers

• Comprehensive research methodology of the China 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 China ASRS Market.
• Insights about market determinants which are stimulating the China ASRS Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.