ASRS Racking Market size is estimated to be USD 9.5 Billion in 2024 and is expected to reach USD 18.2 Billion by 2033 at a CAGR of 8.8% from 2026 to 2033.
The global Automated Storage and Retrieval Systems (ASRS) racking market was valued at approximately USD 6.5 billion in 2022 and is projected to reach around USD 12.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2030. In North America, the United States held a significant share, accounting for approximately 88% of the ASRS market in 2024. Europe also represented a substantial portion of the market, with countries like Germany, the United Kingdom, and France leading in adoption due to their robust manufacturing sectors and stringent workplace safety regulations. The Asia Pacific (APAC) region is anticipated to witness the highest growth, with a projected CAGR of over 8% during the forecast period. This growth is driven by large production and consumer bases in countries such as China, India, Japan, and South Korea. Key industries in these nations, including automotive, electronics, and e commerce, are increasingly adopting ASRS solutions to enhance operational efficiency and meet the demands of expanding markets. The rising e commerce sector, in particular, is creating significant opportunities for ASRS implementation across various industries.
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Frazier Industrial
Master Racks & Furniture
Engineered Products
AR Racking
Safer Storage Systems
Stow Group
Unarco Material Handling
Interlake Mecalux
Fritz Schäfer GmbH
Conveyco
Kardex Group
Nilkamal Material Handling
Swisslog
Addverb Technologies
Shanghai Maxrac Storage Equipment Engineering
Jiangsu Union Logistics System Engineering
Shanghai Calin Logistic Equipment
Mallard Manufacturing
Signode Industrial Group
Tech-Link Storage Engineering
Midwest Engineered Systems
Daifuku
Jay Storage Solutions
Nanjing Huade Storage Equipment Manufacture
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global ASRS Racking Market
Selective Racking
Drive-in/Drive-thru Racking
Push-back Racking
Mobile Racking
Mezzanine Racking
Cantilever Racking
Steel
Aluminum
Others
Retail
Manufacturing
Automotive
Food & Beverage
Pharmaceutical
Logistics & Warehousing
Light Duty Racking
Medium Duty Racking
Heavy Duty Racking
Permanent Installation
Temporary Installation
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global ASRS Racking Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global ASRS Racking Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global ASRS Racking Market, By Type
6. Global ASRS Racking Market, By Application
7. Global ASRS Racking Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global ASRS Racking Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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