Japan automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 10.5% during the forecast period. The major factors that are driving the Chinese 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. The e-commerce industry in Japan has witnessed considerable growth during the past decade. Some of the major factors that drive the e-commerce industry in Japan include the increase in internet penetration with strong growth in the infrastructure network. Japan is a developed economy and has a high urban population that makes the country an attractive destination to online retailers. Along with this, the availability of the highly developed logistics system and distribution network further adds to the lucrativeness of the e-commerce logistics industry in Japan. 

Along with this, the country has higher online shopping spending in the summers and during this period Japanese firms offer yearly summer bonuses to its employees. According to export.gov, in 2019, an average worker bonuses account for around $3,000 and the spending of this bonus amount is primarily focus on leisure, luxury goods, and travel. ASRS has significant applications in the e-commerce industry throughout the supply chain management. Thus, the rising adoption of these systems by different vendors in the country is anticipated to drive the market growth. For instance, in May 2018, Amazon Japan changed the distribution center process for FBA (fulfillment by Amazon) sellers. Now, by use of ASRS, the company will automatically deliver the assignment of the distribution center, which will be the destined location of the good for the seller. This will let the company balance its distribution channel more evenly across the centers.

Japan 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 Japan 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. Japan ASRS Market Research and Analysis by Type
2. Japan ASRS Market Research and Analysis by Industry

The Report Covers

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