查看購物車
  • Simplified Chinese
  • English
  • Japanese
封面
市場調查報告書
商品編碼
1687194

自動儲存和搜尋系統 (ASRS) - 市場佔有率分析、行業趨勢和統計數據、成長預測（2025-2030 年）

Automated Storage and Retrieval System (ASRS) - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
出版日期: | 出版商: Mordor Intelligence | 英文 197 Pages | 商品交期: 2-3個工作天內

價格

※ 本網頁內容可能與最新版本有所差異。詳細情況請與我們聯繫。

簡介目錄

自動化儲存和搜尋系統市場規模預計在 2025 年為 200.7 億美元，預計到 2030 年將達到 339.3 億美元，預測期內（2025-2030 年）的複合年成長率為 11.07%。

自動儲存與檢索系統 (ASRS)-市場-IMG1

電子商務的爆炸式成長、消費者需求的變化以及全球勞動力短缺正在推動對靈活、自動化解決方案的需求，以使訂單履行和交付更快、更有效率。 ASRS 技術應用於製造工廠、倉庫和配送中心，用於物料運輸和庫存管理。這些系統在冷藏、汽車、製藥製造、食品和飲料以及電子商務等應用中很常見。

關鍵亮點

  • ASRS 在倉庫應用上最為有益。這些系統可以顯著減少占地面積，這是倉庫業務中的重要組成部分。隨著技術的發展，材料流動和控制得到了改善。該設備具有更好的可視性，能夠以更高的速度處理多變性、多樣性和大批量，從而產生更高的價值。
  • 機場為先進技術而進行的擴建活動將促進所研究市場的成長。例如，2022年7月，美國運輸部聯邦航空管理局（FAA）宣布將向全國85個機場撥款約10億美元，用於改善各種規模的航站樓。開發機場航站大樓可以確保更好的客戶體驗，更有效地在經濟中運輸貨物，降低價格，並提高美國的競爭力。
  • 此外，對管理倉儲、運輸、物流等高效解決方案的需求日益成長，推動了對 ASRS 的需求。隨著對自動化儲存和搜尋系統的需求不斷增加，公司正在採取各種措施來加強其在市場中的地位。例如，2023 年 1 月，OPEX Corporation 透過其子公司 OPEX GmbH 與 Transition 建立策略夥伴關係，為法國客戶帶來尖端的倉庫自動化技術。
  • 透過其全面的技術解決方案套件——包括 Perfect Pick、AS/RS（貨到人）和 Sure-Sort、機器人分類系統——OPEX 幫助世界各地的客戶降低成本、改善工作流程並提高基礎設施效率。預計市場參與者的這些努力將在預測期內推動自動儲存和搜尋系統市場的發展。
  • 此外，2022年2月，Addverb Technologies宣佈在美國設立子公司，為北美和南美客戶提供服務。 Addverbis 專注於建造全自動倉庫和製造設施。我們與電子商務、零售和雜貨等多個行業合作。該公司提供六種類型的機器人：移動機器人、托盤機器人、穿梭機器人、分類機器人和紫外線消毒機器人。我們還提供基於穿梭車的 ASRS 系統和軟體，用於建造高速機器人履約中心。
  • 然而，對於新興國家來說，需要熟練的操作員來確保物料輸送系統正常運作和維護，這可能是一個重大障礙。然而，自動化物料輸送商正試圖透過提供定期維護來抵消這個問題。除了高昂的初始成本外，在車輛的整個使用壽命期間，需要熟練的勞動力來執行各種任務，這被廣泛認為是受調查市場關注的關鍵問題。
  • 相反，預計後疫情時代人們對數位和自動化技術的認知將顯著提高，這將在預測期內支持學習市場的成長。例如，2023 年 1 月，倉庫自動化領域的主要企業AutoStore 推出了 Pio（「產品進/出」），這是其備受讚譽的 AutoStore 立方體儲存技術的客製化即插即用版本，適用於中小型企業 (SMB)。

