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Automated Storage and Retrieval System (ASRS) Market Size, Share, Trend & Growth Forecast to 2025 | Leading Players Interlake Mecalux, Kardex Group, Vanderlande, System Logistics, Schaefer Systems, Bastian Solutions, Swisslog

11-11-2019 10:50 AM CET | Media & Telecommunications

Press release from: The Insight Partners

Automated Storage and Retrieval System (ASRS) Market

Automated Storage and Retrieval System (ASRS) Market

The Automated Storage and Retrieval System (ASRS) market has experienced significant growth and adoption rate in the past few years and is expected to experience notable growth and adoption in years to come. ASRS systems also play important role in robotics; where they are used to guide the autonomous robots called as ‘self-navigating robots’. Various industries such as electronics, automotive, aerospace, food & beverage, pharmaceuticals and electronics are pretty concerned about reducing labor intensive processes, increasing accuracy and speed for the task of storage and then retrieval of their products whenever required. A variety of ASRS systems are available in the market out of which many systems are highly flexible and can be relocated. Other benefits include improved ergonomics, better inventory control, workplace safety and others. Asia Pacific Automated Storage and Retrieval System (ASRS) market region is expected to witness a CAGR growth rate of 11.1% in the coming years.

Automated Storage and Retrieval System (ASRS) Market accounted for US$ 6,507.2 Mn in 2016 and is expected to grow at a CAGR of 8.7% during the forecast period 2016 – 2025, to account for US$ 13,808.2 in 2025.

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Some of the leading companies in the market are Daifuku Co. Ltd., Intelligrated (part of Honeywell Inc.), Interlake Mecalux, Kardex Group, Vanderlande, System Logistics, Schaefer Systems International and Murata Machinery Ltd., Bastian Solutions, Swisslog Holding AB among others.

The emergence of online shopping and e-commerce is resulting in bolstering the market growth for ASRS as well as the increasing adoption of automated solutions in manufacturing industries, particularly in developing economies. Further this is driving the demand for ASRS solutions. Some of the global key players operating in the ASRS market are Daifuku Co. Ltd., Intelligrated (part of Honeywell Inc.), Interlake Mecalux, Kardex Group, Vanderlande, System Logistics, Schaefer Systems International and Murata Machinery Ltd., Bastian Solutions, Swisslog Holding AB among others. Many companies are investing in ASRS owing to the potential improvements related to accuracy, operational efficiency, and timely order fulfilment, thereby helping them to enhance customer retention rate and compete efficiently in the market.

The Automated storage and retrieval system (ASRS) market in Asia Pacific is expected to grow at a CAGR of 11.1% during the forecast period 2016 – 2025. Countries like Japan, India, China, Australia, Singapore, Taiwan and Indonesia have a plethora of manufacturing industries pertaining to diverse sector that includes electronics, food & beverage, chemicals, textile, automobiles and healthcare. The manufacturing industry in the countries of Asia Pacific have experienced a huge shift over the years. The Asian manufacturing sector is known to rapidly adopt innovation accelerators that includes robotics along with the emerging cloud and mobility technologies. Over the years, the manufacturing spending of the region has grown significantly and is further anticipated to grow at a highest estimated growth rate. Furthermore, Government policies such as Make-in-India, in India encourage the setup of manufacturing plants in fast developing countries. The encouragement of manufacturing sector is done by the Government with a view to make the country self-sufficient first and then export the surplus produce.

Key findings of the study:

From a growth perspective India in Asia-Pacific region is anticipated to witness the most lucrative CAGR growth rate of 12.5% during the forecast period
Unit load ASRS segment shared the maximum market revenue in 2016 market
Pharmaceutical segment is foreseen to create profitable business opportunities in Automated storage and retrieval system (ASRS) market during the forecast period
In our study, we have segmented the automated storage and retrieval system (ASRS) market by type, which includes Unit Load ASRS, Mini Load ASRS, Carousels, Vertical Lift Modules, and Others. Furthermore, the end user segment of the automated storage and retrieval system (ASRS) market is segmented into automotive, food & beverage, electronics, retail, e-commerce, logistics, aerospace, pharmaceuticals and others. On the basis of geography, the ASRS market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM) regions.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.

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