Automated Storage and Retrieval Systems Market Growth Factors 2018 by Global Key Vendor (Daifuku Co. Ltd., Kardex Group, SSI Schaeffer Systems, etc..),Major Application, Trends Development and 2025 Forecast Analysis

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Automated Storage and Retrieval System (ASRS) market comprises of the storage systems that on operator's commands are used for either storage or retrieval of products inside a warehouse for optimization and space efficiency needs. The space efficiencies achieved coupled with the rising demands for strategically managed SCM by various end-user industries especially retail, e-commerce and logistics are drastically creating opportunities for implementations of such storage systems in the recent times. The space and cost savings realized after implementations of automated storage and retrieval systems is reaping rich dividends for the users of it and thus, encouraging investments from various corners for further up gradations in the technology.

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Automated Storage and Retrieval System (ASRS) market is expected to grow US$ 13.81 billion by 2025 from US$ 6.50 billion in 2016.Pharmaceutical industry has been one of the highly regulated industries for 100% quality control compared to any other industry. Precision is one of the important aspects of any production activity. Extreme hygienic conditions are required in any pharmaceutical manufacturing process. ASRS solutions such as VLM offer dust-protection concept to safeguard these products to come in contact with any foreign particles.

Global Automated Storage and Retrieval System Market Players:

Bastian Solutions, Inc.
Daifuku Co. Ltd.
Intelligrated
Interlake Mecalux
Kardex Group
Murata Machinery Ltd.
System Logistics SpA
SSI Schaefer Systems International
Swisslog Holding AG
Vanderlande Industries B.V.

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Key trends which will predominantly effect market in the coming years is automated storage and retrieval system market consolidation due to growing competition. Established players in the storage system arena are looking for integration of IoT and robotics to further grab better opportunities. Daifuku Co.Ltd., Kardex Group, Intelligrated and Interlake Mecalux are few of the major players in this market that provide solutions pertaining to automated storage and retrieval systems. The space and cost savings realized after implementations of automated storage and retrieval systems is reaping rich dividends for the users of it and thus, encouraging investments from various corners for further up gradations in the technology.

Automated Storage and Retrieval System market by end-user vertical is segmented into aerospace, automotive, electronics, e-commerce, retail, logistics, food & beverage, pharmaceutical, and others (agriculture, oil & gas, and construction). Several warehouses and industrial facilities are following a trend to install automated solutions to enhance their warehouse operations, worker safety and comfort as well as profits. Vertical lift module is one such automated storage and retrieval solution, which delivers benefits such as reduced labor costs, increased inventory control, space savings, accuracy & productivity, ergonomics, safety & protection and flexibility.

The overall automated storage and retrieval system market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the automated storage and retrieval system market.

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