Report : Europe Automated Storage and Retrieval System (ASRS) Market Forecast to 2030 – COVID-19 Impact and Regional Analysis – by Type (Unit Load ASRS, Mini Load ASRS, Vertical Lift Module, Vertical Carousels, Horizontal Carousels, AutoStore, and Others) and End use Industry (Automotive, Food & Beverages, Electronic & Semiconductors, E-Commerce, Chemicals, Aerospace, Retail, Pharmaceuticals, and Others)
At 6.1% CAGR, the Europe Automated Storage and Retrieval System (ASRS) Market is speculated to be worth US$ 1,645.20 million by 2030, says The Business Market Insights
According to the Business Market Insights’ research, the Europe Automated Storage and Retrieval System (ASRS) market was valued at US$ 1,027.93 million in 2022 and is expected to reach US$ 1,645.20 million by 2030, registering a CAGR of 6.1% from 2022 to 2030. Optimized and space–efficient storage system and need for efficient supply chain to the Europe Automated Storage and Retrieval System (ASRS) Market expansion.
Rapid digitization across the Europe, along with a significantly high production rate, is pressurizing organizations to rely more on machines for enhanced productivity and accuracy. In this era of automation, these automated and programmed machinery play a vital role in reducing the associated cost and time and providing additional features of control, monitoring, and security.
A supply chain is one of the key sources of competitive advantage for companies that drives their businesses. Supply chain systems have gained importance in the last few years due to high competition in the product-based market. A strong supply chain ensures a proper balance between the supply and demand of the product in the market. Thus, many industry verticals are engaged to build strong supply chain for customers. ASRS supports the operational flow of the supply chain at the initial stage. ASRS is applied in slow and medium-moving order fulfillment and inventory management applications, ensuring increased efficiency. Thus, the rising demand for efficient supply chain implementations is driving the need for ASRS.
On the contrary, requirement of high initial investment hurdles the growth of Europe Automated Storage and Retrieval System (ASRS) market
Based on type, Europe Automated Storage and Retrieval System (ASRS) market is segmented into unit load ASRS, mini-load ASRS, vertical lift module, vertical carousels, horizontal carousel, autoStore, and others. The vertical lift module segment held 34.8% market share in 2022, amassing US$ 358.19 million. It is projected to garner US$ 461.81 million by 2030 to expand at 3.2% CAGR during 2022–2030.
Based on end use industry, the Europe Automated Storage and Retrieval System (ASRS) Market is segmented into automotive, food & beverage, electronics & semiconductor, e-commerce, chemical, aerospace, retail, pharmaceutical, and others. The e-commerce segment held 19.3% market share in 2022, amassing US$ 197.90 million. It is projected to garner US$ 252.37 million by 2030 to expand at 3.1% CAGR during 2022–2030.
Based on country, the Europe Automated Storage and Retrieval System (ASRS) market has been categorized into Germany, the UK, France, Italy, Russia, and Rest of Europe. Our regional analysis states that Germany captured 41.7% share of the Europe Automated Storage and Retrieval System (ASRS) market in 2022. It was assessed at US$ 428.64 million in 2022 and is likely to hit US$ 660.09 million by 2030, exhibiting a CAGR of 5.5% during the forecast period.
Key players dominating the Europe Automated Storage and Retrieval System (ASRS) market are SSI Schafer; Swisslog Holding AG; System Logistics SpA ; Bastian Solutions LLC; Daifuku Co Ltd; Kardex Holding AG; KNAPP AG; Vanderlande Industries BV; and Autocrib Inc among others.
- In Nov 2022, Bastian Solutions Unveiled Plans for New Corporate Campus in Noblesville, Indiana
- In Oct 2022, Vanderland and AWL join forces to develop a robotic small-item picker
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