At 8+% CAGR Automated Storage and Retrieval System (ASRS) Market Set For 4.6 Billion Dollars Explosive Growth to 2027 Propelled By Bastian,Daifuku, KION GROUP, Kardex, Knapp

The global automated storage and retrieval system market was valued at US$ 2,349.9 Mn in 2018 and expected to reach US$ 4,616.1 Mn with a CAGR of 8.0% during the forecast period 2019 - 2027. Europe held the largest share of the global automated storage and retrieval system market in 2018, followed by North America and APAC. The automated storage and retrieval system market has been segmented into the 5 major regions: North America, Europe, APAC, the Middle East and Africa (MEA), and South America (SAM).

ASRS systems also play an essential role in robotics, where they are used to guide the autonomous robots called '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 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. However, the high cost associated with the installation, along with the overall maintenance cost, is hindering the market growth as it is often not affordable for small facilities to incur such costly automation.

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The Major Manufacturers Covered In This Report: Bastian Solutions, Inc.,Daifuku Co., Ltd.,KION GROUP AG,Kardex Group,Knapp AG,Mecalux, S.A.,SSI Schaefer Group,Swisslog Holding AG,System Logistics Spa,Vanderlande Industries

The Automated storage and retrieval system (ASRS) market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of telematics and connected vehicle systems. Furthermore, the rise in demand for electric vehicles is expected to boost market growth. However, the high costs of technology adoption may hinder the growth of the Automated storage and retrieval system (ASRS) market during the forecast period. On the other hand, the development of high specific energy supercapacitor creates lucrative opportunities for market players in the coming years.

Within the Automated storage and retrieval system (ASRS) market, various regions are observed to exhibit different growth trends. North America hold the largest share of the total Automated storage and retrieval system (ASRS) market. While the regions such as Europe and APAC are expected to exhibit high growth along with the increasing growth in industrial and Electronics and Semiconductor sector.

The report segments the global Automated Storage and Retrieval System market as follows:

Global Automated Storage and Retrieval System Market - By Type
o Unit Load ASRS
o Mini Load ASRS
o Vertical Lift Module
o Vertical Carousels
o Horizontal Carousels
o AutoStore
o Others

Global Automated Storage and Retrieval System Market - By End-user Industry
o Automotive
o Food & Beverages
o Electronic & Semiconductors
o E-Commerce
o Chemicals
o Aerospace
o Retail
o Pharmaceuticals
o Others

Automated storage and retrieval system (ASRS) Market Segment by Regions, Regional analysis covers: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries.

The Automated storage and retrieval system (ASRS)
Report Assists Users to:
o Gain complete understanding of Global Automated storage and retrieval system (ASRS) industry through the comprehensive analytical report
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o Identify all potential investment/contract/expansion opportunities
o Drive your strategies in right direction by understanding the impact of latest trends, market forecasts on your Automated storage and retrieval system (ASRS) business
o Enhance your decision making process through ranking countries contributing highest growth to the Automated storage and retrieval system (ASRS) market
o Beat your competition through information on their operations, strategies and new projects
o Technological advancements are highlighted to understand the future potential of the market
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