PUBLISHER: Value Market Research | PRODUCT CODE: 1288892
PUBLISHER: Value Market Research | PRODUCT CODE: 1288892
The global demand for Automated Storage And Retrieval System (ASRS) Market is presumed to reach the market size of nearly USD 18.2 MN by 2030 from USD 8.87 MN in 2022 with a CAGR of 9.4% under the study period 2023 - 2030.
Automated storage and retrieval systems are extensively employed in production centers, distribution centers, and warehouses as inventory management systems. They are made up of a range of computer-controlled systems that automatically place and retrieve cargo from one location to another. These systems are employed where high-volume loads are transferred from one site to another since they help provide quick, accurate, dependable, and low-cost solutions. Due to the correct, safe, and steady handling of large objects, unit load automated storage-retrieval systems are widely employed in the automotive, food & beverage, chemicals, e-commerce, semiconductors & electronics, and healthcare industries. Manufacturers of automated storage and retrieval systems strive to provide expanded storage capacity, improved performance, lower energy costs, and improved inventory accuracy and customer service.
With the increased demand for automation in all industrial areas, the adoption of automated systems has exploded. Automation solutions are increasingly being used by businesses to help them offer high-quality products, expand their manufacturing capacity, better serve their customers, and manage their processes more efficiently. This element contributes to the expansion of automated storage and retrieval systems market share. Furthermore, as organizations employ big data technologies to improve consumer target marketing and risk management skills, the ASRS market is predicted to rise. As a result of continual innovation and breakthroughs in technology in consumer electronic devices, artificial intelligence, the IoT, and virtual reality have increased demand. This demand is a significant driver of the automated storage and retrieval systems market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automated storage and retrieval system (asrs). The growth and trends of automated storage and retrieval system (asrs) industry provide a holistic approach to this study.
This section of the automated storage and retrieval system (asrs) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Automated Storage And Retrieval System (ASRS) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automated storage and retrieval system (asrs) market include Daifuku Co. Ltd., SSI Schaefer Group, Murata Machinery, Knapp AG, TGW Logistics Group GmbH, Kardex Group, Mecalux SA, System Logistics Corporation, KUKA AG, Toyota Industries Corporation, Viastore Systems GmbH, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.