Press release
Automated Storage & Retrieval System (ASRS) Market: A Deep Dive into the USD 9,450 Million Revenue Forecast by 2031 With CAGR: 7.2%
Automated Storage & Retrieval System (ASRS) Market
Global Automated Storage & Retrieval System (ASRS) Market is an exploration report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. These bits of knowledge offered in the Automated Storage & Retrieval System (ASRS) Market report would benefit request players to define systems for the future and gain a solid situation in the worldwide market request development. Other than this, the specialists have profoundly contemplated distinctive geological regions and introduced a serious situation to help new rivals, driving business sector players and fiscal backers to decide arising economies.
According to Insider Market Research, the Automated Storage & Retrieval System (ASRS) Market size is estimated to increase by USD 9,450 Million at a CAGR of 7.2% from 2024 to 2031. Currently, the market value is pegged at USD 7,351 Million.
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Key Players in the Automated Storage & Retrieval System (ASRS) market:
Honeywell Intelligrated, Daifuku Co., Ltd., Bastian Solutions, Inc., Kardex Group, Beumer Group, Knapp Ag, Tgw Logistics Group, Ssi Schaefer, Murata Machinery, Ltd., Dematic.
Market Leaders & Development Strategies:
Kardex has installed an AutoStore system at the logistics center of VetLogOne, a subsidiary of Wirtschaftsgenossenschaft deutscher Tierarzte eG (WDT). The system, featuring 30 "R5" robots, will be officially inaugurated on May 15, 2024.
On May 27, 2024, Knapp AG introduced AutoPocket, a game-changer in the realm of pocket sorter systems. Previously, these systems only brought items to workstations for manual picking. Now, AutoPocket enhances efficiency by automatically depositing items anywhere in the warehouse while moving at full speed.
Market Drivers:
Increasing Adoption of Automation in Warehousing
Rising Demand for E-commerce
Technological Advancements in Robotics and AI
Market Restraints:
High Initial Investment Costs
Complexity in System Integration
Market Opportunities:
Expansion in Emerging Markets
Customization and Modular Solutions
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Market Segmentation & Coverage:
This research report categorizes the Automated Storage & Retrieval System (ASRS) Market to forecast the revenues and analyze trends in each of the following sub-markets:
Based on Type: The market is segmented into Autostore, Carousel, Mid Load, Mini Load, Unit Load, Vertical Lift Module.
Based on Functions: The market is segmented into Assembly, Distribution, Kitting, Order Picking, Storage, Others.
Based on Industry Vertical: The market is segmented into Aviation, Automotive, Chemicals, Retail & E-Commerce, Food & Beverages, Healthcare & Pharmaceuticals, Metals & Heavy Machinery, Semiconductors & Electronics, Others.
Automated Storage & Retrieval System (ASRS) Market Regional Analysis:
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Automated Storage & Retrieval System (ASRS) in these regions, covering
North America (USA, Canada and Mexico)
Europe (UK, Germany, France and the Rest of Europe)
Asia Pacific (China, Japan, India, and the Rest of the Asia Pacific region)
South America (Brazil, Argentina and the Rest of South America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)
** Note - This report sample includes:
Scope For 2025
Brief Introduction to the research report.
Table of Contents (Scope covered as a part of the study)
Top players in the market
Research framework (structure of the report)
Research methodology adopted by Insider Market Research
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
•Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Key takeaways from the Automated Storage & Retrieval System (ASRS) Market report:
• Detailed consideration of Automated Storage & Retrieval System (ASRS) industry-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
• In-depth study of industry strategies for growth of the Automated Storage & Retrieval System (ASRS) market-leading players.
• Automated Storage & Retrieval System (ASRS) market latest innovations and major procedures.
• Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
• Conclusive study about the growth conspiracy of Automated Storage & Retrieval System (ASRS) market for forthcoming years.
Direct Contact:
Greta Richards
Business Development Manager
Insider Market Research
+1 614 385 1709
Email: greta@insidermarketresearch.com
Website: https://www.insidermarketresearch.com/
About Us:
Insider Market Research, we are dedicated to providing you with the comprehensive insights and detailed analyses you need to leverage the power of data and marketing, ensuring your business stays ahead of the curve.
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