- North America and Europe to Generate 48% of the Automated Storage and Retrieval Systems Market Revenue
- An exhaustive analysis on the automated storage and retrieval systems market by Fact.MR provides in-depth insights into governing factors elevating the sales in the market. It also discloses critical opportunities favoring demand outlook across various segments on the basis of type, category and industry over the assessment period.
NEW YORK, Jan. 5, 2022 /PRNewswire/ -- The global automated storage and retrieval systems (ASRS) market is projected to reach US$ 24 billion by 2032 from 10.2 billion in 2022.
During the projection period of 2022-2032, automated storage and retrieval systems (ASRS) demand is expected to expand at a pace of over 9.1% on an annual basis, mostly due to its application in retail warehouses.
These computerized inventory management systems are preferred by many manufacturing businesses, food storage facilities, and warehouses to manage high-volume loads with low-cost solutions. ASRS (automated storage and retrieval systems) technology, which provides ultra-high-speed load handling, precise placement results, and a dependable framework, has proven to be a one-stop-solution for inventory holders with high-volume inventories.
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According to the current market situation, automated storage and retrieval systems account for around 1/3 of the global material handling equipment industry, opines Fact.MR. This technology allows for the most efficient use of space while also saving money on labor.
In accordance to the technological implementation, the AS/RS system generates a significant profit from both B2B and B2C sales. Amazon Corporation has more than 150 warehouses throughout North America. Furthermore, this corporation has 450-550 locations across the United States. As a result, the automated storage and retrieval market in North America is expected to grow by 775 BPS between 2022 and 2032.
With the advancement of technology, the importance of complete automation in AS/RS systems has become apparent. Furthermore, e-commerce company expansion boosted the market value of AS/RS equipment.
Key Takeaways from the Automated Storage and Retrieval Systems Market Study
- Proliferating growth rate of 10.8% will project in AS/RS equipment market in U.S during 2022-2032.
- North America accounts for absolute $ opportunity around US$ 4,844 million.
- Integrated AS/RS system to account for overall share of around 73.8% in the automated storage and retrieval systems market.
- Use of AS/RS system in food & beverages industry accounts for 1220 BPS gain during forecast period.
Key Drivers
- Expansion of e-commerce companies in North America and Europe to stimulate the AS/RS equipment market value.
- Presence of large number of warehouses & large-volume inventories to propel the market growth.
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Competitive Landscape
Market players in the automated storage and retrieval systems industry have primarily pursued growth-oriented strategies, which include increasing the rate at which automation technology is implemented. Furthermore, branding and ongoing technological improvements in the aforementioned technology are at the top of their priority list. These techniques aid global firms in expanding their geographical footprint and capturing maximum market share, resulting in a technical edge.
- 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.
Some of the key players operating in the market profiled by Fact.MR are:
- Daifuku Co., Ltd.
- Murata Machinery
- Dematic GmbH & Co. KG
- Vanderlande Industries
- TGW Logistics Group
- System Logistics Spa
- Westfalia Technologies, Inc.,
- Honeywell Intelligrated
More Insights on the Global Automated Storage and Retrieval Systems Sales Outlook
Fact.MR provides an unbiased analysis of automated storage and retrieval systems market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global demand for automated storage and retrieval systems with a detailed segmentation on the basis of:
- By Type
- Unit-load AS/RS
- Mini-load AS/RS
- Vertical Lift Modules (VLMs)
- Horizontal Carousels
- Vertical Carousels
- Shuttle- and Bot-based AS/RS
- Micro-Load (Stocker)
- By Category
- Standalone
- Integrated
- By Industry
- Automotive
- Food and Beverage
- Electrical and Electronics
- Healthcare
- Retail and e-commerce
Key Questions Covered in the Automated Storage and Retrieval Systems Market Outlook Report
- The report offers insight into automated storage and retrieval systems demand outlook for 2022-2032
- The market study also highlights projected sales growth for automated storage and retrieval systems market between 2022 and 2032
- Automated storage and retrieval systems market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Automated storage and retrieval systems market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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