The Indian automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 12.7% during the forecast period. India is anticipated to showcase a considerable growth opportunity in the ASRS market during the forecast period. Adoption of various government policies to drive AI innovation such as digital India, and proliferation in various sectors such as IT, healthcare, and consumer goods had offered significant opportunities for the automation of India’s industrial sector. Various campaigns such as Make in India with the intent to decrease the import and increase the export from the country have supported the growth of the manufacturing sector of India.
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Moreover, global players are bringing smart factory solutions in India to increase manufacturing. For instance, in April 2019, Panasonic announced its plan to bring its smart factory solutions in India. The company has integrated its welding business and SMT (Surface Mount Technology) equipment business for becoming an end-to-end integrated Smart Manufacturing Solutions company. The ASRS has its wide utility in the manufacturing sector ranging from the manufacturing of goods to the supply chain management of the manufactured goods. Therefore, the manufacturing industry in India is anticipated to make a major contribution to the growth of the ASRS market in the country.
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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
Indian ASRS Market by Type
- Unit Load
- Mini Load
- Vertical Lift Module
- Carousel
- Auto Store
Indian ASRS Market Industry
- Automobile
- Chemical, Metals & Heavy Machinery
- Food & Beverages
- Healthcare
- Retail, Third-Party Logistics, and E-Commerce
- Others (Aviation, Manufacturing Industry)
Company Profiles
- Bastian Solutions, LLC
- Daifuku Co., Ltd.
- Godrej Consoveyo Logistics Automation Ltd.
- Kardex Group
- KION Group AG
- KUKA AG
- Murata Machinery Ltd.
- Pennar Industries Ltd.
- Toyota Industries Corp.
The Report Covers
- Comprehensive research methodology of the Indian 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 Indian ASRS Market.
- Insights about market determinants which are stimulating the Indian 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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