The German automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of over 10.0% during the forecast period. Germany is the fourth-largest economy globally and accounts for more than one-fifth of the European Union’s GDP as per the International Monetary Fund (IMF). Germany is the largest European trading partner of the US and the sixth-largest market for the export of goods to the US. The country is estimated to be one of the major contributors to the European ASRS market. The growth of the market in Germany is mainly attributed to the expanding e-commerce industry, increase in the cross-border trade, and well-established industrial sector of the country.
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The growth in the above sectors increases the demand for strategic solutions to manage the goods and commodities in various facilities for optimizing efficiency, thereby, driving the growth of the ASRS market in the country. According to UNCTAD, Germany accounted for the largest e-commerce sales of $1,503 billion in 2017. The increasing e-commerce industry has led to an increase in the number of warehouses within the economies of the region. Various retailers and e-commerce giants have adopted automation in the warehouse facility to maximize efficiency and operability. This has increased the demand for ASRS in warehouses.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Germany ASRS Market by Type
- Unit Load
- Mini Load
- Vertical Lift Module
- Carousel
- Auto Store
Germany ASRS Market Industry
- Automobile
- Chemical, Metals & Heavy Machinery
- Food & Beverages
- Healthcare
- Retail, Third-Party Logistics, and E-Commerce
- Others (Aviation, Manufacturing Industry)
Company Profiles
- BEUMER Group
- Daifuku Co., Ltd.
- Honeywell International, Inc.
- Kardex Group
- KION Group AG
- KNAPP AG
- KUKA AG
- TGW Logistics Group
- Viastore Systems GmbH
The Report Covers
- Comprehensive research methodology of the German ASRS Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the German ASRS Market.
- Insights about market determinants which are stimulating the German ASRS Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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