Automated Storage and Retrieval System Market Revenue,
Growth Rate and Forecast to 2030

Automated Storage and Retrieval System
Market Growth
Trend & Forecast with latest research study released by Delvens evaluating
the market risk side analysis, highlighting opportunities, and leveraging
strategic and tactical decision-making support. The report provides information
on market trends and development, growth drivers, technologies, and the
changing investment structure of the Global market, 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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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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