Global Automated Storage and Retrieval System (ASRS) Market Share is Likely to Grow at a CAGR Value of 6.80% By 2028

01-Sep-2022 | Facts and Factors

According to Facts and Factors, the global automated storage and retrieval system (ASRS) market size was worth USD 7,294.50 million in 2021 and is estimated to grow to USD 10,824.87 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.80% over the forecast period. The report analyzes the automated storage and retrieval system (ASRS) market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the automated storage and retrieval system (ASRS) market.

ASRS is stock management technology commonly used in manufacturing facilities, fulfillment centers, and warehouses. They are composed of numerous computer-controlled devices for automatically moving loads from one place to another. Businesses are progressively implementing automation technology to manufacture high-quality goods, increase manufacturing capabilities, improve customer service, and efficiently manage their processes. As a result, these systems transport large quantities of freight since they help provide effective, precise, dependable, and inexpensive solutions.

Browse the full “Automated Storage And Retrieval System (ASRS) Market Size, Share, Growth Analysis Report By Type (Unit Load, Mid Load, VLM, Carousel, Mini Load), By Application (Automotive, Metals & Heavy Machinery, Food & Beverages, Chemicals, Healthcare, Semiconductor & Electronics, Retail, Aviation, E-commerce, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/automated-storage-and-retrieval-system-asrs-market

Organizations are under pressure to rely more on machinery for increased productivity and accuracy due to the rapid digitalization occurring around the globe among all industry verticals and a very high production rate. Technology is available at various prices, dimensions, working speeds, compelling designs, and extremely effective placement and retrieving facilities. These sophisticated machine arrangements can be adjusted to specific areas. AS/RS mechanization reduces travel time and makes it simple to manage a variety of product stocks.

The global automated storage and retrieval system (ASRS)  market is anticipated to develop in the upcoming years due to the quick transition to e-commerce platforms, the increasing importance of automated storage systems, and high investments in automating industrial and moving materials activities. Manufacturers have greatly increased their manufacturing to meet this rapidly growing demand. Increased output, however, necessitates the considerable need for economical storage areas in terms of both utilized storage space and expense.

The global automated storage and retrieval system (ASRS) market is segregated based on type, industry, and region. Based on type, the market is classified into a unit load, mid load, VLM, carousel, and mini-load. In 2021, the unit load category dominated the global market. Based on industry, the global market is segmented into automotive, metals & heavy machinery, food & beverages, chemicals, healthcare, semiconductor & electronics, retail, aviation, e-commerce, and others. The food & beverages segments are anticipated to have the highest share in this market in 2021.

The global automated storage and retrieval system (ASRS) market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America dominated the automated storage and retrieval system (ASRS) market in 2021. The increased adoption of big data technologies by businesses to enhance consumer target marketing and risk management capabilities drives regional market growth. Additionally, during the projected period, the region's automated storage and retrieval system (ASRS) market would rise due to the expansion of infrastructure and industrial development, which allowed manufacturers of automated storage systems to increase their penetration in several nations.

Report Scope

Key players in the global automated storage and retrieval system (ASRS) market include DAIFUKU, MURATA MACHINERY, SSI SCHAEFER, TGW LOGISTICS, KARDEX, TOYOTA INDUSTRIES, BEUMER, KION, KNAPP, MECALUX, KUKA, SYSTEM LOGISTICS, VANDERLANDE, HONEYWELL INTERNATIONAL.

Recent Development:

• May 2021: Third Wave Automation and Toyota Industries collaborated to create the next generation of autonomous material handling vehicles. The eventual growth in production and distribution of high-quality goods will result from integrating intelligent robots into material handling machinery.
• August 2020: Alpen Co. Ltd and Murata Machinery Ltd have agreed to work together to build "ALPHABET," Japan's first 3D robot warehouse system. One of the key distribution centers for the Alpen Group, the Alpen Komaki Distribution Center, will use ALPHABET to increase its storage capacity and cut down picking, sorting, and packaging tasks by almost 60%. The system is expected to start working in July 2021.

The global Automated Storage and Retrieval System (ASRS) Market is segmented as follows:

By Type:

• Unit Load
• Mid Load
• VLM
• Carousel
• Mini Load

By Application

• Automotive
• Metals & Heavy Machinery
• Food & Beverages
• Chemicals
• Healthcare
• Semiconductor & Electronics
• Retail
• Aviation
• E-commerce
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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