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DUBLIN , Dec. 21, 2022 /PRNewswire/ -- The "Automated Storage and Retrieval System (ASRS) Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Micro Fulfilment Center, Dark Stores, Industry and Region - Global Forecast to 2027" report has been added to  ResearchAndMarkets.com's offering. Automated 4 Way Shuttle Rack

The global ASRS market size is anticipated to grow from USD 8.3 billion in 2022 to USD 11.8 billion by 2027, at a CAGR of 7.4% from 2022 to 2027. 

Unit load to contribute largest market share from 2022 to 2027.

Unit load ASRS has a wide range of applications in consumer goods, automotive, publishing, electronic, food & beverage, pharmaceutical and medical supplies, retail and apparel, and other industries.

ASRS offers several benefits in distribution, warehousing, and manufacturing environments in order to reduce work-in-progress inventory, enhance product quality, increase productivity and provide real-time inventory control. It also enhances workforce productivity and raise order accuracy and customer services ensuring high throughput, density storage, and reliability, along with damage-free operations.

Automotive industry is expected to contribute a significant market share in the ASRS market during the forecast period.

The automotive industry contributed the largest market share in 2022. The main purpose of ASRS in the automotive industry is to support raw material handling and moving spare parts and goods to manufacturing units and warehouses.

ASRS also provides the industry with better conveyor systems for automotive assembly plants reducing workers' load and enabling easy movement of heavy parts and a high volume of applications performed. Some major providers of ASRS for the automotive industry include Daifuku, Toyota Industries, and JBT.

Europe is expected to account for the second-largest market share during the forecast period.

Europe has become an attractive market for ASRS manufacturing companies worldwide due to well-established companies having innovative machinery and equipment.

Several companies based out of North America , Asia Pacific , and Japan have established their operations in Europe to tap and capture European customers; for instance, top companies such as Daifuku, JBT, and Scott Technology are looking for growth in the European market.

4 Premium Insights 4.1 Asia-Pacific to Offer Lucrative Opportunities for Players in ASRS Market 4.2 ASRS Market, by Type 4.3 ASRS Market, by Industry 4.4 ASRS Market, by Region

5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Better Floor Space Utilization and Reduced Labor Requirements and Costs by Adopting ASRS 5.2.1.2 Increasing Penetration of ASRS in E-Commerce Industry 5.2.1.3 Greater Focus on Inventory Management and Control 5.2.1.4 Accelerating Demand for ASRS in Automotive Industry 5.2.2 Restraints 5.2.2.1 High Initial Investments and Repair Cost 5.2.2.2 Inadequate Technical Expertise to Manage System Operations 5.2.3 Opportunities 5.2.3.1 Substantial Growth in Demand for Cold Chain Systems in Asia-Pacific 5.2.3.2 Growth Prospects in Healthcare Industry 5.2.4 Challenges 5.2.4.1 Reduction in Operational Efficiency Due to Technical Faults and Significant Downtime 5.2.4.2 Development of Flexible and Scalable ASRS Solutions Owing to Constant Technological Advances 5.3 Value Chain Analysis 5.4 Ecosystem 5.5 Pricing Analysis 5.6 Trends/Disruptions Impacting Customer Business 5.7 Technology Analysis 5.8 Porter's Five Forces Analysis 5.9 Key Stakeholders and Buying Criteria 5.9.1 Key Stakeholders in Buying Process 5.9.2 Buying Criteria 5.10 Case Study Analysis 5.11 Trade Analysis 5.12 Patent Analysis 5.13 Key Conferences and Events, 2022-2025 5.14 Regulatory Landscape

6 Offerings and Emerging Applications of ASRS 6.1 Introduction 6.2 ASRS Offerings 6.2.1 Hardware 6.2.2 Software and Services 6.3 Emerging Applications of ASRS 6.3.1 Hospitals 6.3.2 Academic Institutions

7 Functions of ASRS 7.1 Introduction 7.2 Storage 7.2.1 ASRS Storage Function Provides Accuracy and Efficient Warehouse Management 7.3 Order Picking 7.3.1 Order Picking Helps Deliver Products on Time and Reduces Labor Costs 7.4 Distribution 7.4.1 Food & Beverage Industry Requires ASRS for Efficient Distribution of Inventory 7.5 Assembly 7.5.1 Use of ASRS in Assembly Lines Can Improve Accuracy and Speed 7.6 Kitting 7.6.1 Knitting Helps Simplify Packaging and Shipping for Multiple Product Orders 7.7 Others