自動儲存和搜尋系統 (ASRS) 市場趨勢

新興市場電子商務的成長推動市場

  • 隨著越來越多的企業採用自動化來提高效率、降低成本和保持競爭力，職場對工人來說也變得更加安全。 ASRS 市場的主要驅動力之一是改善工作和安全條件。
  • 電子商務公司正在創建配送網路。 Flipkart Logistics（在印度被稱為「eKart」）就是一個例子。同時，像 Express 物流這樣的物流公司向零售商和經銷商運送大量包裹。預計此類發展將推動 AS/RS 系統的廣泛應用。此外，根據 Ascential's Edge 的數據，線上零售商阿里巴巴的銷售額預計將在 2022 年達到 7,807 億美元，在 2027 年達到 1.1375 兆美元。
  • 電子商務產業的巨大成長是市場成長的主要動力。根據 IBEF 預測，印度電子商務產業規模將在 2022 年達到 748 億美元，2025 年增至 1,880 億美元，2030 年增至 3,500 億美元。此外，2022 年 6 月，456,000 名註冊賣家和服務供應商透過政府電子市場 (GeM) 平台向 66,632 名買家下了 1,035 萬份訂單，總額達 330.7 億美元。
  • 亞馬遜和沃爾瑪等零售和電子商務巨頭的存在極大地促進了該地區對倉儲和儲存服務的需求。據沃爾瑪稱，截至 2022 年，該公司使用 31 個僅限電子商務的履約和位於 90%美國人口 10 英里範圍內的 4,700 家商店來配送線上訂單。根據Google和淡馬錫控股的研究，新加坡電子商務市場預計將達到 50 億美元的 GMV。同時，預計到2025年馬來西亞和印尼的市場規模將分別超過70億美元和530億美元。
  • 此外，根據國際貿易部的數據，澳洲被認為是全球第 11 大電子商務市場，預計到 2024 年銷售額將達到 323 億美元。銷售活動、市場和創新的 BNPL（先買後付）付款方式的普及極大地促進了電子商務活動的成長。此外，報告預測電子商務將在三年內佔零售支出的12%。
  • 此外，根據國際貿易部的數據，菲律賓電子商務市場的銷售額最近達到 170 億美元，主要由 7,300 萬活躍的線上消費者推動。預計到 2025 年將成長 17%，達到 240 億美元。

亞太地區將經歷顯著的市場成長

  • 在亞太地區，倉儲公司對自動化的日益關注預計將推動自動化儲存和搜尋系統 (ASRS) 市場的發展。據IBEF稱，近年來，受電子商務市場成長的推動，A級倉儲市場穩步成長。預計到2025年將成長15%。
  • 中國是工業4.0的主要採用者，擁有世界上最先進的製造設施，領先歐盟、美國和日本。例如，根據世界經濟論壇的數據，目前全球69家被認為是使用工業4.0技術的領先工廠中，中國目前擁有20家，其次是歐盟（19家）、美國（7家）和日本（5家）。自動化儲存和搜尋系統除了作為工廠範圍自動化的基礎之外，也是工業 4.0 的基礎。
  • 包裝食品、零嘴零食、肉類和調味飲料的消費量大幅增加。例如，根據加拿大農業及農業食品部的數據，預計到2025年，中國零售包裝食品銷售額將達到3,667.5億美元。此外，根據日本統計局的數據，預計到2023年，食品製造業銷售額將達到2,066億美元。預計到2027年，這一數字將達到2,396億美元。
  • 此外，汽車行業的成長預計將推動所研究的市場。據JADA稱，2022年，日本領先汽車製造商豐田在該國銷售了約125萬輛汽車。儘管與與前一年同期比較銷量下降了 12.1%，但豐田的銷量仍是亞軍的兩倍多。排名第二的鈴木在 2022 年的銷量略高於 60 萬輛。
  • 加大機場現代化建設力度並採用最新技術，使其高效、安全且具有成本效益，預計也將推動受調查市場的成長。此外，到2025年，德里、海德拉巴和班加羅爾三個官民合作關係（PPP）機場可能會投資39億美元（3,000億印度盧比）進行擴建開發。這些旨在使機場現代化並採用最新技術使其高效、安全且具有成本效益的努力預計將推動所調查市場的成長。
  • 印度民航部長表示，印度計劃在未來 10 至 15 年內投資 600 億美元建造 100 個新機場，以降低航空旅行的成本。預計這些因素將推動該國對 AMH 設備的需求。該國的汽車終端用戶產業需要處理大量物料輸送，且吞吐率較高，預計將選擇 AMH 系統。
  • 根據DataReportal數據顯示，2022年1月，印尼網路用戶達2.047億。截至2022年初，印尼網路普及率為總人口的73.7%。預計工作活動自動化的潛力將在預測期內推動對 ASRS 的需求。

