Global Automated Storage and Retrieval System (ASRS) Market, By Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load, Auto store), Function (Storage, Order Picking, Distribution, Assembly, Kitting, Others), Industry (Automotive, Metals and Heavy Machinery, Food and Beverages, Chemicals, Healthcare, Semiconductors and Electronics, Retail, Aviation, E-Commerce, and Others), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automated Storage and Retrieval System (ASRS) Market
The automated storage and retrieval system (ASRS) market is expected to witness market growth at a rate of 7.71% in the forecast period of 2021 to 2028. Data Bridge Market Research report on automated storage and retrieval system (ASRS) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for automated storage and retrieval system in the automotive industry is escalating the growth of the automated storage and retrieval system (ASRS) market.
Automated storage and retrieval systems (ASRS) is referred to be the main part of many warehouse automation system that has the aptitude to sequence, sort, buffer, and store an extensive range of goods into almost unlimited destinations. It is mostly comprised of retrieval and storage machines, conveyor interface, rack structure, and warehouse control system.
Major factors that are expected to boost the growth of the automated storage and retrieval system (ASRS) market in the forecast period are the rise in the need for automated storage and retrieval system (ASRS) in e-commerce because of the onset of COVID-19. Furthermore, the optimum use of space and the increase in labor costs is further anticipated to propel the growth of the automated storage and retrieval system (ASRS) market. Moreover, the enhanced precision, productivity, and effectiveness in the supply chain and better inventory control are further estimated to cushion the growth of the automated storage and retrieval system (ASRS) market. On the other hand, the rise in the need for large initial investment is further projected to impede the growth of the automated storage and retrieval system (ASRS) market in the timeline period.
In addition, the increase in the need for cold chain automated storage and retrieval system (ASRS) will further provide potential opportunities for the growth of the automated storage and retrieval system (ASRS) market in the coming years. However, the technical glitches halt operational processes and upsurge the downtime might further challenge the growth of the automated storage and retrieval system (ASRS) market in the near future.
This automated storage and retrieval system (ASRS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automated storage and retrieval system (ASRS) market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Automated Storage and Retrieval System (ASRS) Market Scope and Market Size
The automated storage and retrieval system (ASRS) market is segmented on the basis of type, function, and industry. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the automated storage and retrieval system (ASRS) market has been segmented into a unit load, mini load, vertical lift module, carousel, mid load, and auto store
- On the basis of function, the automated storage and retrieval system (ASRS) market has been segmented into storage, order picking, distribution, assembly, kitting, and others.
- On the basis of industry, the automated storage and retrieval system (ASRS) market has been segmented into automotive, metals and heavy machinery, food and beverages, chemicals, healthcare, semiconductors and electronics, retail, aviation, e-commerce, and others
Automated Storage and Retrieval System (ASRS) Market Country Level Analysis
The automated storage and retrieval system (ASRS) market is analyzed, and market size, volume information is provided by country, type, function, and industry as referenced above.
The countries covered in the automated storage and retrieval system (ASRS) market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the automated storage and retrieval system (ASRS) market due to the increase in the acceptance of big data technologies amongst organizations to improve consumer target marketing and risk management abilities. Furthermore, the growth of the infrastructure and industrial development allowed the automated storage system manufacturers to expand their penetration in several countries will further boost the growth of the automated storage and retrieval system (ASRS) market in the region during the forecast period. Asia-Pacific is projected to observe a significant amount of growth in the automated storage and retrieval system (ASRS) market due to the rise in the development of automotive, food and beverages, and healthcare industries in the advancing countries. Moreover, the occurrence of the major key player is further anticipated to propel the growth of the automated storage and retrieval system (ASRS) market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automated Storage and Retrieval System (ASRS) Market Share Analysis
The automated storage and retrieval system (ASRS) market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the automated storage and retrieval system (ASRS) market.
The major players covered in the automated storage and retrieval system (ASRS) market report are WESTFALIA-Automotive GmbH, SencorpWhite, Inc, MIAS Group, IHI Corporation, Hänel GmbH & Co. KG, Automation Logistics Corporation, Vanderlande Industries, System Logistics Spa, Swisslog Holding AG, Mecalux, S.A., KNAPP AG, Dematic, BEUMER GROUP, Bastian Solutions, Inc., TGW Logistics Group, Fritz SchAfer GmbH, Kardex Group, Daifuku Co., Ltd, Nilkamal and Murata Machinery, Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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