Automated Storage and Retrieval System Market Scores USD 10.81 Billion by 2023 Growing at 7.7% CAGR

Automated Storage and Retrieval System Market, By Type (Unit Load, Mini Load, Micro Load), By Applications (Order Picking, Replenishment, Kitting, Order Picking, Distribution, Storage), By End-User (Semiconductor & Electronics, E-Commerce, Automotive, Chemicals, Aviation, Food & Beverages) - Forecast 2023

Market Highlights
The study reveals that Automated Storage and Retrieval System is trending in North America region. In recent times, the mini-load systems are required to extract that grasp handles on vacuums that attach with suction. Additionally, the Robotic arms also play a crucial role in AS/RS mini-loads. The utilizing AS/RS will increase efficiency and throughput, that provide more space, and reduces building costs, will lead to the growth of this market. The study indicates that the AS/RS play one of the important role in meeting the tough demands of logistics operation. It allows to extends order in less times, boosts product security, saves space up to 85% and many more are the factors, expected to favor the growth of the Automated Storage and Retrieval System Market.

The study indicates that the warehouse automation systems has configured to be completely redundant, spreading inventory and also reduces the need on the ability of any AS/RS Shuttle to handle a task.

The Automated Storage and Retrieval System Market is growing rapidly over 7.7% of CAGR and is expected to reach at USD $~10.81 Billion by the end of forecast period.

ASRS Market Players:
• TGW Logistics Group GmbH (Austria)
• Swisslog Holding AG (Switzerland)
• Daifuku Co., Ltd. (Japan)
• SSI Schaefer Group (Germany)
• Murata Machinery (Japan)
• Knapp AG (Austria)
• Mecalux SA (Spain)
• Vanderlande Industries (Netherlands)
• System Logistics Corporation (Italy)
• Bastian Solution (US)
• Beumer Group (Germany)
• Dematic GmbH & Co. KG (Germany)
• Kardex Group (Switzerland)

ASRS Market Segmentation
The Automated Storage and Retrieval System Market has been segmented on the basis of categories, techniques, end -users and region. The semiconductor and electronics are expected to propel the highest growth rate during the forecast period as the AS/RS Systems can also easily expanded to meet increasing productivity demands in the North America region.

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Market Research Analysis:
On geographic basis, Automated Storage and Retrieval System market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with largest market share growth in the Automated Storage and Retrieval System market as the trend of e-commerce in the logistics and warehousing industry is growing in these regions. In this market, Europe is to be estimated to be the second largest market share for Automated Storage and Retrieval System solutions during the forecast period.

Intended Audience
- Raw material providers
- Automated Storage and Retrieval System manufacturing companies
- Product sales and distribution companies
- Government regulatory authorities
- ASRS Original Equipment Manufacturers
- Raw Material Suppliers
- Assembly and Packaging Vendors
- Technical Universities
- Technology standards organizations
- Technology investors
- Research institutes
- System Integrators
- Research/Consultancy firms

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Release ID: 221521