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Automated Storage and Retrieval System (ASRS) Market is Expected to Foresee Significant Growth During the Forecast Period. Asia-Pacific to Witness the Highest Growth

The Automated Storage and Retrieval System (ASRS) market is expected to grow significantly by 2027 expanding at a CAGR of around 9% during the forecast period (2021-2027).

The booming industrial sector coupled with the increasing adoption of technologies such as automation, IoT, and ML across industries is leading to the growing market for automated storage and retrieval system. As per the International Federation of Robotics, 2.7 million industrial robots operating in factories around the world as of 2020, an increase of 12%. Sales of new robots remain on a high level with 373,000 units shipped globally in 2019. This is 12% less compared to 2018, but still, the 3rd highest sales volume ever recorded. Asia remains the strongest market for industrial robots – operational stock for the region´s largest adopter China rose by 21% and reached about 783,000 units in 2019. Japan ranks second with about 355,000 units. A runner-up is India with a new record of about 26,300 units. Moreover, within five years, India has doubled the number of industrial robots operating in the country´s factories.

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Moreover, the booming manufacturing sector coupled with the advent of industry 4.0 and connected industries is also leading to the growing demand for automated storage and retrieval systems The manufacturing sector accounts for approximately 16% of global GDP and 14% of employment. But the manufacturing sector’s relative size in an economy varies with its stage of development. The sector is also evolving in ways that make the traditional view—that manufacturing and services are separate and fundamentally different sectors. The pandemic has affected different segments within manufacturing in very different ways. Some segments have been negatively affected by rolling economic shutdowns in different regions over the past 10 months. Furthermore, the growing emphasis on industry 4.0. Industrial automation is leading the emerging demand for more efficient productivity in various regions, which in turn demands automated storage and retrieval system.

A rise in the GDP per capita is a factor that is impacting the demand for Automated Storage and Retrieval systems (ASRS) across the globe owing to the growing demand for the products. A rise in GDP per capita signifies an increased standard of living. So, consumers in the developed and developing countries where per capita income is witnessing a rise can think of spending more on luxury products such as cars, entertainment systems, etc., which would lead to the growing activities in the manufacturing units, therefore, the demand for the automated storage and retrieval system would uplift.

 For a detailed analysis of the market drivers in Automated Storage and Retrieval System (ASRS) browse through https://univdatos.com/get-a-free-sample-form-php/?product_id=18915

Based on the type, the market is fragmented into Mid Load, Mini Load, Unit Load, Vertical Lift Module, and Others. The unit load segment grabbed XX% market share in 2020 and captured USD XX Mn market in 2020. The Unit-Load systems are designed for larger loads which are pallets or pallet-sized loads. The Unit Load crane will automatically store and retrieve products from an engineered rack system that can range in height up to approximately 120 feet or more. The throughput capabilities of any Unit Load AS/RS system on a per aisle basis (or per SRM) are subject to many variables, however, a good rule of thumb for any Unit Load AS/RS system is handling products on the lower weight range (less than 2,000 lbs) can be estimated at 25 dual cycles/hr (one store and one retrieval is a dual cycle).

Based on the function, the market is fragmented into Assembly, Distribution, Kitting, Order Picking, Storage, and Others. The storage segment captured XX% Market share in 2020 and dominated the market. Storage is one of the primary benefits of AS/RS is its ability to store products in a way that makes the most efficient use of available space, especially over the long term. By implementing AS/RS, an operation can automate their long-term storage of raw material or products and retrieve what they need, when they need it.

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Additionally, the report provides detailed initiatives that are being taken in the field of Automated Storage and Retrieval systems (ASRS). The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and the Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and the Rest of APAC), Rest of World has been conducted. Asia Pacific region grabbed XX% market and captured USD XX Mn market share in 2020.  The Europe region grabbed the major market share and dominated the market. The presence of numerous manufacturers in the abundance coupled with the booming e-commerce sector in the region would demand an automated storage and retrieval system in the region.

 Automated Storage and Retrieval System (ASRS) Market Segmentation

Market Insight, by Type

  • Mid Load
  • Mini Load
  • Unit Load
  • Vertical Lift Module
  • Others

Market Insight, by Function

  • Assembly
  • Distribution
  • Kitting
  • Order Picking
  • Storage
  • Others

Market Insight, by Industry Verticals

  • Aviation
  • Automotive
  • Chemicals
  • Retail & E-Commerce
  • Food & Beverages
  • Healthcare & Pharmaceuticals
  • Others

Market Insight, by Region

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • France
    • Germany
    • Spain
    • Italy
    • United Kingdom
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of World


Top Company Profiles

  • 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.

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