Press release
Automated storage and retrieval system (ASRS) Market to 2027 | Bastian Solutions, Inc., Daifuku Co., Ltd., KION GROUP AG, Kardex Group, Knapp AG, Mecalux, S.A.
The global automated storage and retrieval system (ASRS) market was valued at US$ 2.3 Bn in 2018 and is expected to reach US$ 4.6 Bn by 2027 with a CAGR growth rate of 8.0% in the forecast period from 2019 to 2027. Over the years, ASRS technology has rapidly developed, new options offer a wide range of size, cost, speed, and flexibility, and has escalated the rate of system adoption. It has made ASRS technologies one of the most common and impactful investment prospects available to most operations.Get Free PDF Sample Brochure @ https://decisionmarketreports.com/request-sample/1313262
Some of the key players in the automated storage and retrieval system automated storage and retrieval system (ASRS) market include Bastian Solutions, Inc., Daifuku Co., Ltd., KION GROUP AG, Kardex Group, Knapp AG, Mecalux, S.A., SSI Schaefer Group, Swisslog Holding AG, System Logistics Spa, and Vanderlande Industries, among others. Many companies are investing in ASRS owing to the potential improvements related to the accuracy, operational efficiency, and timely order fulfillment, thereby helping them to enhance customer retention rate and compete efficiently in the market.
Other Market Players from Value Chain:
Murata Machinery, Ltd, TGW Logistics Group, Dematic, Beumer Group, IHI Corporation, SencorpWhite, Inc, Westfalia Technologies Inc, and Automation Logistics Corporation, are some of the other market players from value chain which are not profiled in the report but the can be included based on request.
Know More About Research Methodology @ https://decisionmarketreports.com/request-methodolgy/1313262
The APAC region is expected to witness the highest CAGR during the forecast period. The rapid growth in healthcare, retail, food & beverage, and automotive industry is expected to fuel the demand for automated storage and retrieval system (ASRS). The industries in the APAC region are rapidly adopting automation, resulting in the growth of the automated storage and retrieval system automated storage and retrieval system (ASRS) market. The growth of the e-commerce industry in the APAC region is another significant factor impacting the automated storage and retrieval system (ASRS) market. Several automotive players are expanding their manufacturing capabilities in the region. For example, Hyundai announced plans to open a new facility in Indonesia for electric cars. Moreover, Tesla is developing its new electric car factory in China. These developments in the automotive industry are expected to boost the automated storage and retrieval system (ASRS) market in the APAC region.
The European region is estimated to lead the automated storage and retrieval system (ASRS) market in 2018. The growth in Europe is attributed to the presence of several automated storage and retrieval system (ASRS) players in the region, coupled with a substantial customer base. Also, significant investments made by automotive players in the automated material handling equipment is driving the installation of automated storage and retrieval system (ASRS). Even the cost of implementing automation is declining in Europe, along with the increase in labor costs.
The automated storage and retrieval system automated storage and retrieval system (ASRS) market is segmented on type and end-use industry. Based on the type, the automated storage and retrieval system automated storage and retrieval system (ASRS) market is classifies into unit load ASRS, mini load ASRS, vertical carousels, horizontal carousels, vertical lift modules, AutoStore, and others. Based on end-use industry, the automated storage and retrieval system automated storage and retrieval system (ASRS) market is segmented into the automotive, F&B, electronics & semiconductors, retail, e-commerce, chemicals, aerospace, pharmaceuticals, and others. The pharmaceutical segment is anticipated to witness a highest CAGR in the automated storage and retrieval system automated storage and retrieval system (ASRS) market during the forecast period. This industry is another critical industry where a lot of importance is given to maintain proper hygiene of stored products. ASRS provides dust protection, climate control, and humidity control of stored products, which is not possible to achieve with a traditional ASRS. Thus, the pharmaceutical sector is highly investing in ASRS to maintain proper hygiene required for products as well as effective and efficient storage and retrieval functions.
The pharmaceutical industry has been one of the highly regulated industries for 100% quality control compared to any other industry. Precision is one of the essential aspects of any production activity. Extreme hygienic conditions are required in any pharmaceutical manufacturing process. ASRS, such as VLMs, offers a dust-protection concept to safeguard these products to come in contact with any foreign particles. Also, the trays in the VLMs can be effectively divided from each other to ensure that different products are stored separately.
