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Automated Storage and Retrieval System (ASRS) Market worth $11.8 billion by 2027 - Exclusive Report by MarketsandMarkets™CHICAGO, Nov. 29, 2022 /PRNewswire/ -- The global ASRS market size is projected to grow from USD 8.3 billion in 2022 to USD 11.8 billion by 2027, at a CAGR of 7.4% according to a new report by MarketsandMarkets™. The increasing usage of ASRS in healthcare, automotive, and food & beverage sectors is boosting the markets growth.  Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=195267987 Browse in-depth TOC on "Automated Storage and Retrieval System (ASRS) Market" VLM segment to account second-largest market share during the forecast period. VLMs maximize the vertical height by utilizing an independent tray storage system to create a dense solution far exceeding traditional storage methods. Depending on the items dimensions and the warehouses clear height, some companies can store thousands of parts in a single VLM. The VLM provides various features, such as increased storage density, reduced labor costs, an extremely efficient picking solution that can carry its operational return on investment, higher throughput rates from a picking perspective compared to conventional picking, the highest security, easy training, easy integration with other automation systems (robotics, unit-level sortation, shuttle systems). All these features are expected to drive the growth of the ASRS market for VLMs. Food & beverage is projected to hold a significant share of the ASRS market during the forecast year There has been an increasing focus of food & beverage companies on automation due to the rising need for food processing, packaging, and storing. Rising technological advances in cold chain storage and transport are also one of the factors influencing the growth of ASRS in the food & beverage industry. Furthermore, there has been growing acceptance of frozen foods among consumers, which ultimately is driving the demand for the ASRS market. To meet these demands, ASRS is extensively used in the food & beverage industry. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=195267987 China to account for a significant market share of Asia Pacific from 2022 to 2027 China is projected to account for a major share of the ASRS market in Asia Pacific from 2022 to 2027. The country is a key producer of automotive as well as food and beverage industry. The country is also a major manufacturr and supplier of semiconductor & electronics equipment. The country is also known for low-cost automotive product manufacturing. Consequently, ASRS witnesses a huge demand from warehouses to keep track of inventory, storage, and distribution for these catering industries. All these factors are pushing the growth of the ASRS market in China. Daifuku, Murata Machinery, SSI Schaefer, TGW Logistics, and Kardex are the top five players in the ASRS market globally. Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=195267987 Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting Related Reports: RFID Market by Offering (Tags, Readers, Software & Services), Tag Type (Passive, Active), Wafer Size, Frequency, Form Factor (Card, Implant, Key Fob, Label, Paper Ticket, Band), Material, Application & Region - Global Forecast to 2030 Warehouse Management System Market by Offering (Software, Services), Deployment (On Premises, Cloud), Tier Type (Advanced, Intermediate, Basic), Industry, and Region (2021-2026) Automated Material Handling (AMH) Equipment Market by Product (Robots, ASRS, Conveyors and Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry and Region (2022-2027) Automated Guided Vehicle Market by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Region (2021-2026) Asset Management System Market With Covid-19 Impact by Solution (GPS, RFID, RTLS, Barcode), Asset Type (Electronic Assets, Returnable Transport Assets, In-Transit Equipment, Manufacturing Assets, Staff), Industry, Geography - Global Forecast to 2025 About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
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