Automated Storage and Retrieval System (ASRS) - Global Market Outlook (2018-2027)

Automated Storage and Retrieval System (ASRS) - Global Market Outlook (2018-2027)

According to Stratistics MRC, the Global Automated Storage and Retrieval System (ASRS) market is accounted for $6.93 billion in 2018 and is expected to reach $15.94 billion by 2027 growing at a CAGR of 9.7% during the forecast period. Some of the key factors propelling the market growth are growing demand for these systems in automotive industry and improved accuracy, productivity, and efficiency in supply chain. However, initial investments required and need for technical and training are the restraining factor for the growth of the market.

Automated storage and retrieval system (ASRS), also referred as AS/RS is an automated system which is used for efficient in-house storage and handling of material. They are a type of warehouse technology wherein goods are automatically brought and placed back into storage. This is commonly accomplished by pairing the technology with warehouse execution software (WES) that manages the procedure and guides warehouse personnel process orders. This system has various advantages that help in making the warehouse or order fulfilment operations more efficient, and furthermore it permits you to allocate personnel to higher-value tasks more smartly. It also reduces the time and human work needed for material handling. It is one of the most significant and accurate methods for material storage and retrieval process.

By end user, retail segment is expected to grow at the significant market share during the forecast period. Retail these systems for implementation in huge megastores comprising a vast variety and quantity of goods stored at a single location. To efficiently manage the storing and retrieving of products from shelves to the customer in minimum time, companies use these systems. With the rising focus of retailers to develop the shopping experience of the customers, technology associated with retail is progressing.

On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period. China and Japan are the countries driving the growth of the market in the region. The rapid growth of automotive, food & beverages, and healthcare in emerging economies such as China, Japan, Australia, and South Korea has contributed to the growth of the market in the region. China is a key contributor owing to its huge industrial and manufacturing sectors.

Some of the key players in Automated Storage and Retrieval System (ASRS) Market include Bastian Solutions, Beumer Group, Daifuku, Dematic, Kardex Group, KNAPP, Mecalux, Murata Machinery, SSI Schaefer, Swisslog, System Logistics Corporation, TGW Logistics Group and Vanderlande Industries.

Types Covered:
• Autostore
• Fixed Aisle System
• Mid Load
• Mini Load
• Vertical Lift Module
• Carousel
• Unit Load

Equipments Covered:
• Storage and Retrieval Machines

Functions Covered:
• Assembly
• Consolidation
• Distribution
• Kitting
• Order Picking
• Production
• Storage
• Other Functions

End-Users Covered:
• Aerospace
• Airport
• Automotive
• Aviation & Logistics
• Chemicals
• E-Commerce
• Food & Beverages
• General Manufacturing
• Healthcare
• Jewelry
• Metals & Heavy Machinery
• Pharmaceuticals
• Plastics
• Post & Parcel
• Retail
• Semiconductors & Electronics
• Spare Parts Handling
• Third-party Logistics
• Warehousing and Distribution
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
France
Italy
UK
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances