Automated Storage and Retrieval System (ASRS) Market is projected to reach USD 10.66 billion by 2025, growing at a CAGR of 7.42% from 2017 to 2025

Automated Storage and Retrieval System (ASRS) Market Analysis:

According to Verified Market Intelligence, The Global Automated Storage and Retrieval System (ASRS) Market was valued at USD 5.60 billion in 2016 and is projected to reach USD 10.66 billion by 2025, growing at a CAGR of 7.42% from 2017 to 2025.

Automated storage and retrieval systems (ASRS) are a major part of many warehouse automation system that has the ability to sort, sequence, buffer, and store a wide range of goods into virtually unlimited destinations. It mainly comprises of storage and retrieval machines, rack structure, conveyor interface, and warehouse control system. ASRS has a wide range of applications in warehouses and distribution centers such as finished goods storage, goods to person picking, order fulfillment and many more. Apart from all this, it also helps in managing all the functions of automated equipment and tracking load movements in and out of the system. Increasing demand for storages in manufacturing plants, distributions centers and warehouses majorly contributes to the growth of automated storage and retrieval systems (ASRS) market.

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The rise of new technologies such as mid load and pallet shuttle, Improvement in supply chain efficiency and productivity and enhanced productivity of employee have been driving the global automated storage and retrieval systems (ASRS) market. On the other hand, increasing the risk of equipment malfunction, a necessity for large capital investments and technical complexities for the operational procedures might hinder the overall growth at a global level.

Global Automated Storage and Retrieval System (ASRS) Market Competitive Landscape:

The “Global Automated Storage and Retrieval System (ASRS) Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Daifuku Co. Ltd., SSI Schaefer Group, Murata Machinery, Knapp AG, TGW Logistics Group GmbH, Kardex Group, Swisslog Holding AG, Mecalux SA, Vanderlande Industries, System Logistics Corporation, and Bastian Solution,. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

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