Automated Storage and Retrieval System Market to Grow at a CAGR of US$ 29.4 Billion during 2023-2028 - Report by IMARC Group

According to IMARC Group's latest report, titled "𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐚𝐧𝐝 𝐑𝐞𝐭𝐫𝐢𝐞𝐯𝐚𝐥 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭: 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗧𝗿𝗲𝗻𝗱𝘀, 𝗦𝗵𝗮𝗿𝗲, 𝗦𝗶𝘇𝗲, 𝗚𝗿𝗼𝘄𝘁𝗵, 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 2023-2028", the automated storage and retrieval system market reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.4 Billion by 2028, exhibiting a CAGR of 6.9% during 2023-2028.

Automated storage and retrieval system (ASRS) represents a computer-controlled device that places and recovers loads from specified storage locations accurately in a facility. It comprises carousels, vertical lift modules (VLMs), shuttles, cranes, micro-loads, mini-loads, unit-loads, warehouse execution software (WES), warehouse management software (WMS), etc. In line with this, automated storage and retrieval system offers various benefits, such as reclaiming unused vertical space, increasing inventory storage density, improving ergonomics and safety, enhancing throughput, reducing labor costs, efficient use of floor space, etc. Consequently, it finds wide-ranging applications in numerous industries, including automotive, aviation, chemical, e-commerce, food and beverage (F&B), healthcare, etc.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗳𝗿𝗲𝗲 𝘀𝗮𝗺𝗽𝗹𝗲 𝗯𝗿𝗼𝗰𝗵𝘂𝗿𝗲: https://www.imarcgroup.com/automated-storage-retrieval-system-market/requestsample

𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐚𝐧𝐝 𝐑𝐞𝐭𝐫𝐢𝐞𝐯𝐚𝐥 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

The escalating demand for precise, fast, and efficient fulfillment of in-store retailing to ensure customer satisfaction is primarily driving the automated storage and retrieval system market. Additionally, the emerging trend of industrial automation for improving productivity and quality while reducing errors, increasing safety, adding flexibility to the manufacturing process, etc., is further catalyzing the market growth. Besides this, the widespread adoption of automated storage and retrieval system in the e-commerce sector, owing to ease of selling internationally, retargeting customers, personalization of the buying experience, etc., is acting as another significant growth-inducing factor.

Moreover, the rising utilization of automated storage and retrieval systems by small and mid-size enterprises (SMEs) to reduce human interaction is positively influencing the global market. Apart from this, continuous technological advancements in ASRS assisted by cutting-edge sensors are also stimulating the market growth. Furthermore, extensive investments by government bodies in the development of digital infrastructures are anticipated to fuel the automated storage and retrieval system market over the forecasted period.

𝗖𝗵𝗲𝗰𝗸𝗼𝘂𝘁 𝗡𝗼𝘄: https://www.imarcgroup.com/checkout?id=5862&method=1

𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐚𝐧𝐝 𝐑𝐞𝐭𝐫𝐢𝐞𝐯𝐚𝐥 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 2023-2028 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

The competitive landscape of the automated storage and retrieval system market has been studied in the report with the detailed profiles of the key players operating in the market.

𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲:

Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Kardex Group, Knapp AG, Mecalux S.A., Murata Machinery Ltd., Schaefer Systems International Pvt Ltd, System Logistics S.p.A. (Krones AG), TGW Logistics Group, Toyota Industries Corporation and Viastore Systems.

𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

The report has segmented the automated storage and retrieval system market bases on the type, load, application and end user.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐓𝐲𝐩𝐞:

Vertical Lift Modules
Carousels
Horizontal Carousels
Vertical Carousels
Crane-Based
Vertical Buffer Modules
Robotic Shuttles
Floor Robots

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐋𝐨𝐚𝐝:

Unit-Load ASRS
Fixed-Aisle ASRS
Movable-Aisle ASRS
Mini-Load ASRS
Micro-Load ASRS

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

Storage
Order Picking
Kitting
Buffering
Others

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫:

Automotive
Semiconductor and Electronics
General Manufacturing
Retail and Warehousing or Logistics
Aviation
Chemicals, Rubber and Plastics
Healthcare and Pharma
Food and Beverage
Postal and Parcel
Others

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

𝗔𝘀𝗸 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗳𝗼𝗿 𝟭𝟬% 𝗳𝗿𝗲𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝗱 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/automated-storage-retrieval-system-market

𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

IMARC Group
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Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
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𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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This release was published on openPR.