Press release
Automated Storage and Retrieval System Market Industry Size, Global Trends, Market Forecast – 2019-2025
Automated Storage and Retrieval System Market Size
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ASRS technology assists the companies in cutting expenses by minimizing unnecessary storage of items and parts and allows more storage due to narrow aisles and assists high-density storage. It also assists in the logical representation of products which improve the delivering process. For instance, the products that are used together are arranged side by side. Additionally, it also assists in reducing the labor costs and increase accuracy and safety to the products. ASRS has a huge influence where there is a very high volume of parts and products moved in and out of storage. It is the technology that provides information about the product; where the product comes from, how long the product is stored and where the product is available. It minimizes the time to spend on finding the products and provide complete control of inventory management.
A full report of Automated Storage and Retrieval System Market is available at: https://www.omrglobal.com/industry-reports/automated-storage-and-retrieval-system-asrs-market
Moreover, ASRS also enable in maintaining the methods of storage that is Last In First Out (LIFO) and First In First Out (FIFO) of the inventories, especially in food and beverages industries. The increasing e-commerce industry around the globe aids the development of warehouses and effective management in different regions. It also benefits in the optimization of logistics for frequent safe, and fast handling of packages. Automated storage and retrieval system market has a significant influence in automobile industries; it uses ASRS to revamp the scrambled sequence of the product before the final assembly that enables the growth of ASRS market, globally. The new automotive plants are driving the demand for ASRS. For instance, Hyundai is planning to open a new factory in Indonesia for electronic cars that rise the market demand of ASRS.
The major players of the market include BEUMER Group, Dearborn Mid-West Company, Green Automated Solutions, Inc., KION Group AG, Kubo Systems, Modula, Inc., Swisslog, KION Group, Murata Machinery, TGW Logistics, and Toyota Industries Corp. In April 2019, Daifuku Co., Ltd. acquired India-based Vega Conveyors and Automation Pvt Ltd. to improve its design, expand manufacturing, installation and after-sales services of conveyors and other material handling the equipment. In October 2018, Murata Machinery acquired Horibe Machinery Co., Ltd. to provide unique production systems that fulfill the customers need and enhancing productivity.
Current Market Trends Covered in the Market Report:
• Increasing real estate cost will act as a stimulus to adopt ASRS technology.
• Development of new plants in the automotive sectors has triggered the demand for ASRS market.
• Europe accounts for the largest share of ASRS market.
• Merger and acquisition are taking place for maximizing market share.
• Growing retail industries giving rise to the development of warehouses that trigger the ASRS market.
Global Automated Storage and Retrieval System Market – Segmentation
By Type
• Unit Load
• Mini Load
• Vertical Lift Module
• Carousel
• Autostore
By Industry
• Automobile
• Metals & Heavy Machinery
• Food & Beverages
• Healthcare
• Retail
• Others
Global Automated Storage and Retrieval System Market - by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667,+91 780-304-0404
Orion Market Research (OMR) is an Indian research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company provides quality syndicated research reports, customized research reports, company profiling, consulting and other research-based services.
Source: https://www.omrglobal.com/press-release/global-asrs-market
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