Automated Storage-Retrieval System (ASRS) Market to Grow by 10.4 Billion USD All over the World by 2024 a Report by top competitors like MarketareDaifuku Co., Ltd, SSI Schaefer Group, Murata Machinery, Ltd., Knapp AG, TGW Logistics Group

An automated storage and retrieval system (ASRS or AS/RS) consists of a variety of computer-controlled systems for automatically placing and retrieving loads from defined storage locations. Automated storage and retrieval systems (AS/RS) are typically used in applications where:
• There is a very high volume of loads being moved into and out of storage
• Storage density is important because of space constraints
• No value is added in this process (no processing, only storage and transport)
• Accuracy is critical because of potential expensive damages to the load

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The Global Automated Storage and Retrieval System (ASRS) Market accounted to USD 8.7billion in 2016 growing at a CAGR of 16.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Major Market Competitors:
Some of the major players operating in Automated Storage and Retrieval System (ASRS)
• MarketareDaifuku Co.
• SSI Schaefer Group
• Murata Machinery
• Knapp AG
• TGW Logistics Group
• Kardex Group
• Swisslog Holding AG
• Mecalux S.A.
• Vanderlande Industries BV
• System Logistics Corporation
• Bastian Solutions, Inc.
• Beumer Group
• Dematic GmbH & Co. Kgamong others.

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Competitive Analysis:
Automated Storage and Retrieval System (ASRS) Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
• Real-Time Inventory Control at A Lower Cost
• Multi channel Supply Chain Strategy in Retail
• Improved Employee Productivity, Along With Growth in the Automated Material Handling Market
• Requirement for Large Capital Investments

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Market Segmentation:
On the basis of End-user the Automated Storage and Retrieval System (ASRS) Market is segmented into Automotive, Chemicals, Aviation, Electronic & Semiconductor, E-Commerce, Food & Beverages, Healthcare, Metals and Heavy Machinery, Others.
On the basis of geography, Automated Storage and Retrieval System (ASRS) Market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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