HOME › Press Releases › Automated Storage and Retrieval System (ASRS) Market worth 8.43 Billion USD by 2022
Automated Storage and Retrieval System (ASRS) Market worth 8.43 Billion USD by 2022
According to the new market research report "Automated Storage and Retrieval System (ASRS) Market by Type (Unit Load, Mini Load, VLM, Carousel, Autostore, & Mid Load), Function (Assembly, Storage, Order Picking, Kitting, & Distribution), Industry, and Geography- Global forecast to 2022", the ASRS market, in terms of value, is expected to grow at a CAGR of 7.1% between 2016 and 2022 to reach USD 8.43 Billion by 2022. The ASRS market is expected to grow rapidly owing to proper optimization of floor-space utilization, increased safety and stock rotation, improved accuracy, and reduced mishandling of goods used in manufacturing plants, warehouses, and distribution centers.
Browse 81 market data Tables and 82 Figures spread through 205 Pages and in-depth TOC on "Automated Storage and Retrieval System (ASRS) Market - Global forecast to 2022"
Early buyers will receive 10% customization on reports.
Unit load is expected to hold the largest share of the ASRS market by 2022
Players in the ASRS market focus on manufacturing unit-load ASRS, that is, high-density storage and retrieval systems that enable highly efficient, accurate, safe, and stable handling of full pallets, roll cages, containerized loads, and large items. Unit-load ASRS is being widely used in industries such as aviation, automotive, e-commerce, distribution, food & beverage, pharmaceuticals & medical supplies, 3PL, and retail & apparel.
While unit load held the largest market share in 2015, autostore ASRS market is expected to grow at a high CAGR between 2016 and 2022. An autostore is an advanced enterprise warehouse management system that allows complete configurability and flexibility. The system can be easily expanded and modified because of its design. Players in the ASRS market are concentrating on manufacturing autostore ASRS designed to manage material flow strategies, raise goods throughput, reduce paperwork, and deliver real-time management information.
APAC expected to witness the highest growth during the forecast period
The market in APAC is expected to grow at the highest CAGR between 2016 and 2022 owing to the increasing investments by manufacturers and suppliers for installing automated material handling systems at warehouses and distribution centers. The market in APAC is expected to grow because of the technological advancements and increased awareness among people.
The report also profiles the most promising players in the ASRS market, namely, Daifuku Co., Ltd. (Japan), Kardex Group (Switzerland), Murata Machinery, Ltd. (Japan), Swisslog Holding AG (Switzerland), Mecalux S.A. (Spain), SSI Schaefer Group (Germany), Vanderlande Industries B.V. (Netherlands), Dematic GmbH & Co. Kg, (Germany), and Bastian Solutions, LLC (U.S.).
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India