The automated storage and retrieval systems are usually known as AS/RS Systems. These systems deliver users with tracking and increased inventory control, including greater flexibility to accommodate changing business conditions. The increasing demand of AS/RS system helps to deliver a complete value chain analysis that of the warehouse and manufacturing sectors and helps to provide the information or data with high accuracy. Global Automated Storage and Retrieval System market was valued, in 2017 USD XX million and in 2024 is expected to reach at USD XX million with growing CAGR of XX%.
The global Automated Storage and Retrieval System market is growing due to increasing adoption of ASRS as with the evolution in technology, the flow and control of materials has become better. The equipment offers well imagining, and the ability to handle variety, variability, and volume at higher speeds, thus, generating increased value. ASRS also allows goods-to-person order fulfilment, which advances safety and security of materials and workers at the workplace. The primary driving factor of ASRS is the increasing automation of job activities and enterprises shifting focus toward core business activities.
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Automated Storage and Retrieval System market is very competitive and fragmented, the market consists of various players, few key players of the market are Beumer Group, Kardex Group, Vanderlande Industries B.V., Daifuku Co., Ltd., among others.
The Automated Storage and Retrieval System market is classified into function, type, industry and region. Based on the industry the Automated Storage and Retrieval System market is bifurcated into automotive, chemicals, aviation, electronics and semiconductor, e-commerce, food and beverages, healthcare, metal and heavy machinery and others. Moreover, on the basis of type the automated storage and retrieval system market is classified into unit load, mid load, mini load, carousel, vertical lift module and auto store.
Additional, Based on region the market is segmented into Europe, North America, APAC, Latin America and Middle East & Africa.
Market segmented based on medium of type:
• Unit Load
• Mini Load
• Vertical Lift Module
• Vertical Carousel
• Horizontal Carousel
• Mid Load
• Auto store
Market segmented based on medium of function:
• Order Picking
Market segmented based on medium of industry:
• Electronics and Semiconductor
• Food and Beverages
• Metal and Heavy Machinery
Market segmented based on region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA
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