Automated Storage and Retrieval System Market by Type (Autostore, Carousel, Mid Load, Mini Load, Unit Load, and Vertical Lift Module), Function (Assembly, Distribution, Kitting, Order Picking, Storage, and Others), Industry Vertical (Aviation, Automotive, Chemicals, Retail & E-Commerce, Food & Beverages, Healthcare & Pharmaceuticals, Metals & Heavy Machinery, Semiconductors & Electronics, and Others), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The Automated Storage and Retrieval System (ASRS) Market size is projected to reach a CAGR of 7.9% from 2022 to 2028.
Automated storage & retrieval systems are inventory management systems commonly used in manufacturing centers, distribution facilities, and warehouses. They consist of variety of computer-controlled systems for automatically placing and retrieving loads from one site to another. These systems are used where high-volume loads are to be moved from one location to another, as they help provide quick, accurate, reliable, and low-cost solutions.
Maximized storage capacity, increased warehouse efficiency, lower energy consumption, less waste, and lower maintenance costs, and potential lifespan of 20–25+ years are some of the factors that have supported long-term expansion for Automated Storage and Retrieval System (ASRS) Market.
The growth of automated storage and retrieval systems market is expected to decline due to restriction on mobility cross the globe and disrupted supply chain amid lockdown due to Covid-19 pandemic outbreak.
North America dominated the global automated storage and retrieval system market. The growth of the region is attributed to the presence of a key market players, such as Microsoft Corporation, IBM Corporation, Amazon web services, and others.
Insights are provided for each region and major countries within the regions
Report Feature |
Descriptions |
---|---|
Growth Rate |
CAGR of 7.9% during the forecasting period, 2022-2028 |
Historical Data |
2019-2020 |
Forecast Years |
2022-2028 |
Base Year |
2021 |
Units Considered |
Revenue in USD billion and CAGR from 2022 to 2028 |
Report Segmentation |
industry vertical, type and region. |
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
Companies Profiled |
Bastian Solutions, Inc., Beumer Group, Daifuku Co., Ltd., Dematic, Honeywell Intelligrated, Kardex Group, KNAPP AG, Murata Machinery, Ltd., SSI Schaefer Group, and TGW Logistics Group. |
Available Customization |
In addition to the market data for Automated Storage and Retrieval System (ASRS) Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Automated Storage and Retrieval System (ASRS) Market is segmented into industry vertical, type and region.