Market Synopsis:
According to Market Research Future (MRFR)’s report, the global automated storage and retrieval system market is expected to thrive at a CAGR of 7.7% during the assessment period 2017 and 2023. The report suggests that the market is estimated to scale a decent valuation of USD 10.81 Bn by the end of 2023. These systems are widely used in warehouses and distribution facilities for effective inventory management. Technological developments are likely to optimize the growth pattern of the market in the years to come.
The market signifies healthy growth in conjunction with the inflow of investments as a part of its future trajectory. The boom witnessed in the e-commerce industry is set to expedite the expansion of the Automated Storage and Retrieval System Market over the next couple of years. It facilitates the effective deployment of automation to enable order fulfillment. Also, it aids the shift of focus to core business activities which is motivating the expansion of the market. A similar trend is expected to persist over the next few years.
The increasing demand for consumer products backed by rising purchasing powers is likely to signify expansion of the automated storage and retrieval system market for enhanced operational efficiency and minimum wastage. The towering demand for inventory control coupled with the need for cost reduction is poised to drive the proliferation of the market through the review period.
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Key Players
The prominent players in the Automated Storage and Retrieval System Market are –TGW Logistics Group GmbH (Austria), Swisslog Holding AG (Switzerland), Daifuku Co., Ltd. (Japan), SSI Schaefer Group (Germany), Murata Machinery (Japan), Knapp AG (Austria), Mecalux SA (Spain), Vanderlande Industries (Netherlands), System Logistics Corporation (Italy), Bastian Solution (US), Beumer Group (Germany), Dematic GmbH & Co. KG (Germany) and Kardex Group (Switzerland) among others.
Market Segmentation:
By type, the global automated storage and retrieval system market has been segmented into unit load, mini load, micro load, vertical lift module, horizontal / vertical carousel, mid load, and others.
By applications, the automated storage and retrieval system market has been segmented into Order Picking, Replenishment, Kitting, Order Picking, Distribution, Storage, security, production, consolidation, assembly, and others.
By end-user, the global automated storage and retrieval system market has been segmented into semiconductor & electronics, metals & heavy machinery, automotive, e-commerce, chemicals, food & beverages, aviation, healthcare, and others.
Regional Analysis:
The global automated storage and retrieval system market, by region, has been segmented into Asia Pacific, North America, Europe and the Rest of the World (RoW). Among these, North America is the most prominent regional market and is likely to benefit from the consolidation of key players. Europe is also a crucial revenue pocket and is anticipated to expand substantially in the years to come. Asia Pacific signifies potential and is forecasted to emerge as a booming market towards the end of the assessment period. China, Japan, and South Korea are the major country-level automated storage and retrieval system markets of the region.
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Intended Audience
- Raw material providers
- Automated Storage and Retrieval System manufacturing companies
- Product sales and distribution companies
- Government regulatory authorities
- ASRS Original Equipment Manufacturers
- Raw Material Suppliers
- Assembly and Packaging Vendors
- Technical Universities
- Technology standards organizations
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms
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