自動儲存和搜尋系統 (ASRS) 市場概覽

所研究的市場似乎競爭激烈，領先公司採用了產品創新和併購等策略。預計在預測期內，自動化儲存和搜尋領域領先製造商的不斷增加將加劇競爭對手之間的競爭。DAIFUKU CO. LTD.Schaefer Systems International Pvt Ltd. 等市場現有企業對整個市場產生了重大影響。此外，此類系統的應用日益廣泛，尤其是在倉庫自動化領域，也對主要參與企業之間的競爭產生了重大影響。

2023年7月，卡夫亨氏宣布將投資超過4億美元，興建北美最大的自動化快速消費品物流中心之一。該設施的設計包括一個全天候自動化儲存和搜尋系統，其容量可為卡夫亨氏客戶處理兩倍的貨物，分銷該公司 60% 以上的食品服務業務和約 30% 的所有乾貨。

2023 年 4 月，ABB 機器人公司宣布將推出機器人物品拾取器，以增強其領先業界的物流自動化產品組合，這是一種基於人工智慧和視覺的新型解決方案，能夠在倉庫和履約中心的非結構化環境中準確檢測和拾取物品。物品拾取器可輕鬆整合到現有的自動儲存和搜尋解決方案中，包括穿梭車、立方體和 3D 儲存解決方案，從而減少工程工作量並加快產品上市時間。

其他福利

  • Excel 格式的市場預測 (ME) 表
  • 3個月的分析師支持

目錄

第1章 引言

  • 研究假設和市場定義
  • 研究範圍

第2章調查方法

第3章執行摘要

第4章 市場洞察

  • 市場概覽
  • 產業吸引力-波特五力分析
    • 供應商的議價能力
    • 買家的議價能力
    • 新進入者的威脅
    • 替代品的威脅
    • 競爭對手之間的競爭強度
  • 產業價值鏈分析
  • 評估宏觀經濟趨勢對市場的影響

第5章市場動態

  • 市場促進因素
    • 更加重視職業安全
    • 新興國家電子商務的成長
  • 市場限制
    • 需要熟練勞動力，並擔心體力勞動被取代

第6章市場區隔

  • 依產品類型
    • 固定通道類型
      • 堆垛機起重機
      • 單元貨載
      • 迷你路
      • 穿梭系統
      • 托盤裝載
      • 手提袋、木箱等
    • 垂直升降模組
  • 按最終用戶產業
    • 製造環境
      • 車
      • 飲食
      • 生命科學
      • 其他製造業
    • 非製造業
      • 通用產品
      • 物流與倉儲
      • 飛機場
      • 其他非製造環境
  • 按地區
    • 北美洲
      • 美國
      • 加拿大
    • 歐洲
      • 英國
      • 德國
      • 法國
      • 義大利
      • 西班牙
    • 亞洲
      • 中國
      • 日本
      • 印度
    • 澳洲和紐西蘭
    • 拉丁美洲
      • 巴西
      • 墨西哥
    • 中東和非洲
      • 阿拉伯聯合大公國
      • 沙烏地阿拉伯
      • 南非

第7章競爭格局

  • 公司簡介
    • Daifuku Co. Ltd
    • Schaefer Systems International Pvt. Ltd.
    • Dematic（Kion Group AG）
    • Murata Machinery Ltd
    • Mecalux SA
    • Honeywell Intelligrated Inc.
    • KUKA AG
    • Knapp AG
    • Kardex AG
    • Toyota Industries Corporation
    • Viastore Systems GmbH

第8章投資分析

第9章：市場的未來

簡介目錄
Product Code: 56266

The Automated Storage and Retrieval System Market size is estimated at USD 20.07 billion in 2025, and is expected to reach USD 33.93 billion by 2030, at a CAGR of 11.07% during the forecast period (2025-2030).

