The European Automated Storage and Retrieval System (ASRS) Market is estimated to grow at a CAGR of 9.9% during the forecast period. European ASRS market covers the analysis of major economies including UK, Germany, Italy, Spain, France, and the Rest of Europe. The growing e-commerce industry, cross-border e-commerce sales, and increasing industrial automation are the major factors that are driving the growth of the ASRS market in the region. Moreover, the growing application of ASRS in various industries including automobile, food & beverages, retail and e-commerce, aeronautical, and others is further augmenting the regional business growth of the market.
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According to UNCTAD, Germany accounted for the largest e-commerce sales of $1,503 billion in 2017 followed by UK that accounted for around $755 billion in e-commerce sales in 2017. France accounted for a total of $734 billion in e-commerce sales in 2017 and Italy generated $333 billion in e-commerce sales in 2017. 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. An ASRS is a strategic warehouse solution that is widely used by organizations to gain competitive advantage.
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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
European ASRS Market by Type
- Unit Load
- Mini Load
- Vertical Lift Module
- Carousel
- Auto Store
European ASRS Market Industry
- Automobile
- Chemical, Metals & Heavy Machinery
- Food & Beverages
- Healthcare
- Retail, Third-Party Logistics, and E-Commerce
- Others (Aviation, Manufacturing Industry)
Regional Analysis
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- BEUMER Group
- Daifuku Co., Ltd.
- Honeywell International, Inc.
- Industore Ltd.
- Kardex Group
- Keymas Ltd.
- KION Group AG
- KNAPP AG
- KUKA AG
- System Logistics SpA
- TGW Logistics Group
- Viastore Systems GmbH
The Report Covers
- Comprehensive research methodology of the European 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 European ASRS Market.
- Insights about market determinants which are stimulating the European 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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