Press release
Global Automated Storage and Retrieval Systems Market 2018-2025 - What are the market opportunities and who are the key vendors in this market space?
The Insight Partners
Automated Storage and Retrieval System (ASRS) market comprises of the storage systems that on operator’s commands are used for either storage or retrieval of products inside a warehouse for optimization and space efficiency needs. The space efficiencies achieved coupled with the rising demands for strategically managed SCM by various end-user industries especially retail, e-commerce and logistics are drastically creating opportunities for implementations of such storage systems in the recent times. The space and cost savings realized after implementations of automated storage and retrieval systems is reaping rich dividends for the users of it and thus, encouraging investments from various corners for further up gradations in the technology.
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One of the major driving factors surging the growth of automated storage and retrieval system is rising demand for well managed SCM by various industries such as retail, e-commerce and logistics and emergence of flexible manufacturing system. In addition to this the another factor which drives the market is space and cost efficiencies which is been realized after implementation of automated storage and retrieval system and boosting investments from various corners for further up gradations in the technology. However, the factors hindering the growth of automated storage and retrieval system are need for skilled workforce, high initial cost. Increased Research and development spending .minimization of AMHE and growing need for automation system to handle SKU production is expected to boost the market over the forecasted period
The global automated storage and retrieval systems market is estimated to grow at a CAGR of 8.7% during the forecast period 2017 – 2025 and accounts for US$ 13,808.2 Mn in the year 2025. One of the prime factors that are driving the demands for automated storage and retrieval systems is the need for optimized and space efficient storage systems. Growing population across the globe, is tremendously impacting the demand for multiple product categories in automotive, pharmaceutical, retail, electronics, food & beverage, and many other industries. In order to cater to this enormously increasing demand, manufacturers have increased their productions significantly.
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Automated Storage and Retrieval Systems Market Players:
1. Bastian Solutions, Inc.
2. Daifuku Co. Ltd.
3. Intelligrated
4. Interlake Mecalux
5. Kardex Group
6. Murata Machinery Ltd.
7. System Logistics SpA
8. SSI Schaefer Systems International
9. Swisslog Holding AG
10. Vanderlande Industries B.V.
Key questions answered in this report
– What will the market size be in 2025 and what will the growth rate be?
– What are the key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?
– What are the market opportunities and threats faced by the key vendors?
– What are the strengths and weaknesses of the key vendors?
View Complete Report at http://www.theinsightpartners.com/reports/automated-storage-and-retrieval-systems-market-research-report
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
About The Insight Partners:
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, Media, and Telecommunication industries.
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