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.
The European ASRS market is segmented on the basis of type and industry. On the basis of type, the market is segmented into the unit load, mini load, vertical lift module (VLM), carousel, and auto store. Mini load ASRS handles totes, trays, and cartons rather than full pallets. Mini load ASRS is used considerably in retail, e-commerce and 3PL providers. Based on the industry, the market is automotive; chemical, metals & heavy machinery; food & beverages; healthcare; retail, third-party logistics (3PL), and e-commerce; and others such as aviation and manufacturing.
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European ASRS Market Segmentation
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)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
