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Automated Storage and Retrieval Systems (ASRS) Market: Meticulous Research® Reveals why this Market is Expected to Reach $10.3 Billion by 2027 at a CAGR of 6.0%.

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Automated Storage and Retrieval Systems (ASRS) Market: Meticulous Research® Reveals why this Market is Expected to Reach $10.3 Billion by 2027 at a CAGR of 6.0%.

August 19
21:30 2021
Automated Storage and Retrieval Systems (ASRS) Market: Meticulous Research® Reveals why this Market is Expected to Reach $10.3 Billion by 2027 at a CAGR of 6.0%.
Automated Storage and Retrieval Systems (ASRS) Market will Register a CAGR of 6.0% from 2020 to 2027 to Reach $10.3 Billion by 2027.
Automated Storage and Retrieval Systems Market by Load (Unit, Mini, Micro), Type (VLM, Carousel, VBM, Shuttle), Application, End-user (Automotive, Healthcare, Food and Beverage, Semiconductor, Manufacturing, Retail, Warehousing) – Global Forecast to 2027

Automated storage & retrieval system is one of the most popular and impactful investment propositions available for the manufacturing and warehousing sectors. ASRS is a warehouse automation system principally designed to buffer, store, and retrieve products and inventory on demand. Previously, these systems were considered an out-of-reach technology for smaller order fulfillment operations and retail warehouses with limited budgets. However, due to the consistent development upgrades, recent ASRS technology versions provide a wide variety of size, speed, cost, and flexibility, consequently increasing the ASRS adoption rate. Meticulous Research®, in its latest publication, states that the Automated Storage and Retrieval Systems (ASRS) Market will Register a CAGR of 6.0% from 2020 to 2027 to Reach $10.3 Billion by 2027.

The growth of this market is backed by the growing popularity of automated storage and retrieval systems, particularly in SMEs, rising investment competencies of manufacturers in developing countries, and the growing focus of companies towards fast, cost-efficient, accurate, and efficient fulfillment systems for in-store retailing. The advent of Industry 4.0 and technological developments in storage backed by cutting-edge sensor technologies are also expected to boost market growth during the forecast period. In 2020, the COVID-19 pandemic imposed new challenges to several industries sectors, including the ASRS market. However, due to the rapidly increasing order velocity and volume of the e-commerce sector, companies are getting more inclined to deploy automated systems. Hence, this is expected to drive market growth in the coming years.

Download Free Sample Report Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5159

Scope of the Report:

Automated Storage and Retrieval Systems Market, by Load

  • Unit-load ASRS
    • Fixed-aisle ASRS
    • Movable-aisle ASRS
  • Mini-load ASRS
  • Micro-load ASRS

Automated Storage and Retrieval Systems Market, by Type

  • Vertical Lift Modules
  • Carousels
    • Horizontal Carousels
    • Vertical Carousels
  • Crane-based
  • Vertical Buffer Modules
  • Robotic Shuttles
  • Floor Robots

Automated Storage and Retrieval Systems Market, by Application

  • Storage
  • Order Picking
  • Kitting
  • Buffering
  • Others

Automated Storage and Retrieval Systems Market, 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

Automated Storage and Retrieval Systems Market, by Geography:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Netherlands
    • Switzerland
    • Poland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa

To gain more insights into the market with a detailed table of content and figures, click here : https://www.meticulousresearch.com/product/automated-storages-and-retrieval-systems-market-5159

Key Questions Answered in the Report:

  • Which are the high-growth market segments in terms of load, type, application, end user, and geography?
  • What was the historical market size of the automated storage and retrieval systems market?
  • What are the market forecasts and estimates for the period 2020–2027?
  • What are the major drivers, restraints, opportunities, and trends in the automated storage and retrieval systems market?
  • Who are the major players, and what are their shares in the automated storage and retrieval systems market?
  • How is the competitive landscape in the automated storage and retrieval systems market?
  • What are the recent developments in the automated storage and retrieval systems market?
  • What are the various strategies adopted by the major players in the automated storage and retrieval systems market?
  • What are the key geographic trends and which are the high-growth countries?

To provide efficient analysis, Meticulous Research® has segmented this market based on load (unit-load, mini-load, and micro-load), type (vertical lift modules, carousels, crane-based, vertical buffer modules, robotic shuttles, and floor robots), application (storage, order picking, kitting, and buffering), end user (automotive, healthcare & pharmaceutical, food & beverage, semiconductor & electronics, manufacturing, retail & warehousing/logistics, aviation, parcel & postal, and chemicals, rubber, and plastics), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

Geographically, in 2020, Europe is expected to command the largest share of the automated storage and retrieval systems market. The market growth is mainly attributed to the presence of the leading global ASRS providers, a strong network of automotive companies, high dependence on automated systems, and easy accessibility of a skilled workforce. In addition, the booming e-commerce sector, supportive digital infrastructure, and high deployment rate of ASRS are expected to further contribute to the growth of this market. However, APAC is expected to record the highest CAGR during the forecast period due to the increasing popularity of automated systems among SMEs, increasing focus on reimaging manufacturing and warehousing infrastructure, and growing industrialization in the region.

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By type, in 2020, the floor robots segment is expected to account for the largest share of the automated storage and retrieval systems market. The growth of this segment is attributed to the rising focus on enhancing warehouse floor utilization, technological developments to augment ASRS operational efficiency, and surging piece picking requirements. The growing focus of businesses towards quadruple inventory capacity in existing infrastructure backed by increasing their investments for automation is also expected to support the fastest growth of this segment over the forecast period.

Key Players:

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players operating in the automated storage and retrieval systems market, including Daifuku Co., Ltd. (Japan), SSI SCHAEFER AG (Germany), Dematic (U.S.), Honeywell Intelligrated (U.S.), Toyota Industries Corporation (Japan), Murata Machinery, Ltd. (Japan), KNAPP AG (Austria), BEUMER Group GmbH (Germany), Swisslog Holding AG (Switzerland), Material Handling Systems (U.S.), TGW Logistics Group (Austria), WITRON Logistik+Infomatik GmbH (Germany), Kardex Group (Switzerland), System Logistics S.p.A. (Italy), viastore SYSTEMS GmbH (Germany), Jungheinrich AG (Germany), MATTER Srl (Italy), Mecalux, S.A. (Spain), and Craftsman Storage Systems (India).

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