Asia Pacific Automated Storage and Retrieval System Market Share

Market Share of Asia Pacific Automated Storage and Retrieval System Industry

The Asia-Pacific automated storage and retrieval system market is fragmented and highly competitive. Product launches, high expense on research and development, partnerships and acquisitions, etc., are the prime growth strategies adopted by the companies in the region to sustain the intense competition. Some of the recent developments in the market are -

• August 2020 - KION Group has signed a distribution agreement and a memorandum of understanding on plans for joint development with the Chinese manufacturer to expand automation solutions. The collaboration with Quicktron is anticipated to strengthen further the former's position in the automated storage and trucks market.
• June 2020 - Cohesio Group, now known as Körber Supply Chain, introduced a new sorting robot solution in Australia and New Zealand. The Körber solution will allow logistics operators to maximize operational capabilities through flexible, affordable, and scalable automation.

APAC Automated Storage & Retrieval Systems Market Leaders

1. DAIFUKU Co. Ltd.

2. Murata Machinery Ltd.

3. Schaefer Systems International Pvt Ltd

4. Toyota Industries Corporation

5. Hanwha Group

*Disclaimer: Major Players sorted in no particular order