Sales of Automated Storage And Retrieval Systems Is Project To Flourish At A Gargantuan CAGR of Around 9.1% Over 2032

Posted on 2022-11-15 by Fact.MR in Technology // 0 Comments

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.

Various manufacturing industries, food storage facilities and warehouses prefer these computerized inventory management systems to manage high-volume loads with low-cost solutions. ASRS (automated storage and retrieval systems) technology providing ultra-high-speed load handling, accurate positioning results, and reliable framework proved to be a one-stop-solution for inventory holders facing issue in managing high-volume inventories.

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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.
Vanderlande Industries delivered its first ever ADAPTO shuttle based AS/RS system being its largest automated storage and retrieval system ever sold to Leroy Merlin in 2021.

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Prominent Key Players Of The Automated Storage and Retrieval Systems Market Survey Report:

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
Ocado Group

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Questionnaire answered in the Automated Storage and Retrieval Systems Market report include:

How the market for Automated Storage and Retrieval Systems has grown?
What is the present and future outlook of the global Automated Storage and Retrieval Systems on the basis of region?
What are the challenges and opportunities for the Automated Storage and Retrieval Systems?
Why the consumption of Automated Storage and Retrieval Systems highest in region?
In which year segment is expected to overtake segment?

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