North America Automated Storage and Retrieval System (ASRS) Market 2021 SWOT Analysis, By Key Players: Daifuku Co. Ltd, - Schaefer Holding International Gmbh, - Dematic Group (KION Group AG)

Market Insights Reports released a new study on 2021-2025 North America Automated Storage and Retrieval System (ASRS) Market with 100+ data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis.

The North America Automated Storage and Retrieval System (ASRS) Market Report provides an in-depth assessment of the given sector’s current position and central factors. The study considers the present scenario of the North America Automated Storage and Retrieval System (ASRS) market and its market dynamics for the period 2021-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

The North America Automated Storage and Retrieval System (ASRS) market was valued at USD 3799.36 million in 2019 and is expected to reach USD 6593.05 million by 2025, at a CAGR of 10.57% over the forecast period 2020 - 2025.

Covid-19 Impact and Recovery Analysis:

The North America Automated Storage and Retrieval System (ASRS) market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.

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Top Key Players in the North America Automated Storage and Retrieval System (ASRS) Market: Daifuku Co. Ltd, - Schaefer Holding International Gmbh, - Dematic Group (KION Group AG), - Murata Machinery Ltd, - Mecalux SA, - Honeywell Intelligrated, - Swisslog AG, - Knapp AG, - Kardex Remster, - Bastian Solutions Inc., - Viastore Systems Inc.

Industry News and Updates:

- APR 2019 - Daifuku announced that it has completed the acquisition of Vega Conveyors & Automation Private Limited, a prominent material handling vendor based in India. The acquisition is expected to strengthen the companys localization strategy and benefit from the growing demand for automation in the Asia-Pacific region.

Market Overview:

- North America is one of the largest markets for automated storage and retrieval systems (ASRS) in the world, led by the United States. The regions manufacturing sector, which is a huge source of demand for the ASRS solutions, hinges on the dominant US economy, which accounts for 82% of the regions economic output.
- The country also has a high trading profile, especially with neighboring countries like Canada and Mexico. In fact, the United States is by far the largest trading partner for both Mexico and Canada, accounting for almost 80% of each countrys exports annually. Owing to such high import and export activities in the country, coupled with the highly active e-commerce sector, the need for warehouse space in the country has grown over the past few years.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

US Holds Prominent Share of the Market

- The US is home to 14,712 airports and Currently, the largest airport in the United States is the Denver International Airport and sees over 31,000,000 passengers every year. The number of storage retrieval systems used in airports in the country holds a significant global share.
- Automotive industry production growth is another significant contributing factor in the country for the growth in demand for ASRS. According to OICA, during fiscal 2018, 17.44 million units were produced in the North America region and over 11 million units were produced in the US alone. Automation in the manufacturing process of the industry is increasing in the country.
- Furthermore, the United States, over the forecast period, is expected to witness strong growth in a number of domestic robotic solutions, owing to the Trumps government policies that aim at increasing domestic production rather than importing finished goods.
- According to RIA estimates, approximately 250,000 robots are now in use in the United States, accounting for the third-highest in the world, just behind Japan and China. With the increase in locally produced robots in the next four years, the manufacturing sector of the country is expected to create a considerable demand for material handling solutions including ASRS - in the country.

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Significant Features and Key Highlights of the Reports:

– Detailed overview of North America Automated Storage and Retrieval System (ASRS) Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of North America Automated Storage and Retrieval System (ASRS) Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

Key questions answered

- Who are the Leading key players and what are their Key Business plans in the Global North America Automated Storage and Retrieval System (ASRS) market?
- What are the key concerns of the five forces analysis of the Global North America Automated Storage and Retrieval System (ASRS) market?
- What are different prospects and threats faced by the dealers in the Global North America Automated Storage and Retrieval System (ASRS) market?
- What are the strengths and weaknesses of the key vendors?

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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