Gasper James
304, S Jones Blvd,
Las Vegas,
NV 89107, USA
US Toll-Free +18666051052
Email: sales@decisionmarketreports.com
Web: http://decisionmarketreports.com/
Decision Market Reports is a one-stop solution, covers market research studies of all the industries, companies and regions. DMR aims at providing quality research, and insights about every market to helps our clients in taking right decisions. Our repository consists of most trending industry reports, niche areas, and leading company profiles. A comprehensive collection of reports is updated daily to offer hassle-free access to our latest updated report databases.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automated storage and retrieval system (ASRS) Market to 2027 | Bastian Solutions, Inc., Daifuku Co., Ltd., KION GROUP AG, Kardex Group, Knapp AG, Mecalux, S.A. here
News-ID: 1966104 • Views: …
More Releases from Decision Market Reports
Digital Claims Management Market Demand and Trends by Type, Application and Spec …
Global Digital Claims Management Market Forecast 2021-2030 Report provides an in-depth research on the fast-evolving Digital Claims Management Market. The Competitive analysis of the leading companies has been highlighted in the report along with the regional overview & global outlook of the market till 2030.
With a vision to deliver in depth analysis of Global Digital Claims Management Market, MRD has covered extensive analysis of Product Type and Application along with…
Low Power Wide Area Network (LPWAN) Market Worth USD 78 Billion By 2027| AT&T, A …
Low Power Wide Area Network (LPWAN) Market 2021 : The Report Titled on “Low Power Wide Area Network (LPWAN) Market” provides in-depth review of the Growth, Drivers, Potential Challenges, Unique Trends and Opportunities for market participants equip readers to fully comprehend the overall landscape of the Low Power Wide Area Network (LPWAN) industry.
“Global Low Power Wide Area Network (LPWAN) Market” report offers a complete analysis of the market. It will thus via…
Online Therapy Services Market Predicted to Grow by 2025 Competitive Analysis an …
Global Online Therapy Services Market Forecast 2021-2030 Report provides an in-depth research on the fast-evolving Online Therapy Services Market. The Competitive analysis of the leading companies has been highlighted in the report along with the regional overview & global outlook of the market till 2030.
With a vision to deliver in depth analysis of Global Online Therapy Services Market, MRD has covered extensive analysis of Product Type and Application along with…
Global Cardiac Biomarkers Testing Market In-depth Analysis with Strong Applicati …
Global Cardiac Biomarkers Testing Market Forecast 2021-2030 Report provides an in-depth research on the fast-evolving Cardiac Biomarkers Testing Market. The Competitive analysis of the leading companies has been highlighted in the report along with the regional overview & global outlook of the market till 2030.
With a vision to deliver in depth analysis of Global Cardiac Biomarkers Testing Market, MRD has covered extensive analysis of Product Type and Application along with…
More Releases for ASRS
Key Influencer in the ASRS For Garments On Hangers Market 2025: E-Commerce Boom …
"What Is the Forecasted Market Size and Growth Rate for the ASRS For Garments On Hangers Market?
The ASRS for garments on hangers market has experienced strong growth in recent years. It is expected to expand from $1.9 billion in 2024 to $2.08 billion in 2025, at a compound annual growth rate (CAGR) of 9.5%. The historical growth can be attributed to the rise of retail and e-commerce, increasing environmental awareness,…
Germany ASRS Market 2023 Driving Factors Forecast Research 2029
The German automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of over 10.0% during the forecast period. This Germany ASRS Market research report focuses more on a number of distinctive as well as foremost market sectors. It further focuses market segmentation. Industry-specific interviews are carried out with market players to foresee future business growth. Various facets of the industry are also depicted here under…
US ASRS Market 2023 Driving Factors Forecast Research 2029
The US automated storage and retrieval system (ASRS) market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 10.2% during the forecast period. US ASRS Market report provides us with a complete outlook on thorough assessment of thorough data about vital feature of the global industry related to market size, revenue, development and market sales. This study report captures regulatory…
Indian ASRS Market 2023 Driving Factors Forecast Research 2029
The Indian automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 12.7% during the forecast period. Indian ASRS Market report provides us with a complete outlook on thorough assessment of thorough data about vital feature of the global industry related to market size, revenue, development and market sales. This study report captures regulatory concerns and entry barriers that greatly affect the market growth. This…
China ASRS Market to Witness Robust Expansion by 2029
China automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 11.3% during the forecast period. The major factors that are driving the China ASRS market include the rising focus of the warehousing companies towards automation and the significant growth of e-commerce and retail industries in the country. China has rapidly positioned itself as a global leader in terms of automation. According to the International…
US ASRS Market 2023 Driving Factors Forecast Research 2029
The US automated storage and retrieval system (ASRS) market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 10.2% during the forecast period. The growth of the market is majorly driven by the increasing application of these systems in end-user industries such as retail, e-commerce, automobile, and healthcare industry among others. In addition, the well-established ICT infrastructure of the country…
