Press release
Emerging Growth Trends Driving Expansion in the Automated Storage and Retrieval System Market
Automated Storage and Retrieval System Market
Projected Market Size and Growth Trajectory in the Automated Storage and Retrieval System Market
The automated storage and retrieval system market is anticipated to achieve significant expansion, reaching a value of $16.68 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 8.3% over the forecast period. Several factors are fueling this upward trend, including increased investments in advanced smart warehousing infrastructure, a growing need for speedy order fulfillment, and the broadening implementation of automation in e-commerce logistics. Additionally, the adoption of automated systems in cold storage environments and a heightened emphasis on data-driven warehouse operations contribute to market momentum. Key developments expected to shape this market include the wider deployment of high-density automated warehousing solutions, incorporation of robotics-integrated ASRS platforms, real-time inventory tracking capabilities, modular and scalable storage designs, and improvements aimed at boosting order picking speed and accuracy.
Download a free sample of the automated storage and retrieval system market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6256&type=smp&utm_source=OpenPR&utm_medium=Paid&utm_campaign=Feb_PR
Leading Players Driving the Automated Storage and Retrieval System Market
The automated storage and retrieval system market is dominated by several prominent companies known for their extensive solutions and innovations. Notable players include Schaefer Systems International Pvt. Ltd., Beumer Group, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Kardex Holding AG, Knapp AG, Murata Machinery Singapore Pte. Ltd., TGW Logistics Group, Swisslog Holding AG, Mecalux SA, System Logistics S.p.A., Vanderlande Industries, Westfalia Technologies Inc., KUKA Deutschland GmbH, Toyota Industries Corporation, Viastore Systems GmbH, Bastian Solutions LLC, Conveyor Handling Company Inc., Flexcon Company Inc., Frazier Industrial Company, Hanel Storage Systems, Interlake Mecalux Inc., Kasto Maschinenbau GmbH & Co. KG, KION Group AG, Raymond Corporation, SencorpWhite Inc., Stöcklin Logistik AG, Grey Orange Pte. Ltd., Vecna Robotics Inc., Fives S.A.S., ASYST Automation, and Symbotic.
A significant industry move occurred in January 2023, when Jungheinrich AG, a Germany-based intralogistics solutions provider, acquired Storage Solutions Group for $375 million. This strategic acquisition strengthens Jungheinrich's presence in U.S. warehouse automation by broadening its regional coverage and offering a strong platform for further growth in automated storage solutions.
View the full automated storage and retrieval system market report:
https://www.thebusinessresearchcompany.com/report/automated-storage-and-retrieval-system-global-market-report?utm_source=OpenPR&utm_medium=Paid&utm_campaign=Feb_PR
Innovations and Emerging Trends Transforming the Automated Storage and Retrieval System Market
Manufacturers and solution providers in this market are placing a strong focus on innovations like multi-directional shuttle technology to elevate warehouse automation. This technology enables automated shuttles to move both horizontally and vertically within storage aisles, optimizing pallet and box handling with enhanced flexibility and speed.
For example, in February 2024, Mecalux, a Spain-based storage system supplier, introduced its 3D Automated Pallet Shuttle and Shuttle System. The 3D Automated Pallet Shuttle includes a multi-directional shuttle car capable of navigating different levels within storage channels. This innovation maximizes storage density, productivity, and flexibility for pallet storage setups. Meanwhile, the Shuttle System improves box handling efficiency by streamlining order picking and warehouse processes. These cutting-edge solutions highlight the ongoing drive toward smarter, more compact, and highly productive automated storage technologies.
Detailed Overview of the Automated Storage and Retrieval System Market Segmentation
The global automated storage and retrieval system market is categorized into key segments to reflect its diverse applications and solutions:
By Type:
- Unit Load
- Mid Load
- Vertical Lift Module
- Carousel
- Mini Load
By Function:
- Distribution
- Storage
- Assembly
- Kitting
- Order Picking
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
Further subcategories break down the types as follows:
By Unit Load includes automated storage systems for pallets and large items. Mid Load covers medium-sized items and cases or containers. Vertical Lift Module consists of vertical carousel systems and vertical lift storage systems. Carousel segment includes horizontal and vertical carousels. Mini Load focuses on automated storage systems designed for small parts, totes, and bins.
