Automated Storage and Retrieval System (ASRS) Market

According to the new market research report "Automated Storage and Retrieval System (ASRS) Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Micro Fulfilment Center, Dark Stores, Industry and Region - Global Forecast to 2027"The global ASRS market size is projected to grow from USD 8.3 billion in 2022 to USD 11.8 billion by 2027, at a CAGR of 7.4%. The increasing usage of ASRS in healthcare, automotive, and food & beverage sectors is boosting the markets growth.

Browse 183 market data Tables and 58 Figures spread through 232 Pages and in-depth TOC on "Automated Storage and Retrieval System (ASRS) Market with COVID-19 Impact Analysis by Type (Unit Load, Mini Load, VLM, Carousel, Mid Load), Industry and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automated-storage-retrieval-system-market-195267987.html

VLM segment to account second-largest market share during the forecast period.

VLMs maximize the vertical height by utilizing an independent tray storage system to create a dense solution far exceeding traditional storage methods. Depending on the items dimensions and the warehouses clear height, some companies can store thousands of parts in a single VLM. The VLM provides various features, such as increased storage density, reduced labor costs, an extremely efficient picking solution that can carry its operational return on investment, higher throughput rates from a picking perspective compared to conventional picking, the highest security, easy training, easy integration with other automation systems (robotics, unit-level sortation, shuttle systems). All these features are expected to drive the growth of the ASRS market for VLMs.

Food & beverage is projected to hold a significant share of the ASRS market during the forecast year

There has been an increasing focus of food & beverage companies on automation due to the rising need for food processing, packaging, and storing. Rising technological advances in cold chain storage and transport are also one of the factors influencing the growth of ASRS in the food & beverage industry. Furthermore, there has been growing acceptance of frozen foods among consumers, which ultimately is driving the demand for the ASRS market. To meet these demands, ASRS is extensively used in the food & beverage industry.

China to account for a significant market share of Asia Pacific from 2022 to 2027

China is projected to account for a  major share of the ASRS market in Asia Pacific from 2022 to 2027. The country is a key producer of automotive as well as food and beverage industry. The country is also a major manufacturer and supplier of semiconductor & electronics equipment. The country is also known for low-cost automotive product manufacturing. Consequently, ASRS witnesses a huge demand from warehouses to keep track of inventory, storage, and distribution for these catering industries.All these factors are pushing the growth of the ASRS market in China.

Daifuku, Murata Machinery, SSI Schaefer, TGW Logistics, and Kardex are the top five players in the ASRS market globally.

Don’t miss out on business opportunities in Automated Storage and Retrieval System (ASRS) Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]