Automated Storage and Retrieval System (ASRS) Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

A comprehensive overview of the Automated Storage and Retrieval System (ASRS) market is recently added by UnivDatos Market Insights to its humongous database. The Automated Storage and Retrieval System (ASRS) report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Automated Storage and Retrieval System (ASRS) market. The Automated Storage and Retrieval System (ASRS) report offer a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates Automated Storage and Retrieval systems (ASRS)s at the global and regional levels. The Automated Storage and Retrieval System (ASRS) Market is expected to grow at a CAGR of around 9% from 2021-to 2027.

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Market Overview

Automated storage and retrieval systems are made of a variety of computer-controlled systems that automatically place and retrieve loads from set storage locations in a facility with precision, accuracy, and speed. Moreover, Automated storage and retrieval systems are used in a variety of areas to support processing and picking throughout a facility such as for Order picking, Storage, kitting, consolidation, assembly, production, replenishment, etc.

Growth in the industrial sector coupled with the increased automation in the sector is leading to the growth of automated storage and retrieval systems. In December 2021, global industrial production, excluding the United States, grew by 5.11% compared to the same time in the previous year, based on three-month moving averages. This is compared to a contraction of 4.06% in advanced economies (excluding the United States) for the same period. The industrial growth rate tracks the output produced in the industrial sector. As per the International Federation of Robotics, the use of industrial robots in factories around the world is accelerating at a high rate: 126 robots per 10,000 employees is the new average of global robot density in the manufacturing industries – nearly double the number five years ago (2015: 66 units). The top 5 most automated countries in the world are: South Korea, Singapore, Japan, Germany, and Sweden

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COVID-19 Impact

The covid-19 pandemic has inflicted disruptions on manufacturing activities and supply chains across the globe. The pandemic-led interruptions and the lockdown norms implemented in various countries to contain the pandemic have bottlenecks in the bulk movement of non-essential goods. The factor also led to a decline in demand for consumer goods, electronics, etc., which adversely affected the growth dynamics of the Automated Storage and Retrieval System (ASRS) market. However, with the stabilization in economies, manufacturing activities would also spur the growth of the sectors, due to which the market for Automated Storage and Retrieval System (ASRS) has started spurring.

The Automated Storage and Retrieval System (ASRS) Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By function, the market is primarily bifurcated into

•       Assembly

•       Distribution

•       Kitting

•       Order Picking

•       Storage

•       Others

The storage segment grabbed XX% market share in 2020. Promulgating -e-commerce sector across the globe coupled with the automation in industries is leading to the growing share of this segment. However, the assembly segment would witness a robust CAGR during the forthcoming years.

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By industrial vertical,  the market is primarily bifurcated into

•       Aviation

•       Automotive

•       Chemicals

•       Retail & E-Commerce

•       Food & Beverages

•       Healthcare & Pharmaceuticals

•       Others

The automobile segment grabbed XX% market share in 2020. The automotive segment is the major application industry for automated storage and retrieval system. Multiple product variants, permanent cost pressure, low margins, and stringent OEM regulations for individual process steps pose significant challenges for suppliers. Not only are production processes often a barrier, but maintenance and supplying dealers' distribution centers also pose a logistical challenges.

Automated Storage and Retrieval System (ASRS) Market Geographical Segmentation Includes:

·       North America

·       Europe

·       Asia-Pacific

·       Rest of the World

Based on the estimation, the Europe region grabbed XX% market share in 2020 and dominated the market in 2020.  However, the North America region would witness a considerable CAGR during the forthcoming years. The USA is one of the world’s largest e-commerce markets, with online sales representing close to 20% of all retail sales. As per the Census Bureau of the Department of Commerce, the U.S. retail e-commerce sales for the fourth quarter of 2021, was US$218.5 billion, an increase of 1.7 percent (±0.7%) from the third quarter of 2021.

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The major players targeting the market includes

•       Daifuku Co., Ltd.

•       Murata Machinery

•       Dematic GmbH & Co. KG

•       Vanderlande Industries

•       TGW Logistics Group

•       System Logistics Spa

•       Westfalia Technologies, Inc.

•       Honeywell Intelligrated

•       Swisslog Holding AG

•       Invata Intralogistics, Inc.

The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Automated Storage and Retrieval System (ASRS) market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

·       What are the latest trends, new patterns, and technological advancements in the Automated Storage and Retrieval System (ASRS) Market?

·       Which factors are influencing the Automated Storage and Retrieval System (ASRS) market over the forecast period?

·       What are the global challenges, threats, and risks in the Automated Storage and Retrieval System (ASRS) Market?

·       Which factors are propelling and restraining the Automated Storage and Retrieval System (ASRS) Market?

·       What are the demanding global regions of the Automated Storage and Retrieval System (ASRS) Market?

·       What will be the global market size in the upcoming years?

·       What are the crucial market acquisition strategies and policies applied by global companies?

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