Press release
Sales of Automated Storage And Retrieval Systems (ASRS) Is Expected To Reach US$ 24 Billion By 2032
The comprehensive market study on automated storage and retrieval systems focuses on both macroeconomic and microeconomic factors that support market growth. The regulatory environment that is influencing the future of the global market is another major focus of the report. Additionally, the research report takes into account the global market's upcoming investment opportunities, emerging application areas, and pricing structure.
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Rising Demand For Automated Storage and Retrieval Systems
As the need for effective and affordable storage solutions grows, automated storage and retrieval systems (ASRS) are becoming more and more in demand. A number of industries, including manufacturing, warehousing, and distribution, use ASRS systems. These systems are made to quickly and precisely store and retrieve items, lowering the need for manual labour and raising productivity. Due to their capacity to lower labour, energy, and space costs, ASRS systems are also growing in popularity. Additionally, ASRS systems are developing at a faster rate, enabling more customization and flexibility. Businesses are investing in automated storage and retrieval systems as the demand for them rises in order to enhance their operations and stay competitive.
Automated Storage and Retrieval Systems Market
Key Segments
• By Type
o Unit-load AS/RS
o Mini-load AS/RS
o Vertical Lift Modules (VLMs)
o Horizontal Carousels
o Vertical Carousels
o Shuttle- and Bot-based AS/RS
o Micro-Load (Stocker)
• By Category
o Standalone
o Integrated
• By Industry
o Automotive
o Food and Beverage
o Electrical and Electronics
o Healthcare
o Retail and e-commerce
o Others
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Competitive Landscape
Market players in automated storage and retrieval systems business have mainly opted for growth oriented strategies which includes implementation rate of automation technology. In addition, branding and continuous technical advancements in the aforementioned technology hits the top position in their priority list. These strategies are helping the global players to expand their regional footprint and garner maximum market share thus providing technical advantage.Fact.MR has provided detailed information about price points of top service providers of automated storage and retrieval systems positioned across regions, implementation growth, and speculative technological growth in the recently published report.
• Daifuku North America's owned subsidiary, Wynright Corporation expanded its operational facilities in Hobart, by 2021 end with an aim of manufacturing intelligent material handling framework.
• In 2019, Japan's Daikfuku wholly owned Vega Automation Corporation with an aim to update warehouse infrastructure in India.
• Vanderlande Industries delivered its first ever ADAPTO shuttle based AS/RS system being its largest automated storage and retrieval system ever sold to Leroy Merlin in 2021.
Similar, recent developments related to companies offering in big data analytics technology have been tracked by the team at Fact.MR, which are available in the full report.
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Key Companies
• Daifuku Co., Ltd.
• Murata Machinery
• Dematic GmbH & Co. KG
• Vanderlande Industries
• TGW Logistics Group
• System Logistics Spa
• Westfalia Technologies, Inc.,
• Honeywell Intelligrated
• Swisslog Holding AG
• Invata Intralogistics, Inc.
• AutoStore
• Ocado Group
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