8 Latest Trends in Warehousing Impacting Market 8.1 Introduction 8.2 Micro Fulfillment Centers 8.2.1 Significant Developments in Mfc Space 8.2.2 Advantages of Mfcs Over Cfcs 8.2.3 Ecosystem of Mfcs 8.2.4 Major Companies Leading Ways to Mfcs 8.2.5 Key Technologies Involved in Mfcs 8.2.5.1 Cube Storage 8.2.5.2 Autonomous Mobile Robots (Amrs) 8.2.5.3 Shuttle Systems 8.2.5.4 Others 8.2.6 Brief Information About Funding in Mfcs 8.2.7 Number of Mfcs Deployed in US 8.3 Autonomous Machines 8.4 Dark Stores

9 ASRS Market, by Type 9.1 Introduction 9.2 Unit Load 9.2.1 Deployment of Unit Load ASRS to Resolve Operational, Security, and Productivity Issues to Propel Market Growth 9.3 Mini Load 9.3.1 Adoption of Mini-Load ASRS to Ensure High-Density Operations and High-Speed Movement on Three-Dimensional Axis to Spur Their Demand 9.4 Vertical Lift Module (Vlm) 9.4.1 Greater Accuracy and Efficient Space Utilization Features of Vlms to Stimulate Market Growth 9.5 Carousel 9.5.1 Vertical Carousel 9.5.1.1 Rising Use of Vertical Carousels to Save Floor Space to Push Market Growth 9.5.2 Horizontal Carousel 9.5.2.1 Growing Adoption of Horizontal Carousels to Ensure Effective Storage and Retrieval Processes to Drive Market 9.6 Mid Load 9.6.1 Increasing Use of Mid-Load ASRS Owing to Their Flexibility to Support Market Growth

10 ASRS Market, by Industry 10.1 Introduction 10.2 Automotive 10.2.1 European Automotive Industry to Account for Significant Market Share 10.3 Metal & Heavy Machinery 10.3.1 Adoption of Intralogistics Solutions to Move Heavy Metals and Machinery to Drive Market Growth 10.4 Food & Beverage 10.4.1 Constant Need for Efficient and Safe Storage and Retrieval Solutions to Increase Demand for ASRS 10.5 Chemical 10.5.1 Inclination of Chemical Companies Toward Digitalization to Fuel ASRS Demand 10.6 Healthcare 10.6.1 Increased Use of Material Handling Equipment by Healthcare Companies to Support Market Growth 10.7 Semiconductor & Electronics 10.7.1 Need to Enhance Accuracy in Semiconductor Manufacturing to Surge ASRS Demand 10.8 Retail 10.8.1 Constant Requirement for Efficient and Timely Storage and Product Retrieval from Retail Stores to Support Market Growth 10.9 Aviation 10.9.1 Need for Effortless Manufacturing and Assembly of Aircraft to Escalate Demand for ASRS 10.1 E-Commerce 10.10.1 Use of ASRS for Decreasing Transit Time to Stimulate Market Growth 10.11 Others

12 Competitive Landscape 12.1 Overview 12.2 Strategies Adopted by Key Players 12.3 Top 5 Company Revenue Analysis 12.4 Market Share Analysis 12.5 Competitive Evaluation Quadrant, 2021 12.5.1 Star Players 12.5.2 Emerging Leaders 12.5.3 Pervasive Players 12.5.4 Participants 12.6 Small and Medium-Sized Enterprises (SMEs) Evaluation Quadrant, 2021 12.6.1 Progressive Companies 12.6.2 Responsive Companies 12.6.3 Dynamic Companies 12.6.4 Starting Blocks 12.7 ASRS Market: Company Footprint 12.8 Competitive Benchmarking 12.9 Competitive Scenario

13 Company Profiles 13.1 Key Players 13.1.1 Daifuku 13.1.2 Murata Machinery 13.1.3 Ssi Schaefer 13.1.4 Tgw Logistics 13.1.5 Kardex 13.1.6 Beumer 13.1.7 Honeywell International 13.1.8 Kion 13.1.9 Knapp 13.1.10 Kuka 13.1.11 Mecalux 13.1.12 System Logistics 13.1.13 Toyota Industries 13.2 Other Players 13.2.1 Automation Logistics 13.2.2 Autocrib 13.2.3 Ferretto 13.2.4 Haenel Storage System 13.2.5 Ihi 13.2.6 Invata Intralogistics 13.2.7 Mias 13.2.8 Ocado 13.2.9 Sencorpwhite 13.2.10 Viastore Systems 13.2.11 Vidmar 13.2.12 Westfalia Technologies 13.2.13 Witron

For more information about this report visit https://www.researchandmarkets.com/r/n5hu94

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