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Global Automated Storage and Retrieval System (ASRS) Market – Industry Trends and Forecast to 2028

  • Semiconductors and Electronics
  • Upcoming Report
  • Aug 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

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

Automated Storage and Retrieval System (ASRS) Market 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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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Automated Storage and Retrieval System (ASRS) Market is projected to grow at a CAGR of 7.71% during the forecast period by 2028.
The key opportunities in the Automated Storage and Retrieval System (ASRS) Market in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, etc.
The major players in the Automated Storage and Retrieval System (ASRS) Market are WESTFALIA-Automotive GmbH, SencorpWhite, Inc, MIAS Group, IHI Corporation, Hänel GmbH & Co. KG, Automation Logistics Corporation, Vanderlande Industries, System Logistics Spa, etc.
The countries covered in the Automated Storage and Retrieval System (ASRS) Market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, etc.
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