TechDogs-"Automated Storage And Retrieval System Global Market Report 2023: Sector To Reach $29.4 Billion By 2028 At A CAGR Of 7.08% - ResearchAndMarkets.com"

Market Research

Automated Storage And Retrieval System Global Market Report 2023: Sector To Reach $29.4 Billion By 2028 At A CAGR Of 7.08% - ResearchAndMarkets.com

By TechDogs

TechDogs
Overall Rating

DUBLIN--(BUSINESS WIRE)--The "Automated Storage and Retrieval System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global automated storage and retrieval system market size reached US$ 19.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 29.4 Billion by 2028, exhibiting a CAGR of 7.08% during 2022-2028.

Companies Mentioned

  • 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
  • Viastore Systems

Automated storage and retrieval system (ASRS) is a computer-controlled device that places and recovers loads from specified storage locations accurately in a facility. It consists of shuttles, cranes, carousels, vertical lift modules (VLMs), micro-loads, mini-loads, unit-loads, warehouse execution software (WES) and warehouse management software (WMS).

It offers several advantages, such as efficient use of the floor space, reclaiming unused vertical space, increasing inventory storage density, improving ergonomics and safety, enhancing throughput, and reducing labor costs. As a result, it finds extensive applications in the aviation, automotive, chemical, e-commerce, food and beverage (F&B), and healthcare industries.

At present, there is a rise in the demand for fast, precise, and efficient fulfillment of in-store retailing to ensure customer satisfaction across the globe. This, along with the growing industrial automation for improving productivity and quality while increasing safety, reducing errors, and adding flexibility to the manufacturing process, represents one of the key factors driving the market. Moreover, there is a rise in technological advancements in ASRS assisted by cutting-edge sensors.

This, coupled with the escalating demand for enhanced storage systems in various industries, is propelling the growth of the market. In addition, governments of several countries are extensively investing in developing digital infrastructure, which is positively influencing the market.

Besides this, the increasing order volume in the e-commerce sector due to ease of selling internationally, retargeting customers, and personalization of the buying experience is offering lucrative growth opportunities to industry investors. Apart from this, the increasing utilization of ASRS by small and mid-size enterprises (SMEs) to reduce human interaction is bolstering the growth of the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global automated storage and retrieval system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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

Key Questions Answered in This Report:

  • How has the global automated storage and retrieval system market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global automated storage and retrieval system market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the load?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global automated storage and retrieval system market and who are the key players?
  • What is the degree of competition in the industry?

For more information about this report visit https://www.researchandmarkets.com/r/9afdq9-storage?w=4-storage?w=4-storage?w=4

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

First published on Thu, Mar 2, 2023

Enjoyed what you read? Great news – there’s a lot more to explore!

Dive into our content repository of the latest tech news, a diverse range of articles spanning introductory guides, product reviews, trends and more, along with engaging interviews, up-to-date AI blogs and hilarious tech memes!

Also explore our collection of branded insights via informative white papers, enlightening case studies, in-depth reports, educational videos and exciting events and webinars from leading global brands.

Head to the TechDogs homepage to Know Your World of technology today!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. While we aim to provide valuable and helpful information, some content on TechDogs' site may not have been thoroughly reviewed for every detail or aspect. We encourage users to verify any information independently where necessary.

Join The Discussion

- Promoted By TechDogs -

Join Our Newsletter

Get weekly news, engaging articles, and career tips-all free!

By subscribing to our newsletter, you're cool with our terms and conditions and agree to our Privacy Policy.

  • Dark
  • Light