Automated Storage and Retrieval System (ASRS) - Market - IMG1

The explosion of e-commerce, changing consumer demands, and global labor shortages are driving the need for flexible automated solutions that make order fulfillment and distribution faster and more efficient. ASRS technology is finding application in manufacturing units, warehouses, and distribution centers for materials transport and inventory management purposes. These systems are commonly utilized in cold storage, automotive, pharmaceutical manufacturing, food and beverage, and e-commerce applications.

Key Highlights

  • ASRS is most beneficial in warehouse applications. These systems save ample floor space, which is a crucial factor in warehouse operations. With the evolution of technology, the flow and control of materials have improved. The equipment offers better visualization and the ability to handle variability, variety, and volume at higher speeds, thus generating increased value.
  • The expansion activities carried out by the airports for advanced technologies will boost the studied market growth. For instance, in July 2022, The U.S. Department of Transportation's Federal Aviation Administration (FAA) announced the award of nearly USD 1 billion to 85 airports across the country for improving terminals of all sizes. Building airport terminals will ensure better customer experiences, move goods through the economy with more efficiency, minimize prices, and increase U.S. competitiveness.
  • Furthermore, increasing need for efficient and effective solutions for managing warehouses, traffic, logistics, and others, the need for ASRS has been growing. With the growing demand for automated storage and retrieval systems, various companies have been undertaking various initiatives to strengthen their position in the market. For instance, in January 2023, OPEX Corporation, through its subsidiary, OPEX GmbH, entered into a strategic partnership with Transition to launch its leading-edge warehouse automation technology to customers in France.
  • Through its comprehensive suite of technology solutions (including Perfect Pick, a goods-to-person (AS/RS), and Sure Sort, a robotic sorting system), OPEX enables its clients to reduce costs, improve workflow, and drive efficiencies in infrastructure around the world. Such initiatives by the companies in the market are expected to fuel the automated storage and retrieval system market during the forecast period.
  • In addition, in February 2022, AddverbTechnologies announced the establishment of a subsidiary office in the United States to serve its North and South American customers. Addverbis focuses on creating fully automated warehouses and manufacturing facilities. It is collaborating with several industries, including e-commerce, retail, and grocery. The company offers six robots comprising a mobile robot, a pallet robot, a shuttle robot, a sorting robot, and a U.V. disinfection robot. It also provides a shuttle-based ASRS system and software to create high-speed robotic fulfillment centers.
  • However, the need for skilled operators to enable the adequate functioning and maintenance of automated material-handling systems could be a significant impediment in emerging countries. However, automated material-handling vendors have been trying to offset this issue by offering periodic maintenance. In addition to high initial costs, the need for skilled workers to perform various activities throughout the vehicles' shelf life is widely considered a significant concern in the market studied.
  • On the contrary, during the post-pandemic, the significantly increased awareness of digital and automated technologies is expected to support the studied market's growth in the forecast period. For instance, in January 2023, AutoStore, one of the significant warehouse automation companies, launched Pio ("Product In/Out"), which is a plug-and-play version of acclaimed AutoStore cube storage technology tailored for small and medium-sized businesses (SMBs).

