From GlobeNewswire: 2024-04-30 07:00:00

The automated storage and retrieval system market is projected to reach USD 17.1 Billion by 2032, driven by demand in industries like e-commerce and healthcare. ASRS solutions offer space optimization, accurate inventory tracking, and reduced labor costs, meeting the needs of modern supply chain management. Technological advancements like robotics and AI are further enhancing the ASRS landscape.

In the order picking application segment, the automated storage and retrieval system market is expanding as businesses seek efficiency in fulfilling orders. With e-commerce shaping consumer habits, ASRS adoption is driven by the need for swift and accurate order fulfillment. The integration of robotics and AI is improving speed and accuracy in order picking processes.

The automotive segment in the automated storage and retrieval system market is anticipated to experience sustainable growth from 2024 to 2032. ASRS technology helps automotive manufacturers achieve labor savings, improve inventory accuracy, and boost productivity, addressing the industry’s need for efficient inventory management and reduced operational costs.

Europe is set to exhibit significant growth in the automated storage and retrieval system market from 2024 to 2032, driven by a robust manufacturing sector demanding advanced warehouse automation solutions. ASRS systems provide enhanced storage density, accuracy, and speed, helping European manufacturers achieve operational excellence and cost-effectiveness in production processes.

Top firms in the automated storage and retrieval system market include Bastian Solutions, Daifuku Co. Ltd, and KUKA AG, among others. These companies are focusing on new product developments, collaborations, and acquisitions to expand their product portfolios. The market research report by Global Market Insights Inc. offers insights into the trends, challenges, and opportunities shaping the ASRS market through 2032.



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