What is the Global market size of the Automated Storage And Retrieval System Market?

Global Automated Storage And Retrieval System Market size was valued at USD 8573 million in 2021 and is poised to grow from USD 9192.9 million in 2022 to USD 15.88 million by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).

Automated Storage And Retrieval System Companies

Q: Which region accounted for the largest share in the Global Automated Storage And Retrieval System Market?

Europe dominated the Global Automated Storage and Retrieval System Market share in 2021. One of the important aspects influencing the market in Europe is the presence of several significant companies and the sizeable client base. Due to the region's very high labour costs, firms in European nations have been implementing automated solutions to lower total operating expenses. By supporting effective administration of all warehouse activities, the implementation of these solutions aids manufacturers in maintaining a competitive advantage. Additionally, the expansion of the e-commerce sector and the presence of multinational corporations with international warehousing and distribution activities are propelling the market in Europe.

Automated Storage And Retrieval System Market Competitive Landscape

Global Automated Storage and Retrieval System Market is competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. Major Players include Material Handling Systems, SSI SCHAEFER AG, Honeywell Intelligrated, Toyota Industries Corporation, MATTER Srl and Murata Machinery, Ltd. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Automated Storage And Retrieval System Market Top Player's Company Profiles

Daifuku Co., Ltd.
Kardex Group
Dematic
Swisslog Holding AG
Mecalux SA
Vanderlande Industries
Murata Machinery Ltd.
System Logistics Spa
TGW Logistics Group GmbH
SSI Schaefer AG
Beumer Group GmbH & Co. KG
Honeywell Intelligrated
Westfalia Technologies, Inc.
Knapp AG
Bastian Solutions, LLC
Siemens Logistics GmbH
Intelligrated, Inc.
Flexcon Company, Inc.
Axium Solutions, Inc.
Viastore Systems, Inc.

Automated Storage And Retrieval System Market

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Automated Storage And Retrieval System Market size was valued at USD 8573 million in 2019 and is poised to grow from USD 9192.9 million in 2023 to USD 15.88 million by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).

Automated Storage and Retrieval System Market is competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. Major Players include Material Handling Systems, SSI SCHAEFER AG, Honeywell Intelligrated, Toyota Industries Corporation, MATTER Srl and Murata Machinery, Ltd. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Daifuku Co., Ltd.', 'Kardex Group', 'Dematic', 'Swisslog Holding AG', 'Mecalux SA', 'Vanderlande Industries', 'Murata Machinery Ltd.', 'System Logistics Spa', 'TGW Logistics Group GmbH', 'SSI Schaefer AG', 'Beumer Group GmbH & Co. KG', 'Honeywell Intelligrated', 'Westfalia Technologies, Inc.', 'Knapp AG', 'Bastian Solutions, LLC', 'Siemens Logistics GmbH', 'Intelligrated, Inc.', 'Flexcon Company, Inc.', 'Axium Solutions, Inc.', 'Viastore Systems, Inc.'

Due to the enormous increase in online customers, the e-commerce sector is flourishing. Both business-to-business (B2B) and business-to-consumer (B2C) e-commerce have increased as a result. The rise in B2C sales is especially noticeable in online purchases of food, home items, and prescription medications. It has also put tremendous pressure on e-commerce delivery times. Due to the constant strain on the e-commerce sector to get and deliver a large number of goods within the allotted period, they have automated their facilities. Utilizing micro loads or shuttles, which deliver a case or tote to a goods-to-operator (GTO) pickup station, is the most effective approach to execute orders. ASRSs are employed in the e-commerce sector and are capable of managing a wide range of product stock keeping units (SKUs), lead times, and big SKU ranges. These factors are contributing to the market growth.

The newer version of Automatic storage and retrieval system (ASRS) are cube storage systems. In a 3D space, these methods optimise available space. Mobile robots move through cells at the top layer of automated cube storage and retrieval systems while a matrix of items is stored in numerous layers below. On the same grid (cube), each robot operates autonomously. They are all wirelessly connected to the system and charge themselves when not in use. As the command centre, the controller and software manage everything and provide traffic algorithms.

Europe dominated the Automated Storage and Retrieval System Market share in 2021. One of the important aspects influencing the market in Europe is the presence of several significant companies and the sizeable client base. Due to the region's very high labour costs, firms in European nations have been implementing automated solutions to lower total operating expenses. By supporting effective administration of all warehouse activities, the implementation of these solutions aids manufacturers in maintaining a competitive advantage. Additionally, the expansion of the e-commerce sector and the presence of multinational corporations with international warehousing and distribution activities are propelling the market in Europe.

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