North America Automated Storage and Retrieval System (ASRS) Market 2022 Latest Trends and Growth Analysis- Daifuku Co. Ltd, Schaefer Holding International Gmbh, Dematic Group, Murata Machinery Ltd.

The North America Automated Storage and Retrieval System (ASRS) Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the North America Automated Storage and Retrieval System (ASRS) market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the North America Automated Storage and Retrieval System (ASRS) market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the North America Automated Storage and Retrieval System (ASRS) market.

The North America Automated Storage and Retrieval System (ASRS) market was valued at USD 3809.9 million in 2020 and is expected to reach USD 5864.6 million by 2027, at a CAGR of 9.01% over the forecast period 2022 - 2027. 

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Top Leading Companies of North America Automated Storage and Retrieval System (ASRS) Market are - 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. and others.

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 company's localization strategy and benefit from the growing demand for automation in the Asia-Pacific region.

Key Market Trends:

The Growing Retail Industry in the Region is Expected to Augment the Demand

- North America's retail market is one of the largest in the world. The country has a high presence of omnichannel vendors that stand to be one of the largest consumers of material handling solutions, such as ASRS. The demand for ASRS is especially high from the e-commerce establishments that require high throughput operations in their fulfillment centers.
- The United States stands to be one of the major retail markets in the region. It is estimated that more than two-thirds of the country's GDP is generated from retail consumption every year. In case of the country's e-commerce sector, the sales growth continues to increase more than the physical stores. With automation being the key differentiating factor, there is an increasing competition between online and omnichannel retailers.

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.

Investigator Observers Strong Growth in Specific Regions:

- Europe Market (Germany, UK, France, Russia, Italy)

- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

- South America Market (Brazil, Argentina, Colombia)

- North America Market (United States, Canada, Mexico)

- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- North America Automated Storage and Retrieval System (ASRS) Market Size & Analysis (2017 - 2027)
- Market Share Analysis of North America Automated Storage and Retrieval System (ASRS) Market (%),2017 - 2027
- North America Automated Storage and Retrieval System (ASRS) Market Share, By Brand
- North America Automated Storage and Retrieval System (ASRS) Market Share, By Company
- North America Automated Storage and Retrieval System (ASRS) Market Assessment & Opportunity (Value),2017 - 2027
- Major Companies North America Automated Storage and Retrieval System (ASRS) Market Value Analysis & Forecast
- Promising North America Automated Storage and Retrieval System (ASRS) Development by Major Companies
- Detailed North America Automated Storage and Retrieval System (ASRS) Portfolio of the Major Companies
- Major Deals in the North America Automated Storage and Retrieval System (ASRS) Market
- Major Companies Analysis

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