Automated Storage and Retrieval System Market Increasing Growth with Latest Trend, Top Players and Forecast

Automated Storage and Retrieval System Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity, the Automated Storage and Retrieval System (ASRS) Market size is projected to reach a CAGR of 7.9% and Forecast to 2030.

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Maximized storage capacity, increased warehouse efficiency, lower energy consumption, less waste, and lower maintenance costs, and potential lifespan of 20–25+ years are some of the factors that have supported long-term expansion for Automated Storage and Retrieval System (ASRS) Market.

The growth of automated storage and retrieval systems market is expected to decline due to restriction on mobility cross the globe and disrupted supply chain amid lockdown due to Covid-19 pandemic outbreak.

Regional Analysis

North America dominated the global automated storage and retrieval system market. The growth of the region is attributed to the presence of a key market players, such as Microsoft Corporation, IBM Corporation, Amazon web services, and others.

Automated Storage and Retrieval System Market Key Players:

·        Bastian Solutions, Inc.

·        Beumer Group

·        Daifuku Co., Ltd.

·        Dematic

·        Honeywell Intelligrated

·        Kardex Group

·        KNAPP AG

·        Murata Machinery, Ltd.

·        SSI Schaefer Group

·        TGW Logistics Group and More

Recent Developments

In October 2020, Tencent-backed food delivery service, Meituan-Dianping, introduced its first-ever innovative AI retail store, MAI Shop, within Beijing's Shougang Park. The store is equipped with a combination of AI and robotics, which are regularly seen in "New Retail" formats across supermarkets, convenience stores, and more in China. The combined technology brings an unmanned delivery retail experience as Meituan integrates a fully automated warehouse and distribution to maximize its takeout delivery capacity.

In September 2020, in preparation for the festive season, Amazon India had announced the expansion of its sort center network. The five new centers will be launched in Vishakhapatnam, Farukhnagar, Bangalore, Mumbai, and Ahmedabad. Amazon India uses technology and automation in its sortation networks, such as Auto Sorters and Sort Slides. Sort Slides will ensure fast manual sortation of packages, and Auto Sorters are entirely automated machines that perform end-to-end sorting of packages. This expanded and automated network is expected to significantly increase the speed of transporting packages for sellers and customers in the country.

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In addition to the market data for Automated Storage and Retrieval System (ASRS) Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

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