According to the new research report published by The Insight Partners, titled “Automated Storage and Retrieval System (ASRS)Market - Global Analysis and Forecast to 2025”, the global Automated Storage and Retrieval System (ASRS)Market is expected to reach US$ 13.81 Bn in 2025, registering a CAGR of 8.7% during the forecast period 2017 to 2025.
Automated storage and retrieval system (ASRS) is one of the foremost material handling systems, which is widely used in automated production environment and distribution centers. ASRS have been utilized not only as an advanced alternative in traditional warehouses but also as a part of advanced manufacturing systems. ASRS plays an essential role in modern manufacturing plants for work-in-process storage and offer the benefits of improved inventory control and cost-effective utilization of time, space, and equipment. ASRS offers advantages related to improved inventory control and cost effective utilization of equipment, space and time. These advantages related to ASRS have fuelled the growth of the demand of ASRS systems over conventional storage and picking options.
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Key findings of the study:
• From a growth perspective India in Asia-Pacific region is anticipated to witness the most lucrative CAGR growth rate of 12.5% during the forecast period
• Unit load ASRS segment shared the maximum market revenue in 2016 market
• Pharmaceutical segment is foreseen to create profitable business opportunities in Automated storage and retrieval system (ASRS) market during the forecast period
GLOBAL AUTOMATED STORAGE AND RETRIEVAL SYSTEM (ASRS) MARKET - COMPANY PROFILES
• Bastian Solutions Inc.
• Interlake Mecalux
• Kardex Group
• Daifuku Co. Ltd.
• Intelligrated
• Murata Machinery Ltd.
• System Logistics Spa
• SSI Schaefer Systems International
• Swisslog Holding AG
• Vanderland Industries B.V.
• Dematic
• Witron
The exclusive report on Automated Storage and Retrieval System (ASRS) Market research report has been formulated with the help of extensive primary research (inputs from industry experts, companies, and stakeholders) and secondary research to get a universal view of the market. The report gives an in-detailed information across global regions, including North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America & Central America (SCAM). We follow an iterative research methodology model to formulate the report that help decision makers take sound investment evaluation. Secondary research is carried out using internal and external sources to obtain qualitative and quantitative information of the market backed by the primary interview of KOLs and SME’s. This model negates any drastic deviation in the market estimation and is used is used to estimate the Automated Storage and Retrieval System (ASRS) Market size and forecasts till 2027.
The emergence of online shopping and e-commerce is resulting in bolstering the market growth for ASRS as well as the increasing adoption of automated solutions in manufacturing industries, particularly in developing economies. Further this is driving the demand for ASRS solutions. Some of the global key players operating in the ASRS market are Daifuku Co. Ltd., Intelligrated (part of Honeywell Inc.), Interlake Mecalux, Kardex Group, Vanderlande, System Logistics, Schaefer Systems International and Murata Machinery Ltd., Bastian Solutions, Swisslog Holding AB among others. Many companies are investing in ASRS owing to the potential improvements related to accuracy, operational efficiency, and timely order fulfilment, thereby helping them to enhance customer retention rate and compete efficiently in the market.
In our study, we have segmented the automated storage and retrieval system (ASRS) market by type, which includes Unit Load ASRS, Mini Load ASRS, Carousels, Vertical Lift Modules, and Others. Furthermore, the end user segment of the automated storage and retrieval system (ASRS) market is segmented into automotive, food & beverage, electronics, retail, e-commerce, logistics, aerospace, pharmaceuticals and others. On the basis of geography, the ASRS market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM) regions.
The report is an in-depth analysis of the Automated Storage and Retrieval System (ASRS) Industry. It allows the market players, investors, and interested individuals to understand the market trends and growth opportunities in the space and devise strategies for business growth. It underlines the drivers, restraints, and opportunities affecting the industry and discusses the market size and share, segmentation, and technology trends that prevail. Information about the key players operating in the market are also discussed.
What our report offers:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Automated Storage and Retrieval System (ASRS) Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Automated Storage and Retrieval System (ASRS), thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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