(MENAFN- Ameliorate Digital Consultancy)
The global automated storage and retrieval systems (ASRS) market is expected to reach US$ 24 billion by 2032 from 10.2 billion in 2022.
A growth rate of over 9.1% on annual basis is projected for the demand of ASRS, predominantly driven by is usage across retail warehouses during the forecast period of 2022-32.
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Warehousing industry has increased by leaps and bounds over the past few years, and it has introduced the trend of warehouse automation, which entails automating a variety of warehousing automations, including storage and replenishment of loads. According to the report, companies with manufacturing or distribution operations are reaping the benefits of incorporating warehouse automation solutions, such as automated storage and retrieval systems, to maximize their storage capacities and shipping efficiencies.
Stakeholders in the automated storage and retrieval systems market are also aiming to meet the end-users' requirements to operate at maximum operational efficiencies by introducing leading-edge automated storage and retrieval systems. Growing need for enhancing the workflow of warehouse operations is mainly triggering the adoption of warehouse automation, which is contributing greatly to the rapid expansion of the automated storage and retrieval systems market.
“Automated storage and retrieval systems market is mainly driven by the digitization of warehousing and intralogistics operations. Leading manufacturing companies are investing in automating their storage facilities with the help of next-generation automated storage and retrieval systems,“ says lead analyst at Fact.MR.
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Competition landscape: Top Companies of Automated Storage and Retrieval Systems Market
Market players in automated storage and retrieval systems business have mainly opted for growth oriented strategies which includes implementation rate of automation technology. In addition, branding and continuous technical advancements in the aforementioned technology hits the top position in their priority list. These strategies are helping the global players to expand their regional footprint and garner maximum market share thus providing technical advantage.
Fact.MR has provided detailed information about price points of top service providers of automated storage and retrieval systems positioned across regions, implementation growth, and speculative technological growth in the recently published report.
Daifuku North America's owned subsidiary, Wynright Corporation expanded its operational facilities in Hobart, by 2021 end with an aim of manufacturing intelligent material handling framework. In 2019, Japan's Daikfuku wholly owned Vega Automation Corporation with an aim to update warehouse infrastructure in India.
Key Companies Profiled:
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. AutoStore
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Key Questions Covered in the Automated Storage and Retrieval Systems Market Report
What is the projected value of the Automated Storage and Retrieval Systems factors Industry in 2022? At what rate will the global Automated Storage and Retrieval Systems factors market size grow until 2032? Which are the factors hampering the growth of Automated Storage and Retrieval Systems factors? Which region is expected to lead in the global Automated Storage and Retrieval Systems factors market By 2032? Which are the factors driving the Automated Storage and Retrieval Systems factors Industry during the forecast period? What is the expected market value of the Automated Storage and Retrieval Systems factors market during the forecast period?
Regional Analysis For Automated Storage and Retrieval Systems Market:
APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka) Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania) North America (USA, Canada and Mexico) South America (Brazil, Chile, Argentina, Rest of South America) MEA (Saudi Arabia, United Arab Emirates, South Africa)
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