This comprehensive segmentation highlights the versatility and broad applicability of ASRS technologies across multiple industries and storage needs.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Emerging Growth Trends Driving Expansion in the Automated Storage and Retrieval System Market here
News-ID: 4398503 • Views: …
More Releases from The Business Research Company
In-Depth Examination of Segments, Industry Trends, and Key Players in the Cryoco …
The cryocooler market is poised for significant expansion over the coming years, driven by advancements in various high-tech sectors and growing demand for specialized cooling solutions. This analysis explores the market's anticipated growth, leading players, emerging trends, and the key segments shaping its future trajectory.
Projected Growth and Market Size of the Cryocooler Industry
The cryocooler market is expected to reach a valuation of $4.8 billion by 2030, growing at a…
Segmentation, Major Trends, and Competitive Overview of the Automated Harvesting …
The automated harvesting system industry is entering a phase of rapid expansion, driven by ongoing technological advancements and growing interest in efficient farming solutions. As agriculture continues to evolve, the integration of autonomous technologies is transforming traditional harvesting methods, paving the way for increased productivity and sustainability. Here's an in-depth look at the market's size, key players, industry trends, and segment forecasts shaping its future.
Projected Growth Trajectory of the Automated…
Leading Companies Reinforcing Their Presence in the Cranes Market
The crane industry is positioned for significant expansion in the coming years, driven by technological advancements and increasing infrastructure investments worldwide. This growth is set to transform the landscape of lifting solutions, highlighting trends that emphasize automation, sustainability, and enhanced operational efficiency.
Projected Market Value of the Cranes Market by 2030
The cranes market is anticipated to reach a valuation of $53.52 billion by 2030, growing at a compound annual growth…
Leading Companies Fueling Growth and Innovation in the Atomic Layer Deposition M …
The atomic layer deposition (ALD) market is poised for significant expansion as advanced technology adoption accelerates across various industries. Increasing demand for precision coatings and innovative applications is driving this sector's growth, highlighting its vital role in next-generation manufacturing and research. Let's explore the market size, key players, notable trends, and main segments shaping the future of ALD.
Projected Market Size and Growth of the Atomic Layer Deposition Market
The atomic…
More Releases for Storage
Vehicle Storage Unit Market Size, Trends 2031 By Key Players- U-Haul, CubeSmart, …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: According to Verified Market Reports analysis, the global Vehicle Storage Unit Market size was valued at USD 13.64 Billion in 2023 and is projected to reach USD 22.85 Billion by 2030, growing at a CAGR of 5.90% during the forecasted period 2024 to 2031.
What is the current outlook for the Vehicle Storage Unit Market, and how is it projected to grow?
The Vehicle Storage Unit Market is experiencing robust growth…
Business Storage Market | Access Self Storage, Big Yellow Self Storage Company, …
The global business storage market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the business storage market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth of the…
2023 Business Storage Market Revenue and Future Demands- CubeSmart, Public Stora …
The Business Storage market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with development…
Household Storage Market 2022 by Keyplayers and Vendors:Ward North American, Eas …
The Global Household Storage Market: 2022 has been recently published by the Mr Accuracy Reports. The report offers a cutting edge about the Household Storage market, which helps the business strategists to make the best investment evaluation.
"The recession is going to come very badly . Please get to know your market RIGHT NOW with an extremely important information."
The Household Storage market industry report includes details about the historical analysis…
Video Surveillance Storage Market Growing Up By Storage Technology: Network atta …
Acumen Research and Consulting has announced the addition of the "Video Surveillance Storage Market” report to their offering.
The Video Surveillance Storage Market Report 2018 is an in depth study analyzing the current state of the Video Surveillance Storage Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Video Surveillance Storage Market provides analysis of China market covering…
Self-Storage Software Market Trends, Developments, Future Prospects and Prominen …
The Self-Storage Software Market is a category of management software. It has user-friendly and bendable functions to meet the needs of small to large facilities. Some of the leading self-storage software programs offer structures, such as facility maps, specialized payment options, online access for customers, and gate access integration as well.
You can get a sample copy of this report @ https://www.orianresearch.com/request-sample/1498463
Emergence of cloud-based self-storage software and mobile applications are…