Automated Storage and Retrieval System (ASRS) Market Trends

Growth of E-commerce in Developing Countries to Drive the Market

  • As more companies turn to automation to boost efficiency, lower costs, and remain competitive, they also make the workplace safer for workers. One of the main causes for the ASRS market is improving working and safety conditions.
  • E-commerce businesses are forming their delivery networks. Flipkart's logistics, which India calls "eKart," is one instance. On the other hand, logistics companies such as Express Logistics deliver bulk shipments to retailers and distributors. Such developments are anticipated to boost the penetration of AS/RS systems. In addition, according to Edge by Ascential, the sale of online retailer Alibaba acquired USD 780.70 billion in 2022 and is believed to reach USD 1,137.5 billion in 2027.
  • The immense growth in the e-commerce industry is a significant growth driver for the Market studied. According to IBEF, the Indian e-commerce sector reached USD 74.8 billion in 2022 and is predicted to increase to USD 188 billion by 2025, further to USD 350 billion by 2030. Furthermore, in June 2022, 10.35 million orders totaling USD 33.07 billion were fulfilled by 4.56 million registered sellers and service providers through the Government e-Marketplace (GeM) platform for 60,632 purchasers.
  • The existence of retail and e-commerce giants, such as Amazon and Walmart, contributes immensely to the region's demand for warehouse and storage services. According to Walmart, as of 2022, the organization uses 31 dedicated e-commerce fulfillment hubs and 4,700 stores within 10 miles of 90 percent of the United States population to fulfill online orders. According to Google and Temasek Holdings' studies, the GMV for the Singaporean e-commerce market is predicted to reach USD 5 billion. In contrast, the Malaysian and Indonesian markets will surpass USD 7 billion and USD 53 billion, respectively, by 2025.
  • Moreover, according to the International Trade Administration, Australia is considered the eleventh-largest e-commerce market in the world, and revenue is predicted to reach USD 32.3 billion by 2024. The popularity of sales events, marketplaces, and innovative buy now, pay later (BNPL) payment options contribute significantly to the increase in e-commerce activities. Furthermore, the same report predicted that e-commerce would account for 12 percent of retail spending within three years.
  • Additionally, according to the International Trade Administration, the Philippines' eCommerce market sales reached USD 17 billion recently, due mainly to 73 million online active consumers. This is expected to reach USD 24 billion by 2025, with a 17 percent increase.

Asia-Pacific to Experience Significant Market Growth

  • The Asia-Pacific is witnessing an increasing focus on automation by warehousing companies, which is expected to drive the automated storage and retrieval systems (ASRS) market. According to IBEF, the grade-A warehousing market has grown steadily in the recent past due to the growth of e-commerce in the country. It is expected to grow at a rate of 15 percent by 2025.
  • China is a significant adopter of Industry 4.0, and the country is home to some of the most advanced manufacturing facilities in the world, ahead of the European Union, the United States, and Japan. For instance, according to the World Economic Forum, of the 69 factories worldwide now considered leaders using Industry 4.0 technologies, China is currently home to 20, followed by 19 in the European Union, 7 in the United States, and 5 in Japan. Besides being the foundation for plant-wide automation, the automated storage and retrieval system also serves as a foundation for Industry 4.0.
  • There has been a significant increase in packaged food, snacks, meat, and flavored drinks consumption. For instance, according to Agriculture and Agri-Food Canada, packaged food retail sales in China are forecasted to reach USD 366.75 billion by 2025. In addition, according to Statistics Bureau Japan, the revenue in the manufacture of Food Products is projected to amount to USD 206.60 billion in 2023. Also, it is further anticipated to reach 239.60 billion in 2027.
  • Further, the growth of the automotive industry is expected to drive the studied Market. According to JADA, in 2022, Toyota, the leading car manufacturer in Japan, sold around 1.25 million vehicles domestically. Despite a decrease of 12.1 percent compared to the prior year, Toyota reported more than twice as many unit sales as the runner-up. Suzuki, which came in second, sold slightly over 600 thousand vehicles in 2022.
  • The increasing initiatives to modernize airports and equip them with the latest technology to make them efficient, safe, and cost-effective are also expected to drive the growth of the studied Market. In addition, by 2025, the three public-private partnership (PPP) airports in Delhi, Hyderabad, and Bengaluru will likely invest USD 3.9 billion (INR 300 billion) in expansion development. Such initiatives to modernize airports and equip them with the latest technology to make them efficient, safe, and cost-effective are expected to drive the growth of the studied Market.
  • According to the Civil Aviation Minister, India plans to build 100 new airports with an investment of USD 60 billion in the next 10-15 years to make air travel more affordable. These factors are expected to boost the demand for AMH equipment in the country. The automotive end-user industry in the country, which handles a large volume of materials and has a high throughput ratio, is expected to opt for AMH systems.
  • According to DataReportal, in January 2022, Indonesia had 204.7 million internet users. At the start of 2022, Indonesia's internet penetration rate was 73.7 percent of the overall population. The possibility of the automation of work activities is expected to drive the demand for ASRS during the forecast period.

