Indian ASRS Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Indian automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 12.7% during the forecast period. India is anticipated to showcase a considerable growth opportunity in the ASRS market during the forecast period. Adoption of various government policies to drive AI innovation such as digital India, and proliferation in various sectors such as IT, healthcare, and consumer goods had offered significant opportunities for the automation of India's industrial sector. Various campaigns such as Make in India with the intent to decrease the import and increase the export from the country have supported the growth of the manufacturing sector of India.

Moreover, global players are bringing smart factory solutions in India to increase manufacturing. For instance, in April 2019, Panasonic announced its plan to bring its smart factory solutions in India. The company has integrated its welding business and SMT (Surface Mount Technology) equipment business for becoming an end-to-end integrated Smart Manufacturing Solutions company. The ASRS has its wide utility in the manufacturing sector ranging from the manufacturing of goods to the supply chain management of the manufactured goods. Therefore, the manufacturing industry in India is anticipated to make a major contribution to the growth of the ASRS market in the country. 

Indian ASRS market is segmented on the basis of type and industry. On the basis of type, the market is segmented into the unit load, mini load, vertical lift module (VLM), carousel, and auto store. Mini load ASRS handles totes, trays, and cartons rather than full pallets. Mini load ASRS is used considerably in retail, e-commerce and 3PL providers. Based on the industry, the market is automotive; chemical, metals & heavy machinery; food & beverages; healthcare; retail, third-party logistics (3PL), and e-commerce; and others such as aviation and manufacturing. Innovative product launches, huge investment in R&D, mergers and acquisition, and partnerships among companies are the key growth strategies that are actively adopted by the companies to remain competitive in the market. 

To Request a Sample of our Report on Indian ASRS Market:  https://www.omrglobal.com/request-sample/indian-asrs-market

Indian ASRS Market Segmentation

By Type

Unit Load
Mini Load
Vertical Lift Module
Carousel
Auto Store

By Industry

Automobile
Chemical, Metals & Heavy Machinery
Food & Beverages
Healthcare
Retail, Third-Party Logistics, and E-Commerce
Others (Aviation, Manufacturing Industry)

A full Report of Indian ASRS Market is Available @  https://www.omrglobal.com/industry-reports/indian-asrs-market

Company Profiles

Bastian Solutions, LLC 
Daifuku Co., Ltd.
Godrej Consoveyo Logistics Automation Ltd.
Kardex Group
KION Group AG
KUKA AG
Murata Machinery Ltd.
Pennar Industries Ltd.
Toyota Industries Corp.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

https://www.culturespace.co.kr/news-%eb%ac%b8%ed%99%94%e8%a1%97/%ec%95%84%ec%8b%9c%ec%95%84-%ed%83%9c%ed%8f%89%ec%96%91-%ec%98%a8%eb%9d%bc%ec%9d%b8-%ec%97%94%ed%84%b0%ed%85%8c%ec%9d%b8%eb%a8%bc%ed%8a%b8-%ec%8b%9c%ec%9e%a5-2023-2029%eb%85%84-%ea%b0%95%eb%a0%a5/178269/
https://perualdia.net/el-mercado-europeo-de-entretenimiento-en-linea-generara-ingresos-record-para-2029/
https://monblogapple.com/2023/07/05/marche-mondial-des-ingredients-laitiers-analyse-de-lindustrie-demande-future-et-previsions-jusquen-2029/

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.