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Global Automated Storage and Retrieval System Market 2017: Wordwide Analysis, Trends, Driving Forces, Restraints, Opportunities And Future Potential 2024
Global Automated Storage and Retrieval System Market
The Global Automated Storage and Retrieval System (ASRS) Market accounted to USD 8.7 billion 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.
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Global Automated Storage and Retrieval System (ASRS) Market By Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load, Autostore) By function (Assembly, Kitting, Order Picking, Distribution, Storage, Others) By End-user (Automotive, Chemicals, Aviation, Electronic & Semiconductor, E-Commerce, Food & Beverages, Healthcare, Metals and Heavy Machinery, Others)By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Major Market Competitors
• Daifuku Co., Ltd,
• SSI Schaefer Group,
• Murata Machinery, Ltd.,
• Knapp AG,
• TGW Logistics Group GmbH,
• Kardex Group,
• Swisslog Holding AG,Mecalux S.A.,
• Vanderlande Industries BV,
• System Logistics Corporation,
• Bastian Solutions, Inc.,
• Beumer Group,Dematic GmbH & Co. Kg
• among others.
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Major Market Drivers and Restraints:
• Real-Time Inventory Control at A Lower Cost
• Multichannel 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 type:- Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load, Autostore.
On the basis of function:- Assembly, Kitting, Order Picking, Distribution, Storage, Others.
On the basis of End-user:- Automotive, Chemicals, Aviation, Electronic & Semiconductor, E-Commerce, Food & Beverages, Healthcare, Metals and Heavy Machinery, Others.
On the basis of geography:- North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
In 2017, North America is expected to dominate the market.
Market Definition
An automated storage and retrieval system consists of a variety of computer-controlled systems for automatically placing and retrieving loads from defined storage locations.
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