NEW YORK, July 2, 2021 /PRNewswire/ —
The automated storage and retrieval systems market is poised to grow by USD 1.65 billion during 2021-2025, progressing at a CAGR of over 4% during the forecast period.
Read the 120-page report with TOC on “Automated Storage and Retrieval Systems Market Analysis Report by End-user (E-commerce and 3PL, Automotive, Food and beverages, Retail, and Other end-users), Geography (Europe, APAC, North America, South America, and MEA), and the Segment Forecasts, 2021-2025″.
The market is driven by the expanding warehouse space in Europe. In addition, the increasing demand from the automotive industry is anticipated to boost the growth of the automated storage and retrieval systems market.
The pharmaceutical and automation industries have witnessed significant growth in Europe over the past few years. This has created the need for the expansion of warehouse capacities in the region. For instance, in February 2020, Amazon announced its plans to open three new warehouses in the UK. Similarly, in January 2020, DACHSER announced its plan to construct a new warehouse in Germany. Such warehouse expansion plans are driving the demand for automated storage and retrieval systems.
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Major Five Automated Storage and Retrieval Systems Companies:
BEUMER Group GmbH & Co. KG
The company offers automated storage and retrieval solutions for baggage storage.
Daifuku Co. Ltd.
The company provides storage, transport, sorting, and picking systems to distributors and manufacturers.
Honeywell International Inc.
The company offers automated storage and retrieval systems such as goods to person systems, high volume buffer shuffle system, high volume single aisle shuttle system, and one level shuttle system.
IHI Corp.
The company offers automated storage and retrieval systems for products such as pallets, cases, cartons, and buckets, and also addresses special environments such as freezers, explosion-proofing, and clean facilities.
Kardex AG
The company offers automated storage and retrieval solutions such as Mcompact, Vertical lift module, and others.
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Automated Storage and Retrieval Systems Market End-user Outlook (Revenue, USD Billion, 2020-2025)
- E-commerce and 3PL – size and forecast 2020-2025
- Automotive – size and forecast 2020-2025
- Food and beverages – size and forecast 2020-2025
- Retail – size and forecast 2020-2025
- Other end-users – size and forecast 2020-2025
Automated Storage and Retrieval Systems Market Geography Outlook (Revenue, USD Billion, 2020-2025)
- Europe – size and forecast 2020-2025
- APAC – size and forecast 2020-2025
- North America – size and forecast 2020-2025
- South America – size and forecast 2020-2025
- MEA – size and forecast 2020-2025
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