Automated Storage & Retrieval Systems Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Automated storage and retrieval systems are warehousing systems primarily used for storage and retrieval of products, and no processing is performed. These are very high volume storage systems utilised for various applications in end-user industries.
Global Automated Storage & Retrieval Systems Market Segments Size & Growth:
The market is estimated to reach $10.90 Billion by 2024 at a CAGR of 8.2%. The key factors driving the market growth are they enable users with increased inventory control as well as tracking with better flexibility and efficiency, minimal labour utilised and limited space by the adoption of new automation techniques. This technology is considered one such technology, which has developed various ways for industrial operations.
Global Automated Storage & Retrieval Systems Market Segments Share:
Global automated storage & retrieval systems are categorised based on equipment, application and end users. Based on equipment, the market is segmented into the mini-load, mid load, auto store, carousels, vertical lift module, unit load and others. Among which Auto store segment is accounted for the most significant share in the market
Automated Storage & Retrieval Systems Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
due to its innovative storage capability, efficiency, and capability of delivering real-time management information. Based on application, the market is segmented into order picking, storage, distribution, assembly and others. Among which order picking is holding the highest market share as industries using ASRS over the manual order picking process to reduce labour costs and ensure efficiency. This mechanism eliminates the risk of repetitive manual handling. Based on end users, the market is categorised into retail, Automotive, electronics & semiconductors, aviation, logistics, metals & heavy machinery, healthcare and others. Among which retail segment is expected to grow with highest CAGR and is accounting for the largest growing segment as it has made industries to improve their processes and become efficient to cater customer needs. Geographically, the market is segmented into Asia-Pacific, North America, South America, Europe and the Middle East and Africa. Among which APAC is the dominant and fastest growing regarding automated storage and retrieval systems market as economic growth, popularity, and superiority regarding these automated systems are driving
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Automated Storage & Retrieval Systems Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
the market in APAC region.
Global Automated Storage & Retrieval Systems Market Trends:
- A new information system approach based on artificial intelligence to operate and control automated storage & retrieval systems.
- The rapid growth of E-commerce and emergence of flexible manufacturing systems are major market trending segments.
Global Automated Storage & Retrieval Systems Market Research Report includes:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold
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