Global Automated Storage and Retrieval System (ASRS) Market Analysis & Trends - Industry Forecast to 2028
The Global Automated Storage and Retrieval System (ASRS) market is poised to grow at a CAGR of around 8.1% by 2028. Some of the prominent trends that the market is witnessing are increase in consumer spending, heavy investment in R&D activities by companies to distinguish their product lineup’s, miniaturization of material handling equipment and growth opportunities/investment opportunities.
Depending on function, the market is divided into order picking, storage, assembly, distribution, kitting and other functions. By end user, the market is segregated into electronic & semiconductor, healthcare, aviation, automotive, e-commerce, metals and heavy machinery, chemicals, food & beverages and other end users.
Based on equipment, market is segmented into mini load AS/RS, autostore, tunnel style systems, carousel type AS/RS, vertical lift module, unit load AS/RS, mid load, moving/mobile racks and other equipment. Furthermore, carousel type AS/RS divided into vertical carousel and horizontal carousel.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2017, 2018 revenue estimations are presented for 2019 and forecasts till 2028. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
- Rest of Europe
- New Zealand
- Rest of Asia Pacific
- Saudi Arabia
- Rest of Middle East
- Rest of Latin America
Rest of the World
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028
- Market opportunities and recommendations for new investments
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