|
Burgeoning E-Commerce Industry to Escalate the Demand for Automated Storage and Retrieval Systems, Globally
Rising adoption of technologies such as big data analytics, IT/OT convergence, digital twin, artificial intelligence, 3D printing, and automation technologies are some of the prominent reasons which are driving the growth of the automated storage and retrieval system. The advantage of automated storage and retrieval systems such as Reduced labor costs, Improved accuracy, efficiency, and productivity, Reduced safety risks for employees (reducing the need to lift and move heavy or bulky items) are leading to the growing market. Also, ASRS technologies provide highly dense storage and can save up to 85% of floor space occupied by shelving. Also, ASRS systems require 2/3 less labor to operate when compared to manual shelving.
Request For Sample: https://univdatos.com/get-a-free-sample-form-php/?product_id=18915
Moreover, the growing industrial sector such as food and beverage, automotive, healthcare, etc., and the increasing use of robotics is helping the growth of the market. According to the Robotic Industries Association and Association for Advancing Automation, orders of robotic systems by food and consumer goods manufacturers grew by 56% in 2020. Automation, leveraging artificial intelligence and other technologies have opened ample opportunities in various industrial verticals inclusive of the retail sector. It has been estimated that in 2018, around 57% of 1, 300 institutions have adopted artificial intelligence while around 18% were planning to enter the respective arena in 2019.
According to UnivDatos Market Insights (UMI)’ research report “Global Automated Storage and Retrieval Systems Market Analysis, 2020”, an emerging number of warehouses across the globe is also leading to the growing market for automated storage and retrieval systems. In 2020, there were around 151, 000 warehouses all around the world. 25, 500 of them were in North America. The booming e-commerce sector is acting as a growth catalyst for the emerging number of warehouses, and the market for automated storage and retrieval system is on the boom. It is expected that the number of warehouses across the globe would reach 1, 80, 000 by 2025.
Based on the function, the storage segment acquired the XX% market share and gathered USD XX Mn market in 2020. The automated storage systems are used to manage small parts inventories, sub-assembly, work-in-process, maintenance and repair parts, and large tools and dies in a variety of applications found within manufacturing and distribution facilities. Common applications include storage. Storage is one of the primary benefits of AS/RS is its ability to store products in a way that makes the most efficient use of available space, especially over the long term.
Based on the industrial vertical, the automotive segment grabbed XX% market share and dominated the market in 2020. As per a renowned consulting firm, The automotive revenue pool will significantly increase and diversify toward on-demand mobility services and data-driven services. This could create up to US$1.5 trillion or 30% more in additional revenue potential in 2030, compared with about US$5.2 trillion from traditional car sales and aftermarket products/services, up by 50% from about US$3.5 trillion in 2015.
Request For Customization: https://univdatos.com/get-a-free-sample-form-php/?product_id=18915
The Europe Region to Grab Lion’s Share, But Asia-Pacific to witness Explicit Growth
Based on the Region, the Europe region dominated the global Automated Storage and Retrieval Systems market in 2020. Promulgating the consumer goods and electronics industry coupled with the uplifting automotive industry in the region is leading to the growth of this segment. However, the Asia-Pacific region would witness a robust CAGR in the forthcoming years stated in UnivDatos Market Insights (UMI)’ research report “Global Automated Storage and Retrieval Systems Market Analysis, 2020”.
About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
Contact
UnivDatos Market Insights
Email: sales@univdatos.com
Website: https://univdatos.com/
|