Automated Storage and Retrieval System (ASRS) Market Overview

The studied market appears favorably competitive, with significant players adopting strategies like product innovation and mergers and acquisitions. The growing presence of major manufacturers in the automated storage and retrieval sector is expected to intensify competitive rivalry during the forecast period. Market incumbents, such as Daifuku and Schaefer Systems International Pvt Ltd., considerably influence the overall market. Moreover, the growing deployment of such systems, especially in warehouse automation, is also having a significant impact on the competitiveness of the major players.

In July 2023, the Kraft Heinz Company announced an investment of more than USD 400 million to build one of the largest automated CPG distribution centers in North America. The facility's design includes a 24/7 automated storage and retrieval system with the ability to drive twice the volume for Kraft Heinz customers, distributing more than 60 percent of the Company's food service business and approximately 30 percent of all dry goods.

In April 2023, ABB Robotics announced the enhancement of its industry-leading logistics automation portfolio with the launch of the Robotic Item Picker, which is a new AI and vision-based solution that can accurately detect and pick items in unstructured environments in warehouses and fulfillment centers. The Item Picker reduces engineering effort and accelerates time-to-market by easily integrating into existing automated storage and retrieval solutions, such as shuttle, cubic, and 3D storage solutions.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Assessment of Impact of Macroeconomic Trends on the Market

5 MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increased Emphasis on Workplace Safety
    • 5.1.2 Growth of E-commerce in Developing Countries
  • 5.2 Market Restraints
    • 5.2.1 Need for Skilled Workforce and Concerns over Replacement of Manual Labor

6 MARKET SEGMENTATION

  • 6.1 By Product Type
    • 6.1.1 Fixed Aisle System
      • 6.1.1.1 Stacker Crane
      • 6.1.1.1.1 Unit Load
      • 6.1.1.1.2 Mini Load
      • 6.1.1.2 Shuttle Systems
      • 6.1.1.2.1 Pallet Loads
      • 6.1.1.2.2 Totes, Crates, and Others
    • 6.1.2 Vertical Lift Module
  • 6.2 By End-user Industry
    • 6.2.1 Manufacturing Environments
      • 6.2.1.1 Automotive
      • 6.2.1.2 Food and Beverages
      • 6.2.1.3 Life Sciences
      • 6.2.1.4 Other Manufacturing Environments
    • 6.2.2 Non-manufacturing Environments
      • 6.2.2.1 General Merchandise
      • 6.2.2.2 Logistics and Warehousing
      • 6.2.2.3 Airport
      • 6.2.2.4 Other Non-manufacturing Environments
  • 6.3 By Geography
    • 6.3.1 North America
      • 6.3.1.1 United States
      • 6.3.1.2 Canada
    • 6.3.2 Europe
      • 6.3.2.1 United Kingdom
      • 6.3.2.2 Germany
      • 6.3.2.3 France
      • 6.3.2.4 Italy
      • 6.3.2.5 Spain
    • 6.3.3 Asia
      • 6.3.3.1 China
      • 6.3.3.2 Japan
      • 6.3.3.3 India
    • 6.3.4 Australia and New Zealand
    • 6.3.5 Latin America
      • 6.3.5.1 Brazil
      • 6.3.5.2 Mexico
    • 6.3.6 Middle East and Africa
      • 6.3.6.1 United Arab Emirates
      • 6.3.6.2 Saudi Arabia
      • 6.3.6.3 South Africa

7 COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Daifuku Co. Ltd
    • 7.1.2 Schaefer Systems International Pvt. Ltd.
    • 7.1.3 Dematic (Kion Group AG)
    • 7.1.4 Murata Machinery Ltd
    • 7.1.5 Mecalux SA
    • 7.1.6 Honeywell Intelligrated Inc.
    • 7.1.7 KUKA AG
    • 7.1.8 Knapp AG
    • 7.1.9 Kardex AG
    • 7.1.10 Toyota Industries Corporation
    • 7.1.11 Viastore Systems GmbH

8 INVESTMENT ANALYSIS

9 FUTURE OF THE MARKET