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North American ASRS Market Booming Worldwide with Latest Trend and Future Scope by 2029

09-22-2023 08:25 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

North American ASRS Market Booming Worldwide with Latest Trend

North American Automated Storage and Retrieval System (ASRS) Market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 10.1% during the forecast period. The growth is majorly driven by the increasing application of these systems in end-user industries such as retail, e-commerce, automobile, and healthcare industry among others. In addition, the well-established ICT infrastructure of the region has made a considerable contribution to the growth of automation in several industries of the region. Technologies such as ASRS has been increasingly adopted in various industries since it is a type of warehouse technology in which goods are automatically retrieved and returned to storage. This is typically achieved by combining the technology with Warehouse Execution Software (WES) that manages the process and assists warehouse staff while processing orders. 

The development of technological infrastructure in major economies of North America such as the US and Canada along with increasing automation in warehouses are making a considerable contribution towards the growth of the ASRS market in the region. Canada is anticipated to make a considerable contribution to market growth. The application of ASRS in the e-commerce and manufacturing industry is widely adopted and boosted the market growth in the country. The e-commerce industry in Canada has been flourishing due to rapid urbanization and cohesive government policies. With the increasing e-commerce industry, the demand for easy storage and retrieval of these products has also been increased in the country.

The North American 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.

To Request a Sample of our Report on North American ASRS Market:  https://www.omrglobal.com/request-sample/north-american-asrs-market

North American 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 North American ASRS Market is Available @  https://www.omrglobal.com/industry-reports/north-american-asrs-market

Regional Analysis

United States
Canada

Company Profiles

Automation Logistics Corp.
BEUMER Group
Dearborn Mid-West Co. LLC
Green Automated Solutions, Inc.
Hänel Storage Systems
Honeywell International, Inc.
MECALUX Group
Modula, Inc.
Schaefer Systems International, Inc.
The Raymond Corp.
Westfalia Technologies, Inc.

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.

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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.

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